![]() The figures of 1.3 million monthly active users acquired since launch, and more than 26,000 NFTs sold, are taken from the Gala website, where they have not been updated for several months. GALA did not have an initial coin offering (ICO) upon its launch. This launch came not long after the company announced that Mark Skaggs, the former vice-president of Electronic Arts, was to join Gala Games as its senior vice-president of games. On 31 October 2022, the platform launched its latest game, Spider Tanks, which heralds itself as the first blockchain-based esports game. So far, the platform hosts games and an NFT collectible series, VOX. In the long run, Gala Games is planning to establish multiple game studios that will each work on multiple games, creating a steady stream of NFTs which will get dropped to the node network in order to incentivise the system and keep it stable. In order for the network to run smoothly, 50,000 Founder’s Nodes were released upon its launch. The GALA cryptocurrency is also used to reward holders and Founder’s Nodes owners who have operated their computers on the network for at least six hours, with the rewards issued every day. This process is also known as the Founder’s Nodes within the Gala Games Ecosystem, which is powered by more than 16,000 player-run nodes. Users can also purchase nodes in GALA, ether ( ETH) or basic attention token ( BAT) and acquire voting rights on which games will be published next on the platform, allowing players to have their say on changes to the system. You might see such questions as “What is GALA coin?” or references to the GALA coin value, the Gala Games coin price or a GALA coin price prediction, but such terms are all, technically speaking, incorrect. The system is built on the Ethereum ( ETH) blockchain, and GALA tokens are transferable between users, who have full control over how to use them.Īs GALA is based on Ethereum, it is a token, rather than a coin. ![]() In order to give achieve its stated goal, Gala Games has established a blockchain network powered by GALA tokens. NFTs can be collected, traded and sold, not just within their own game but throughout the entirety of the Gala Games ecosystem. The introduction of non-fungible tokens ( NFTs) into the Gala Games ecosystem was the first step towards making gaming more decentralised, as well as helping players take ownership of their game items. Their declared aim was to make online gaming more decentralised, and they aimed to target a wide variety of gamers who wanted to change the way things were done in the gaming world. Gala Games was founded in 2018 by Eric Schiermeyer, the co-founder of the games developer Zynga, together with crypto miner Wright Thurston and Michael McCarthy, the creative director behind viral games such as FarmVille.
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