Follow up after 15th of May 2023:
Regarding Gala Token is still early to say. There are been a drop in Gala token price but unclear if prices have bottomed.
the good news is: Gala Team announced this week (3rd week of May) that ~21M Gala (worth $637M) were burned from the reserves. This means that the team is trying to cool off rumors about the existing possibility of token dumps.
Why they did... More
First time I knew Gala project was before they listed it on Binance 1 day in September 2021. The reason I decided to buy $GALA without hesitation was their team, which I shall explain below:
I've had the pleasure of being a part of the Gala community for quite some time now, and I must say, it's been an incredible experience thus far. The Gala community is a vibrant and passionate group of individuals who share a common enthusiasm for gaming, NFTs, and blockchain technology. As per the official website, the platform currently has more than 1.3 million monthly active users. More than... More
Good morning, good afternoon, good evening! I wanted to bring Gala to the spotlight due to its pioneering platform in the world of gaming, entertainment, creative content and NODES!
With a focus on play to earn, watch to earn and listen to earn Gala's attempt to revolutionise the entertainment industry has begun. (Personally I don't think the world isn't ready for this type of technology from my... More
In this review, I would like to highlight one of the biggest ideas behind the Gala concept. So their slogan: Owned by players, will make sense after reading.
The project's goal is to establish an environment where gamers have complete ownership of their in-game items. This is in contrast to the current centralized system, where players lose their in-game items when they get banned or when... More
Gala is a blockchain-based gaming platform that offers players the ability to earn rewards and trade in-game assets using cryptocurrency. It had a very succesful period in November 2021 till March 2022 and they launched their Web3 gaming hub in Q4 2022. Its focus on interoperability allows for liquidity and real value for virtual assets, while its range of gaming experiences caters to both casual and experienced gamers. The team behind the project is talented, with partnerships and a strong community supporting them. Overall, Gala has a strong vision and potential to disrupt the gaming industry.
The dynamic duo at Gala Games are Eric Schiermeyer and Michael McCarthy.
Eric Schiermeyer has a rich and extensive background within the tech industry. He co-founded Zynga Inc, a global leader in mobile and online gaming. Prior to that he served as a CTO at eUniverse a company which later transformed into Intermix Media, a parent company of MySpace!
Michael McCarthy is an experienced director... More
Let me share with you my thoughts about why GALA is an excellent token to have. After writting this together with my previous reviews, I feel very bullish about GALA token and ecosystem. Let me share with you why in a 3 points:
*Gala Ecosystem. The ecosystem includes Music, Fim and Games. -The music revenue will be ~131B by 2030 (according to Goldman Sachs)
Gala Games was co-founded by Eric Schiermeyer, who is a co-founder of Zynga Games, the social gaming giant company behind super successful games such as FarmVille and Words With Friends.
Other notable members of the Gala Games team include CMO Jason Brink, who has over a decade of experience in the gaming industry.
CTO Michael McCarthy, who has extensive experience in software development and... More
Gala is a platform for building games, virtual worlds, and social experiences. The following are key points regarding the project's potential and risks:
Gala Games is a crypto gaming company which aims to develop world class games and give control / ownership to the players of these games through the use of their own NFT cryptocurrency, $GALA.
The company was created by Eric Schiermeyer who has a strong CV in the gaming sector and was previously co-founder of Zynga Games. Many of its team also have a high level of experience in game... More
Gala recently announced the launch of Gala V2, which brings about a host of improvements to the table, such as security enhancements, enhanced burn mechanisms as well as potential future upgradeability. IMO, Having upgrades to current tokenomics and projects are generally a good thing moving forwards, especialy since the industry is constantly moving and changing.
However, apart from the date... More
Gala Games is upgrading its original Ethereum contract and replacing the $GALA token with a new version, $GALAV2, on May 15th. Their nodes are able to process 100 mil players so the games will have no problem with supporting, but getting people onto their chain is done through ETH mainnet and this will create a Big issue for mass adoption in the current state of the network and the fees that come... More
Gala Games is an innovative gaming platform that aims to revolutionize the gaming industry by empowering players to earn money while playing games, watching movies, listen to music or attend virtual events.
Play to Earn is the main focus of Gala Games, and it is what sets the platform apart from other main stream gaming platforms like Steam. Players are able to earn tokens by completing in-game... More
Now "Galaxian Family" (Gala Ecosystem) has expanded across other verticals such as music, films, and online gaming. It became so big that the original Ethereum contract that was written in 2020 does not fit the needs of the current times.
The coming 15th of May is D-Day for the upgrade! The "original" $GALA token will be replaced by the "new" $GALAV2.
Good things:
Gala Games has announced that they will be issuing a new token to replace the existing $GALA token on May 15, 2023.
This upgrade is expected to increase security and prevent incidents like the one that occurred on November 4, 2022, where $GALA lost 30% of its value within one hour due to a whitehat attack from p.Network.
Additionally, the new token will feature an updated token burning system,... More
Gala's tokenomics confuses me a little bit. On their website it says the total supply of GALA is approximately 50 Billion. However on etherscan it show the total supply being 39,306,548,883.0245601.
Additionally, 50% of the supply is allocated to Founder's Node Operators and the other 50% to Gala Games Conservatorship to support future development, growth and maintenance of their... More
Gala GALAGala (GALA) is a cryptocurrency and operates on the Ethereum platform
