Gala Games (GALA)
What is Gala Games (GALA)?
Gala Games is a blockchain-based play-to-earn gaming platform that rewards players with digital assets for their in-game accomplishments. Gala Games addresses a major shortcoming that video game players have struggled with in the past — the ability to take ownership of items earned through gameplay.
The Gala Games platform includes real-time strategy (RTS), multiplayer online battle arena (MOBA), role-playing game (RPG) titles and more. While gameplay differs considerably between titles, each rewards players with digital assets including the GALA cryptocurrency and non-fungible tokens (NFTs).
Gala Games runs on the Ethereum blockchain. However, the platform has also partnered with the Polygon network and has successfully bridged to BNB Chain with the p.Network Bridge dApp — allowing players to send and trade their tokens at reduced gas fees.
Gala Games’ native token is GALA, an ERC-20 token used for in-game purchases and as a medium of exchange between participants interacting within the Gala Games ecosystem.
Though Gala Games runs on the Ethereum network, the team has announced plans to launch their own autonomous blockchain called Project GYRI, powered by the GALA token.
Gala serves as the medium of exchange, allowing token holders to pay for items and transfer value peer-to-peer within the platform’s ecosystem.
Who created Gala Games?
Eric Schiermeyer and Michael McCarthy created Gala Games in 2019. Schiermeyer, Gala Games’ CEO, worked extensively in digital gaming before joining the blockchain and cryptocurrency space.
Schiermeyer’s tech experience dates back to the early 2000s when he helped establish Myspace, the first social media platform to attain a global reach. In 2007, he co-founded and headed Zynga, the social game development firm behind Zynga Poker, Farmville and Farmville II. He later joined Bee Cave Games as an investor and advisor.
McCarthy, Gala Games’ President of Games, has more than 20 years of experience in the gaming industry. He held leadership positions at Interplay Entertainment and Troika Games before joining Schiermeyer at Zynga, where he served as Creative Director. McCarthy is also the founder of Applied Cinematics.
In December 2021, Gala Games partnered with C² Ventures to launch a $100 million fund to accelerate blockchain gaming development. The joint fund is earmarked for game developers and new blockchain-based gaming projects.
GALA tokens are distributed daily according to a yearly halving schedule — with each new year, the number of tokens distributed each day is cut in half. These tokens are equally distributed between the platform’s Founder’s Node operators and the Gala Games Conservatorship.
How does Gala Games work?
Gala Games presents a variety of blockchain games developed both by their in-house studio and outside partners such as Ember Entertainment, Kung Fu Factory, GAMEDIA, Certain Affinity and 22cans.
Gala Games relies on the following components to deliver play-to-earn games to their followers:
Gala Nodes
A distributed network of computers operates Gala Games, rather than a centralized server controlled by a single entity.
These participants, referred to as nodes, offer computational resources to the Gala Games’ decentralized gaming network in exchange for rewards. Operators of a Founder’s Node work to secure the platform from fraudulent or malicious behavior, validate transactions and generate GALA assets. Nodes are periodically rewarded for their computational effort with GALA tokens and unique NFTs.
Node operators are able to vote on community proposals and help guide ecosystem development. A Gala Node license can be purchased with the GALA token and is required to operate a Gala Node.
Gala Games ecosystem
Gala Games offers a variety of games which continue to attract millions of players to the platform. Popular games include:
Town Star - The first game Gala Games introduced. Players compete to assemble the essential components of a functioning town, such as water points, crops and storage facilities. Winners get a share of the weekly prize pool.
Mirandus - A fantasy role-playing video game where players fight monsters, develop lands and earn rewards for their in-game achievements.
Spider Tanks - A multiplayer online battle arena game where players fight within a range of maps using various armaments.
Fortitude - A player-versus-player (PvP) tower defense game where players apply various strategies to attack other players’ villages and defend their own.
Echoes of Empire - A sci-fi strategy game where players fight over scarce resources distributed throughout the universe.
Gala Games differentiates itself from competitor platforms with the use of the p.Network Bridge application to connect its tokens to the BNB Chain. As such, GALA tokens conform to the BEP-20 token standard, which reduces the costs associated with using or transacting GALA across the Gala Games platform.
Why do GALA tokens have value?
The GALA token has a variety of uses on the Gala Games platform which drives its value among players. Holders of GALA tokens use them as a medium of exchange within the Gala Games ecosystem to transact with other players and buy in-app assets.
The tokens are also used as a player incentivization mechanism. For example, the most active participants on Town Star, the pioneer game on the platform, receive GALA tokens as a reward for reaching milestones.
Value may also be derived from the platform’s strong online community. Gala Games’ large social media following, including its Discord and Twitter channels, have attracted tens of thousands of followers.
Source : KRAKEN
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Cryptocurrency