• Web3 gaming company Gala Games has entered a strategic partnership with cryptocurrency exchange Huobi Global to boost development and investment in top notch gaming projects.
• The partnership will see Huobi Global integrate Gala Game’s highly scalable layer 1 blockchain and list Gala Games ecosystem tokens.
• Huobi Token price was largely flat on Friday, trading around $3.66.
Gala Games Partners With Huobi
Gala Games, a Web3 gaming company, recently announced a strategic partnership with cryptocurrency exchange Huobi Global to advance development and investment in top quality gaming projects.
Integrating Layer 1 Blockchain
The collaboration seeks to integrate Gala Game’s highly scalable layer 1 blockchain into popular exchanges like Huobi and list Gala Games ecosystem tokens. It also allows the two platforms to co-invest in leading game projects and support other growth initiatives. Jason Brink, President of Blockchain at Gala Games noted that the partnership is a key step towards mass adoption of their layer 1 blockchain.
Huobi Exchange
Established in 2013, Huobi is one of the largest digital assets platforms in terms of daily trading volume. According to CoinMarketCap data from 31 March 2023, it is ranked 17th largest in spot volume and 10th largest in derivatives volume at the time of writing. Its native token Huobi Token traded around $3.66 at the time of writing with its all-time high being $39.66 achieved on 12 May 2021.
Benefits for Gaming Industry
The partnership between Huobi Global and Gala Games looks to benefit both sides as well as the gaming industry as whole by advancing development within the Web3 gaming space, listing coins and investing in top quality games projects while also providing liquidity for users within the ecosystem who can purchase HT tokens or use them for transactions on the platform itself..
Conclusion
This strategic partnership between two leaders in their respective industries will help create an environment where developers can create stable, secure Web3 futures while also providing users with more options when it comes to purchasing tokens or using them for transactions on various platforms.