In a crypto market that has seen its fair share of ups and downs, the GALA token surprised everyone with a remarkable price surge of 70% on January 9, 2023. This sudden surge was triggered by a groundbreaking partnership announcement between Gala Games and none other than Hollywood legends Dwayne Johnson, famously known as "The Rock," and Mark Wahlberg. The news sent shockwaves through the crypto community and raised a simple yet intriguing question: Why are these Hollywood heavyweights choosing to invest in GALA over more prominent gaming tokens like The Sandbox (SAND) and Decentraland (MANA)? In this in-depth exploration, we will delve into the world of Gala Games, unraveling its innovative approach to blockchain gaming and the factors that have made it a standout choice for renowned celebrities and investors.
The Genesis of Gala Games
Gala Games is a trailblazing blockchain gaming platform that has boldly integrated NFT (Non-Fungible Token) functionality into engaging and enjoyable games that cater to the desires of players. Founded in 2019 by a trio of visionaries, Gala Games boasts Eric Schiermeyer as one of its co-founders. Schiermeyer is best known as a co-founder of Zynga, a well-established online and mobile gaming company renowned for producing popular titles like Farmville and Zynga Poker. Gala Games also benefits from the creative genius of Michael McCarthy, who serves as the Art Director at Zynga, and Wright Thurston, a pioneer in the world of cryptocurrency mining and a serial blockchain entrepreneur.
The driving force behind Gala Games was to create an ecosystem of blockchain-powered games that would allow players to not only enjoy cutting-edge gaming experiences but also earn cryptocurrencies and own NFTs in the process. While most play-to-earn blockchain games are often criticized for their monotonous and mechanical gameplay, which prioritizes earnings over the sheer joy of gaming, Gala Games has set out to change this narrative. Its mission is to develop captivating games that cater to the desires of avid gamers.
Beyond the realm of gaming, Gala Games has extended its reach into the music and film industries with innovative features such as "Listen and Earn" and "Watch and Earn." Through these media engagement options, users can accumulate tokens and NFTs. With over 1.3 million monthly active users and an impressive tally of 26,000 NFTs already sold, Gala Games stands as a paragon of entertainment in the blockchain space.
Unraveling the Mechanics of Gala Games
Gala Games introduces a novel gaming experience by granting users control over not only the items they possess but also the entire Gala network through its decentralized node system, known as the Gala Game Nodes, operating on its L1 blockchain, Project GYRI. This intricate system comprises four distinct types of Gala Nodes: Founder’s Nodes, Game Nodes, Player Nodes, and Film Nodes.
- Founder’s Nodes: Serving as the bedrock of the Gala Games ecosystem, Founder’s Nodes play a pivotal role in shaping the platform's development and direction through their voting capabilities.
- Game Nodes: These nodes are responsible for executing tasks related to the platform's games, ensuring their smooth and glitch-free operation.
- Player Nodes: Functioning as decentralized music players, Player Nodes empower users to enjoy their NFT-based music collections.
- Film Nodes: Film Nodes are designed to provide users with the ability to watch films on the Gala Games platform, further expanding the range of entertainment options available.
Accessing the Gala Games platform is an effortless process. Simply navigate to their website, select a game of your choice, and begin playing after setting up an account. Unlike traditional video game streaming platforms that often charge exorbitant prices for games, Gala Games offers its games for free, with users only required to cover the associated gas fees. All that's needed to immerse oneself in the blockchain-powered gaming experience is a computer and an internet connection, allowing users to access games built on the blockchain through various DApps.
As of the time of writing (January 11, 2023), Gala Games offers three playable games: Spider Tanks, Town Star, and Superior. The platform is actively developing an additional 12 games, expanding its diverse gaming portfolio.
- Spider Tanks: This player-versus-player (PvP) brawler, developed by the renowned Dutch game manufacturer GAMEDIA, invites players to select from various tank bodies and weapons to engage in battles within different arenas. Spider Tanks incorporates numerous play-to-earn mechanics, enabling players to purchase and trade weapons, war tanks, and more.
- Town Star: Gala Games' flagship title, Town Star, takes inspiration from Zynga's immensely popular Farmville. Gamers from around the world compete to construct the most productive town, with weekly winners receiving valuable NFTs that can be traded on the platform for profit.
- Superior: In Superior, players unite to confront superheroes turned villains in a third-person shooting game, adding a thrilling dimension to Gala Games' gaming catalog.
Gala Games also boasts an NFT store where players can purchase and trade NFTs or in-game assets. These items are classified into six rarity classes, ranging from "Common" (least rare) to "Ancient" (most rare). Purchases can be made using the GALA token or any major cryptocurrency. In a move to streamline transactions on its platform, Gala Games has established a partnership with the well-known crypto payment gateway, CoinPayments.
Key Features that Set Gala Games Apart
Superb User Experience
Gala Games is on a mission to redefine the way blockchain games are designed. While most play-to-earn games rely on repetitive gameplay to make earning crypto a straightforward process, Gala Games prioritizes user experience. The platform understands the importance of ensuring that users genuinely enjoy their gaming experiences rather than becoming entangled in the technical intricacies of blockchain technology. This user-centric approach not only attracts a broader audience but also retains hardcore gamers who value the entertainment value of games.
