Last Updated: 21/02/2022
Official Website: https://app.gala.games/
Combining NFT gaming alongside DeFi applications, the Gala Games Ecosystem is designed to give participants true control and ownership of their in-game assets and administrative options. Gala (GALA) is the native utility token on the blockchain based game, which unlike traditional gaming platforms, allows is players to exchange reward bonuses across different games and networks, and to even sell or trade into other cryptoassets or currencies.
On a mission to build “blockchain games you’ll actually want to play,” the appeal for players is its ability to accrue funds and in-game products that is in their custody, rather than limited to only their account and gaming landscape.
A decentralised GameFi solution, GALA is a play-to-earn network, attempting to reshape the way users and players earn and retain in-game profits and rewards. Interoperable with multiple decentralised exchanges, Gala’s digital asset marketplace and non-fungible tokens allow users to take control of their earnings. Built originally on the Ethereum (ETH) network and now compatible on the Binance Smart Chain (BSC), Gala intends to release the most interactive metaverse and gaming experiences powered by blockchain technology.
A recent new component that the Gala Team are implementing is its own custom sidechain, GalaChain (Project GYRI). A 4th generation network, GalaChain is developed to support all DeFi facilities, including minting NFTs and staking them and to prevent congestion often experienced on the Ethereum network.
The platform implements nodes that govern and secure the Gala ecosystem. There is a maximum of 50,000 actors who are referred to as ‘Founder’s Nodes’, who are tasked with completing transactions and verifying the network’s status. In return, these participants can receive NFTs and GALA tokens as part of their reward program.
While the Gala organisation have not published a road map, multiple developments are regularly posted about on their Social Channels. Some of the most recent announcements involve their planned reshaping of the ecosystem in general, addressing their current “paid” and “free” node model. As Nodes are required to be running 24/7, the current protocol infrastructure may not enable maximum efficiency and functionality, and for this reason, are exploring options in the future for ‘leased’ or ‘rented’ nodes.
Independent publishers also need to receive greater freedom and strategies that the current monolithic node model reveals limitations in. As part of their solution, GALA plan to release a new ‘Game Specific Node’ model, that deliver a purpose-built and specific governance contribution for in-game network stability.
The Gala (GALA) project has received a lot of attention as part of the crypto and NFT movement into the metaverse. This has prompted significant collaborations and has translated into major support from investors, most notably C2 Ventures who partnered with Gala Games to form a $100 million USD fund pool to advance the play-to-earn gaming market.
In addition, GALA also collaborated with Brave, the organisation behind the privacy-focused Brave Software web browser to team up and further enhance their fantasy RPG game Mirandus. Gala Games will support Basic Attention Tokens (BAT) to purchase in-game assets in its Mirandus marketplace, and even offered a 25% promotion for utilising the BAT token on their platform.
“Anything that you thought was digital that you thought you owned but didn’t really own — that’s what’s about to be revolutionised.”
Eric Schiermeyer is the CEO at Gala Games and one of the Co-Founders at Zynga, a global mobile gaming development and design company. Eric is the former CEO of Intermix Media, the company behind Myspace. Announcing that in-game ownership is to be ‘revolutionised’, Schiermeyer has a long-standing background in some of the most pioneering gaming technology and played a significant role in building Poker, Mafia Wars and Farmville.
The second co-founder and present Studio Director for the Gala Games Ecosystem is Michael McCarthy, who was previously the Game Director at Sandbox Games. McCarthy also has experience with Zynga as their Creative Director and was involved in creating the game Farmville.
Gala (GALA) tokens are built on the Ethereum network and can be stored in any wallet compatible with Ethereum-based ERC-20 tokens. Options to keep your GALA secure and offline can therefore include the leading hardware wallet providers Ledger and Trezor.
For a more convenient and accessible option, the mobile web wallet ZenGo is popular for storing in-game and metaverse tokens, including GALA, MANA and The Sandbox. A non-custodial wallet that stores your private keys, ZenGo may be the right choice for those managing their portfolios on a daily basis.
You can Buy & Gala (GALA) by heading over to the Buy Coins page of our website. Gala (GALA) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying Gala (GALA) has never been easier, simply place your order and provide your wallet address. Once your payment arrives Gala (GALA) will be sent directly to your wallet.
If you choose to Sell Gala (GALA) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on the Sell Coins page.
Environmental Infrastrucutre: https://app.gala.games/environmentalimpact
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.