Vakhtang Abrahamyan, CEO of Fastex, says exchanges today get an edge by following the rules.
There’s a new art gallery in Yerevan, Armenia. You’ll find a sleek space, tasteful lighting, and creative works of art. Sculptures that look like eyeballs are emblazoned with bursts of color — fiery reds, bold yellows, soothing blues.
If you’re an artist, you can use the eyes of AKNEYE as a new kind of canvas, combining physical sculptures with immersive elements like LCD screens, surreal lighting, and the metaverse. This is not just theoretical. Across over 20 countries, artists are usingto create, share, and monetize their work. And at the phygital galleries themselves , young artists can learn about the new tools of Web3. They can take a class on drawing and then a class on technology.
All of this starts with a robust approach to regulatory compliance. “Being compliant is the key,” says Abrahamyan, who knows a thing or two about regulation, as he was once the Deputy Governor of the Central Bank of Armenia. “The regulation is becoming more and more clear and transparent for us, which for the business is very good for the long-term strategy.”
That conquering starts with the Bahamut blockchain, which already has 6 million wallets. It aims to operate at warp-speed, putting the fast in Fastex. The key innovation is their “Proof-of-Stake-and-Activity” mechanism, separating Bahamut from other chains. With Proof of Work , you need massive computing power. With Proof of Stake , you need to pledge your assets.
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