The play-to-earn gaming is a lucrative genre that has supported the mass adoption of the blockchain industry. In traditional gaming, gamers need to participate in different tournaments to earn rewards. And only the top players get to earn rewards. Most players stop playing games due to a lack of funds.
Blockchain gaming provides equal earning opportunities for all players so they may continue following their passion. The best thing about blockchain gaming is that the developers don’t need to pay marketers and distributors to reach out to their targeted audience. Thus, they get to save a lot of money that they can directly pay to the players to maintain better engagement.
Why Gala Token’s Price is Increasing?
Sandbox and Mana are some of the leading names in blockchain gaming. But a new project (GALA) has gained a lot of attention recently. On Jan 9, 2023, the GALA team announced that Mark Wahlberg and Dwayne Johnson are going to invest in this project due to which the Gala token’s price jumped up by 70% within a day.
Some users are still thinking about why Hollywood heavyweights are showing so much interest in this project.
What is the Gala (GALA)?
Gala is an Ethereum-based, play-to-earn gaming platform that rewards players for their in-game accomplishments. Unlike other blockchain gaming platforms, Gala is dedicated to introducing games that the players would actually want to play. The best thing about this gaming platform is that it also enables users to earn cryptos by watching movies and listening to songs.
The users can also own different NFTs on this platform. It’s one of the major reasons why the platform has grown so fast. According to a recent update, Gala has more than 1.3 million active users. Moreover, the platform has sold more than 26,000 NFTs so far.
Gala Games Brief History
Eric Schiermeyer, the co-founder of Zynga (a popular mobile and social media gaming company), introduced Gala Games in collaboration with Michael McCarthy in 2019. Before entering the crypto industry, Schiermeyer had a lot of experience in digital gaming. He had launched famous hits like Mafia Wars, Zynga Poker, and FarmVille.
McCarthy also held leadership positions at Troika Games and Interplay Entertainment before joining Zynga. In 2020, the company introduced its first playable game called Town Star. And the Gala Games had around 65 employees at that time. The Gala Games partnered with C2 Ventures in 2021 to support the mass adoption of blockchain gaming.
Important Features of Gala Games
Impressive User Experience
The problem with most play-to-earn blockchain games is that they use repetitive gameplay to provide earning opportunities for players. It appears to be quite impressive for players who are just willing to earn money. But the experienced players start getting bored by playing the same levels again and again. Thus, they eventually leave the platform.
Gala Games is trying to overcome the problem by introducing more fun and entertaining gameplay experience. Therefore, it has attracted a huge audience within a short span of time.
Strong Gaming Community
The Gala team pays serious attention to the players’ concerns. And they actively implement changes according to the gamers’ priorities. It ultimately helps them with developing gaming tools that can perfectly meet the demands of players. That’s why they’ve managed to build a strong community of gamers.
Gala has introduced a unique rewarding process to keep the players engaged to the platform. The gamers can earn NFT objects from the game and trade them in the NFT marketplace. The movie viewers receive a copy of their favorite movie and the music listeners are given a copy of the songs they listen to.
How Does Gala Work?
Gala uses a triple-proof node system to verify the transactions. The node operators need to stay live for at least 6 hours a day otherwise, they can’t qualify for the rewards. The users need to purchase and install the node software on their devices. The network nodes are recognized as NFTs.
Thus, the node operators sell their nodes on the NFT marketplaces if they aren’t interested in running them. The platform doesn’t only reward the GALA tokens but also transfers NFTs and In-game coins to the node operators for their contribution. Moreover, the node operators also get voting rights within the platform.
Understanding Triple-proof Node System
Gala network uses a combination of Proof-of-work, Proof-of-storage, and proof-of-stake mechanisms to secure the platform.
- Proof-of-Work: – These nodes are operated by the community members who supported the network in its early stages. These nodes are built on 50,000 fully owned NFTs.
- Proof-of-Stake: – The platform introduces a smart contract “rental” structure for users who want to operate these nodes. These node operators are responsible for managing specific nodes.
- Proof-of-Storage: – These node operators provide storage space for hosting the games. Thus, they eliminate the need for dealing with centralized platforms like Amazon Web Services.
GALA is the native token of Gala Games that is used to purchase in-game items. The users also need to pay GALA tokens as fees when they’re purchasing something. The users can earn GALA tokens by playing different games or they can invite their friends to the platform to earn the reward.
Similarly, the users can earn GALA tokens by running a node within the network. With a circulating supply of 6.98 billion tokens, GALA has a market cap of $336 million.
GALA is a blockchain-based gaming platform that rewards game players for playing their favorite games. It introduces fun-to-play games that players truly love playing. It also provides earning opportunities for movie and song lovers. Feel free to get in touch with us if you need more information about how GALA Network works.