Gala Games is a blockchain gaming platform that uses a play-to-earn model. It aims to “make blockchain games you’ll actually want to play”. It solves the problem of players not owning many of their in-game assets even when they spend hundreds of dollars by giving control to the player and letting them own the items they purchase in-game using blockchain technology. Players can own non-fungible tokens (NFTs) and influence how games are run, developed, and released.
Gala Games was founded by Eric Schiermeyer in 2019. Schiermeyer is known for being the co-founder of Zynga, the popular mobile and social games company. Zynga launched popular games like Farmville, Mafia Wars, and Poker.
Gala Games has a Founder’s Node voting mechanism, an NFT collectible series called VOX, and the GALA native token. So far, Gala has released one playable game: Town Star. Town Star has similar gameplay to Sim City, but players can own the towns that they develop. Gala Games plan to release more games in the future.
What is a Founder’s Node?
Gala Nodes are nodes that support the Gala network. It consists of a triple-proof node system: proof-of-work (PoW), proof-of-stake (PoS), and proof-of-storage.
The Founder’s Node is the backbone of the Gala Games ecosystem. It is a tier-1 Proof-of-Work (PoW) node in the Gala Node network. In addition, there are only 50,000 Founder’s Nodes in existence.
A player with a Founder’s Node has a consensus vote, influencing the development of games, funding, and the operation of the Gala Games platform. Founder’s Nodes can be purchased and downloaded. Players with Founder’s Nodes also earn GALA tokens daily and are further incentivized with a point system. For instance, running a Founder’s Node for 6 hours in a cycle, referrals, and purchases earn players more points.
What is GALA?
The GALA is the native token of the Gala Games. It is non-refundable and cryptographically secured with Ethereum. It is used as a convenient and secure way to pay for items and transfer funds to other players in the Gala Games ecosystem. GALA is also used to pay for the operation of Founder’s Nodes and other Gala Nodes.
There is a maximum supply of 35 billion GALA tokens. Currently, there is about 7 billion GALA in circulation. Around 17 million GALA tokens are distributed daily. Half of the distributed GALA is sent to Founder’s Nodes operators and the remaining half is sent to the Gala Games conservatorship. Also, every July 21, the daily distribution of GALA will be halved.
The GALA token began trading in September 2020.
Why are GALA Games popular?
There are a few reasons why GALA grew over 34,200% in 2021. Blockchain gaming has become more popular due to its play-to-earn model. Gala Games has also launched its first game in November 2021 and opened its license to run Town Star nodes. GALA was also recently added to Coinbase, one of the largest cryptocurrency exchanges in the US.
There are a few reasons why GALA grew over 34,200% in 2021. Blockchain gaming has become more popular due to its play-to-earn model. Gala Games has also launched its first game in November 2021 and opened its license to run Town Star nodes. GALA was also recently added to Coinbase, one of the largest cryptocurrency exchanges in the US.
Sources: Credits for images used are courtesy of: https://app.gala.games/
