Gala Chain Development

Blockchain games built on the Play-to-earn principle have become a new trend after the NFT sector boom. One of the flagships of this market is Gala Games. The organization decided to destroy centralization in the industry and unite the best gaming studios that use blockchain technology and non-fungible tokens.

History

In 2019, Eric Schiermeyer, co-founder of a large company, Zynga, decided to start a new project. He founded the Gala Games organization with ambitious goals: to give freedom to every person through the game and return power to gamers. Anyone can earn cryptocurrency and NFTs simply by completing missions and upgrading characters in different virtual universes. In addition, all items and artifacts are owned not by the developer studio but by the gamers themselves.

The founding team includes:

Eric Schiermeyer. A legend in the gaming industry. His company Zynga released the cult game Farmville for the social network Facebook and the online MMO Mafia Wars, which has 19+ million users.

Wright Thurston is a blockchain specialist and one of the first to start mining. He was and remains the CEO of many large projects, including Give Blockchain, Firstline Security, and Elevate In. Hehe has dozens of patents for technologies related to the distributed registry.

Michael McCarthy. The creative director helped create the cult online game Farmville 2. In it, users open their farms.

The organization initially focused on creating blockchain games and attracting partners from among development studios. The first project was TownStar. This is a farming blockchain game that, in a few months, entered the top NFT projects.

The team has never held an initial coin offering (ICO) or sold the Gala utility token to users. It was immediately agreed that you can become a holder through:

• Launching a node
• Referring other people to purchase licenses for a node, that is, attracting referrals.
• Advertising a blockchain game to other users

This utility token was also listed on dozens of exchanges, so becoming a holder is now easier.

Features of the cryptocurrency

Gala Games is a large-scale ecosystem that aims to support gamers and blockchain game developers. It is based on the play-to-earn principle. Users who upgrade their skills, complete quests, and complete tasks receive real profit in cryptocurrency and non-fungible NFT tokens.

The difference from other similar projects is the focus not on the blockchain but on gaming and entertainment.

Gala is a comprehensive NFT gaming platform operating on the Ethereum and BSC networks. The platform includes an ecosystem of blockchain games that allows users to play, trade NFTs, and participate in governance.

The project ecosystem uses several types of tokens:

ERC-721. Non-fungible tokens or NFTs. Their characteristics are no ticker, indivisible, and always have only one copy. In this format, there are objects inside blockchain games: lands, characters, artifacts, and weapons. Each player who owns an item has an ERC-721 coin, which proves ownership of the content.

ERC-1155. Another token template in the Ethereum network. These can be both NFTs and fungible coins. Such tokens have the same (or improved) functionality as ERC-721 and ERC-20. For example, transactions with them can be grouped into one. This standard also issues objects necessary for the functioning of the game universe. Gamers can buy and sell them through special marketplaces.

GALA cryptocurrency

This is an ERC-20 utility token issued on the Ethereum blockchain. It is interchangeable, meaning that each coin is the same. The project developers are creating their own blockchain — GalaChain — but it has not yet been launched. Therefore, all tokens used in the game universe are issued on the Ethereum network.

Important legal aspects:

The token was created exclusively for use within the project universe.

Coins are not analogous to shares or other securities. They do not give the right to own Gala Games.

The project does not promise that holders will receive rewards, dividends, or investment income.

At the same time, coins have a management function: holders can vote for the inclusion of new NFT games in the Gala universe. This incentivizes developers and studios who want to expand their audience.

Operating principle

The project ecosystem is based on the Founder’s Nodes. Anyone can launch them to support the operation of the decentralized gaming network and give gamers the right to actual ownership of assets and content. But the total number is limited to 50,000.

A node’s functions depend on what resources the network needs most in a given period. An internal “swing” algorithm is provided to adapt to needs.

If there is a lot of storage but not enough computing power, the payment to nodes for processing will be increased, acting as an incentive.

Elements of the ecosystem

Main elements: the founding organization (1), development studios (2), random distribution algorithm (3), public database (4)

Gala Games

The organization curates and maintains the decentralized network, adding new games to the system, updating node software, developing technical solutions, and marketing.

Developers

These are studios that add their games to the ecosystem. They can release NFTs using the SDK (set of tools) and protocols developed by the founding organization. However, most nodes must approve the studio’s project to add the content.

Random Distribution Algorithm

Responsible for distributing rewards to nodes.

Public Database (DB)

The developer community will regularly audit and analyze the ecosystem. This data will then be included in a public database and used to develop the project.

Distinctive features

Features of the project and its utility coin:

This is primarily an expanding ecosystem that aims to unite blockchain game developers and not just a network or a separate company releasing content for gamers.

