Injective, a prominent Layer-1 blockchain for decentralized finance (DeFi) applications, has announced its partnership with DEGA, a leading game builder platform. This collaboration marks Injective's expansion into the rapidly growing Web3 gaming ecosystem, with the aim of diversifying its offerings and fostering innovation.

Through this partnership, Injective will leverage DEGA's ecosystem to launch its next phase of development, focusing on Web3 gaming. DEGA's expertise in game development and publishing will enable Injective to tap into the vast potential of the Web3 gaming market, projected to reach $133 billion by 2033.

The partnership will also benefit Injective's community, with initiatives such as airdrops, tournaments, and ambassador events. Additionally, DEGA has announced the reactivation of its "Great Benediction" program, which will run from June 26 to July 3, 2024.

Injective's strategic move into Web3 gaming aligns with its vision of financial inclusion, ease of use, and artificial intelligence. By collaborating with DEGA, Injective aims to create a seamless and engaging experience for gamers and developers alike.

In other news, Circle CEO Jeremy Allaire has expressed his optimism about the future of crypto, stating that he is "insanely bullish" about its potential. Allaire believes that crypto is still in its early stages of adoption and that its growth will be driven by open networks, open protocols, and open software.

Meanwhile, a US judge has ruled that Meta must face a lawsuit over Facebook crypto ads, which featured a billionaire Australian mining tycoon endorsing fake crypto projects. The lawsuit alleges that Meta profited from these ads and failed to operate in a commercially reasonable manner.

Overall, the crypto space is witnessing significant developments, from strategic partnerships to legal battles, shaping the future of this rapidly evolving industry.