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Play-to-earn games have gained a lot of popularity recently. However, most of the current P2E games mainly focus on the profit or the tokenomics of the game rather than the quality of the game. Gameplay remains the second priority for such games.
Gala Games, a gaming blockchain ecosystem, claims itself to be different. Gala Gamers enable players to have control over gaming assets. In addition, players also have a say in the governance of protocol. Through distributed voting mechanisms, players get to decide the games to add to the platform.
Gala Games (GALA) token is its native token and is responsible for the platform’s operations.
There are five components in the Gala Games ecosystem: Tokenomics, the games, the platform where games are published, cloud hosting, and the NFT marketplace.
Gaming Platform: Amalgamation Of NFTs, P2E & DeFi
Unlike traditional video games, Gala Games’ video platforms, such as PlayStation Store or Xbox Store, combine NFTs, P2E mechanics, and decentralized finance (DeFi).
As discussed above, another great feature of the gaming ecosystem is that players have the power to influence which games should be added to the game. Any player can create a Gala node using their PC, and voting is conducted using these nodes. Besides, they can also contribute to the development of the project, such as which features to add, enhancing the interface, or fixing bugs.
Gala Games users decided to add GRIT, a game similar to PUBG, to the platform, in February 2022.
P2E Video Game Development
The development of video games on the basis of blockchain and NFTs is its second important component. The company plans to have a separate division devoted to the creation of these games.
As of now, Gala Games Platform caters to nine games, out of which two, Spider Tanks and Town Star, are in beta testing. Meanwhile, fantasy gameplay dubbed Mirandus, supposed to launch in December 2021, will now be released either by the end of this year or next year.
Gala Games Tokenomics
GALA token exists both on BEP-20 on BNB Smart Chain and ERC-20 on Ethereum. But, the platform will soon be transferred to its own blockchain called GalaChain (in 2022 only). According to its blog site, GalaChain is in its final stage.
The aim of this transition is to tackle the issues such as scalability issues, slow transaction speed, and high cost.
The details regarding tokenomics are not available as of yet. As per the project’s website, Gala will be used to buy NFTs and pay for licenses to run nodes.
In addition, each game project can launch its own token that can be sold both in the Gala Games marketplace and on the cryptocurrency exchange.
Will Gala Games Be A Success?
Gala Games hosts around 1.3 million active players. Meanwhile, they purchased over 26,000 NFTs, among which an NFT was sold for $3 million, testifying to the success of the project and its immense potential. Besides, there are also predictions that the price of the platform can multiply by 50 times.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
