Home
News
The Metaverse is an emerging technology today; with big firms incorporating it into their business and new metaverse projects coming up every day, Metaverse is set to become the next internet experience.
Though there are many metaverse projects out there, GALA is one token that, as per prediction, could become the next Best Gaming token. Let’s understand why:
What Is GALA?
Eric Shimayer and Mike Mccarthy founded the GALA games.
Both the founders, in a group interview in March, explained that the game developers have to invest around $20 on each user in free-to-play games; as a result, the developers focus more on the profit rather than on the quality of the game. While play-to-earn games make it possible to create free-to-play games while also giving more control to the users through nft items and on-chain Governance, hence game developers can focus on the quality while at the same time allowing the project to scale.
As of last year, the GALA token rose by over 10,000%. At the time of writing, GALA is 70% less than its ATH; however, the price is expected to increase by over 50 times considering its future prices.
What’s Unique In It?
Contrary to other crypto projects, GALA games have received no funding whatsoever of any kind, while there was no ICO for the coin either.
One thing that might seem odd is that there is no active player tracker. In addition, any dap or NFT tracking websites don’t have any data on the trading volume of the gala games NFT marketplace.
Now, this could be due to the fact that most of the activity happening at the Gala Games is apparently being handled by a separate set of Gala Nodes. Not clear as of now, But Gala Nodes will be used for powering the gala side chain, which is yet to be released. As per its blog site, the Gala blockchain is at the final stages of launch. Currently, the platform is run on the Ethereum blockchain.
Meanwhile, another benefit of the play is that players can also take part in its Governance and provide feedback to developers on what kind of games they want developers to create and add to the platform.
In fact, on the demand of their community, GALA developers have planned the launch of Mirandus, a role-playing fantasy experience. SpiderTanks, a Minecraft-type game, and other 12-15 games are in development.
GALA was trading at $0.201632, 70% short of its peak in November. But surprisingly, the token has a market cap of $1,406,829,669 and is the 69th leading cryptocurrency globally.
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.
