Huobi to Aid Gala Games in Web3 Ecosystem Development March 31, 2023 March 31, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsMarch 31, 2023 by Kelly Cromley

Huobi to Aid Gala Games in Web3 Ecosystem Development

Huobi GroupIn a recent development, Huobi, the virtual asset trading platform, has announced a strategic partnership with Gala Games to further the development of the Web3 ecosystem. A new platform has been launched that provides a diverse range of play-to-earn crypto and non-fungible token (NFT) games on the Ethereum blockchain. This ecosystem offers a variety of games across different genres, providing users with a unique gaming experience. In a recent announcement, it was revealed that both parties have expressed their intention to collaborate on investment and listing of key projects within the Gala ecosystem. Additionally, they plan to work together on ecosystem development, co-branding, project development, and community building.

Gala Games has been reported to have a distinctive characteristic that sets it apart from other gaming platforms. According to sources, the platform enables game developers to design games that are entirely owned by the players themselves. In-game items can now be traded like tangible assets, allowing players to purchase and vend them. According to reports, game developers are unable to make any changes or remove certain items from the game without the approval of the players. Gala, a renowned company, has collaborated with various entertainment and music partners, including DreamWorks, AMC, NBCU, Peter Molyneux, Will Wright, Snoop Dogg, Ice Cube, Kings of Leon, and BT.

According to a Huobi executive, the establishment of a global Web3 gateway is a significant long-term objective that requires resilient technology, advanced infrastructure, and substantial ecosystem backing. According to recent reports, a partnership has been formed between Gala Games and an undisclosed party. The aim of this partnership is to expedite the process of improving the underlying on-chain technology.

The integration of the Gala Layer-1 blockchain is expected to play a significant role in this process. According to reports, projects developed on the Gala ecosystem, including GameFi and NFT projects, will now have a reliable point of reference to facilitate the implementation of appropriate Web3 infrastructure. Gala Games has announced that it will be considering innovative and high-quality projects within its ecosystem for investment and listing. This move is part of the company’s commitment to providing its users with a diverse range of top-quality assets.

According to Gala Games’ President of Blockchain, Jason “BitBender” Brink, the collaboration with Huobi is of great importance. Brink emphasized that integrating their layer 1 blockchain into well-known exchanges like Huobi is essential to achieve the desired level of mass adoption. In a recent statement, a partnership was announced that aims to empower upcoming developers to build a more stable and secure future for Web3. The collaboration is expected to provide the necessary resources and support for these developers to create innovative solutions that will contribute to the advancement of the Web3 ecosystem.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.