All tokens (NFT and utility) have the Ethereum (ERC) standard. However, the developers are focused on improving interaction between chains, so the coins (via bridges) can be used in other blockchains, such as Binance Smart Chain.

Holders have access to both classic ways of earning on cryptocurrencies (trading, investing, running a node) and more non-standard ones—completing missions in games, receiving prizes, and trading rare NFTs.

Gala Cryptocurrency Technology

The development team is creating its own blockchain, Gala Chain. But first, they are focused on gaming, so their main projects are games.

The utility tokens of the system do not have real backing in the form of gold reserves, other precious metals, or fiat currencies. Therefore, their rate is highly volatile. At the same time, the experience and assets of the founding organization and the constantly developing ecosystem of the project serve as guarantors for the fact that there will be no depreciation. Cooperation has already been concluded with well-known developers in the gaming industry, such as Frank Miller and Michael McCarthy. This Concept Art House company is considered one of the best in concept art. More and more studios are ready to provide their content.

The Gala cryptocurrency is the ecosystem’s fuel, allowing holders to play, own items, trade, and participate in project management. The functionality of the utility coin will be constantly expanding. Already implemented methods of use:

• Launch of founder nodes. You need to pay for the license using the system coins.
• Receiving rewards for maintaining the network.
• Purchasing items (NFT) in the marketplace.
• Upgrading characters/lands/artifacts in blockchain games.
• Purchasing cards from other Alliance members, such as Splinterlands.

The role of the vote. Holders who have launched nodes must reach a consensus to make decisions. They choose not only the blockchain games that will enter the ecosystem but also vote on the distribution of coins and other financial issues and make proposals for the project roadmap.

Although the creators invested in the coin-only functions that can only be implemented within the gaming ecosystem, tokens can be used for trading or long-term investments.

Mining in the classic sense is not available, but users can buy a license for a node. This software will protect the blockchain used for games, and the owner will receive profit for daily 6-hour work. Another way to acquire crypto units is to buy them through exchanges.

Methods of earning

Users interested in the gaming universe can make a profit in different ways:

• Run a node invite referrals.
• Receive rewards in blockchain games.
• Invest.
• Trade.
• Play to earn.

All blockchain games that are already working or will be added to the ecosystem are based on one principle: everyone can profit if they complete tasks and improve their skills. In some projects, gamers earn Gala crypto; in others, they earn NFT; in others, they earn new specially created tokens. For example, the flagship project TownStar provides the following mechanisms:

Completing daily tasks. A gamer can produce various goods using NFTs (buildings, equipment, characters). The better the quality, the greater the profit. Also, TOWN coins are awarded for completing tasks (getting a specific number of points per day, producing a certain number of objects, and putting them on the market). Like other cryptocurrencies, they can then be sold through exchanges.

NFT trading. The price of unique objects from the game often increases over time. Users can buy and sell them on marketplaces, speculating on changes in value to generate income.

Although TownStar rewards are paid in TOWN tokens, the amount of Gala in the account is also essential: the Power indicator depends on it. The characteristic affects how many NFTs a gamer can use to receive a reward.

Investing. Considering the growing interest in the GameFi sector, the native token has all the prerequisites to set a new historical maximum price more than once.

Trading. The cryptocurrency’s high volatility can be used to make a profit: buy at a dip in the rate and sell at a peak. Spot trading is available on 30+ exchanges. Margin trades can be made on Binance, Huobi Global, and OKX platforms.

Where to buy Gala cryptocurrency

The safest way is to make a deal through CEX, but you can also use DEX, exchangers, and Telegram bots.

The future and prospects of the Gala cryptocurrency

The project’s philosophy is based on decentralization, so it is impossible to talk about a specific and immutable roadmap. Each developer can make a proposal, and the owners of the founding nodes can vote and decide on any change. General plans announced:

Launch of its own Gala Chain (GC) chain. Moreover, the system will work on three types of consensus: Proof-of-Work, Proof-of-Stake, and Proof-of-Storage. Thanks to this combination, the developers want to achieve a fair distribution of all fungible tokens and NFT.

Improving the node ecosystem. There are three types: founder nodes (which were implemented in 2021), paid (used in specific games and will work on a rental basis), and free (can be used for both PoW and Proof-of-Storage, but the overall goal is to support the network).

Expanding the ecosystem. The project CEO said in the fall of 2021 that 15 games were already in development. This number should constantly grow. An active marketing program is one step to achieving this goal.

After the popularity of NFT, a new trend has emerged in the cryptocurrency world—GameFi. It has excellent prospects so that all top games will switch to blockchain. In this case, the project can become one of the first to unite popular studios and their content. As a result, its native token has every reason to grow in price.