Gala (GALA)

About Gala (GALA)

Gala (GALA) is the native utility token for Gala Games, a blockchain-based gaming platform that integrates Web3 and blockchain technology. Gala Games was founded in 2019 by Eric Schiermeyer (co-founder of Zynga) with the goal of giving more control and ownership to players, addressing issues like in-game purchases.

How Gala works:
GALA is used within the platform for several purposes:

• Purchasing NFT items
• Compensating Founder’s Node operators
• Paying network fees
  Gala Games enables users to acquire and trade NFT items, simplifying blockchain interactions for gamers, even for those new to Web3. The platform also collaborates with OpenSea for NFT trading.

Use cases:

• In-game benefits: GALA is used to buy NFT items, boosting gameplay and rewards.
• Tradeable assets: Players can buy, sell, and trade items on the secondary market.
• Gala Games is also expanding into Web3 entertainment, with Gala Music and Gala Film.
• Metaverse: Gala is working on a gamified metaverse with VOX, a generative NFT avatar project.

History:
Gala Games was launched in 2019 by Eric Schiermeyer and a team of blockchain and gaming experts. As of 2023, the platform has grown to a team of 400 employees. Gala Games introduced its own layer-1 blockchain, Project GYRI, in late 2022, focusing on gaming.