What is Gala Games (GALA)?

What is Gala Games (GALA)?

Gala Games is a combination of decentralized blockchain games that allows users to play, earn, stake, and sell assets with each other. It came into existence with the vision of revolutionizing the traditional gaming industry. While conventional games only allow players to play the games, Gala Games gives back the power over games to gamers with the help of blockchain technology.

Gone are the days where the gaming industry is controlled by the big gaming developing companies. Blockchain completely changed the face of the gaming industry with its characteristics like decentralization and true ownership. 

In the words of Gala Games founder Eric Schiermeyer, everything that exists on the internet and has digital life will be touched by the next phase of the internet. Eric truly believed that blockchain brings the next phase of the internet we see today and he developed Gala Games because of the same reason. 

The Origin and Growth of Gala Games

Eric Schiermeyer is the person behind Gala Games developments. He was already famous as one of the co-founders of a social gaming company called Zynga. The passion of Eric Schiermeyer in the gaming industry combined with an interest in blockchain technology gave birth to the Gala Games we see today.

The Gala Games was launched in 2019 and became one of the early blockchain-based gaming platforms. When the NFT and blockchain-based games hype was at its peak during the crypto bull market in 2021, Gala Games witnessed an incredible growth of more than 321% in just one week of November. The popularity and adoption has continuously increased over the years, forming a loyal community of players.

After around 5 years of its launch, the Gala Games has monthly active users of over $1.3 million and 26,000 total NFTs with more than 90 team members, as per the Gala website. Not just players but also developers and creators have also joined Gala Games over the years, contributing to its growth and adoption.

How Do Gala Games Work?

With blockchain technology and its functionalities, Gala Games gives complete ownership of games to players, empowering them to earn rewards and make money. However, the core focus on Gala Games is definitely to provide an immersive gaming experience, bringing players into a true gaming world. The Gala Games serve all kinds of players without any difference, whether they are beginners or professionals.

Unlike traditional gaming platforms, players of Gala Games can have complete ownership of their in-game assets and rewards. For example, if you win some battles on the Gala games and get an in-game asset as a reward, you will have 100% ownership of it. Unlike the rewards you see in traditional games, any in-game asset on the Gala Games exists on blockchain, allowing you to actually own it.

One of the unique and noteworthy features that sets Gala games apart from other blockchain-based games is the Gala Games Network relies on the player-owned Node Ecosystem. Similar to how Bitcoin is run by nodes that spread across the world, making it decentralized and secure, the Gala Games is also run by nodes that exist in different parts of the world. Around 16,000 player-run nodes are participating in the Gala Games ecosystem, as of 2024.

With this kind of decentralized ecosystem, players not only play Gala Games but also have a say in the future development of the platform. All of the community members have rights to participate in decisions that shape the future of the Gala Games. They even participate in every step of decision-making such as determining which games should be added to the platform.

GALA: The Native Token of Gala Games

The GALA token is the native token of the Gala Games platform. Much like most of the blockchain-based games, the Gala Games also exists on the Ethereum blockchain, making GALA compatible with the ERC-20 token standard. It plays several roles in its ecosystem from offering governance rights to enabling in-game transactions.

The GALA token holders can participate in the governance of the Gala ecosystem and vote on certain key proposals regarding the platform’s development. This also improves the community-centric approach of the Gala Games, making it a decentralized platform with a diverse background. Additionally, players can buy, sell, or trade in-game assets using GALA tokens on its marketplace.

Most recently, the platform launched GalaSwap decentralized exchange in Feb 2024, offering token rewards and referral incentives to users. The increased internet among both players and investors is clear with a significant price surge in the GALA token. You can buy GALA tokens on all major crypto exchange platforms such as Binance, Bybit, OKX, KuCoin, etc.