A cutting-edge virtual token trading platform, Bitfinex, has enlisted Gala Games (GALA), an ecosystem for decentralized gaming. Inclusion of GALA widen Bitfinex’s backing for gaming tokens, an industry having potential for massive growth this year amid an interest blast in virtual gaming as well as NFTs.
Gala GAmes focuses explicitly on providing entire control of games to players, allowing them to own their in-game products and have their part in development of ecosystem’s roadmap.
In-game items serves as NFTs, offering players with possession of their tools.
Additionally, gamers and owners of nodes will be listed, through a dispersed voting techniques, to assist in determining what games should be included in platform or where funds should be thrown by GALA ecosystem.
Regarding this addition, Bitfinex CEO stated that, “We’re delighted to add Gala Games to the tokens available to trade on our platform.”
Bitfinex CEO added, “We anticipate great interest in Gala among the exchange’s growing customer base.”
Amid this crucial collaboration with Bitfinex, Gala Games CEO, Eric Schiermeyer stated that, “I wouldn’t be doing this if I didn’t think this was literally the next phase of the internet.”
Eric added, “Everything that touches ownership is going to be affected by what’s happening here. Art and music and everything that has a digital life is going to be touched by this. Anything that you thought was digital that you thought you owned but didn’t really own — that’s what’s about to be revolutionized.”
GALA went live on Bitfinex during February 2022, and trading will be available with Tether (GALA/USDT) and USD (GALA/USD).
There are around 398 active blockchain games, and have at minimum of 1 functional wallet in previous 24 hours within game, as per DappRadar, a data tracer. That’s a 92% escalation in contrast to a year ago. Total blockchain games, including the ones that are not active, were spiked by 71% over previous year to 1,179.
GALA has a community first design, where users input gives direction to each gaming model. Its community is evidenced by an inflating Discord community having 150,000 members, and 333,000 Twitter followers.
Bitfinex is establishing its stand as a one-stop-shop for virtual tokens trading, providing a wide range of services, involving margin trading with up to 1000% leverage.
*All users of www.bitfinex.com are subject to Bitfinex’s terms of service [Link to the TOS] (“TOS”). Please note that U.S. persons (as defined in the TOS), among other prohibited persons (as defined in the TOS), are strictly prohibited from directly or indirectly holding, owning, or operating an Account (as defined in the TOS) on www.bitfinex.com.
About Bitfinex
Bitfinex is a virtual asset trading platform, established back in 2012, providing cutting edge services for virtual tokens traders, and international liquidity providers.
Additionally, to a cluster of advanced trading attributes and charting tools, Bitfinex offers accessibility to P2P financing, financed trading as well as an OTC market for a variety of virtual assets.
Bitfinex primarily concentrates on offering unparalleled assistance, tools, and innovation for expert traders as well as liquidity providers all across the globe.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2022/03/21/bitfinex-enlists-gala-games-gala-as-crypto-gaming-climbs-higher-cliffs/