From the Hyobi blog.
Singapore / April 04, 2023 / Huobi, a leading global digital assets platform, announces a strategic partnership with blockchain gaming platform Gala Games and Rock DAO for GameFi ecosystem integration and cooperation. Previously on Apr 3, Huobi and Gala Games had announced about their compensation plan to affected pGala users and that Huobi will support the conversion of pGALA to ROCK and conduct an initial listing after the exchange is completed.
ROCK (Rock Dao) is a gaming token that will be deeply integrated with the web3 gaming ecosystems of both Gala Games and Huobi, supporting game experiences, node cooperation and community governance. Of a total supply of 6.01 billion, 1.4 billion ROCKs serve as the reserve fund and represent the governance and voting power, with Gala Games and Huobi holding 0.7 billion each. These 1.4 billion ROCK have only governance and voting rights and will never enter the secondary market.
Gala Games will soon migrate its entire entertainment ecosystem to its own layer-1 blockchain, currently known as Project GYRI. As a functional token, ROCK will play an important role in the Gala Games entertainment ecosystem. Gala Games will also issue commemorative NFTs exclusively for ROCK holders, and ROCK will be used as a reward/discount currency in the Gala Games entertainment ecosystem.
Gala Games will also assist Rock DAO in establishing partnerships with blockchain security institutions and various project parties, such as security vulnerability reward programs and white hat hacker competitions.Gala Games also plans to connect with the TRON ecosystem allowing more utility for the ROCK token.
Huobi states that this cooperation with Gala Games and Rock will further expand its presence in the GameFi field by exploring new business models in the ecosystem. With its advanced technologies and strong user base, Huobi aims to enrich the gaming experience for users by providing users with a safe and secured environment to game and trade digital assets. Huobi is also working closely with Rock Dao and HT Dao to promote the mutual empowerment of the two communities.
Gala Games says this cooperation with Rock DAO and Huobi, offers itself a great opportunity to expand its global reach and develop the GameFi ecosystem.Meanwhile, Gala Games will build on Tron Network as Tron’s important partner, and the two parties will collaborate closely to develop the Web3 gaming industry.
About Gala Games
Gala Games is a web3 games company that uses decentralization, player ownership and reward economies to create a revolutionary new way of gaming. With dozens of games on the horizon and several already in various stages of playtesting, Gala Games is quickly becoming the world leaders in own-your-experience gaming. Learn more at Gala.com
About Rock Dao
ROCK is a Web3 gaming ecosystem token initiated by Gala Games along with Huobi and Tron. In the future, Rock DAO will work closely with Huobi, Tron, and Gala Games to jointly explore the GameFi ecosystem, enrich the gaming experience, and facilitate node cooperation and community governance.
Founded in 2013, Huobi has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation and other businesses. Huobi serves millions of users across international markets.
This article came directly from the Hyobi Global blog, found on https://blog.huobi.com/2023/04/06/huobi-partners-with-gala-games-and-rock-dao-to-launch-gamefi-token-rock/