The blockchain gaming market is an exciting and highly promising sector within the cryptocurrency industry. To attract more users, game store platforms like Steam are rapidly evolving, and Gala Games is at the forefront in this blockchain arena. What makes Gala Games stand out ? Join us as we delve into this Web3 Steam-standard platform in the following article!
Table of Contents
What is Gala Games ?
Gala Games is a blockchain-based gaming platform that facilitates online gaming experiences and participation. Uniquely, it offers players the opportunity to earn money and other digital assets through its characteristic Play-to-Earn model common in blockchain games.
Key Features of Gala Games:
- Blockchain-based games: Gala Games offers a variety of blockchain-based games, allowing players to engage in unique gameplay and profit from buying and selling digital assets during play.
- GALA Token: This is the primary token of the Gala ecosystem, used for in-game transactions, rewarding players, and as a means of exchange among community members.
- True ownership: Gala Games provides an environment where players have complete ownership and control over their in-game assets, such as items, land, or characters.
- NFT Marketplace: The Gala ecosystem incorporates NFT technology to create exclusive digital assets, enabling players to participate in the digital asset trading market.
- Fairness: Gala Games is committed to ensuring fairness in gameplay by using blockchain technology to create a transparent and secure gaming environment.
- Community and interaction: Gala fosters a strong community of players and developers, encouraging interaction and information sharing among its members.
Other Products from Gala Games
Gala Music
Gala Music is a decentralized platform built on GalaChain, utilizing blockchain technology to empower artists with control over their music, while offering listeners and fans a more engaging experience. This platform directly connects fans with musicians, branded merchandise, and other exclusive access rights.
Gala Film
Gala Film is a part of the Gala ecosystem, focusing on the film and television industry. It aims to support emerging filmmakers and establish a balanced economy among stakeholders such as producers, actors, and fans. Gala Film is dedicated to creating opportunities for filmmakers to access resources and audiences, and to devise ways to reward their early supporters.
GalaChain
GalaChain is a Layer 1 blockchain designed to empower creators to excel in what they do best, such as developing engaging content. GalaChain’s blockchain solutions provide developers with the essential tools and support needed to make their projects more accessible to the Web3 audience.
Basic Information about the GALA Token
Basic parameters of GALA token
Tokenomics of GALA
- Allocation: The project did not have any pre-distribution or initial allocation of GALA tokens. Instead, 100% were distributed to the Founder’s Nodes, which are the primary servers that power the Gala Games network. However, in May 2023, approximately 20.9 billion GALA tokens were burned, reflecting a commitment to long-term sustainability.
- Release Schedule: Gala Games employs a halving model. Initially, a fixed amount of GALA is distributed daily to the Founder’s Nodes and the Gala Games Conservatorship. However, this amount is halved each year, aiming to control the influx of new GALA tokens into the ecosystem.
- Burning Mechanism: Notably, some GALA tokens used for transactions within the Gala Games ecosystem are burned. This helps reduce the total circulating supply of GALA, potentially impacting its value over time.
Uses of GALA token
- In-game Purchasing: GALA enables players to purchase a variety of items and assets within Gala Games’ blockchain-based games. GALA tokens serve as the primary medium of exchange, allowing players to personalize their gaming experience and optimize their gameplay through strategic transactions.
- Events: Gala Games regularly organizes events, challenges, and competitions where players can earn GALA tokens as rewards for achieving milestones, completing objectives, or demonstrating their skills. These events not only encourage player engagement but also foster a sense of teamwork and competition within the community, enhancing enthusiasm and commitment to Gala Games’ products.
- Governance: GALA token holders play a critical role in governing the Gala Games ecosystem through decentralized governance mechanisms. By staking GALA tokens, users gain voting rights to participate in governance proposals, platform upgrades, and strategic decisions that influence the future direction of Gala Games. This democratic approach ensures that the community has a voice in shaping the platform’s progression and promotes transparency and accountability in decision-making.
- Staking: GALA token holders have the opportunity to stake their tokens in various liquidity pools or yield farming pools within the Gala Games ecosystem to earn rewards in GALA tokens or other digital assets. This provides a chance for passive income and encourages long-term participation and investment.
Where to buy/sell GALA tokens?
Currently, users can buy GALA tokens on exchanges such as: Binance, MEXC, OKX, Bingx, Gate.io
Development Roadmap for Gala Games
Currently, Gala Games has not yet released specific details about their development roadmap for 2024. Updates will be provided as soon as the latest information becomes available from the project.
The Core Development Team of the Project
Currently, Gala Games has not yet disclosed detailed information about their development team other than Eric Schiermeyer, who is a co-founder of the project. Updates will be provided as soon as the latest information becomes available from the project.
Eric Schiermeyer: He is one of the co-founders of Gala Games and currently serves as its CEO. He also holds advisory roles at Thumbraise and has previous advisory experience at Snipfeed. Prior to this, Eric co-founded Rival and served as its CMO. Additionally, he is an angel investor and was an executive at Zynga, overseeing game strategy and product management.
Investors in the Project
