This is Part 1 of an article series about Gala Games. In the current bear market, many projects are fading away. Even in the gaming space, huge promises once made are now being broken left, right, and center.
However, one particular project continues to deliver high quality games. Without further ado, let’s dive into Gala Games. Today, we look at what this project is about and how it works. Also, we sneak a peek at its owners and leadership, before checking out their game offerings. Lastly, we take a look at how to get your hands on some $GALA tokens.
What Is Gala Games?
Gala Games is a blockchain-powered NFT games platform. It aims to empower players to take ownership of NFTs within the gaming sector.
But, Gala Games isn’t simply just about gaming. It’s about HIGH-QUALITY gaming. For sure, not any game creator can launch their buggy prototype games on Gala’s platform. I’m sure you wouldn’t want to spend your time playing these too! In terms of game quality, Gala Games resembles Steam, more so than Roblox. Here, only high-quality games can launch on its platform. With this idea, Gala believes it can achieve longevity in the blockchain gaming space.
A recent example – Spider Tanks – was launched just last month. And I’ve got to say, its got some stunning graphics!
Welcome to esports evolved
The time has arrived – SPIDER TANKS IS LIVE!
— Gala Games (@GoGalaGames) October 31, 2022
Moreover, Gala also believes in letting players control and develop their games. It consistently engages the community for testing and feedback. Such actions help to shape the games which form the Gala ecosystem. Also, much power resides within the Gala node owners, whom are players like you and me too! We’ll discuss more on nodes in the following sections.
Now, you could be thinking, “Well, this seems like a well thought-out plan for a gaming project!” Well, let’s see who’s the brains behind the scenes, shall we?
Who Owns Gala Games?
The co-founders of this project are:
- Eric Schiermeyer. He is also the co-founder of Zynga.
- Wright Thurston. He is also a major crypto miner and patent holder.
- Michael McCarthy. He is also the creative director behind games like Farmville 2.
Gala is also well funded by other funds. These include the Binance Accelerator Fund and Krenex Capital.
How Does Gala Games Work?
Gala’s platform exists today on the Ethereum network and Binance Smart Chain (BSC). However, do note that there was a recent hack on their $pGALA token on BSC.
The Gala platform is supported by Gala nodes. These nodes can be run by users like you and me, from our home computers. By doing so, we can receive $GALA token rewards and rare NFTs in return. Of course, we also help to support the Gala ecosystem.
Moreover, Gala node owners can also vote to decide which games can be funded or launched on Gala. As we mentioned earlier, much power resides with the node owners!
So, how much does it take to run a Gala node? Well, as of now, the license costs about 4.6 million $GALA, or USD $92,000. To be frank, it’s quite pricey at the moment.
Is Gala Games Popular?
If you’re considering setting up a node, you would want to check if Gala’s ecosystem is active. From their site, we can see that it has managed up to 1.3 million monthly active users. Moreover, Gala is also in the top 10 market cap for GameFi crypto projects. That is a testimony of their popularity.
However, as with all other gaming projects like Axie Infinity, the number of active users has dwindled. So, sentiments on blockchain gaming and the play-to-earn (P2E) narrative are on the low right now.
But then, it could present an opportunity for crypto investors like you and me.
Where Do You Buy the Gala Games Token?
So, what opportunity are we talking about? The $GALA token of course! If you believe that the Gala team will attract more gamers in the future, then you would want some. If that is indeed the case, then you’d be glad to know that the token is available in many places.
To find these places, head on over to the $GALA CoinGecko markets page. From here, you’d be guided on where $GALA tokens are traded. See the below screenshot for $GALA token’s ready markets. These could include both centralized exchanges (CEXes) and decentralized ones (DEXes).
As a general guideline, look for exchanges offering:
- Low Spread.
- High Volume.
- Green Trust Score.
All these help to ensure that you get an accurate price for your $GALA tokens. With the list above, I would recommend you get $GALA tokens from Binance.
To summarize, we hope you’ve enjoyed Part 1 of this article series! Here, we’ve answered some basic questions on the Gala platform. But, if you want to truly experience its offerings, we’d suggest for you to try out their games! Fire up your gamer’s thumbs and check them out!
Read Part 2 to continue this article.
⬆️ For more cryptocurrency news, check out the Altcoin Buzz YouTube channel.
⬆️ Our popular Altcoin Buzz Access group generates tons of alpha for our subscribers. And for a limited time, it’s Free. Click the link and join the conversation today.