GameFi developer Gala Games to launch Web3 poker platform with PokerGO

On May 22, GameFi task Gala Games announced that it has partnered with Las Vegas poker streaming level PokerGO to motorboat a caller Web3 societal poker game. Dubbed PokerGO Play, users volition person the quality to heighten and upgrade their players successful summation to redeeming real-world prizes. PokerGO is scheduled for beta investigating successful June, with the afloat merchandise being disposable aboriginal this year.

In May 2022, PokerGO released its 1,326 Genesis nonfungible tokens (NFT) postulation representing each of the imaginable starting manus combinations successful Texas Hold’em. The collection has astir 52 Ether (ETH) successful cumulative measurement traded with a level terms of 0.1 ETH. At the time, perks for NFT holders included but weren’t constricted to “chances to triumph cash, memorabilia, and merchandise erstwhile their manus appears successful winning moments.“ As portion of the May 22 announcement, developers wrote:

“PokerGO Genesis NFT holders volition person beneficial presumption wrong the game, and the 2 sides program to big peculiar events wrong the PokerGO Studio successful Las Vegas.“

Gala is the developer down a bid of Ethereum-based play-to-earn blockchain games. On May 18, Gala developers announced that it had burned implicit 21 cardinal Gala (GALA) tokens worthy astir $640 cardinal aft the protocol’s v2 airdrop. Previously successful Dec. 2021, the decentralized Ethereum online poker level Virtue Gaming launched a integer poker casino utilizing cryptocurrencies and a play-to-earn model. The level is backed by World Poker Tour champion and poker personage Phil Ivey.

In November 2022, the Gala Games token span was exploited via an infinite minting glitch that extracted an estimated $4.5 cardinal from its liquidity pool. The task is presently undergoing a $28 cardinal litigation with pNetwork, the cross-chain interoperability span utilized by Gala Games connected the BNB Smart Chain, implicit the latter’s alleged engagement successful the incident.

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