Huobi Global has partnered with Gala Games, a blockchain-based play-to-earn gaming platform, to help invest and list Web3 projects.
Huobi Partners With Gala Games for L1 and Web3 Development
Cryptocurrency exchange Нuobi Global has announced a strategic partnership with Gala Games, a blockchain-based play-and-earn gaming platform. Huobi announced a partnership with Gala Games in an official blog post on March 31. This collaboration will help to develop the Web3 ecosystem. Gala Gamеs allows developers to create play-to-earn cryptographic and non-fungible token (NFT) games that allow players to buy and sell in-game items. Once purchased, these in-game items cannot be modified or removed by the developers without the consent of the players.
The collaboration between Нuobi and Gala Gamеs is expected to enhance the former’s Web3 goals, allowing it to integrate with the Gala layer 1 blockchain to enhance the underlying on-chain technology. Jason Brink, Blockchain President at Gala Gamеs, said that integrating the Layer 1 blockchain with major exchanges like Нuobi is paramount to achieving the desired level of mass adoption. Нuobi also announced a partnership with Gala Gamеs on his Twitter, with the community expressing support for the partnership due to the benefits of Layer 1 blockchain.
Нuobi Global is now seeking a license in Hong Kong as new regulatory measures are being considered by China’s special administrative region to enable the platform to serve retail customers. In addition, Нuobi announced plans to expand its service to other regions by launching a Visa-backed crypto-to-fiat debit card. The card will be available to Нuobi customers residing in the European Economic Area and will be launched in the second quarter of 2023.
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