The popularity of blockchain technology has greatly influenced the gaming world. A series of blockchain game projects were born to give players the ability to control their own games without having to go through a publisher. Gala Games is also one of the highly anticipated blockchain-based games. Let’s learn about What is Gala Games in today’s article.
What is Gala Games in Details?
Gala Games is a GameFi platform that aims to build an ecosystem of blockchain games. Gala Games’ goal is to take the gaming industry in a completely different direction than it is now.
Gala Games is not a single game, it offers a wide range of different games. So far, Gala Games has only released an official game on the ecosystem – Town Star and an NFT collection – VOX.
Gala Games owns an official NFT Marketplace, which supports all items in all games of this ecosystem. These items are divided into six categories by rarity, including: Common, Uncommon, Rare, Epic, Legendary, and Ancient. Thanks to the integration with CoinPayments, users can trade items in various cryptocurrencies.
Since its launch in 2019, Gala Games has had 1.3 million monthly active users and 26,000 NFTs sold, with the most expensive product worth $3 million.
Top Gala Games Highlights
Thanks to blockchain technology, players on the Gala Games platform are allowed to own, exchange, buy and sell items or give away items to other players whenever they want.
Gala Game items are represented by NFT and are built on top of the Ethereum blockchain, so they are not completely dependent on Gala Games. Even if the player is banned from the game, they still have full ownership of the purchased item. In particular, these NFTs can still be used in other games if a company decides to integrate that NFT into their game.
The orientation of Gala Games is not only to develop the project as a regular blockchain game, but also to collect experiences and feedback from users. Building a new community is the biggest goal of Gala Games.
To demonstrate this, everything in the Gala Games ecosystem depends on the player Nodes that own them. Simply put, the platform is supported by users, anyone has the right to participate to operate the games in Gala Games.
How Does Gala Games Work?
Gala Games is a bit like the Steam store or GOG, in that it has a lot of games for users to choose and play. However, unlike these stores, all games are 100% free to play and accessed via the blockchain through a decentralized application (DApp).
So far, Gala Games is working on a total of five different games – they are:
- Mirandus: An epic fantasy RPG adventure where players battle monsters in various locations and build their lands to earn revenue.
- Spider Tank: Spider Tank is a massively multiplayer online battle arena (MOBA) game that allows players to defeat it across multiple maps using the spider Tank and their various weapons.
- Town Star: A town building and development game that allows players from around the world to compete for NFTs.
- Fortified: A PvP tower defense game that sees players put their strategies to the test using a variety of player-owned assets.
- Echoes of Empire: An epic sci-fi strategy game that sees players wage war for scarce resources scattered across the universe.
Players will also find an official NFT store, which supports all player-owned in-game assets. These items are divided into six rare categories: Common, Uncommon, Rare, Epic, Legendary, and Ancient, and can be bought or sold for a variety of cryptocurrencies, thanks to the integration with CoinPayments.
GALA Token
GALA is the utility token of the Gala Games ecosystem and is used as
- As a reward for Gala Nodes.
- System administration and rewards in platform games.
- Buy items and NFTs in the Gala shop.
Basic information about GALA Token
- Token name: Gala token
- Ticker: GALA
- Blockchain: Ethereum
- Standard Token: ERC-20
- Token type: Utility token
- Contract address: 0x15d4c048f83bd7e37d49ea4c83a07267ec4203da
- Total Supply: 50,000,000,000 GALA
Token Allocation
GALA has a fixed maximum supply of 50 billion units. Of these, nearly 7 billion GALA are currently in circulation. This number represents ~14 % of the total maximum.
According to the official GALA documentation, a total of 17,123,286 GALA are distributed per day – half of which goes to the founders’ Node operators, while the other half is managed by Gala Games.
Similar to Bitcoin and many other cryptocurrencies, Gala Games includes a halving cycle in its emissions schedule. Emissions halve each year on July 21. The next halving is scheduled for July 21, 2022, which will see the emission rate drop to 8,561,643 GALA per day.
Gala games project team
The two-year-old Gala, founded by Zynga Inc. co-founder Eric Schiermeyer, is building a platform that allows players to own any in-game item and non-fungible token or NFT without them buying or earning, a decentralized way The ecosystem also gives them a say in game development, according to the company.
Investors of Gala games (GALA Coin)
Blockchain gaming company Gala Games has received funding from Binance Smart Chain’s $100 million Binance Accelerator.
In addition to funding, Gala will use Binance Smart Chain – a blockchain launched in 2020 by global crypto exchange Binance Holdings Ltd. as a place to develop more sophisticated decentralized applications – to give players more options to manage their assets.
Summary
Gala Games is a platform that provides games running on Gala’s blockchain service. In order to provide the best user experience, GALA has evolved from Ethereum and migrated to the Binance Smart chain. Gala Network is run and managed by the community which is a decentralized network and where games have their own environment in which to launch their projects.
After being listed on Binance, the GALA token has made a significant jump and is currently experiencing a slight correction. Despite such potential, in recent years GALA has also had a hot growth. This means that the risk of the following investment always exists.
