Gala Games announced that Galaverse will happen between June 6 and June 8 in Copenhagen, Denmark. At the last event in Las Vegas this past December, new projects like Last Expedition, Legacy, and The Walking Dead: Empires were announced. It's easy to speculate that more will be announced in June.
Anyone looking at cryptocurrency prices today will also see that valuations have risen sharply across the board. Gala is up more than most cryptocurrencies, but it's also a $2.4 billion market cap cryptocurrency that's likely to be volatile on even the smallest news. And with $1.9 billion worth of volume today, there's a lot of speculation trading hands.
The announcement today was really just about an event, so this is a lot of speculation for an event. But this does follow last week's announcement of a $5 billion effort to grow in non-fungible tokens (NFTs) for everything from gaming to theme parks. If the effort is successful, this could be a big cryptocurrency, but there are a lot of cryptocurrencies vying for dominance in NFTs and the metaverse, so competition will be fierce.