GalaChain (GALA) announced a strategic partnership with DWF Labs, a global digital asset market maker and multi-stage web3 investment firm.
According to the official statement made by the developers, DWF Labs, known for high-frequency cryptocurrency trading on more than 60 exchanges, will play a key role in the expansion of GalaChain's layer 1 blockchain. The partnership aims to reach new visionaries, developers and investors by accelerating the adoption of GalaChain.
GalaChain expressed its excitement about the partnership and said that it is ready for serious growth.
Following the development, there was a sudden decline in the price of GALA.
Gala's Head of Blockchain, Jason Brink, said in his statement:
“We are actively working with thought leaders and venture capitalists at both Web2 and Web3 to strengthen GalaChain as one of the leading blockchains for the future of decentralized technology. “DWF is a pioneer in this field and we are delighted to be working closely with them on this rollout.”
DWF Labs managing partner Andrei Grachev shared his expectations from the partnership:
“Gala Games' ability to onboard millions of users over the past few years is a testament to the potential to rapidly grow usage of its layer 1 network, GalaChain. “Our collaboration will help strengthen Gala Games' commitment to advancing blockchain integration in all aspects of digital entertainment.”
*This is not investment advice.