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Latest cryptocurrency news > ALTCOIN > Gala Games: Empowering Gamers through Blockchain Ownership
ALTCOIN

Gala Games: Empowering Gamers through Blockchain Ownership

BH NEWS
Last updated: 4 March 2024 21:40
BH NEWS 2 years ago
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Gala Games is pioneering a movement in the gaming landscape by ensuring players regain control through blockchain technology. Their objective is to develop engaging blockchain games that captivate the actual gaming community.

Contents
Empowerment and Ownership in GamingBehind the Scenes of Gala GamesGALA Token: How to Acquire the Cryptocurrency

Empowerment and Ownership in Gaming

The company is addressing the issue of gamers investing time and money without ownership of their in-game assets. By leveraging blockchain, Gala Games enables players to have real influence and control in game development and asset management. Players can possess unique non-fungible tokens (NFTs) and take part in decision-making through Founder’s Nodes votes. Gala Games has launched Town Star, a playable game, and an NFT series called VOX, with more titles like a fantasy RPG and sci-fi strategy game in the pipeline.

Since its inception in 2019, the platform has grown to 1.3 million active users monthly and has sold over 26,000 NFTs, highlighting one piece that sold for a staggering $3 million.

Behind the Scenes of Gala Games

At the helm of Gala Games is Eric Schiermeyer, a co-founder of Zynga, who has been at the forefront of social and mobile gaming. After Zynga’s success with games like Farmville, Schiermeyer directed his focus towards blockchain gaming with Gala Games, which was established in July 2019.

Gala Games incentivizes users to operate nodes that sustain the network, rewarding them with GALA tokens, NFTs, and other opportunities. The network utilizes a unique tri-proof system including Proof of Work, Proof of Stake, and Proof of Storage, ensuring the decentralization of game hosting and avoiding reliance on traditional cloud services.

GALA Token: How to Acquire the Cryptocurrency

Gala Coin is available for purchase on Binance, the largest crypto exchange by trade volume. Users can sign up on Binance, deposit fiat money, and then trade GALA through various cryptocurrency pairs. Binance also offers the option to use the ‘Limit’ order feature, allowing buyers to set their desired purchase price.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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