NewsletterJustin Sun’s Huobi Exchange Partners Gala Games For L1 and Web3 Development
Tron founder Justin Sun-backed crypto exchange Huobi Global announces a strategic partnership with blockchain-based play-to-earn gaming platform Gala Games. The companies plan to cooperate in the investment and listing of top Web3 projects, Web ecosystem development, and community building.
Huobi Global Partners Gala Games
Huobi in an official blog on March 31 said it has partnered with Gala Games for Web3 ecosystem development. Both leading companies will cooperate in the investment and listing of top projects in the Gala ecosystem. In addition, Huobi and Gala Games will support ecosystem building, co-branding, project development, and community building.
Gala Games allows developers to create play-to-earn crypto and non-fungible token (NFT) games enabling players to buy and sell in-game items. These in-game items once purchased by players and prevent developers to modify or delete those items without the consent of players.
Partnership with Gala Games will help Huobi further accelerate its Web3 goals and integrate with the Gala Layer-1 blockchain to improve the underlying on-chain technology.
Jason “BitBender” Brink, president of blockchain at Gala Games, said:
“Integration of our layer 1 blockchain into popular exchanges like Huobi is absolutely crucial with the level of mass adoption we’re looking for.”
The crypto exchange also took to Twitter to announce the significance of the partnership with Gala Games to further increase in commitment to Web3 ecosystem development. The community expresses support for the partnership due to the advantages of the Layer-1 blockchain.
👏 Great News!#Huobi is happy to announce a strategic partnership with #Gala Games @GoGalaGames in ecosystem development.
Together, we will cooperate in the investment and listing of high-quality projects, including Layer1 integration, cobranding & community development. pic.twitter.com/LTqy8pXkF3
— Huobi (@HuobiGlobal) March 31, 2023
GALA tokens rose massively after Gala Games announces Gala Films working with celebrities such as Dwayne “The Rock” Johnson and Mark Wahlberg. The GALA price is currently trading at $0.04042, down over 2% in the last 24 hours.
Meanwhile, Huobi Token (HT) soared 2% after the announcement, but still below the 24-hour high of $3.70.
Also Read: Big Short Michael Burry Hints At Market Rally? Claims He Was “Wrong”
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