Bitfinex Adds Gala Games (GALA) Token to Its Platform

Thursday, 17/03/2022 | 21:09 GMT by Felipe Erazo
  • Trading on GALA at Bitfinex started on 17 March.
  • GALA will be available to trade with US Dollars and Tether tokens.
Bitfinex

Bitfinex, a cryptocurrency trading platform based in the British Virgin Islands, announced on Thursday that it had listed Gala (GALA) token amid the crypto gaming boom in the sphere.

According to the press release, the addition of the digital asset to Bitfinex’s portfolio will allow the platform to go aligned with the ‘explosion of interest’ in digital gaming and non-fungible tokens (NFTs).

“We’re delighted to add Gala Games to the tokens available to trade on our platform. We anticipate great interest in Gala among the exchange ’s growing customer base,” Paolo Ardoino, the CTO at Bitfinex, commented on the listing.

Moreover, Eric Schiermeyer, the CEO of Gala Games, issued the following statement via Gala’s website: “I wouldn’t be doing this if I didn’t think this was literally the next phase of the internet. 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.”

Trading on GALA started on 17 March at 10:00 AM UTC. GALA will be available to trade with US Dollars (GALA/USD) and Tether tokens (GALA/USDt).

Gala Games in Context

Through the use of decentralized ledger technologies, Gala Games gives players back control, allowing them to own their in-game items and participate in the development of the game roadmap. In the game, the items function as NFTs that are owned by the players.

Additionally, players and node owners will be consulted via distributed voting mechanisms to determine what games should be added to the platform or what should be funded by the Gala Games ecosystem.

Gala Games currently has a Discord community with 150,000 members, while it has 333,000 followers on Twitter.

Last month, Bitfinex added three currency spot pairs against Tether tokens (GBP/USDt, GBP/EURt and JPY/USDt).

Bitfinex, a cryptocurrency trading platform based in the British Virgin Islands, announced on Thursday that it had listed Gala (GALA) token amid the crypto gaming boom in the sphere.

According to the press release, the addition of the digital asset to Bitfinex’s portfolio will allow the platform to go aligned with the ‘explosion of interest’ in digital gaming and non-fungible tokens (NFTs).

“We’re delighted to add Gala Games to the tokens available to trade on our platform. We anticipate great interest in Gala among the exchange ’s growing customer base,” Paolo Ardoino, the CTO at Bitfinex, commented on the listing.

Moreover, Eric Schiermeyer, the CEO of Gala Games, issued the following statement via Gala’s website: “I wouldn’t be doing this if I didn’t think this was literally the next phase of the internet. 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.”

Trading on GALA started on 17 March at 10:00 AM UTC. GALA will be available to trade with US Dollars (GALA/USD) and Tether tokens (GALA/USDt).

Gala Games in Context

Through the use of decentralized ledger technologies, Gala Games gives players back control, allowing them to own their in-game items and participate in the development of the game roadmap. In the game, the items function as NFTs that are owned by the players.

Additionally, players and node owners will be consulted via distributed voting mechanisms to determine what games should be added to the platform or what should be funded by the Gala Games ecosystem.

Gala Games currently has a Discord community with 150,000 members, while it has 333,000 followers on Twitter.

Last month, Bitfinex added three currency spot pairs against Tether tokens (GBP/USDt, GBP/EURt and JPY/USDt).

About the Author: Felipe Erazo
Felipe Erazo
  • 1036 Articles
  • 42 Followers
About the Author: Felipe Erazo
Felipe earned a degree in journalism at the University of Chile with the highest honour in the overall ranking, and he also holds a Bachelor of Arts in Social Communication. In addition, he has been working as a freelance writer and Forex/crypto analyst, with experience gained from several forex broker firms and crypto-related media outlets around the world. He has been involved in the world of online forex trading since 2010 and in the crypto sphere since 2015.
  • 1036 Articles
  • 42 Followers

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