• About
  • FAQ
  • Contact Us
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • News
  • Market
  • Analysis
  • DeFi & NFTs
  • Guides
  • Tools
  • Flash
  • Insights
  • Subscribe
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • News
  • Market
  • Analysis
  • DeFi & NFTs
  • Guides
  • Tools
  • Flash
  • Insights
  • Subscribe
No Result
View All Result
Crypto News
No Result
View All Result
Home News

GameFi Tokens Show Signs of Life After Gala Games, White House Tie-Up

admin by admin
April 27, 2025
in News
0
GameFi Tokens Show Signs of Life After Gala Games, White House Tie-Up
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter



Gaming tokens have seemingly been on the sidelines since the 2021 crypto boom. In fact, data from SoSoValue shows that they were the worst-performing crypto basket over the last 12-month period, enduring a 62% drop in the period, compared to a 174% rise on PayFi tokens.

However, under the Trump administration’s crypto-friendly stance, it might be changing.

Gala Games—a blockchain-based gaming platform—says it became the first crypto gaming company to partner with the White House, bringing a Web3 game Easter Egg Hunt to the 2025 Easter Egg Roll. White House official X’s account also mentioned on the social media platform about the tie-up amid a plethora of other collaborations with tech giants.

The GALA token has risen roughly 18% since the announcement, GameFi tokens went up 13%, and the broader crypto market, as measured by the CoinDesk 20 (CD20) index, rose 8%.

User engagement

The effort aimed to introduce blockchain to families without overwhelming them.

The game, hosted at easter.gala.games, offered a “free and simple” experience where players collected virtual eggs to win unique non-fungible tokens (NFTs) stored on GalaChain, Gala’s proprietary Layer 1 blockchain, the company said in an announcement shared with CoinDesk.

Players were able to log in, explore, and collect eggs without needing a crypto wallet experience, Gala Games said. Every NFT reward was stored on GalaChain, hinting at future use across Gala’s entertainment projects, including Gala Music and Gala Film.

The Web3 gaming firm told CoinDesk that over 300,000 games have been played since the event launched, with about 100,000 new accounts created. Roughly 17% of participants went on to explore Gala’s other projects, suggesting real user engagement beyond the Easter event.

The project, founded in 2019 by Zynga co-founder Eric Schiermeyer, has been laying the groundwork for broader adoption through partnerships with DreamWorks Animation, NBCUniversal, and collaborations with artists like Snoop Dogg. Earlier this month, Gala Film announced a partnership with LG Electronics to bring Web3 entertainment to TVs, and the company hinted it is working with a government agency on transparency efforts.

Industry reaction

The Easter game marks a real-world test for the project and the broader GameFi sector.

When asked about the lead-up to the event, Schiermeyer shared that the project has been focusing on the high-level tie-up. “We have a team dedicated to government outreach,” they said. “I also spent time at Mar-a-Lago and spoke with the President. But mainly we wanted to help make the event more fun, and I think that sentiment was well received.”

Industry reactions were mixed. Some praised the visibility, while others pointed out that more work is needed for the mass adoption of the GameFi industry.

Jack O’Holleran, CEO of SKALE Labs, told CoinDesk that GameFi has never stopped expanding, but its issue has been visibility instead. The technology, on top of that, has matured. “In the past, you needed to manage your own crypto wallets and pay high gas fees just to play,” he said. “Now, gas-free blockchains and seamless onboarding remove those barriers.”

“Functional values and utility that blockchain brings to gaming cannot be suppressed for much longer,” he added.

Still, a broader adoption of the GameFi sector will require further meaningful collaboration with mainstream gaming outlets. This could potentially open the “floodgates,” O’Holleran added, as player bases for the traditional gaming sector are far beyond the crypto sector’s user count. If so, the “floodgates will be open.”

Meanwhile, Mitja Goroshevsky, co-founder of Gosh, praised the visibility of Gala Games and the GameFi sector via the White House tie-up but warned that the industry must still solve its identity crisis.

“It’s caught between being about gaming and being about trading,” he said.

“Until blockchain games introduce fundamentally new experiences, government partnerships alone won’t drive mass adoption.”




