Gala Games made it to the industry only a few years ago in 2019 and was among the pioneers of the “Play to Earn” games. It stood out from the rest because the company was rewarding players with tokens (GALA) for playing games on their platform in 2020 which was something out of the box at that time. So, how did Gala Games make it so big in such a less time? Stay with us today to get to know about Gala Games and what it has to offer.
Gala Games Team
The magic lies in the team, and you will get footprints of the massively popular Zynga Games here. There were 60 developers working on the platform, which has more than 1.3 million active users right now. Eric Schiermeyer is the project’s CEO. Another notable accomplishment of Eric’s is that he was a founding member of the renowned social game company Zynga.
Their main objective was to create a blockchain-based gaming network that would give players more control and ownership over games. Moreover, they aim to make blockchain gaming simple so that even those new to the blockchain concept can have fun playing and earning.
How do Gala Games Operate?
Just imagine an online gaming platform like Miniclip or Steam but all the games that you play are powered by the blockchain. Also, all the play to earn games that you find here are free to play. These games are played through dApps or commonly known in the blockchain industry as Decentralized Applications.
A long-standing concept, play-to-earn games and blockchain-powered games with assets completely owned by users is nothing new. Gala Games, however, stands out from the other platforms in this category thanks to a few unique characteristics.
Gala Games is based on the Ethereum blockchain, but lately, the company used the p.Network Bridge DApp to connect the GALA token to the Binance Smart Chain as a BEP-20 asset. As a result, users will be able to drastically reduce transaction costs when using or holding GALA tokens. Gala Games is also a community-driven platform. The platform’s network is powered by community-owned nodes. In order to evaluate which games and features are most well-liked by the community, the development team and operational staff frequently interact with them.
Gala Games Online Store
One thing to love about Gala Games is their online store. Thanks to its built-in marketplace, Gala Games makes it simple for users to buy and sell in-game assets. Also with help of this market, gamers may quickly get the funds they need to loot their games or buy new characters and gear to improve their gameplay.
The Gala Token
As you might have noticed that all projects as such have their own utility token and for Gala Games that token is called GALA. The primary digital asset in the Gala Games ecosystem is this token, which is used for a variety of functions including item purchases, peer-to-peer payments, and rewarding nodes.
By running a Gala Node, players can also utilize the token to support the Gala Games network. Learn how to set up a Gala Node. The user must first obtain a license in order to run a Gala Node. Once you’ve obtained a license, you can operate the node software from the convenience of your computer and receive rewards in the form of “rare” GALA and NFT tokens. Running a Gala Node is by no means cheap and prices change based on the market. Ethereum (ETH), GALA, or Basic Attention Token are all acceptable forms of payment (BAT). Something to keep in mind is that there is a 50,000-node limit that cannot be exceeded.
How Much Are They?
A fixed 50 billion token maximum supply is available for the GALA token. The project’s creators claim that 17,123,286 GALA tokens are awarded every day in total. The founding node’s operators receive fifty percent of this dividend. The Gala Games conservatory is where the other half goes.
Gala Games has incorporated a halving cycle into its operation, just like Bitcoin and other cryptocurrencies do. The issuance is cut in half every year with halves, precisely on July 21. Therefore, by dividing the rate of issue to 8,561,643 GALA per day (this subsequent halving took place on July 21, 2022).
Blockchain Games Under Gala
For now, only 3 of these games are playable for users, while most of these games are set to release in 2023. The team is always sharing videos of the gameplay and how far each game has progressed in their communities.
- Spider Tanks
- Town Star
- Champions Arena
- Battlestar Galactica
- Eternal Paradox
- Town Crush
- The Walking Dead: Empires
- Legends Reborn
- Last Expedition
- Echoes of Empire
Read the story of another leading blockchain game developer and Web3 evangelist, Animoca Brands.
Thank you for reading, and do share with your friends, if you like this article. Check out latest news.
Meanwhile, have you checked out our Top 500 Best Play To Earn Games? Its the longest list in the whole universe, well of this planet will also do. All the p2e games are on there, game reviews and links to the pages. Check it out!
Gaming News Of Video Game Consultant;
Every day the latest video game news about the gaming industry. Video games news on NFTs (non-fungible tokens, NFT, NFT’s), Play to Earn (P2E/Play-to-Earn), crypto games and cryptocurrencies, gaming guilds, Metaverse, VR, AR, AI, Virtual Worlds, Avatars, Digital Assets, In-game digital currencies, Web3 development, Blockchain-based video games and its transactions and payments in the games.
Entertainment and all the big tech companies and technology behind it. Hyper Casual Games and the game studios that lead the way. Mobile games, PC games, and Console Games and their vision on cloud gaming, streaming, esports, and gamer communities. Online digital entertainment like movies, music, concerts, art, and top brands such as fashion and much more that connect with video games in the metaverse.
If you want to stay up-to-date of Gumi Cryptos Capital, then follow me on Google News.