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Flare Integrates NFT Gaming Startup Gala While Its First DeFi Announces Public Beta

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Mon, 02/01/2021 - 13:21
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Vladislav Sopov
Flare blockchain, much-anticipated smart contracts platform, will break into NFT race with recently disclosed integration
Flare Integrates NFT Gaming Startup Gala While Its First DeFi Announces Public Beta
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Flare Networks, a soon-to-be-released Ethereum-compatible programmatic blockchain, has announced its first real-world integration. It will host non-fungible tokens by Gala's games natively to advance the decentralized gaming experience.

NFTs by Gala Games will go live on Flare

According to the official announcement by the Flare team, it has partnered with Gala Games, a decentralized gaming startup by Eric Schiermeyer, the co-founder of Zynga. Flare will be a platform for minting and transferring the in-game assets of Gala's products.

Flare grasps into NFT turf
Image via Twitter 

The key point of the new integration is the decentralized character of Flare-based NFT mechanisms. Only gamers will be able to control these assets and buy and sell them, as well as use them as collateral for loans.

Flare Networks stresses that this integration opens new opportunities for gamers to earn with their hobby. Also, this integration is treated by Flare as a "major new use case for DeFi."

As covered by U.Today, Flare Networks made headlines this week by adding Dogecoin (DOGE) as its third F-asset beside XRP and Litecoin (LTC).

Related
XRP Fork Flare Integrates Dogecoin, DOGE Pumps 55%

After this integration, the Dogecoin (DOGE) price started its fascinating 1,000 percent run.

Flare Finance announces the start of public beta

Meanwhile, the pioneering decentralized financial ecosystem for Flare, Flare Finance, reported that its closed beta testing has successfully ended. As a result, the public stage of beta testing of Flare Finance products is on the menu.

Flare Finance closes first testnet
Image via Twitter

While the exact time frameworks for Flare Finance's public beta are still to be announced, its team is sure that the release will come "sooner than you think."

Related
XRP Fork Flare Integrates Dogecoin, DOGE Pumps 55%

As covered by U.Today previously, Flare Finance started its closed beta in December 2020. More than 1,000 Flare Finance enthusiasts were onboarded by its team as testers.

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About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)