Huobi Global, a leading cryptocurrency exchange, has formed a strategic partnership with Gala Games, a blockchain-based play-to-earn gaming platform. As announced in an official blog post on March 31, the two companies will collaborate to invest and list projects within the Gala ecosystem as they strive to expand the Web3 space.
Gala Games supplies its users with the opportunity to create play-to-earn crypto and nonfungible token (NFT) games, allowing them to buy, sell and store in-game items that can’t be modified or removed by developers without their express permission.
Huobi Global took to Twitter to announce its partnership with Gala Games, which was received positively among the community because of the advantages of its layer-1 blockchain. In line with new regulatory measures being considered in Hong Kong, Huobi is pursuing a license to cater to retail clients.
They have also announced plans to expand their services further by launching a Visa-backed crypto-to-fiat debit card in the European Economic Area, with an expected launch in the second quarter of 2023.
