CoinEx | The Platform Behind the GALA Surge, How did Gala Games Come to be Known as the Blockchain Game Center?
Concepts such as NFT, the metaverse, and GameFi have boomed. Driven by current investment trends, the gaming mechanism of Play to Earn has presented great opportunities, and all kinds of blockchain games are popping up. Of these games, one project aims to build an all-encompassing platform for the game sector. This project is called Gala Games, which is a rare blockchain game platform based on the ERC1155 standard.
Although most people are familiar with ERC20 or ERC721, many may not have heard of ERC1155, which is a new token standard released by service providers of game development. The standard aims to help game developers save costs and make transactions more efficient. As a combination of ERC20 Token and ERC721 NFT, ERC1155 can be used to deploy an unlimited number of regular tokens and NFTs in one smart contract. Meanwhile, using ERC1155, we can also have multiple complex transactions packaged and submitted to blockchains, thereby saving huge gas fees and making transactions more efficient.
As a game developer founded in 2018, Gala Games is developing and operating a variety of games. Gala Games introduces non-blockchain players to decentralized games by creating simple access and allowing them to control their game assets. Moreover, with Gala Games, players can trade the items obtained from the game on the blockchain. Gala said that the decentralized Gala Games ecosystem aspires to blow the doors wide open and give back to players the control they deserve.
Gala Games is both a game developer and a game aggregator (or game store). In addition to the games developed by the Gala team, games developed by other teams may also be launched on Gala Games (node voting is required). In the future, Gala Games will create standardized crypto toolkits, NFT libraries, and wallets so that other game developers can have these functions integrated into their games and become part of the Gala Game ecosystem. This is why Gala was once noted as the “blockchain game center”.
Gala Games was founded by Eric Schiermeyer, who is a former developer of FarmVille (one of most popular Facebook apps in 2009) and the co-founder of MySpace (formerly the world’s largest social networking site) and the social game company Zynga (a ten-billion ($) worth entity listed on the NASDAQ). As a game under Zynga, Farmville went viral all over the world in 2009, and Eric was its chief designer. At its peak, Zynga created an industry legend of 235 million monthly active users (MAU) and 25 million daily active users (DAU). Right now, Eric is focusing on the development of blockchain games.
Based on the ERC20 standard, the native token of Gala Games GALA provides a convenient channel of payment and settlement for participants in the Gala Games ecosystem. In addition to in-game payments, players can use GALA to buy game items and get game rewards.
What is noteworthy is that though GALA does not represent any equity, ownership, or other stakes in Gala Games, players do have a say in the development roadmap of Gala Games. Players and node operators can participate in the decision-making of the types of games to be launched on the platform and the use of funds through a distributed voting mechanism.
Players can get GALA in three ways.
1. Players can receive daily rewards by becoming a node operator who keeps the Gala Games network secure and stable. To become a node operator, players need to buy a license (Founder’s Node). A node operator will receive 1 point a day, provided he keeps running the node for at least six hours a day. The points are recorded by Gala’s point system, which determines the allocation of token rewards through a random algorithm. At the moment, 1 point equals 742 GALA tokens.
2. Players can join the GALA ecosystem and invite their friends for referral rewards. Players can receive 10 points for inviting friends to become a Founder’s Node. When the invitee meets the daily standard of node operation, the inviter can get 0.1 extra points per day.
3. Players can buy GALA in secondary markets.
Town Star is the first game developed by Gala Games. In this farming simulator, Players can grow crops on their land, collect resources, and build factories to improve their economic status as they go along. When playing the game, players need to consider the balance of their economy. The game is challenging and strategy-centered. Beginners frequently fall into economic deadlocks at the very start. After the launch of Town Star, Gala released a reward plan that offers GALA tokens to the top 100 players, which drew plenty of new players into the Gala ecosystem.
According to its official website, Gala is developing three new games while voting on the launch of another game. In addition, the Gala Games ecosystem has been powered by nodes operated by more than 8,000 players. According to relevant reports, Gala has reached cooperation with top DeFi projects such as 1inch Network and Yearn Finance. Moreover, the platform has also established partnerships with Opera (a world-leading browser developer) and BSC. GALA has already been listed on CoinEx for a while now. A few days ago, after GALA was listed on Binance, its token price soared by 265%, which has placed Gala Games at the center of the crypto market.
All kinds of GameFi projects are rushing into the crypto market. Considering the user base, activity, total market cap, and project development of these projects, the boom of game tokens is far from the end, and GameFi remains a blue ocean. We are convinced that GALA will deliver exceptional results in this blue ocean.