GameFi: Where Gaming Meets Blockchain
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GALA
Gala Games (GALA) is a blockchain-based gaming platform making waves in the NFT and DeFi arenas. Gala Games offers players the chance to play, compete, and earn rewards through a wide range of stunning and popular games.
The GALA token allows users to access new levels and features within their favorite games; it also enables them to participate in different activities such as staking rewards and NFT collections. The token can also be used for transactions on the platform.
As more gamers get familiar with the platform and its possibilities, it’s becoming increasingly popular among those who are aware of its potential.
In this article, we’ll give you an overview of what makes GALA unique from all others in the Crypto Industry and how you can benefit from it.
What is Gala Games (GALA)?
A Decentralized and equitable web3 gaming ecosystem or bionetwork is what Gala Games (GALA), a Web3 blockchain-based playing platform, seeks to establish. Players can own their in-game or in-play assets and have complete control over them because of the platform’s use of digital ledger or blockchain technology.
For the platform to support transactions inside the bionetwork, GALA, its native coin, is used. Town Star, Mirandus, and Fortified are just a few of the blockchain-based games that GALA offers. Because the in-game items in these games are represented by non-fungible tokens (NFTs), this allows players to possess and exchange their in-play items outside of the game.
Also, the GALA platform features a market area where users may exchange their in-play goods for cash. Gala VIP Club, the platform’s additional loyalty program, gives users GALA coins in exchange for their participation in the network.
The technology behind Gala Games (GALA)
Here are some of the key technologies that power the GALA:
- Ethereum (ETH) blockchain: Gala secures and keeps track of all interactions and transactions between users, game producers, and the games themselves using the ETH Cryptographic Ledger as its underlying technology. Smart contracts, which are self-executing programs that automatically uphold the platform’s laws and logic, are used by the platform.
- ERC-20 Token Standard: The GALA cryptocurrency used by Gala is based on the Ethereum ERC-20 token specification. The GALA coins, which can be traded on digital currency exchanges, are utilized for in-play prizes and purchases.
- Node.js: The server-side runtime environment for Gala is Node.js. Scalable network applications can be created using Node.js, an open-source, cross-platform JavaScript runtime environment.
- IPFS: Within the Gala, the system stores game assets like photos, videos, and other media files using the Distributed InterPlanetary File System (IPFS). IPFS lowers storage costs while enabling quicker file sharing and improved file management.
- Unity: Gala aims and makes use of Unity as its main game creation platform. Known for offering a variety of tools and capabilities for game development, Unity is a well-liked cross-platform game engine.
- Gala Games’ Wallet: Players can store and manage their GALA coins via the web-based wallet that Gala offers. Players can quickly access and use their coins throughout the ecosystem thanks to the wallet’s integration with the Gala platform.
How does GALA (GALA) work?
Players can earn digital currency while playing games on GALA, a blockchain gaming which was created by industry-leading game developers to redistribute value back to the players with the help of Web3 technology. Here’s how it functions:
- Blockchain or Cryptographic Technology: A peer-to-peer platform provided by Gala, powered by a cryptographic ledger, provides secure, transparent, and ethical gaming.
- GALA Token or Coin: The GALA coin serves as the platform’s native digital currency for the Gala. By taking part in various platform activities and playing games, users can earn GALA coins.
- Gaming Platform: There are many different games available on Gala’s platform. These video games were created by independent game developers and are now available on the Galas platform.
- Play-to-Earn Model: Players can earn cryptocurrencies by playing games on the Gala platform because it is based on a “play-to-earn” crypto and non-fungible token (NFT) game built on the Ethereum blockchain. They can earn more money by participating and playing more on the platform.
- NFTs: These are another currency used by Gala. In-game objects like guns, skins, and other collectables can be represented by NFTs, which are special digital assets. On a number of digital currency exchanges, these NFTs can be purchased, sold, and exchanged.
- Decentralized Autonomous Organization (DAO): Galas offers a DAO that enables users to take part in platform administration. Users can vote on crucial choices and recommendations pertaining to the creation and management of the platform, so to speak.
What Makes Gala Games (GALA) Unique?
Gala Games are distinctive for the following reasons:
- Ownership of game assets: The fact that users control their game assets is one of Galas’ distinctive features. As a result, users can freely purchase, sell, and trade in-play goods, which is not possible on conventional e-playing platforms.
- Peer-to-Peer game platform: Due to the fact that Gala is based on a digital ledger, no single entity has control over the games. By doing this, the games are made open and equitable for all players.
- Community-driven approach: Gala is meant to be a platform that the community controls. Players can influence game production, and the platform promotes player cooperation to provide original gaming experiences.
- Cross-platform compatibility: Gala is made to work on a variety of devices, including desktops, mobile phones, and game consoles. Due to this, users may play their preferred games on the platform with ease using a variety of devices.
Community and partnerships of Gala Games (GALA)
By the creation of a distributed environment, GALA seeks to empower both game producers and users. Attaining this objective depends heavily on the community and partnerships of the GALA.