#GameFi #Tokens #Show #Signs #Life #Gala #Games #White #House #TieUp

Related articles

Centrifuge Expands Tokenized Assets to Solana Starting With 0M Treasury Fund

Centrifuge Expands Tokenized Assets to Solana Starting With $400M Treasury Fund

May 22, 2025
OpenAI plans to ship 100 million pocket-sized AI devices for everyday use

OpenAI plans to ship 100 million pocket-sized AI devices for everyday use

May 22, 2025
Tags: Galagala-gamesGameFiGamesHouseLifeShowsignsTieUpTokensWhitewhite-house
Share76Tweet47

Related Posts

Centrifuge Expands Tokenized Assets to Solana Starting With 0M Treasury Fund

Centrifuge Expands Tokenized Assets to Solana Starting With $400M Treasury Fund

by admin
May 22, 2025
0

Tokenized asset platform Centrifuge said it's expanding services on the Solana blockchain, starting with the $400 million tokenized U.S. Treasury...

OpenAI plans to ship 100 million pocket-sized AI devices for everyday use

OpenAI plans to ship 100 million pocket-sized AI devices for everyday use

by admin
May 22, 2025
0

OpenAI is planning to develop AI “companion” devices that will integrate artificial intelligence capabilities with everyday life, potentially opening the...

BlockTrust IRA Brings Quant Trading Tools to Crypto Retirement Accounts

BlockTrust IRA Brings Quant Trading Tools to Crypto Retirement Accounts

by admin
May 22, 2025
0

As spot bitcoin exchange-traded funds continue to grow and Wall Street wades deeper into crypto, more and more people are...

Sui validators freeze majority of stolen funds in 0M Cetus hack

Sui validators freeze majority of stolen funds in $220M Cetus hack

by admin
May 22, 2025
0

Cetus, a decentralized crypto exchange (DEX) built atop the Sui blockchain network, said $162 million of over $220 million stolen...

How 0M Coinbase Breach Exposes Crypto’s Dark Side

How $400M Coinbase Breach Exposes Crypto’s Dark Side

by admin
May 22, 2025
0

Last week's highly organized breach of cryptocurrency exchange Coinbase (COIN) left behind more questions than answers.While some hailed Coinbase's response...

Load More
  • Trending
  • Comments
  • Latest
Bitcoin and Ethereum Stuck in Range, DOGE and XRP Gain

Bitcoin and Ethereum Stuck in Range, DOGE and XRP Gain

April 25, 2025
Saylor says Warren Buffett’s Berkshire Hathaway is Bitcoin of 20th century – Deep Insight

Saylor says Warren Buffett’s Berkshire Hathaway is Bitcoin of 20th century – Deep Insight

May 7, 2025
Amazon CEO on Crypto and NFTs, EPNS to Expand Beyond Ethereum + More News

Amazon CEO on Crypto and NFTs, EPNS to Expand Beyond Ethereum + More News

April 25, 2025
Why DeFi agents need a private brain

Why DeFi agents need a private brain

May 4, 2025
US Commodities Regulator Beefs Up Bitcoin Futures Review

US Commodities Regulator Beefs Up Bitcoin Futures Review

0
Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0
India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0
Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: 5.55

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
Bitcoin Options Open Interest Spikes to Record High as Traders Target 6K

Bitcoin Options Open Interest Spikes to Record High as Traders Target $116K

May 22, 2025
Centrifuge Expands Tokenized Assets to Solana Starting With 0M Treasury Fund

Centrifuge Expands Tokenized Assets to Solana Starting With $400M Treasury Fund

May 22, 2025
Active DeFi loans hit all-time high at .7B as TVL nears pre-tariff levels

Active DeFi loans hit all-time high at $23.7B as TVL nears pre-tariff levels

May 22, 2025
‘Orgy of Corruption’: Senators Slam Trump Crypto Dinner, Demand Info on Attendees

‘Orgy of Corruption’: Senators Slam Trump Crypto Dinner, Demand Info on Attendees

May 22, 2025
  • About
  • FAQ
  • Contact Us
Call us: +1 23456 JEG THEME

© 2025 Btc04.com

No Result
View All Result
  • Home
  • News
  • Market
  • Analysis
  • DeFi & NFTs
  • Guides
  • Tools
  • Flash
  • Insights
  • Subscribe
  • Contact Us

© 2025 Btc04.com