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Gala

Last Updated: January 16, 2024

Gala Games is a play-to-earn game development company building a robust gaming ecosystem that leverages the power of blockchain technology to empower its users.

Players are able to truly own their in-game items in the form of NFT’s which can be traded on secondary markets. The project operates on Ethereum and is compatible with other chains, but is migrating to GalaChain, its proprietary native blockchain which aims to reduce network fees and allow for increased scalability. GALA, the native utility token, can be used in the ecosystem as a means of payment, buy non-fungible tokens (NFTs), control the network or win prizes.

Background

Gala Games was created by Eric Schiermeyer, co-founder of Zynga and Michael McCarthy in 2019 who intended to develop a gaming ecosystem that gave its users full ownership and control over their in-game assets.

Launch

Since its inception, Gala Games has put decentralization at the top of their priority which led the team to decide against any type of early distribution such as an initial coin offering or presale to allow for an organic release of the tokens through their node network. In September 11, 2020, emissions of GALA to the founder nodes were initiated without any preceding token sale. The token listed to the public in November 2020.

How does it work?

Gala differs from other gaming ecosystems because it gives control of game development to its players by allowing them to submit their game ideas for a vote by the community. This way, gamers have full ownership of their in-game items.

The Gala token is used to power the in-game economy across all the different games available in the ecosystem as well as incentivizing node operators for supporting and facilitating the network. Players can make in-game purchases with the token or trade peer-to-peer. The token is also used to purchase Founder’s Nodes. Founder’s Nodes are the foundation of the network and can be purchased directly from Gala Games. Founder’s Nodes are responsible for giving players real ownership of their assets and content. In return, these nodes will earn GALA, NFT’s, and governance power.

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