Gala Games is a blockchain gaming platform that uses the play-to-earn model to create blockchain games people want to play.
The GALA token powers Gala Games and runs on Ethereum.
GALA has gained 400% since the start of November, taking it into the top 50 cryptocurrencies by market cap.
The GALA price has been up an incredible 34,200% since January 1, 2021.
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Read on to learn everything you need to know about the Gala Games ecosystem and the Gala token.
What Is Gala
Gala Games is a company that uses blockchain technology to create play-to-earn economy models. It makes blockchain games you want to play and takes gaming incentives and rewards to new heights.
Blockchain is the next evolution of gaming, a $148 billion industry that has been re-energized by the rise of the crypto industry amid the DeFi boom. This new way of thinking about games benefits creators and gamers alike.
Launched in 2019 and powered by the world's largest independent node network, Gala Games has grown to more than 1.3 million monthly active users, and 26,000 NFTs have been sold.
Gala Games has been built to give power to the gaming community and has created an ecosystem where players can own their assets and be rewarded for their participation.
Gala Games has its own utility token, GALA, developed as a gaming token to support the Gala Games ecosystem. The token can be used to purchase NFTs for various games and collectible series.
The first blockchain-powered game to use GALA is Gala Town Star, a play-to-earn game where users develop a town to farm competitively. Gala Town Star was created by Zynga and some of the creative minds behind FarmVille and Words With Friends. It has over 600 million players, and players can now buy licenses to run Town Star nodes. Unlike SimCity, they actually own the game.
VOX is a collectible NFT avatar set by Gala Games. Each VOX is unique, but VOX has other uses besides being an NFT avatar - letting users lock up GALA and earn VOXcoin.
Other games in development include - Fortified, a multiplayer tower defense game; Mirandus - a role-playing game where players build their own in-game assets; the Spider Tank Project, a multiplayer battle game where players will pick a spider tank to battle against other players.
The team behind Gala Games engages their community on Discord and regularly tests and improves the games based on the feedback from the community.
Gala Founders
Eric Schiermeyer is the founder of Gala Games and was previously the co-founder of Zynga, a famous social and mobile games corporation. Zynga is behind some of the most popular games in the industry, such as Mafia Wars, Farmville, etc.
After Schiermeyer left Zynga, he became an investor and advisor to Bee Cave Games. He is also the co-founder and CTO of Myspace, the platform for music enthusiasts.
Schiermeyer launched Gala Games in 2019.
Currently, there are about 60 employees in the Gala Games company.
How Does Gala Work
Gala Games uses blockchain technology to allow players to own the items they earn from the game and earn rewards by interacting and playing the games inside Gala's Network.
Gala aims to give power and responsibility to gamers by letting them control the games and assets within the platform.
Games created by Gala are free, and whatever gamers earn in the game belongs to them. Gamers own the gameplay like no other and can do whatever they want with the asset they earn. They can collect, trade, gift, or even sell their in-game assets in ways that have never been possible before.
Gala Games is a platform that enables players to influence the development of games. Gala Nodes are virtual nodes that support the Gala network. They are powered by a triple-proof system, allowing users to prove their work and collect rewards. Its voting system allows users to decide which games they want to see developed.
The GALA token is the utility token for Gala Games and is used to buy in-game items, make peer-to-peer payments, and reward node operators. Gala token began trading in September 2020.
Originally built on the Ethereum blockchain, the GALA token also runs on the Binance Smart Chain (BSC).
The Gala network is secured by its own set of nodes called Founder's Nodes that validate in-game transactions and help ensure the network.
The Gala node ecosystem is a triple-proof node system consisting of Proof-of-Work (POW), Proof-of-Stake (POS), and Proof-of-Storage.
How to Buy Gala
Currently, you can trade GALA on such popular exchanges as Coinbase, Sushiswap, Gate.io, Uniswap V3, KuCoin, Bitrue, etc.
Follow our step-by-step guide to secure your GALA tokens now.
Step 1: Create an online account. You can choose a cryptocurrency exchange that best suits your needs. Many exchanges support GALA; some even let you buy it directly with cash.
You should also note that most crypto exchanges require personal information such as your full name, phone number, proof of ID, social security number, and email address to register. You will also be required to undergo a standard KYC procedure.
Step 2: Acquire a Wallet. A cryptocurrency wallet is a virtual space where you can safely store your valuable crypto holdings. Software wallets like Coinbase Wallet and Metamask are good choices for many investors; however, consider acquiring a hardware wallet for safety. A Ledger wallet, like Ledger Nano S or X, offers you long-term secure storage and is highly recommended as a secure wallet by professionals. If you would like to send your GALA to an external address, this can be done at any time.
Step 3: Fund your account. Upon signing up at the exchange, you should be shown easy-to-follow instructions to buy GALA with fiat currency from your bank account or credit or debit card. Once verified, you can deposit fiat currencies using the payment method that best suits you – bank transfer, credit or debit card, and wire transfer are all widely accepted. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies, like Bitcoin, directly into your exchange account and trade Bitcoin for GALA.
Step 4: Buy GALA Tokens. You are now all set to exchange your funds for GALA. The buying process is as easy as entering the amount you want to purchase and clicking "buy" on most exchanges.
You can choose between a market and a limit order. When you place a limit order, you set the GALA price you are ready to pay for the tokens, and if you're going to place a market order, you can instantly buy GALA at its market price.
