Gala

What is GALA and how Does It Work?

Gala Games employs Web3 technology to streamline the introduction for gamers not yet accustomed to the Web3 setting by making use of existing digital wallets. Within the Gala realm, participants have the ability to collect game NFTs from a range of Gala platform games, enhancing the possibility to acquire in-game enhancements, perks, and rewards. Gala Games employs its native token, GALA, which has its uses for transacting on the Gala blockchain. Above all, it is noted how GALA is used as a way to acquire NFTs in the Gala Games store, with used GALA burnt in the process. As an aspect of the Ethereum blockchain, GALA plays a role within Gala Games, aiding in the promotion of free-to-play games that offer possession chances. Notable games include Battlestar Galactica Eternity, a 4X strategy MMO that harnesses this blockchain. Further offerings consist of Drifter, a personal shooter incorporating NFTs, Ember Entertainment's The Walking Dead: Empires, and Fuzzles, AI companion NFTs. On top of this, Fortitude, a tower defense strategy game also leverages Web3 technology. The presence of Web3 blockchain in these games provides participants with an experience of ownership and influence.

The Vision and Mission Behind GALA

Gala Games, established by Eric Schiermeyer, is an organization centered on Web3 gaming and entertainment. Their team of game developers is committed to developing a platform for AAA-quality games, offering players freedom and control through their decentralized network. Gala Games is investing its expertise into the development of games like Mirandus, a Web3 MMORPG, ensuring a compelling gaming experience within a vast fantasy world. Additionally, the company shows interest in promoting blockchain integration and enhancing its influence in the gaming sector. They aim to incorporate a social aspect and develop an innovative social media network embedded with Web3 ownership. Gala Games has partnerships with known names such as Dreamworks' Trolls and AMC's Walking Dead, and is venturing into a generative avatar project named VOX. As part of its expansion, Gala Games broadened their range of services with Gala Music and Gala Film, maintaining its dedication to delivering excellence through blockchain.

How to Buy and Store GALA?

To purchase GALA, Flooz.xyz offers a streamlined process. Flooz.xyz offers a one-stop solution to buy GALA, using a smooth checkout, without the need to own a wallet. Tap tap go! All payment methods are supported. Using Flooz self-custodial web wallet, you ensure seamless GALA transactions, including storing, sending, and receiving tokens. You can create a self-custodial wallet directly on Flooz using your email, Google, and Apple ID in a matter of seconds. This seamless and optimized trading experience has captivated over 85,000 active traders on Flooz.xyz. This also ensures that you have access over your funds at all times, thanks to the power of cryptography. Flooz.xyz aggregates more than 50+ providers to ensure you with the fastest and cheapest payment routes for your GALA trades.

GALA Metrics:

• Current price: $0.0251

• Market cap: $924.45 M

• All-time high: $0.82 (Nov 26, 2021)

• All-time low: $0 (Dec 28, 2020)

• Daily trading volume: $237.8 k

Exploring GALA Financial Mechanics

The GALA token can be utilized to trade Gala Games items and transfer them within the network. These items come from Gala Games' suite, for instance, Town Star, Mirandus, Expedition, and Walking Dead: Empires, which were built in partnership with external gaming studios. Selected offerings in the Gala Node Ecosystem are Meow Match, a matching 3 game centered around a cat collection theme, and Fight Team Life, an FPS game bolstered by GalaChain servers offering real ownership.

Over time, the distribution of GALA tokens through the project's tokenomics component is not as frequent. Fifty percent of distribution is allocated for Gala Games' ecosystem evolution and funding. The platform by Gala Games, with a series of Web3 games at diverse development phases, offers multiple potential avenues for GALA in the Web3 gaming ecosystem.

One of Gala's technological innovations, Project GYRI is a layer1 solution enabling assets on the Gala blockchain to interface with the Ethereum blockchain, amplifying the functionality of the GALA token.

Advanced Insights: Mining and Ecosystem

The GALA token, developed by Gala Games, represents the utility mechanism in their gaming ecosystem. It presents multiple use cases including game access, in-game exchanges, and involvement in governance. Participation in the ecosystem gives you avenues to acquire GALA tokens, but this does not ensure any monetary returns. Gala Games also provides comprehensive information about the use cases of their token and the gaming ecosystem in general across various informational channels.