Gala Games (GALA) is a play-to-earn gaming ecosystem. The network provides decentralized gaming solutions to the market that empower users in new ways. Specifically, the developers seek to improve GameFi and blockchain adoption. GameFi is a term used to describe the melding of finance and gaming.
Play to earn games networks are on the rise. These networks enable users to unlock value that was once regulated to a specific gaming environment. As such, there has been a lot of other play to earn games surrounding these networks. Notably, this attention translated into heavy support from investors for the Gala. Specifically, C2 Ventures partnered with Gala Games to form a $100 million fund to invest in furthering the play-to-earn gaming market.
Specifically, the developers seek to improve GameFi and blockchain adoption. GameFi is a term used to describe the melding of finance and gaming.
Play-to-earn gaming networks are on the rise. These networks enable users to unlock value that was once regulated to a specific play to earn games environment. As such, there has been a lot of hype surrounding these networks. Notably, this attention translated into heavy support from investors for the Gala. Specifically, C2 Ventures partnered with Gala Games to form a $100 million fund to invest in furthering the play to earn gaming market.
How Does Gala Games (GALA) Work
The Gala Games environment combines a custom-made utility and governance token, a responsive blockchain, and NFT technology. The network enables developers to build using these tools. Users can take their Gala Games assets and trade them on popular DEXs like Uniswap.
One of the main components of the Gala’s strategy is the creation of a custom blockchain called the GalaChain. This fourth-gen blockchain will support all Defi capabilities, including staking and NFT design. The purpose of the network is to provide relief from congestion experienced on the Ethereum network.
What Problems Does Gala Games (GALA) Solve?
There is a multitude of issues that Gala attempts to rectify. For one, the gaming industry has long left users out of the loop in terms of profits. The play-to-earn gaming sector is a multi-billion dollar market. In the past, gaming enthusiasts poured money into the market but could never recapture these funds once spent.
Gala seeks to cut users in on the billions being made through gaming platforms. The network wants to enable you to take value from gaming ecosystems in the form of NFTs (non-fungible tokens) and other digital assets. You can leave the play to earn a gaming ecosystem and trade these items on various DEX (decentralized exchanges) for other popular cryptocurrencies.
Benefits of Gala Games (GALA)
There are many benefits that users and developers gain through the entry of Gala into the play to earn market. For one, developers can leverage Gala’s blockchain infrastructure to create better and more rewarding titles. The network was designed to support the latest and most immersive metaverse environments. In this way, the network seeks to provide more entertaining games powered by blockchain technology.
GALA Coins operate as the primary utility and governance tokens for the market. Users play to earn rewards and pay fees with these tokens. You can also use GALA to trade and send value to friends and family globally. The tokens are currently ERC-20 standard, but upon completing the GalaChain, they will migrate over to the new network and enjoy the added benefits of free transactions.
It’s one thing to spend all day playing your favorite title and walk away with some props from your friends and possibly your name on a leader board. It’s an entirely different gaming experience when you walk away with actual value. Providing users the ability to convert and trade their digital assets both in and out of the gaming ecosystem is a massive upgrade for all parties.
Additionally, Gala developers can include more valuable assets in their ecosystems. Blockchain-based play to earn games provide instant verification and authenticity capabilities to the market. In this way, gamers know exactly how scarce a digital item may be. This capability adds to the overall value of the item.
Another significant benefit of Gala is that it can incorporate a real economy into its gaming titles. The internet already has some large MMORPGs that provide real economies. However, these markets are limited in nature and liquidity as they are only based on a single gaming title. Gala assets can be sold on the open market. Also, the developers can create multi-game assets using this technology.
Gala is unique in that the users have partial ownership over the platform. The community governance system enables regular users to get a say in the market’s developments. You simply need to stake your GALA tokens to access this feature. The system examines the number of tickets you have staked to determine the overall weight of your vote.
How to Buy Gala Games (GALA)
Gala Games (GALA) is available on the following exchanges:
- Bitstamp – Founded in 2011, Bitstamp is one of the oldest & most trusted exchanges in the world. They currently accept Canada, UK & USA residents, excluding the states of Alabama, Hawaii, Idaho, Louisiana, Nevada, & New Jersey.
- Uphold – This is one of the top exchanges for the United States & UK residents, offering a wide range of cryptocurrencies. Germany & Netherlands are prohibited.
- Binance – Best for Australia, Canada, Singapore, the UK, and most of the world. USA residents are prohibited from buying Gala Games (GALA). Use Discount Code: EE59L0QP for 10% cashback of all trading fees.
- KuCoin – This exchange currently offers cryptocurrency trading of over 300 other popular tokens. It is often the first to provide buying opportunities for new tokens. This exchange presently accepts International & United States residents.
- WazirX – This exchange is part of the Binance Group, ensuring a high-quality standard. It is the best exchange for residents of India.
Play-to-earn platforms like Gala Games continue to reshape the gaming sector. These protocols provide users with a unique opportunity to create an income doing what they love to do. Consequently, play-to-earn gaming like Gala is on the rise. You can expect to see many more development firms attempting to enter the market as Gala Games begins to release its titles in the coming days.