Gala Games, a blockchain-based play-to-earn gaming platform, has announced a strategic relationship with cryptocurrency exchange Huobi Global.
Gala Games, a blockchain-based gaming company, has partnered strategically with cryptocurrency exchange Huobi Global.
The now-Seychelles-based exchange, founded in China, claimed that the collaboration may allow both businesses to expand for the Web3 environment.
Huobi will use Gala’s platform and Gala to list projects for investment.
Using Gala Games, developers may design games where users can earn cryptocurrency or use non-fungible tokens (NFTs) to buy and sell in-game goods. Gala Games is a play-to-earn blockchain gaming platform.
Unlike conventional games, players own these things, not the game’s designer, and they can’t be changed or deleted without the player’s consent once they purchased.
By working together, Huobi hopes to advance its Web3 goals. The gaming platform’s foundational technology will improve by integrating its services with Gala’s layer-1 blockchain.
Gala Games’ layer-1 network’s incorporation into significant exchanges like Huobi, according to Jason Brink, president of the blockchain at Gala Games, is a significant step towards gaining widespread adoption and usage.
As the Chinese Special Administrative Region considers new regulatory measures, Huobi Global is now looking for a license in Hong Kong. The permit would enable the cryptocurrency exchange to provide its services to retail customers.
With the introduction of a Visa crypto-to-fiat debit card, Huobi has also made it apparent that it intends to extend its services outside of Hong Kong.
Also Read: https://thecitizenscoop.com/google-is-now-experimenting-with-blue-check-marks-for-verified-ads/
In the second quarter of 2023, Huobi users in the European Economic Area can purchase the card.
