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Gala Games, the company behind GALA tokens, is a disruptive force in the gaming industry. Harnessing Web3 and blockchain technology, Gala Games aims to redefine the player landscape and break away from the traditional gaming model, granting players unprecedented freedom, control, and rewards.
Poised to challenge mainstream platforms, Gala Games has already established a thriving Web3 gaming ecosystem with its play-to-earn games, in-game assets, and high game quality.
What is Gala Games (GALA)?
Gala Games is a blockchain-based play-to-earn gaming platform that launched in 2019 to tap into the growing adoption of blockchain platforms in the gaming community. Hosting a wide range of game genres, including real-time strategy (RTS), multiplayer online battle arena (MOBA), and role-playing games (RPGs), Gala Games offers players a diverse and unique gaming experience.
Originally operating on the Ethereum blockchain, the Gala Games platform has since expanded to Polygon and BNB Chain and leverages Web3 technology to create a secure, immersive, and accessible gaming environment. One key feature is the ability for players to truly own the items they earn through gameplay, thanks to non-fungible tokens (NFTs).
Players are rewarded for their in-game accomplishments with the GALA token and NFTs. GALA is the native token within Gala Games, used for in-game purchases and as a medium of exchange. It also rewards Founder's Node operators and facilitates transactions in the Gala Store. Additionally, GALA enables governance voting, giving players a say in the platform's future developments.
Gala Games provides a unique opportunity for players to engage in play-to-earn gaming, where they can not only enjoy immersive gameplay but also earn tangible rewards. Gala Games allows players to enter a world where blockchain meets Web3 meets gaming, and ownership is emphasized.
In early 2022, Gala Games expanded its Web3 offering beyond gaming to incorporate Gala Music and Gala Film. Later that year, it launched its “games-first” layer-1 blockchain solution called Project GYRI which bridges to the Ethereum blockchain and uses GALA as gas for all transactions. The collected GALA tokens are burned or distributed to Founder’s Node operators.
Who created Gala Games?
Gala Games was founded in 2019 by Eric Schiermeyer and Michael McCarthy, combining the expertise of gaming industry veterans with a focus on blockchain gaming.
Eric Schiermeyer, the CEO and co-founder of Zynga, brings his digital gaming background, while Michael McCarthy, the President of Games, contributes over 20 years of gaming industry experience.
In 2021, the US-based gaming platform partnered with C² Ventures to create a $100 million fund for blockchain gaming development, allocated to game developers and new blockchain-based gaming projects.
GALA tokens are distributed daily according to its annual halving schedule and shared among Founder's Node operators and the Gala Games Conservatorship. Each year the number of tokens distributed each day is cut in half.
How does Gala work?
Gala Games offers a diverse selection of blockchain games prioritizing gameplay over monetary incentives by relying on two key elements: Gala Nodes and the Gala ecosystem.
The immersive games are created by their in-house studio and award-winning external gaming studios like Ember Entertainment, GAMEDIA, Kung Fu Factory, 22cans, and more. In-game items, such as weapons and skins, can be bought and sold on the Gala Store and OpenSea as NFTs.
Gala Nodes
Instead of a centralized server, Gala Games operates on a distributed network of computers. Participants, known as nodes and owned by users, contribute computational resources to the decentralized gaming network and in turn receive rewards.
There are currently four main types of nodes on the platform:
Game Nodes
Game nodes host gaming servers and are granted special allowances in the games they support, i.e. NFTs.
Founder's Nodes
There are only 50,000 Founders Nodes available and these can be bought using GALA tokens directly through the Gala Games website. These nodes hold governance rights and are able to vote on future developments.
Player Nodes
Users that allow network listeners to share and play music through NFTs.
Film Nodes
Similar to Gala Games Player Nodes, Film Nodes host entertainment and film experiences.
Gala Games Ecosystem
The platform offers a range of engaging blockchain games that have been enjoyed by millions of players. Popular titles include Fortitude, Town Star, and Echoes of Empire. Each game offers unique gameplay and rewards for player achievements as well as distinctive in-game assets.
What is the GALA token?
Built on both the Ethereum blockchain (ERC-20) and BNB Chain (BEP-20), GALA tokens are designed to provide a medium of exchange for all in-game assets and transactions made within the Gala platform. GALA tokens are also used to reward Founder Node operators, as in-game player rewards, and provide governance rights. These tokens can also be used to purchase a license to operate a node.
Gala Token Distribution
The total supply of the GALA token sits at 50 billion. Each day, half of a pre-specified number of GALA tokens are given to Founder's Node operators, and the other half is given to the Gala Games conservatorship for future growth and funding. Each year, this number of tokens is halved.
For example, from July 2022 to July 2023 the Gala Games network planned to distribute 8,561,643 GALA tokens each day. From July 2023 this number will halve.
When GALA is used to buy NFTs in the Gala Games store, that GALA is burned and an equal amount of GALA is then added to a pool for future distribution within the Gala Games ecosystem.
How can I buy the GALA token?
Whether you want to tap into the Gala Games ecosystem or simply diversify your portfolio, you can easily buy or sell the GALA token directly through the Tap app. As a fully licensed and regulated fintech platform, Tap offers a secure means to not only buy and sell but also store and spend your GALA token.
Simply download the app, create an account, and verify your identity (a legal requirement that takes under 5 minutes). Once your account is up and running you can load either crypto or fiat funds and start trading GALA tokens. The platform supports a number of top crypto and fiat currencies, allowing anyone anywhere to tap into the world of streamlined finances.