At Gala Games, users are handsomely rewarded for their time and effort. Gamers enjoy true ownership of their in-game assets in the form of NFTs, while music enthusiasts own a copy of the songs they listen to, and film aficionados possess copies of their favorite films. Users also have the opportunity to earn cryptocurrencies while engaging in their preferred activities, whether it's gaming, music listening, or film watching. Moreover, they wield the power to influence the development of the Gala Games ecosystem, actively participating in its growth through decentralized nodes.
Solid Community Support
Gala Games boasts a robust community of gamers who actively support the platform. The Gala Games team pays careful attention to community feedback and readily implements changes and improvements based on user input. By fostering such a strong connection with its user base, Gala Games ensures that its game offerings resonate with a wide audience and enjoy high levels of public acceptance.
Exploring the GALA Token
At the heart of the Gala Games ecosystem lies the GALA token, an ERC-20 token that operates on the Ethereum blockchain. This versatile token serves multiple roles within the Gala Games network, functioning both as a utility and governance token. It finds application in various aspects of the ecosystem, including serving as in-game currency for purchasing NFTs and licenses for Gala Nodes. Additionally, GALA tokens are used to incentivize Founder’s Node Operators, who receive GALA through daily distributions.
As of now, GALA has a maximum supply capped at 50 billion tokens, with a circulating supply of approximately 7.54 billion tokens. The distribution of GALA undergoes a halving process annually each July, with 8,561,643 GALA tokens being distributed daily starting from July 2022 through 2023. Following July 2023, the daily distribution of GALA tokens will be halved to 4,280,822 tokens. This distribution is evenly divided between Founder’s Nodes and the Gala Games Conservatorship.
GALA Price Predictions
GALA's journey in the cryptocurrency market has been marked by several noteworthy milestones. It was listed on major price aggregation platforms in September 2020, trading at approximately $0.002. Over the subsequent year, GALA maintained its price at this level before embarking on an upward trajectory starting in September 2021. By November 26, 2021, GALA reached its all-time high at $0.82. However, it experienced a swift decline from this peak, and by January 23, 2022, GALA was valued at $0.18.
GALA did briefly spike to $0.38 on February 9, 2022, but it was unable to sustain this price level. Throughout 2022, GALA's price mirrored the broader market trend, gradually declining to $0.016 by the end of the year. In early January 2023, GALA began exhibiting signs of a mini-rally, and at the time of writing (January 11, 2023), it is trading at $0.04.
Price predictions for GALA are optimistic, although they vary in terms of projected growth rates. Business2Community anticipates that GALA could reach highs of $0.38 in 2025 and $0.71 in 2030. Even in the most conservative scenarios, it is not expected to dip below $0.047. Changelly expresses confidence in GALA reaching $1, drawing upon its historical peak at $0.82. However, Changelly predicts gradual growth for GALA, with a projected price of $0.09 in 2025 and $0.57 in 2030.
Is GALA a Sound Investment?
The cryptocurrency industry's experts are largely bullish on the prospects of the GALA token. The fact that Gala Games has capped its token supply indicates that the price of GALA is poised to appreciate as demand continues to surge. Furthermore, Gala Games has demonstrated a commitment to creating games that resonate with mainstream gamers, potentially tapping into the massive market of 3.09 billion active gamers worldwide. With 12 more games in development, Gala Games appears primed for substantial growth and remains an attractive token to consider as an investment during market downturns.
Gala Games' strategic partnership with Dwayne Johnson and Mark Wahlberg to produce Gala Films underscores its evolution from a gaming-centric platform to a comprehensive entertainment hub with offerings that cater to the masses. While Gala Games indeed presents itself as a promising investment opportunity, it is crucial for prospective investors to conduct their own research (DYOR) before considering investments in altcoins, especially during bear markets.
Where to Purchase GALA
Investors seeking to acquire GALA tokens have multiple avenues at their disposal. GALA is readily available on popular decentralized exchanges such as SushiSwap and Uniswap v3. Additionally, it can be obtained on major centralized exchanges like BingX. BingX offers the opportunity to buy GALA tokens as a Spot pair (GALA/USDT) or engage in GALA trading as a USDT Perpetual (GALAUSDT).
Gala Games has embarked on an exciting journey, but the full scope of its future remains to be seen. Of the 15 confirmed games slated for the platform, only three are currently available for play. Nevertheless, Gala Games boasts an impressive user base of 1.3 million players, a testament to its growing popularity.
With its foray into the music and film industries, Gala Games is on the path to revolutionize and conquer the world of entertainment, potentially reaching billions of users worldwide. Its strategic partnerships, innovative approach to blockchain gaming, and commitment to user satisfaction paint a promising picture for the GALA token and Gala Games as a whole. However, as with any investment in the volatile cryptocurrency market, caution and thorough research are paramount.
The GALA token's journey in the crypto market has been marked by ups and downs, but it has garnered significant attention and optimism from experts. As Gala Games continues to develop and expand its ecosystem, GALA's potential for growth remains a compelling proposition for both investors and enthusiasts alike. In the ever-evolving world of blockchain and cryptocurrency, Gala Games stands as a beacon of innovation and a harbinger of the future of blockchain-powered gaming and entertainment.