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About Gala (GALA)
A blockchain-based, play-to-earn gaming development platform, Gala Games has declared its mission is to make blockchain games people "actually want to play.” It also wants to give players control over how games get developed, and which ones take precedence, placing quality over quantity. Earned GALA utility tokens allow users to participate in these types of decisions.
Gala ecosystem participants can also create non-fungible tokens (NFTs) for use within games and also for trading outside games, on secondary markets.
The project eventually plans to migrate to its own native blockchain,said, but for now Gala and its in-house GALA asset runs on Ethereum (as an ERC-20) as well as on the Binance Smart Chain.
"Players are able to truly own their in-game items in the form of NFTs," Messari said.
The Gala platform launched in 2020 and at the time was considered an early mover in the play-to-earn space.
Eric Schiermeyer, Gala’ CEO, helped co-found Zynga, a successful game developer.
Today, Gala boasts more than 1.3 million active users worldwide,.
Gala as of mid-March has five player-owned/shaped games in development: Mirandus (a fantasy realm where players battle monsters); Spider Tank: Spider Tank (multiplayer online battle arena); Town Star (town building and development game); Fortified (tower defense game); Echoes of Empire (sci-fi war over the scarce resources).
Gala Games also has an NFT project called VOX.
In January, the company posted on itsthat it's close to launching its own blockchain, GalaChain, so as to avoid high transaction fees and network congestion on Ethereum.
Thesaid: "Our proprietary blockchain is in the later stages of development, and we expect the migration to GalaChain to provide some of the most highly anticipated news of the year to our community. This blockchain has been built for Gala Games; it will drastically reduce network fees and solve many problems surrounding Ethereum that could otherwise inhibit long-term growth."
Additionally, Gala has entered into a partnership with layer-2 scaling protocol Polygon.
Gala has plans for a $100 million fund, co-seeded with C2 Ventures, for developing blockchain-based metaverse projects.
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