Community: Players, developers, investors, and fans who are enthusiastic about dece-based games make up the Galas community, which is active and expanding. Social media sites like Twitter, Discord, Telegram, and Reddit are used to interact with the community. To encourage the community to use the site and engage, the company frequently hosts events and competitions.
Partnerships: Galas has forged a number of strategic alliances with businesses and institutions to aid in the platform’s development.
Some of the notable partnerships are:
- Binance: One of the biggest digital currency exchanges, Binance, has teamed with Galas so that GALA, the company’s native token, would be listed there.
- Chainlink: To deliver dependable and secure data feeds for its games, Galas has integrated Chainlink’s distributed Oracle network.
- Animoca Brands: Galas and Animoca Brands, a well-known digital ledger gaming business, have joined forces to create digital ledger-based games.
- Splinterlands: To include its game in the Galas’ bionetwork, Splinterlands, a well-known collectable card game built on a digital ledger, has partnered with Galas.
- Polygon: In order to enable quick and affordable transactions for its platform, Galas has teamed with Polygon, a Layer 2 scaling solution for ETH.
- Huobi: Gala and Huobi have partnered to support high-quality projects and provide ongoing curation. They plan to simplify on-ramps, off-ramps, and bridges with their layer 1 integration to enhance user experience.
GALA has access to cutting-edge technology, resources, and knowledge through these collaborations, enabling it to innovate and expand its platform.
How can Gala Games (GALA) be mined?
The Ethereum blockchain is the platform for the ERC-20-based digital currency GALA. Nevertheless, unlike other cryptocurrencies like Bitcoin or ETH, GALA cannot be mined using the proof-of-work (PoW) or proof-of-stake methods (PoS).
Instead, GALA makes use of Proof-of-Stake Sidechains, a distinctive consensus technique (PoSS). Several sidechains that are linked to the primary Gala could be created using this approach. In the Gala network, new games or decentralized apps (dApps) can be developed using these sidechains.
In order to participate in the PoSS consensus mechanism and gain GALA rewards, users must become validators on the Gala network. Validators are responsible for verifying transactions on the network and adding new blocks to the digital ledger. They are selected based on the amount of GALA they have staked on the network.
Validators can gain GALA rewards by validating transactions and blocks on the network. The amount of GALA earned depends on the number of validators on the network and the amount of GALA staked by each validator.
Users can gain GALA rewards by engaging in the Gala Games ecosystem in addition to receiving rewards through validation. This includes engaging in digital playing activities, buying in-play goods, and attending social gatherings.
It should be noted that hosting a Gala node and staking GALA on the network are two technical requirements for taking part in the PoSS consensus mechanism and receiving GALA rewards. It is advised that you conduct your own research and look for tools and communities that will assist you in getting started if you are interested in obtaining GALA.
Where to sell or buy Gala Games (GALA)?
GALA is a digital currency or cryptocurrency that can be bought and sold on various digital currency exchanges. Some popular exchanges that offer GALA trading include:
- Coinbase
- ProCrypto.com
- Uniswap
- Bitrue
- DigiFinex
- Polyient DEX
- Hotbit
- MXC
- SushiSwap
- BitMart
How does Gala Games (GALA) compare against its competitors?
An ecosystem for playing that is more fair and transparent is what GALA, a digital ledger-based platform, seeks to build. GALA separates out from the competition despite there being a number of alternative game platforms available:
- Decentralization: Galas, unlike many other game platforms, is built on a digital ledger, giving users more control over their in-play assets and enabling direct player-to-player trades without the use of a centralized middleman.
- Focus on a community: With frequent gatherings and chances for players to interact with the development team and offer input on the development of games features and new games, Galas places a heavy emphasis on fostering community.
- Unique games: Galas offers a range of unique and innovative games, such as Mirandus, which are not available on other game platforms.
Gala Games (GALA) History
Eric Schiermeyer, a co-founder of Zynga, and several seasoned business professionals established the Gala Games platform, a digital ledger-based playing platform, in 2020. With the help of the platform, gamers will be able to buy, sell, and trade virtual goods in-game.
The native digital currency of Gala Games, GALA, is an Ethereum-based ERC-20 token. It may be sold on several digital currency exchanges and is the main form of payment for platform transactions.
GALA has published a number of games on its platform, such as the farming simulation game Town Star and the fantasy-themed massively multiplayer online role-playing game (MMORPG) Mirandus. Also, the platform intends to add more games in the future.
Gala Games is working on a variety of digital ledger-based products in addition to games, including the Gala Wallet, a cryptocurrency wallet that lets users store GALA and other cryptos, and the Gala Marketplace, an online marketplace for buying and selling in-play goods.
Since its debut, GALA has developed a sizable fan base in the game portal and digital ledger sectors. To increase functionality and better user experience, the platform has also worked with a number of digital ledger businesses and projects, including Polygon and Chainlink.
As of early 2023, Gala has continued to expand its offerings and partnerships. They have launched several new games on their platform, including the tower defense game Fortified and the adventure game Krystal Kart. They have also announced upcoming releases such as the sci-fi MMORPG Echoes of Empire and the action RPG Dragon Scale.
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