Animoca Brands and Gala Games Join Forces to Revolutionize $GALA Token

Published:

  • GALA token gets a helping hand: Hong Kong investment firm Animoca Brands is stepping in to support Gala Games’ GALA token, including providing liquidity to facilitate trading and potentially becoming a validator on GalaChain, the game’s dedicated blockchain.
  • Decentralized gaming gains a powerful ally: The partnership between Animoca Brands, a leading player in the play-to-earn and metaverse gaming industry, and Gala Games, a specialist in decentralized gaming, is a significant development.
  • GALA Price needs time to shine: While the partnership is promising, the GALA token price remains under pressure. Despite the recent decline, there may be opportunities for investors looking for entry points.

Hong Kong-based venture capital firm Animoca Brands announced a strategic partnership with Web3 and blockchain gaming company Game GalaThe collaboration aims to improve user experiences with the GALA token, a key asset in the Gala Games ecosystem.

GalaChain Liquidity Supply and Validation

Animoca Brands is ready to acquire GALA tokens with Gala’s Treasury following an announcement on social media platform X. The move aims to offer liquidity provisioning services for the GALA token to ensure silky trading. In addition, Animoca Brands plans to act as a validator for GalaChainthe native blockchain of the gaming ecosystem.

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The unexpected collaboration has piqued the interest of the gaming community on X. LordBenalez, CEO of crypto game Mittaria, expressed his excitement and wanted to know more details about the collaboration.

Gala Games’ Goals for Growth and Decentralization

Animoca Brands and Gala Games Join Forces to Revolutionize $GALA Token

Gala Games gained popularity during the cryptocurrency boom in 2021. The platform aims to decentralize the multi-billion dollar gaming industrygiving players full control over the ecosystem.

Animoca Brands Investment Strategy

Animoca Brands is known for its significant investments in crypto assets and gaming companies. Recently, the company has signed Memorandum of Understanding (MoU) with Futureverseartificial intelligence and metaverse company. The partnership aims to leverage Animoca Brands’ extensive ecosystem of blockchain-based products to enhance Futureverse’s metaverse technology stack.

Animoca Brands has invested in CARV, a leading modular data layer for games and AI, and Cross The Ages (CTA), a multimedia gaming company.

GALA Token Performance

Despite the recent announcement partnerships, GALA token encountered difficulties. Over the past day he has experienced decrease by 5.18%, with transaction price 0.0261 PLN. This means significant 90% drop from its peak value 0.8367 dollars which was reached on November 26, 2021. The current trading volume of the token is $ 76 million, which means a slight decrease of about 1%.

The GALA token is currently 81st place in the market based on market capitalization. Since reaching its peak 0.08677 On March 10th there was a significant drop. From Relative Strength Index (RSI) at 32it seems that the bears may still have control. Still, there are potential entry points for investors to consider.

In summary, the collaboration between Animoca Brands and Gala Games aims to transform the GALA token, but recent price fluctuations highlight the unpredictable nature of the cryptocurrency market.

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