Gala Games and PokerGO: An Exciting Web3 Poker Collaboration
GameFi developer Gala Games has unveiled plans for a novel partnership with Las Vegas poker streaming service, PokerGO. On May 22, the pair announced their intention to launch a new Web3 social poker game named PokerGO Play. Designed to provide an immersive Web3 environment, the game offers an enhanced poker experience with the opportunity to upgrade player profiles and win real-world prizes.
Introducing PokerGO Play: A Web3 Social Poker Game
The beta version of PokerGO Play is set to launch in June, with a full release planned for later this year. The game builds upon a Genesis nonfungible token (NFT) collection of 1,326, each representing possible starting hand combinations in Texas Hold’em. This unique NFT collection was launched by PokerGO in May 2022 and has so far generated around 52 Ether in traded volume, with a floor price of 0.1 ETH.
NFT holders receive added benefits within the PokerGO Play game, such as chances to win cash prizes, memorabilia, and merchandise when their hand appears in winning moments. Furthermore, special events will be hosted at the PokerGO Studio in Las Vegas.
Gala Games: Pioneering Play-to-Earn Blockchain Games
Gala Games is renowned for developing Ethereum-based play-to-earn blockchain games. On May 18, the developers announced that over 21 billion Gala (GALA) tokens worth roughly $640 million had been burned following the protocol’s v2 airdrop.
In December 2021, Gala supported the launch of a digital poker casino by Virtue Gaming, utilizing cryptocurrencies and a play-to-earn model. The platform enjoys the endorsement of World Poker Tour champion and poker celebrity, Phil Ivey.
Overcoming Hurdles: Gala Games’ Legal Challenges
Despite its success, Gala Games faced challenges in November 2022 when an infinite minting glitch was exploited in the Gala Games token bridge, leading to an extraction of approximately $4.5 million from its liquidity pool. Currently, the project is involved in a $28 million litigation with pNetwork, the cross-chain interoperability bridge used by Gala Games on the BNB Smart Chain, over its alleged involvement in the incident. However, this has not slowed Gala’s ambitions to pioneer the future of blockchain gaming, as demonstrated by their latest partnership with PokerGO.