Why Gambling Companies Are a Perfect Fit for Fabriik’s Trading Platform

Written by:
Aaron Goldstein
Published on:

Our friend Becky Liggero Fontana follows up her previous interview with Roy Bernhard, President & Chief Product Officer of Fabriik.  She says it's a digital wallet that gaming companies will want to take full advantage of once it launches in May.

“What we’ve done is we’ve taken the collective experience and knowledge that we’ve gained over the past couple of years, and we’ve integrated that into a core what we consider a ‘super app,’ a web3 wallet and that we’ll be launching as the Fabric Wallet. And really, that is going to be our crown jewel in terms of the core where we offer everything,” a beaming Bernhard revealed.

The goal is for the Fabriik Wallet to become an “ubiquitous part of your day,” a mobile-first decentralized, self-custodial wallet to hold assets. So what does this mean? 

“What we found is that many of the big players in this space are removing one of the core elements and one of the core principles of the world of decentralization by centralizing a wallet,” Bernhard explained.

“You’ll have Coinbase, some of the other larger exchanges, which do great in their own right, but at the end of the day they’re taking over open source projects that are taking decentralized wallets and they’re centralizing them. And that’s no different than a bank,” he said.

“So [Fabriik Wallet is] a self-custodial wallet—first and foremost—which is really powerful. Your keys, your data, your access, your crypto,” Bernhard added.

Initially, users will have the ability to buy, receive, store, send, trade and swap digital currencies.  Tokens and NFTs will be introduced later in the year.

So Why is Fabriik a Perfect Fit for Gaming?

Bernhard spoke on Fabriik Weave’s ability to allow for BSV-based liquidity for customers, just as it does for CryptoFights, while also pointing out how Weave remains invisible to end-users who are using it without even knowing it.

“We’re going to continue to build out, add more currency to [Weave]—regular pairs, synthetic pairs—we’re always working with our downstream providers to enhance our ability to have better spreads, better transaction rates. We really just want this to be a really strong service for people to use,” Bernhard confirmed.

“Eventually, we want to make it so that when you tap to pay or when you click to pay on a website, you don’t have to select a currency to move it to something, to move it into something else. You can literally just pay any way and it will flow all the way through and where Weave needs to get involved it will so, very excited about it,” he added.

Watch below

- Aaron Goldstein, Gambling911.com

Video News News

Is DraftKings Legal in Utah?

Gambling911.com is one of only two states - the other being Hawaii - that does not offer any type of gambling.  This includes no state lottery.  As such, DraftKings will not operate here or take any bets from Utah residents or visitors.