- These two market leaders will work together to invest in and list the best initiatives
- Alliance will also help with co-branding, community development, and project planning.
Huobi Global, a cryptocurrency exchange led by Tron founder Justin Sun, has announced a strategic alliance with Gala Games, a blockchain-based play-to-earn gaming platform. The corporations want to work together on Web ecosystem growth, community creation, and investment in leading Web3 initiatives.
On March 31st, Huobi announced on its official blog that it has formed a partnership with Gala Games to advance the Web3 ecosystem. In the Gala ecosystem, these two market leaders will work together to invest in and list the best initiatives. Huobi and Gala Games will also help with things like co-branding, community development, and project planning.
Integration of Layer 1 Blockchain
Gala Games facilitates the creation of play-to-earn crypto and non-fungible token (NFT) games. Where users may trade and sell virtual goods. Whenever a player buys one of these virtual things, the game’s makers can’t change or remove it from the game without getting permission first.
By working with Gala Games, Huobi will be able to speed up its Web3 initiatives and enhance the underlying on-chain technology by integrating with the Gala Layer-1 blockchain.
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.”
To further emphasize its dedication to the growth of the Web3 ecosystem, the cryptocurrency exchange also made an announcement on Twitter about the importance of its relationship with Gala Games. The community has spoken in favor of the alliance because of the benefits of the Layer-1 blockchain.
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