Introduction
Gala Games is a pioneering force in the gaming industry, leveraging the power of Web3 and blockchain technology to create a new era of player empowerment and ownership. Founded by visionary game developers, Gala Games is on a mission to address the major issues plaguing the traditional gaming model, where players are continually required to spend money to enjoy their favorite games without true ownership of their in-game assets. By harnessing the potential of decentralized technology, Gala Games is building a vast platform featuring AAA-level games, many of which are free to play, designed to grant players unprecedented freedom, control, and rewards.
What Sets Gala Games Apart?
Gala Games stands out in both the Web3 and gaming worlds due to its unique blend of centuries of combined experience from top game developers and its unwavering commitment to a "games-first" approach. The team at Gala Games is passionate about delivering the best possible gaming experiences while leveraging cutting-edge Web3 technology to empower players with true ownership, the ability to earn, and the freedom to play on their own terms.
The platform aims to simplify the onboarding process for gamers entering the Web3 space by allowing users to start making blockchain transactions with the simple connection of a Coinbase or MetaMask wallet. Moreover, many Gala Games items can be purchased directly using credit cards, further lowering the barrier to entry.
Gala Games works closely with OpenSea, the leading NFT marketplace, to facilitate its official NFT collections, ensuring that players can easily trade their in-game items peer-to-peer. The team is also highly accessible and engaged with the community through their Discord server, fostering an open dialogue that has been instrumental in shaping the platform's success.
The GALA Token: Powering the Ecosystem
At the heart of the Gala Games ecosystem is the GALA token, an ERC-20 utility token built on the Ethereum blockchain. GALA serves as the primary medium of exchange within the platform, enabling players to purchase NFT items, receive rewards for operating Founder's Nodes, and cover network fees on Gala's own blockchain.
The tokenomics of GALA are designed to ensure a balanced and sustainable ecosystem. The total supply of GALA is approximately 50 billion tokens, with a daily emission rate that is halved each year on July 21st. 50% of the daily emission is distributed to Founder's Node operators, while the remaining 50% is allocated to the Gala Games conservatorship for future ecosystem growth and project funding.
When GALA is spent on NFTs in the Gala Games store, 100% of the tokens are burned, and an equal amount is added to the lifetime distribution pool to be recirculated. This mechanism helps maintain the token's value and ensures a healthy circulation within the ecosystem.
A Growing Web3 Entertainment Ecosystem
In early 2022, Gala Games expanded its mission to encompass all of Web3 entertainment, launching Gala Music and Gala Film. The company also introduced VOX, a generative NFT avatar project that has seen successful collaborations with major entertainment brands like Dreamworks' Trolls and AMC's The Walking Dead. An ambitious and gamified metaverse home for all VOX avatars is currently under development by Will Wright, the creator of the iconic game series, The Sims.
The Future of Gala Games
As Gala Games continues to grow and evolve, the platform has many exciting announcements and releases planned for 2023 and beyond. With the introduction of its own "games-first" layer-1 blockchain solution, Project GYRI, Gala is poised to become the world leader in Web3 gaming. Assets on Gala's blockchain will be fully bridgeable to and from the Ethereum blockchain, with GALA acting as the gas token for all transactions.
The team's unwavering commitment to delivering top-quality gaming experiences, coupled with their innovative approach to player empowerment and community engagement, positions Gala Games at the forefront of the Web3 gaming revolution. As more players discover the benefits of true ownership, the ability to earn, and the freedom to play, Gala Games is set to redefine the future of gaming and entertainment in the decentralized era.
