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Home»TRADING NEWS»VGX Foundation and Gala Games join forces to develop new Web3-enabled games
TRADING NEWS

VGX Foundation and Gala Games join forces to develop new Web3-enabled games

By Crypto FlexsFebruary 5, 20242 Mins Read
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VGX Foundation and Gala Games join forces to develop new Web3-enabled games
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George Town, Cayman Islands, February 4, 2024, Chainwire

The VGX Foundation, a Cayman Islands-based foundation company, today announced that it is collaborating with Gala Games to integrate VGX, a token previously used by now-defunct cryptocurrency brokerage Voyager Digital, into VGX-only gaming titles. This integration will be the basis for reward tokens used to earn in-game items and unlock engagement opportunities.

Following the 2022 collapse and subsequent bankruptcy filing and Voyager Digital’s liquidation in January 2023, the company’s assets were sold or liquidated. Although the VGX Foundation has not acquired any VGX tokens, there are currently over 278 million VGX tokens in circulation.

With the newly released GalaChain SDK, developers can now test, invoke, and deploy chaincode on GalaChain. After integration, gamers will be able to earn VGX-based rewards for in-game achievements within VGX-related titles by purchasing a season pass from Gala Games.

“The VGX Foundation is excited to work with Gala Games to provide new opportunities for gamers,” said Claire Abrehart, Director of VGX (BVI) Ltd.

About VGX

The VGX Foundation is leading the evolution of the decentralized gaming economy through VGX, a dynamic blockchain-based gaming token. Serving as an in-game currency and rewards mechanism, VGX empowers diverse gaming communities. The VGX Foundation actively fosters growth by facilitating grants and partnerships for game developers and platforms, expanding token use cases, and fostering a thriving VGX ecosystem.

contact

Director of VGX (BVI) Ltd
Claire Abrehart
VGX Foundation
vgxfoundation@protonmail.com

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