GALA (GALA) Research

GALA (GALA) Research Details

GALA (GALA) GALA

INTRODUCTION

Gala games is a gaming Studio that builds blockchain-based games. At present, the platform is built on the Ethereum Blockchain. Even so, the corporate plans to shift the platform to its native blockchain community referred to as Gala community.
Users can also contribute to the Gala Games ecosystem by running a Gala Node. This needs users to buy a license, once that they'll be able to run the node software from their home computer and earn rewards in the form of GALA tokens and potentially rare NFTs.

Players will own non-fungible tokens (NFTs) and influence the governance of games atintervals the Gala Games scheme. The Founder’s Nodes voting mechanism allows players to influence what games Gala should develop and what games should get funding. Besides buying NFTs for specific games, Gala Games also utilizes GALA– its own utility token.

HISTORY AND FOUNDERS

The founders of Gala Games are Eric Schiermeyer and Michael McCarthy.

Eric Schiermeyer - In 2007 Eric Co-Based Zynga, a gaming firm that constructed a few of Fb’s hottest video games, similar to Farmville and Zynga PokerWith a lot success with in the gaming area, in July 2019, Eric joined arms with an Ex Artistic Director of Zynga Michael McCarthy and based Gala Video games.

Michael McCarthy - Michael puts up in Salem, Oregon, in the United States. He has done his Bachelors in Fine Arts and Computer Animation. After leaving Zynga in 2015, he joined Eric in 2019 to build Gala Games. In Gala Games, Michael is a Studio Director and the lead developer of the platform’s first game Town Star, a crypto version of Farmville.

REASON TO BUILT THE PROJECT

In the cryptocurrency industry, play-to-earn and blockchain-based games that includes player-owned assets are nothing new. Gala Games, however, has a few tricks up its sleeve that have the potential to permit it to stand out in this more and more crowded market.


The following are some of its most prominent characteristics –

●Built on BSC

●Multiple Games

●Built-in Store

●Community-Powered

BASE OF THE PROJECT

COMPONENTS OF GALA –

Network Nodes - Gala Games plans to operate its gaming ecosystem through its blockchain network called Gala Blockchain. The transfer of Gala on its blockchain is expected to happen somewhere in Q2 of 2022.
This Network is divided into two parts:
1.     The Gala Blockchain – built with Founder Nodes
2.     The Gala Game Node Network – built with Game Nodes.

 Founder Nodes – Gala Blockcchain
A node is a computer system that needs to download Gala Games software. There will be a maximum of 50,000 founder nodes on the network. These founder nodes can produce a blockchain network called the Gala blockchain. This can be this is the entire ecosystem are going to be secured and can stay decentralized.

 Game Nodes – Gala Game Node Network
Sport Nodes are very like the Founder Nodes with the distinction that they’re game-specific nodes. These nodes produce a secondary community to the principle Gala community called Gala Sport Node Community.

 GalaVideo Games
Townstar, The Strolling Lifeless: Empires, Mirandus, Legacy, Echos of Empire.

USE CASES

GALA is a utility token that has following use instances:

 
●Governance of Gala Video games

Rewards to the Founder Nodes

In-game forex of Gala Video games Ecosystem

Rewards to the sport Gamers

Cost for in-games gadgets on Gala retailer.

TOKENOMICS

In total, there are 50 billion GALA tokens. Nearly 7 billion GALA are currently in circulation. That’s 14 July of the most the maximum.

According to the official GALA documentation, a complete of 17,123,286 GALA a total distributed on a daily basis — half to the Gala Games conservatory and half to the founder’s node operators.

GALA token’s contract addresses will be found on each Etherscan and BscScan.

MAJOR NEWS AND EVENTS

DATE

NEWS & EVENTS

IMPACT

17-Nov-2021

Broke out bullish pennant

98% Increase

26-Nov-2021

Rallies in Metaverse Tokens

57% Increase

CONCLUSION

In our opinion, the project has several benefits and some limitations. However, the advantages are more than its limitations. Ultimately, what a gaming project needs is adoption through players, which Gala Games definitely has.
Therefore, in our understanding, the project contains a potential upside in the coming quarters when a number of different games will be up and running.

DISCLAIMER

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto products are currently unregulated and subject to market risk. Please seek independent financial advice or do your own research before investing.