Huobi Global, a leading cryptocurrency exchange, has announced a strategic partnership with Gala Games, a blockchain-based play-to-earn gaming platform. The collaboration was officially disclosed in a blog post on March 31, wherein Huobi stated its intention to join forces with Gala Games to foster the development of the Web3 ecosystem.
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
Through this partnership, both companies will work together to invest in and list projects within the Gala ecosystem. Gala Games is renowned for its innovative platform that allows developers to create play-to-earn crypto and non-fungible token (NFT) games, enabling players to buy and sell in-game items that cannot be altered or deleted by developers without user consent.
Huobi’s partnership with Gala Games will provide an impetus to its Web3 ambitions and facilitate integration with the Gala layer-1 blockchain, thereby improving the underlying on-chain technology. Jason Brink, President of Blockchain at Gala Games, emphasized the significance of integrating the layer-1 blockchain with major exchanges such as Huobi to achieve mass adoption.
Huobi also shared the news of the partnership on Twitter, with the community expressing support for the collaboration’s benefits. Currently, Huobi Global is pursuing a license in Hong Kong to cater to retail clients amidst new regulatory measures being considered by the Chinese special administrative region.
Moreover, Huobi has announced its plan to expand its services in other regions by launching a Visa-backed crypto-to-fiat debit card. This card will be made available to Huobi customers residing in the European Economic Area and is scheduled to be launched in Q2 2023.