What is Gala games
Gala Games seeks to establish a community-owned and -operated decentralized gaming ecosystem where there is no centralized authority in charge of the platform. By playing games on the platform, users can earn GALA tokens, which they can then use to buy in-game products, trade with other users, or simply keep as a store of value.
Gala Games collaborates with a variety of game creators, and its platform offers a number of games with blockchain technology and cryptocurrencies integrated into their gameplay mechanics.
For game creators to construct blockchain-based games and monetize them using cryptocurrencies like GALA, the platform also provides a variety of tools and resources.
The history of Gala Games
Eric Schiermeyer, one of the co-founders of the well-known social gaming business Zynga, created Gala Games in 2019. The company was founded with the intention of developing a decentralized gaming platform that makes use of cryptocurrency and blockchain technology to give gamers a more fair and equal gaming experience.
Town Star, the first game on the Gala Games platform, will be released in December 2020. Building and running their own virtual cities while competing with other players for resources and rewards are both possible in the strategy game Town Star.
In-game resources like land and minerals can be owned and traded by players as non-fungible tokens (NFTs) thanks to blockchain technology.
Gala Games has expanded its platform since its debut, introducing new games and features like a decentralized market for buying and selling in-game items, a governance system that enables GALA token holders to vote on crucial platform decisions, and collaborations with other businesses and game developers.
Gala Games and game production firm Animoca Brands announced a significant agreement in 2021 via which they will work together on a number of blockchain gaming projects. In a funding round headed by blockchain investment company Polybius, Gala Games also raised $5 million. This money will be used to advance the platform’s functionality and increase the number of users.
Overall, Gala Games has emerged as a key participant in the blockchain gaming industry. Both players and investors have been impressed by the company’s innovative usage of cryptocurrencies and decentralized gaming.
How Gala Games works
Gala Games is a blockchain-based gaming platform that utilizes its native cryptocurrency, called GALA, as a means of exchange and transaction within its ecosystem. Here’s how it works:
- Players can purchase GALA tokens from various cryptocurrency exchanges and use them to participate in games on the Gala Games platform.
- The platform features several games that are built on blockchain technology and incorporate cryptocurrencies as part of their gameplay mechanics. For example, players can earn GALA tokens by completing certain tasks or achievements within a game, or by trading in-game assets as NFTs.
- Players can also use GALA tokens to purchase in-game items from other players or from the decentralized marketplace on the Gala Games platform. This marketplace allows players to buy and sell in-game items as NFTs, providing a transparent and secure way to exchange virtual assets.
- The Gala Games platform also features a governance system that allows GALA token holders to vote on important platform decisions, such as which games to add to the platform or changes to the platform’s rules and regulations.
- Game developers can use the platform to create blockchain-based games and monetize them using cryptocurrencies like GALA. The platform provides various tools and resources for developers to create and publish their games, as well as access to a large and growing user base of gamers.
Overall, Gala Games provides a decentralized and transparent gaming ecosystem that is owned and operated by its community members, with no central authority controlling the platform. The use of cryptocurrencies like GALA allows for a more fair and equitable gaming experience, with players able to earn rewards and trade assets in a secure and transparent way.
Is Gala Games a trustworthy platform
Gala Games is generally considered to be a trustworthy platform in the blockchain gaming space. Here are a few reasons why:
- Transparency: The platform is built on blockchain technology, which provides a high level of transparency and security for its users. All transactions on the platform are recorded on the blockchain, which means that they are immutable and can be easily audited.
- Community Governance: The platform has a governance system that allows GALA token holders to vote on important platform decisions. This gives the community a say in how the platform is run and helps to ensure that it is transparent and fair.
- Experienced Team: The Gala Games team includes several experienced individuals from the gaming and blockchain industries. This gives the platform a strong foundation of knowledge and expertise to build on.
- Partnerships: The platform has partnerships with various game developers and other companies in the blockchain space. This helps to build trust and legitimacy for the platform.
- Positive Reception: Gala Games has received positive reviews and feedback from users and the broader blockchain community. This suggests that the platform is providing a valuable service and is being well-received by its users.
Overall, while no platform is completely without risk, Gala Games appears to be a trustworthy platform that is committed to providing a fair and transparent gaming ecosystem for its users.
Does Gala Games charge a fee
Yes, Gala Games charges a fee for various services on its platform. Here are some examples of fees that may be charged:
- Transaction fees: Whenever a user makes a transaction on the Gala Games platform, such as buying or selling an in-game asset, a small transaction fee is charged. This fee is paid in GALA tokens and is used to pay for the cost of processing the transaction on the blockchain.
- Listing fees: If a user wants to list an item for sale on the Gala Games marketplace, they may be charged a listing fee. This fee is also paid in GALA tokens and helps to cover the cost of maintaining the marketplace and providing a secure and reliable trading platform.
- Game fees: Some games on the Gala Games platform may charge a fee to play or access certain features. These fees are typically paid in GALA tokens and are used to support the ongoing development and maintenance of the game.
It’s worth noting that the specific fees charged by Gala Games may vary depending on the game or service being used. However, the platform generally aims to keep fees as low as possible in order to provide a fair and affordable gaming experience for its users.
How to use Gala Games platform
Here’s a general guide on how to use the Gala Games platform:
- You must register for an account in order to utilize the Gala Games platform. By visiting the Gala Games website and selecting the “Sign Up” button, you can do this.
- You’ll need GALA tokens, the platform’s native cryptocurrency, in order to take part in games and make purchases. GALA tokens are available on a number of cryptocurrency exchanges, including Binance and KuCoin.
- You can play a number of blockchain-based games on the Gala Games platform, including Town Star and Mirandus.
- Each game on the Gala Games platform features distinctive gameplay mechanics.
- By taking part in different platform transactions, such purchasing and selling in-game items or accomplishing in-game tasks, you can earn GALA tokens. The Gala Games platform has a decentralized market where non-fungible tokens (NFTs), the currency used in-game, may be bought and sold. Browse the various things for sale by selecting the “Marketplace” page on the Gala Games website.
- You can take part in the platform’s governance by casting a vote on significant decisions if you own GALA tokens. Follow the instructions by selecting the “Governance” link on the Gala Games website.
Overall, using the Gala Games platform is a fairly straightforward process, and the platform provides a wide range of resources and tutorials to help users get started.