GALA

What is GALA?

GALA is an ERC-20 token specifically designed for use within the Gala Games platform, which operates on the Ethereum blockchain. This token serves as a means of exchange among participants within the ecosystem and facilitates the acquisition of various digital assets, including non-fungible tokens (NFTs). The primary objective of the Gala Games project is to establish a gaming environment where players maintain complete ownership of their in-game items. This stands in contrast to the prevailing centralized model, where players often lose their possessions when banned or when platforms cease operations. It is important to note that the NFTs employed in the game are separate entities residing on the Ethereum network and are distinct from Gala Games itself.

---

Recent Video Interview

Main points of the interview:

• Announces interviews with teams from "Last Expedition" and "The Walking Dead Empires."
• Discusses updates: hackathon results, node vote, and upcoming AMA.
• Zach and Brandon from "The Walking Dead Empires" share new game updates, including server reset and tech improvements.
• Discuss seamless building transitions, instanced dungeons, and quality of life improvements.

---

About Gala Games

Gala Games is an innovative gaming platform built on blockchain technology that introduces the concept of play-to-earn. By participating in various games offered by Gala Games, players have the opportunity to earn digital assets as rewards for their in-game achievements. This addresses a significant challenge that gamers have faced in the past, which is the inability to truly own the items they acquire through gameplay.

The platform encompasses a diverse range of game genres, including real-time strategy (RTS), multiplayer online battle arena (MOBA), role-playing games (RPGs), and more. While the gameplay mechanics differ across these titles, one common feature is the rewarding of players with digital assets, which include the GALA cryptocurrency and non-fungible tokens (NFTs).

Gala Games operates on the Ethereum blockchain as its primary infrastructure. However, the platform has also established partnerships with the Polygon network, enabling efficient cross-chain transactions. Additionally, Gala Games has successfully implemented the p.Network Bridge dApp, facilitating token transfers and trading on the BNB Chain while minimizing gas fees for players.

What Makes Gala Games Different?

Gala Games endeavors to simplify the process of introducing gamers to the Web3 world by providing a seamless onboarding experience. Users can easily engage in blockchain transactions by connecting their existing Coinbase or MetaMask wallets, eliminating the need for complex setup procedures. Furthermore, Gala Games offers the convenience of purchasing many in-game items directly with credit cards, making the acquisition process more accessible.

To facilitate the official collections of NFTs, Gala Games collaborates closely with OpenSea, a prominent marketplace for digital assets. All Gala Games NFT collections are conveniently accessible on a dedicated collection page on OpenSea. Since each Gala account corresponds to an Ethereum wallet, players can effortlessly engage in peer-to-peer item trading on OpenSea.

The Gala Games team places great emphasis on community engagement and accessibility. They actively participate in the Discord community, where players and community members are truly heard and valued. This open dialogue approach has been a key element contributing to the success of Gala Games.

Within the Gala Games platform, users have the opportunity to collect NFTs from various games. These in-game NFTs can be utilized for various benefits, boosts, and rewarding experiences within the respective games, or freely traded on the secondary market according to the players' preferences. This ownership and trading capability of in-game items grants players the flexibility to explore and engage with different games without feeling bound, offering them the freedom to enjoy a wider range of gaming experiences.

Gala Games Team Background

Gala Games was established in 2019 by Eric Schiermeyer and Michael McCarthy with the aim of building a gaming ecosystem that grants users complete ownership and authority over their in-game assets. Prior to this venture, Eric served as the Chief Revenue Officer of Intermix Media, the company responsible for MySpace, and was also a co-founder of Zynga, a highly successful company worth seven billion dollars, founded in 2007 with the mission of "connecting the world through games." Meanwhile, Michael previously held the role of Creative Director at Zynga, where he created Farmville 2, a popular game on Facebook. Recognizing the potential of play-to-earn games, the duo seized the opportunity to empower developers to prioritize game quality while maintaining profitability and granting control to the users.

Gala Games Project Development

Gala Games plans to establish a connection between their native cryptocurrency, GALA, and the standard in-game currency. They will introduce GEMs, a non-transferrable in-game currency that can be purchased by players using fiat and credit cards. However, the creation of GEMs will be linked to the burning of GALA tokens, ensuring a continued use for GALA tokens in the future.

Furthermore, Gala Games intends to incorporate play-to-earn tournaments and non-fungible tokens (NFTs) into their mobile games, enhancing the gameplay experience and offering additional opportunities for players to earn rewards.

Gala Games has been developing their own blockchain called GYRI to address the high gas fees on the Ethereum network. They also have plans to launch Gala Music and Gala Film platforms on the Gala network.

GALA Price Analysis

As of November 24 2024 GALA has a marketcap of $1.4B. This is {{percentagefromath}} from its all time high of $0.824837. In terms of its tokenomics, there's a total supply of 40B with 100% currently outstanding. Keep in mind GALA has a fully diluted value of $1.4B which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.