GALA
Gala Games is a platform for making play-to-earn games on the blockchain. It is based on Ethereum and the Binance Smart Chain. It's a platform that lets developers (game studios) focus on making high-quality games. At the same time, it assures that the developers are profitable and that players gain control.
It also wants to create a strong gaming ecosystem to help its users. This environment is known as the Gala Games Ecosystem. Additionally, the Gala ecosystem includes a store where users can purchase in-game assets.
Additionally, Gala Games is in the process of developing its own blockchain, GalaChain. It will be the first blockchain specifically designed for developing games. GalaChain will reduce network transaction fees and stabilize it.
Eric Schiermeyer and Michael McCarthy started Gala Games in 2019. They wanted to build a gaming ecosystem that gave users full ownership and control over their in-game assets. The two identified an opportunity in play-to-earn games, which allowed creators to truly focus on game quality while remaining profitable and giving consumers control.
Gala tries to fix a wide variety of problems. In terms of profits, the gaming business has excluded users for a long time. The gaming segment is a multibillion-dollar industry. In the past, gaming enthusiasts invested heavily into the industry but were never able to recover it.
Gala aims to share the billions of dollars generated by gaming platforms with its customers. The network intends to make it possible for you to extract value from gaming ecosystems in the form of NFTs (non-fungible tokens) or other digital assets. You can quit the game ecosystem and trade these items for other popular cryptocurrencies on a number of DEX (decentralized exchanges).
COMPONENTS OF GALA –
Network Nodes - Gala Games plans to operate its gaming ecosystem through its blockchain network called Gala Blockchain. The transfer of Gala on its blockchain is expected to happen somewhere in Q2 of 2022.
This Network is divided into two parts:
1. The Gala Blockchain – built with Founder Nodes
2. The Gala Game Node Network – built with Game Nodes.
A node is a computer system that needs to download Gala Games software. There will be a maximum of 50,000 founder nodes on the network. These founder nodes can produce a blockchain network called the Gala blockchain. This can be this is the entire ecosystem are going to be secured and can stay decentralized.
Sport Nodes are very like the Founder Nodes with the distinction that they’re game-specific nodes. These nodes produce a secondary community to the principle Gala community called Gala Sport Node Community.
Townstar, The Strolling Lifeless: Empires, Mirandus, Legacy, Echos of Empire.
GALA is a utility token that has the following use cases:
Gamers on the Gala Games network can spend the coin to purchase products, upgrades, and other in-game assets.
Large holders of the coin can take part in governance discussions and votes, giving their opinions about the platform's protocols.
Players in the blockchain gaming ecosystem utilize the coin as a store of value because of their trust in its progress.
In total, there are 50 billion GALA tokens. Nearly 7 billion GALA are currently in circulation.
According to the official GALA documentation, a total of 17,123,286 GALA were distributed on a daily basis, half to the Gala Games conservatory and half to the founder’s node operators.
GALA token’s contract addresses will be found on each Etherscan and BscScan.
DATE | NEWS/EVENTS | IMPACT |
18/11/2022 | The metaverse craze has skyrocketed the gaming and metaverse crypto assets | +225% Increase |
07/11/2022 | Leak of private key on GitHub led to GALA token exploit | -29% Decrease |
01/02/2022 | Several new popular games are going to be launched on the Gala | +77% Increase
|
13/09/2021 | Gala Games (GALA) surges quickly following Binance's listing announcement | +455% Increase |
In our opinion, the project has several benefits and some limitations. However, the advantages are more than its limitations. Ultimately, what a gaming project needs is adoption through players, which Gala Games definitely has.
Therefore, in our understanding, the project contains a potential upside in the coming quarters when a number of different games will be up and running.
