Huobi Global, a crypto exchange backed by Tron founder Justin Sun, has announced a strategic partnership with Gala Games, the blockchain-based gaming platform behind metaverse coin GALA. The partnership aims to collaborate on investment and listing of major Web3 projects, ecosystem development and community building. Here are the details
Metaverse coin partners with Huobi Global
Gala Games, one of the popular metaverse coin projects, and the famous crypto exchange Huobi came up with a partnership. According to Huobi’s official blog post dated March 31, the two companies will work together to support ecosystem building, co-branding, project development and community building. Gala Games allows developers to create cryptocurrency and NFT games that allow players to buy and sell in-game items. These items are secured on the Blockchain and prevent developers from modifying or deleting them without the player’s permission.
The partnership with Gala Games will help Huobi accelerate its Web3 goals and integrate with the Gala Layer-1 Blockchain to develop on-chain technology. Jason “BitBender” Brink, head of blockchain at Gala Games, said that the integration of Gala Blockchain into popular exchanges like Huobi is crucial to gaining mass adoption. Also, the partnership has led to a significant increase in the price of GALA tokens, which has skyrocketed following the announcement of Gala Films, which will be working with celebrities like Dwayne “The Rock” Johnson and Mark Wahlberg.
Partnership received support from the community
The community expressed its support for the partnership because of the advantages of Layer-1 Blockchain. The partnership is expected to lead to more significant developments in the Web3 ecosystem and increase the adoption of Blockchain technology in the gaming industry. Overall, the partnership between Huobi and Gala Games is an important step forward for the blockchain gaming industry. It is an example of how collaborations between companies can help accelerate Web3 and blockchain technology adoption. With the partnership, Huobi will further expand its Web3 goals and integrate with the Gala Layer-1 Blockchain to develop on-chain technology.
Meanwhile cryptocoin.com According to the data, GALA has lost 4 percent of its value despite the news of the partnership. The 127th-ranked cryptocurrency with a market cap of $278 million dropped from $0.041 to $0.039 on a daily basis and is currently trading at its daily low. Huobi Token (HT) is changing hands at $3.64, down 1%. The cryptocurrency felt like it was between $3.71 and $3.59 on a daily basis. It is trading around $3.65 at the time of writing.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram And YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.