In the course of the renaissance of blockchain games, which is expected for this year, one of the most important blockchain game providers has established another partnership. The large crypto exchange Huobi, which currently ranks 15th among the largest crypto exchanges, was selected for this. Why exactly this partnership came about and what can still be expected from it is now to be dealt with in the following article.
New partnership between GameFi platform Gala Games and crypto exchange Huobi
At the March 31 the new strategic partnership between Gala Games and Huobi was announced. According to a post from Huobi, the two companies are working together to create a Develop Web3 ecosystem, co-brand, develop products and build community.
In addition, through the cooperation different investments in projects to be connected. Likewise are thereby also Listings planned. Gala Games offers developers the opportunity to create their own games with play-to-earn and non-fungible tokens.
So the players can then Trade in-game items like other assets. In addition, the users acquire the full rights to these through the NFTs. Therefore, they no longer have to worry that the achievements can be taken off the market together with the game by the game studios and are no longer available. In the context of the multiverse approach, they could theoretically also be used in other games and metaverses.
great news#Huobi is happy to announce a strategic partnership with #gala Games @GoGalaGames in ecosystem development.
Together, we will cooperate in the investment and listing of high-quality projects, including Layer1 integration, cobranding & community development. pic.twitter.com/LTqy8pXkF3
— Huobi (@HuobiGlobal) March 31, 2023
The partnership between Gala Games and Huobi is also expected to bring the Layer 1 blockchain used by Gala becomes. According to the blockchain president of Gala Games, Jason Brink, the underlying blockchain technology optimized become. In his opinion, this also represents a decisive step towards mass adoption.
According to a Huobi senior executive, one of the company’s key objectives is to Design of a global Web3 gateway. In this context, robust technology, a highly developed infrastructure and the ecosystem are of particular relevance. With the help of the partnership with Gala Games, this process should now be accelerated.
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What is Gala Games?
Gala Games is one entertainment platform for blockchain games, among others, which wants to take advantage of decentralization, usage rights and rewards. She already offers one Variety of games of different genres as well as from various game studios. It is one of the leading GameFi projects as well as with Gala Film also has a streaming provider, which also produces its own films with Hollywood stars. Come in addition Gala Music, which specializes in music streaming.
Gala Games has previously worked with others entertainment and music partners worked together. They include, among others DreamWorks, AMC and NBCU as well as the famous game developers Peter Molyneux and Will Wright. Musical artists include, among others Snoop Dogg, Ice Cube, Kings of Leon and BT. Other partners are Fun Dog Studios, Gamedia, PokerGo and Skybound. In addition, Gala Games has the mobile gaming company Ember Entertainment purchased including games and community.
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What is Huobi?
Huobi is one crypto exchange founded in Chinawhich their services in over 100 countries offers. Be on the central trading floor various services offered in the crypto sector. In addition to trading, this also includes, among other things ICOs supported via Huobi. According to CoinMarketCap, Huobi is currently among the top 15 of the major crypto exchanges, with a Daily trading volume currently $375.13 million from 7.14 million weekly users.
Alternative investment ideas in the area of blockchain games
Blockchain games are one of the most sought-after crypto sectors. Because in January were According to data from DappRader, almost half of all on-chain transactions are in cryptogames. Some of the latest projects are presented below:
Fight Out (FGHT)
Fight Out wants one Symbiosis of real life sport with gaming to reach. It offers a sports metaversein which users compete against other members from around the world compete against each other in addictive game modes in challenges, duels and tournaments can. This way as well earn through their daily training They use cryptocurrencies and can save their personal achievements in their avatar’s profile for eternity. Likewise, Fight Out also includes one betting platformwhich refers to the Focus on the areas of e-sports and martial arts as well as support your own offer should. Also noteworthy is the own fitness center chain and the team of sports legends.
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RobotEra (TARO)
Designing the metaverse yourself should be possible with the help of RobotEra. To do this, the project provides beginner-friendly developer tools free of charge. With this you can Create VR NFTs and change the world of RobotEra. Within the Metaverse there are several options available, such as Gaming, events, meetings, co-working, art exhibitions, online shopping and much more. In this way, a wide variety of target groups should be addressed. Likewise also belongs a complex NFT economic cycle to RobotEra, in which there are various income opportunities. They include, among others Funding resources, development, trading, renting, selling and more.
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Tamadoge (TAMA)
Tamadoge is one GameFi platform, which initially specialized in casual games. So far they have been first 5 arcade games released. In addition, many more more 3D and VR games will follow. The main game provides that Tamaverse dar, which one VR and AR metaverse is in which the users take care of the care, rearing and training of an NFT dog. The game concept is there based on the 90s cult game Tamagotchis, brings this into the new age with augmented reality. The tokens can also be use it for shopping at various online shops.
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About the author: Simon Feldhusen first came into contact with the stock market 16 years ago and has been dealing intensively with trading, cryptoassets, stocks, P2P, corporate finance, finance and entrepreneurship on a daily basis for more than 7 years. He has also been working as a copywriter and ghostwriter in the financial sector for several years. During this time he has acquired a diversified knowledge through various training courses on the financial markets and following the daily news. Since then, not a day has gone by that he hasn’t engaged with the markets. He publishes for Finanzen.net, ETF-Nachrichten.de and Coincierge, among others.
