Justin Sun’s Huobi Exchange Partners Gala Games For L1 and Web3 Development

Huobi Global, a cryptocurrency exchange backed by Justin Sun, the founder of Tron, has announced a strategic partnership with Gala Games, a blockchain-based gaming platform that allows players to earn cryptocurrency while playing. The collaboration aims to focus on investment and listing of top Web3 projects, developing the Web ecosystem, and building communities.

Huobi Global Partners Gala Games

In an official blog post on March 31, Huobi Global announced its strategic partnership with the blockchain-based play-to-earn gaming platform, Gala Games. As part of the collaboration, the companies will work together in investment and listing of top projects in the Gala ecosystem, as well as in ecosystem building, co-branding, project development, and community building.

Gala Games offers developers the ability to create play-to-earn crypto and non-fungible token (NFT) games, allowing players to buy and sell in-game items that developers cannot modify or delete without player consent.

This partnership is expected to help Huobi accelerate its Web3 goals by integrating with the Gala Layer-1 blockchain, which will improve the underlying on-chain technology.

According to Jason “BitBender” Brink, who serves as the president of blockchain at Gala Games, the integration of the company's layer 1 blockchain with popular exchanges such as Huobi is vital for achieving the mass adoption they seek.

Huobi Global also took to Twitter to underscore the importance of its partnership with Gala Games as part of its commitment to the development of the Web3 ecosystem. The community has expressed support for the partnership, citing the advantages of the Layer-1 blockchain.

Following the announcement of a collaboration between Gala Games and Gala Films, which involves working with Hollywood stars like Dwayne “The Rock” Johnson and Mark Wahlberg, the price of GALA tokens experienced a massive surge. However, in the last 24 hours, the price has dropped by over 2% and is currently trading at $0.04042. On the other hand, the announcement had a positive impact on Huobi Token (HT), which rose by 2%, though it is still below its 24-hour high of $3.70.

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