Gala Games (GALA)- Everything You Need to Know About The New Kid On the Blockchain!
Play-To-Earn has just been taken to the next level!
The Future Of Gaming
In the past, gamers could enjoy games to their heart’s content, but any money spent on in-game purchases were specific to that game, not fully owned (couldn’t be re-sold), and were non-transferable.
All of that changes with Gala Games because the company doesn’t own the game assets, the players do!
That means that if a player plays a game for a long time and accrues bonus items or even Gala coins, they can exchange them, take them into different games within the network, or even sell them for other cryptocurrencies or even fiat currency.
It means that the “old way” of gaming is becoming redundant because now gaming is not just about having fun but accruing real assets too.
This results in extremely high retention rate for game networks because when gamers get bored of a certain game, they are more likely to look for other games within the network rather than looking elsewhere.
It’s likely that gamers who start with Gala Games will game with them for many MANY years, even if they move between games in that time.
The ability to earn and move or trade assets between games is making gamers rush away from the old style of gaming and become lifelong Gala gamers.
Play-to-earn gaming networks are on the rise. These networks enable users to unlock value that was once regulated to a specific gaming environment. As such, there has been a lot of hype surrounding these networks.
How To Start?
You go to app.gala.games and create an account. Once done, you choose the password and log in to your app. If asked for a referral code then please enter 61f24787a6a76f6431146d41. (Helps this blog a lot! Thank You!)
What Problems Does Gala Games (GALA) Solve?
There is a multitude of issues that Gala attempts to rectify. For one, the gaming industry has long left users out of the loop in terms of profits. The gaming sector is a multi-billion dollar market.
In the past, gaming enthusiasts poured money into the market but were never able to recapture these funds once spent.
Gala seeks to cut users in on the billions being made through gaming platforms. The network wants to enable you to take value from gaming ecosystems in the form of NFTs (non-fungible tokens) and other digital assets.
You can leave the gaming ecosystem and trade these items on a variety of DEX (decentralized exchanges) for other popular cryptocurrencies.
Benefits of Gala Games (GALA)
There are a ton of benefits that users and developers gain through the entry of Gala into the market. For one, developers can leverage Gala’s blockchain infrastructure to create better and more rewarding titles.
The network was designed to support the latest and most immersive metaverse environments. In this way, the network seeks to provide more entertaining games powered by blockchain technology.
Profits
It’s one thing to spend all day playing your favorite title and walk away with some props from your friends and possibly your name on a leader board. It’s an entirely different gaming experience when you walk away with actual value. Providing users the ability to convert and trade their digital assets both in and out of the gaming ecosystem is a huge upgrade for all parties.
Additionally, Gala developers can include more valuable assets in their ecosystems. Blockchain-based games provide instant verification and authenticity capabilities to the market. In this way, gamers know exactly how scarce a digital item may be. This capability adds to the overall value of the item.
Real Economies
Another major benefit of Gala is that it can incorporate a real economy into its gaming titles. The internet already has some large MMORPGs that provide real economies. However, these markets are limited in both their nature and liquidity as they are only based on a single gaming title. Gala assets can be sold on the open market. Also, the developers can create multi-game assets using this technology.
Gala Coin (GALA)
GALA Coins operate as the main utility and governance tokens for the market. Users receive rewards and pay fees with these tokens. You can also use GALA to trade and to send value to friends and family globally. The tokens are currently ERC-20 standard but upon the completion of the GalaChain, they will migrate over to the new network and enjoy the added benefits of free transactions.
Gala coin is an NFT (Non-fungible token) on the Ethereum network, which means it has the ability to create and distribute rare and unique (or very limited supply) items that are authenticated on the blockchain and cannot be replicated or copied (authenticity is guaranteed). The coin can be won or purchased by gamers and then used in the game or used for purchasing NFT’s, which can also be used in the games or traded/sold.
Gala Node Ownership
One way to generate significant rewards through Gala Games is to buy a node license. There is a cost for buying one of these licenses (see below) but the rewards are significant, and can potentially result in node owners receiving hundreds of thousands of Gala coins. This reward is in exchange for helping the Gala Games network to grow and sustain itself, such as running the node to assist in the hosting of games. In addition to receiving Gala coins, node owners also receive a range of other rewards, which are outlined below.
How it works
Nodes must be operated for at least 6 hours per day to qualify for the daily coin rewards. Downloading and installing the node software is very easy and it’s recommended to run the node 24 hours per day in order to make sure rewards aren’t missed. Nodes can be purchased through a free Gala Games account.
Nodes will eventually become NFT’s that can be sold on sites like Opensea.
The value of nodes once they become NFT’s is impossible to predict and they could be worth more or less than the value a node license was purchased for. Until such time that nodes become NFT’s they cannot be sold, although there is a refund policy that’s valid for the first 7 days after purchase.
Rewards
There are many rewards provided to node owners, including;
- Daily Gala coins
- Random NFT drops
- Voting rights
- In-game coins (soon each game will have its own coin that will also be dropped to node owners)
Mirandus VOX Collection
Gala Games recently launched a set of rare NFT’s to the market. The Mirandus VOX Collection sold out in just one day on December 6, 2021. Their release helped to demonstrate the potential of NFTs within the Gala Games network. It also gave collectors early access to Gala assets.
Governance
Gala is unique in that the users have partial ownership over the platform. Through the community governance system enables regular users to get a say in the market’s developments. You simply need to stake your GALA tokens to gain access to this feature. The system examines the number of tokens you have staked to determine the overall weight of your vote.
History of Gala Games (GALA)
Gala Games entered the market in 2019. This advanced gaming protocol was designed by Zynga co-founder Eric Schiermeyer. Since its launch, Gala has secured some high-level partnerships in the market. The firm announced game deals with Will Wright, Peter Molyneux, Ember Games, AMC, and Certain Affinity. Each of these partnerships has helped to bolster the platform’s notoriety and improved its market penetration capabilities.
How to Buy Gala Games (GALA)
Gala Games (GALA) is available on the following exchanges:
Gala Games (GALA) — Expect More from Your Games
Platforms like Gala Games continue to reshape the gaming sector. These protocols provide users with a unique opportunity to create an income doing what they love to do. Consequently, play-to-earn gaming like Gala is on the rise. You can expect to see a lot more development firms attempting to enter the market as Gala Games begins to release its titles in the coming weeks.
Once again… How To Start?
You go to app.gala.games and create an account. Once done, you choose the password and log in to your app. If asked for a referral code then please enter 61f24787a6a76f6431146d41. (Helps this blog a lot! Thank You!)
You can see the current price of the GALA token here:
(Link) GALA Token / USD price
And the price of the token can increase — meaning you would earn even more!
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