Recently, we have observed a rise in play-to-earn blockchain games. This has changed the way the gaming industry functions. However, players still spend endless hours and money to build their in-game assets. But, these assets can be taken away from players at any moment.
As such, players do not have any ownership over their in-game assets. Therefore, there are crypto projects that seek to disrupt the gaming industry further. For instance, Gala Games seeks to give the power back into the hands of the players. Let us understand what it is and how it plans to do that!
What are Gala Games?
Gala Games is a game development platform for blockchain play-to-earn games. It is built on the Ethereum and Binance Smart Chain. It is a platform that allows developers (game studios) to focus on game quality. At the same time, it ensures the developers are profitable and control is passed on to players.
Furthermore, It aims to build a strong gaming ecosystem for empowering its users. This ecosystem is called the Gala Games Ecosystem. The ecosystem already has 14 games (and increasing). The Gala ecosystem also has a store where players can buy in-game assets.
Moreover, Gala Games is currently creating its own blockchain, GalaChain. It will be the first-ever blockchain developed especially for building games. GalaChain will lower transaction fees on the network and stabilise it. Additionally, it also plans to acquire new partnerships. It has already made serious progress with the likes of Frank Miller, Under Armour, and AMC. Many more partnerships are yet to come.
Genesis and History
Eric Schiermeyer, Wright Thurston, and Michael McCarthy established the Gala Games in 2019. Eric is the ex-CRO of Intermix Media and the co-founder of Zynga. Moreover, Michael was the creative director at Zynga. Wright is one of the first major miners and holder of numerous blockchain patents.
Moreover, Intermix Media is an internet marketing company that created MySpace. Zynga is a social video game developer that focuses on mobile and social media networking platforms. It is responsible for viral games like CityVille, CastleVille, FarmVille, FarmVille 2, etc. Basically, Zynga dominated Facebook’s online games list.
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Evidently, the three are veterans of the gaming industry. The trio got together and reimagined games with a blockchain twist. They wanted to create a gaming ecosystem where users owned and controlled their in-game assets. As such, they aimed to give the power back into the hands of gamers. This is how Gala Games was born.
Gala Games: The Four Principles
The Gala Games follow a few guiding principles for building its gaming ecosystem. The principles are as follows:
- Fun First: It tries to keep blockchain invisible or in the background. It puts more focus on the fun of playing games. The games that are created within the ecosystem are accessible to all. It does not matter how well you are versed with blockchain.
- Owned by Players: Unlike centralised games like World of Warcraft, Minecraft, etc players in its ecosystem retain ownership of their in-game items/rewards. For instance, let us say that a player owns a CraneBot from Town Star (a game by Gala Games). CraneBot is an NFT that is issued on the Ethereum blockchain, As such, it exists on the Ethereum network, not on Gala Games. Furthermore, it is not capable of taking the NFTs back. However, users may choose to sell the NFTs if they wish to.
- Community Rules: It develops its games with the help of its community. It engages and tests assumptions with its Discord community. The inputs from the community shape the designs of games.
- Powered by the People: The Gala Games network is supported by users. These users are responsible for operating Gala nodes from their personal computers and devices.
The First Game: Town Star
The very first game released by Gala Games was Town Star. It was a farming simulation game. The game allowed users to build a farm. Then, the farm would compete with other farms in weekly competitions. Town Star also had a reward structure that gave the top 100 players the GALA token. The game has already been played by above 600 million players.
How Does Gala Games Work?
The most instrumental part of the Gala Games Ecosystem is the Founder’s nodes. These nodes provide players with ownership of their in-game assets. In exchange, these nodes get the GALA tokens, NFTs, and governance power. Moreover, Founder’s nodes have a “see-saw” algorithm. The algorithm determines if the network requires power or storage. This helps the network adjust on the go.
Founder’s nodes can be purchased directly from the Gala Games website for about 1.69 million GALA tokens (~$96k). These nodes have a limited supply of 50,000. Currently, there are above 16,000 users that run a node to maintain the ecosystem. Once these nodes are sold, Gala will begin selling game-specific nodes.
Game-specific nodes will help in creating a localised network for each game. Such localised networks will help in scaling the platform. The rewards for these nodes will also be game-specific. Additionally, these nodes may also be allowed to vote on game changes.
The GALA Token: A Snapshot
The GALA token is an ERC-20 utility token that is hosted on the Ethereum network. In all games on the Gala Ecosystem, the token is the primary form of payment. Additionally, it may be used to buy in-game items and NFTs from the Gala Store.
The GALA token also gives users governance power. Founder’s nodes can earn GALA by supporting the Gala ecosystem. Token holders and node owners can participate in voting regarding important matters. These matters can range from adding games to the platform or funding projects.
There was no initial coin offering or presale for the GALA token. Instead, Gala wanted their nodes to organically release the GALA token. Since Gala’s inception, it has felt strongly about decentralisation. As such, the team decided against any early distribution of the GALA token. Furthermore, the GALA token has a maximum supply of 500 billion.
Price Prediction for GALA
At the time of writing the GALA coin was trading at $0.054. However, most of the price predictions on GALA are bullish for the next ten years. The Wallet Investor predicted that GALA would trade around $0.219 in 2023 and may reach $0.870 in five years. Digital coin forecasts that GALA will average $0.0708 in 2022, $0.12 in 2027, and may reach $0.22 in 2029.
Furthermore, Gov Capital forecasts that the GALA coin would trade at $0.76 in a year and jump to $6.961 in five years. The Price Prediction estimates that GALA will be around $0.27 in 2025, up from $0.054 in 2022, and will rise to $0.85 by 2028 and $1.92 by 2030. Before you buy GALA, keep in mind that these are just predictions and not absolutes.
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As mentioned above, Gala Games is a blockchain game development platform. It aims to allow players agency over their in-game assets. Moreover, it plans to do so by building its gaming ecosystem. The ecosystem will have numerous games. These games will have in-game assets as NFTs. As such, players will have ownership of their in-game assets forever.
Moreover, Gala Games plans to build its own blockchain now. This will help it reduce transaction cost and achieve scalability. The GALA token is the utility token used by the Gala platform. It is an ERC-20 token that is hosted on the Ethereum blockchain.
Ownership of the token provides you with governance rights. In the Gala ecosystem, it also functions as a medium of exchange. Knowing what you know now about the GALA token, We are sure you are wondering, “How to buy GALA?”. Now, you can buy the GALA token with Zebpay.