What is GALA?

GALA is a cryptocurrency based on Ethereum used by GALA Games. Platforms like this intend to transform the gaming sector by giving players greater control over their experience.

It is currently possible to remove a player’s in-game purchases at any time, despite the players spending a lot of time playing the game. A GALA token is a digital utility token that follows the ERC-20 standard.

In particular, these tokens have cryptographic security and serve as a means of exchanging information between participants within the ecosystem.

In other words, the coin is transferable among users according to how they choose to use it. Most users are eager to purchase a GALA Node and vote for the games they want to see released on the platform.

Due to this, the company adopts an approach based on the votes of its users. There is also an NFT project by GALA Games known as VOX, which allows users to purchase avatars with different features.

With this platform, you can trade items like NFTs within the game. There are almost no limits to what you can do on the platform, whether getting an avatar or upgrading your character’s power. Nevertheless, users have the chance to win rewards as well.

The network allows users to accumulate GALA coins by running Nodes. Overall, it brings a wide range of benefits to both developers and users.

Who Created GALA?

The GALA currency came into being in July 2019 with the founding of the GALA Games by Eric Schiermeyer. In addition to that, he also founded Zynga, a social game publisher known for its popular games like Poker.

In December 2021, the company disclosed an investment of $100 million in blockchain projects with C2 Ventures.

As of 2022, the platform has more than 1.3 million monthly active users and sold approximately 26,000 NFTs, one of which was worth over $3 million.  

How Does GALA Work?

Unlike other gaming ecosystems, GALA allows players to participate in game development through community votes. Players are in control of the items they own in-game, for example, their NFTs.

In addition to Town Star, GALA Games also produces an NFT series, Vox. The platform’s token rewards depend on network nodes, the operation of which must be continuous for a minimum of six hours each day to be eligible.

As a result of these rewards, the network continues to expand, with each node contributing to game hosting. Users can join the GALA Games ecosystem by downloading the node software purchased with their account.

As the network grows, nodes on it will become NFTs that are tradeable on OpenSea and other NFT exchanges. Besides, the company aims to revolutionize the video game industry.

Most PC gamers dislike blockchain games due to their tendency to monetize everything. However, recognizing that each audience has its preferences, the platform makes ownership a critical factor in blockchain gaming.

Is GALA a Good Investment?

GALA can be a great choice as a long-term investment, and the forecast is slightly more bullish. Due to its strong support from gaming and growing popularity, it has an edge over its competitors.

It holds a prominent position in the market. It is an entirely decentralized platform for playing games. The platform intends to let the players manage their games as they want. Additionally, the platform makes it impossible for players to delete avatars and items in one click. Blockchain technology allows it to accomplish this. Players control all assets, no matter what type of item it is. As a result, it makes a significant long-term investment.