Do you know Gala (GALA)?

Gala

Although Non Fungible Tokens (NFT) are here to stay, this does not mean that any of these projects is a synonym of success, so it is important to study very well the object of our interest before getting involved in them. It is necessary to point out that the purpose of this publication is entirely informative, so do not consider the following lines as a form of guidance or investment recommendation.

This time we will dedicate the publication to a project called Gala (GALA), which is a platform that creates a variety of blockchain-based games, each of which provides players with true ownership of their game elements through the use of NFT.

Gala began its journey in 2020, the platform was one of the first movers in the play-to-win niche by rewarding players in the form of GALA tokens for playing its variety of games.

Billed as a platform that creates "blockchain games you'll actually want to play," Gala prioritizes game quality over releasing the MVP-type games commonly seen in the Play to Earn space. The platform is an ecosystem of controlled, player-owned games, each offering something different to engage the audience.

The platform was developed by a team of 60 people and has more than 1.3 million active users worldwide. Gala Games CEO Eric Schiermeyer is also one of the co-founders of Zynga, a popular social game developer.

Gala is somewhat similar to the Steam or GOG store, in that it presents a wide variety of games for users to choose from and play. However, unlike these stores, all games are 100% free to play and are accessed through the blockchain via a decentralized application (DApp).

To date, Gala Games is working on a total of five different games, these are:

• Mirandus: an epic fantasy role-playing adventure in which players fight monsters in a variety of locations and build their land for income.

• Spider Tank: a multiplayer online battlefield game that allows players to compete on a variety of maps using their spider tanks and various armaments.

• Town Star: a city building and development game that allows players from around the world to compete to win NFT.
  Fortified: a PvP tower defense game in which players test their strategies using a variety of player-owned assets.

• Echoes of Empire: an epic sci-fi strategy game in which players wage war for scarce resources scattered throughout the universe.

Players will also find a full NFT store, which supports all player-owned in-game assets. These items are divided into six rarity classes - Common, Uncommon, Rare, Epic, Legendary and Ancient - and can be bought or sold in multiple cryptocurrencies, thanks to its integration with CoinPayments .

The platform has its own native utility token, known simply as GALA. This is used as the main digital asset within the Gala Games ecosystem to purchase items, peer-to-peer payments, reward nodes and more.

Users can also contribute to the Gala ecosystem by running a Gala Node. This requires them to purchase a license, after which they will be able to run the node software from their home computer and earn rewards in the form of potentially rare GALA and NFT tokens. As it stands, this license costs USD 13,000 in Ethereum (ETH), GALA or Basic Attention Token (BAT). The total number of nodes that can participate in this process is capped at 50,000.

While this project was originally built on the Ethereum blockchain, Gala recently leveraged the p.Network Bridge DApp to join the GALA token with Binance Smart Chain as a BEP-20 asset. This allows players to drastically reduce transaction fees when using or spending their tokens.

It is also important to note that the Gala network relies on community-owned nodes that help power the platform. Similarly, the development team and operational staff constantly engage with the community to determine which games or features are most sought after by the community.

This helps ensure that resources are invested in delivering the games and experiences that people want and producing assets that are uniquely tailored to their community.

Equally important to note is that unlike most play to earn games, which typically have a player base in the tens to hundreds of thousands, Gala has a staggering 1.3 million active users. As a result, games launched through the platform are likely to become one of the most popular P2E games in the blockchain space early on.

The GALA token has a fixed maximum supply of 50 billion units. Of this, about 7 billion GALA are currently circulating. This represents about 14% of the maximum total. At the time of writing the value of each GALA token is USD 0.4941.

According to the official GALA documentation, a total of 17,123,286 GALA are distributed every day, half of which go to the founding node operators, while the other half goes to the Gala Games conservatory.

Like Bitcoin and many other cryptocurrencies, Gala Games included a halvings cycle in its issuance schedule. The issuance halves every year on July 21. The next halving is scheduled for July 21, 2022, which will see the issuance rate drop to 8,561,643 GALA per day.

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