Core Insights - GalaChain has become the first foreign blockchain to collaborate with China's Trusted Copyright Chain (TCC), providing access to approximately 600 million players in the world's largest gaming market for non-fungible tokens (NFTs) [1][4] - A strategic partnership has been established between Gala Games and Shrapnel to develop a large first-person shooter (FPS) game targeting over 600 million Chinese players [1][4] - The development of a cross-border bridge will comply with Chinese laws and regulations, ensuring a compliant pathway for NFT registration within China [4][6] Company Developments - Gala Games' CEO Eric Schiermeyer expressed pride in integrating GalaChain with TCC, enhancing connectivity between players across the Pacific [3] - Neon Machine's CEO Ken Rossman highlighted the partnership's role in providing true ownership of in-game assets for millions of players globally, fostering a player-driven economic ecosystem [3] - Shrapnel is transitioning its entire economic ecosystem from Avalanche to GalaChain, benefiting from faster transaction finality and lower gas fees [4][7] Economic Implications - The flow of Shrapnel assets between China and other regions will consume $GALA, with a dashboard tracking usage [4] - Shrapnel may allocate up to 10% of its revenue from the Chinese market for regular buybacks of $SHRAP to support ecosystem health [4] - Community engagement initiatives include free commemorative bridge badge NFTs for Gala wallet users and Neon players, incentivizing participation [4] Regulatory Context - TCC serves as a national blockchain for registering and trading authorized digital assets in China, ensuring compliance with local regulations [6] - The partnership aims to create a reliable digital infrastructure for asset certification, distribution, trading, and protection in the gaming industry [1][4]

WEB3 GAMING JUST LEVELED UP!Shrapnel is leaving Avalanche for GalaChain as they're partnering with China’s gov-backed blockchain to onboard 600M gamers.Shrapnel will use 10% of China revenue to buy back $SHRAP.@GoGalaGames and @Benefactor0101 are quite literally changing the landscape here, and finally, we’re seeing something exciting coming from Web3 gaming.Massive move for Web3.Gala Games (@GoGalaGames):🧵 @GoGalaGames through monumental partnership with @playSHRAPNEL, secures access to China's Trusted Cop ...