I have been very conversant with the new gaming; you may not have heard about play-to-earn games that help people make money while catching fun. Gala Games is a crypto-based online video game that enables people to earn in-game tokens converted to real-life money. Upon conversion, you can transfer your money to the bank or withdraw cash to pay your daily bills and expenses.
As a result, recent years have seen an explosion in the play-to-earn gaming industry with the fusion of Blockchain and Metaverse. GALA Games is one such project that’s making waves for users globally.
What Is GALA Games About?
GALA Games is a blockchain-gaming play-to-earn platform that aims to give gamers an exciting and rewarding gaming experience and permit them to earn as they play. It’s been around for a while, and we want you to see why this might be an excellent place to have fun and earn.
Founders and Statistics of User
If you’ve played Mafia Wars or Poker or Farmville, that means you’re a Galatian, and this is why.
Eric Schiermeyer, Co-Founder of Zynga, a social and mobile game company, inspired the development of those games mentioned above. You can read more about play to earn games by visiting https://bltzr.gg/play-to-earn/
However, in July 2019, he launched this play to earn to give users a more exciting experience in the Blockchain space, where they can have more control over what is created and make money having fun.
Mind the words “play-to-earn.”
Since launching in 2019, Gala Games has grown to 1.3 million monthly active users, and 26,000 NFTs have been sold, with the most expensive piece valued at $3 million. That’s quite impressive for a barely one year-plus-old project.
It runs on the Ethereum network, which is one of the most viable Blockchain structures for developing utilities. Although, gas fees are a significant downside. With this in view, Polygon became a better option as a layer 2 platform on Ethereum other than the layer 1 structure. Click here to read about There are many great NFT games to play and invest in, but which ones are the best?
The Top 6 Benefits of Playing Gala Games
1. Ownership structure
Previous games have shown that players could spend lots of money to play games but nothing to show for it other than the excitement. With play-to-earn games like GALA, players use NFTs and other utilities in a decentralized network, giving them ownership as they are involved in the playing process. So as a player, you can decide to sell your NFTs after playing with them for a while and earn some cool cash. That’s the beauty of games and Defi put together.
Many partnerships are going on for the GALA play-to-earn game, but one of the best we’ve seen is with The New World. On Aug. 18, 2021, Gala Games announced its partnership with 888 The New World, a digital art marketplace built and run by artists. All of these are driven by a community-focused vision to allow artists and gamers to get rewarded for the work they do and enjoy.
3. Supply of the GALA token
The current circulation of GALA is 6.9 billion, with a max supply of 36 billion. 17.1 million GALA is targeted to be distributed daily between Jul. 21 2021 and Jul. 20 2022. And then, every Jul. 21, the daily distribution of the GALA cryptocurrency will be halved.
(Several speculations show that one advantage of halving in the crypto space is reducing supply. If all things are equal, prices will go up, and that’s more profit for holders.) That means there will be a daily distribution of 8.5 million GALA from Jul. 21, 2022, to Jul. 20 2023… and it continues. Where to buy and sell GALA?
One of the signals to look out for when analyzing a crypto asset is the platforms where the asset is listed. Binance remains one of the most trusted exchanges. Other platforms include OKEx, Mandala Exchange, Huobi Global, and FTX.
4. Variety and ease of Games
The gala play-to-earn game was designed to house many games with different experiences.
- Town Star is a town simulation game where play to earn