What is Gala (GALA)? Your ultimate guide

Gala Games is giving players ownership of their progress

The GALA logo with a blue background                                 
The GALA token has been on a bullish trend recently – Photo: Shutterstock
                                

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Eric Schiermeyer noticed that players were investing hundreds of hours and dollars into video games, but at the end of the day users did not own any of their progress. Schiermeyer wanted to change this and founded Gala Games, a decentralised games distributor.

Gala Games has published two games so far with three others in development. Unlike a development team that chose projects depending on trends, Gala Games decides its next project through community votes.

Gala Games is not the only one in the crypto gaming industry, with the likes of Enjin, Axie Infinity, and Decentraland cluttering the market. Can Gala Games stand out and produce something truly unique?

What is Gala (GALA) games?

Gala Games is on a mission to make blockchain games that players “actually want to play”. Games that incorporate blockchain technology, whether that is earning cryptocurrencies through playing or trading non-fungible tokens (NFTs), have been exploding with popularity this year. Gala Games has noticed a trend, namely that a lot of the time gameplay experience is not prioritised.

This is clearly a founding principle for Gala Games as its website said: “We believe the blockchain should be invisible in our games. We use simple game mechanics that all players can enjoy, whether or not they consider themselves to be blockchain pros.”

Another key principle for the Gala Games’ team is giving ownership to the players and being one of the first decentralised games developers. There is a major disruption happening in the gaming sphere where players are taking back ownership. In traditional games, players can spend thousands of hours and hundreds of dollars without actually owning anything. The progress and investment could be taken away from them with the click of a button.

Gala Games launched in 2019 setting out to change this. It was founded by Eric Schiermeyer, who also co-founded Zynga, a popular mobile games company. Schiermeyer has previously launched popular hits including Mafia Wars and Farmville. But in July 2019 he decided to create a blockchain-based game network that gave players ownership of their games.

From spaceships to farms, Gala Games uses NFTs to give players ownership over what they earn from playing. This puts control and ownership back in the hands of the players. In keeping with its decentralised mission, Gala Games is run on the Ethereum network, which means that the team is unable to take anything away from players.

Test case: Town Star

Town Star is one of the two games that Gala Games has published and is available to play. Town Star is a competitive farming game, like SimCity, where players own the farm and can build improvements. The goal of the game is to become the most efficient and productive town.

Every week, the top players win prizes and compete in challenges to collect play-to-earn rewards.

As well as earning items and rewards, players can make purchases for their towns on the secondary market. Gala Games has a marketplace where players can trade Town Star items, such as solar panels or water towers.

Town Star is a decentralised game because through using NFTs it is the players who own the farms and items. This is different to traditional games where development teams have overall ownership.

How does Gala work?

Gala Games is carrying this decentralised goal into its roadmap as well. It wants the community to have a say in the development of its games. This is being done through users running Gala Nodes, which supports the network in return for the native cryptocurrency, exclusive NFTs and voting power.

There is a triple-proof node system consisting of three different consensus protocols that support the Gala network.

  • The proof of work protocol provides the computer power that runs the system. The hardware that runs this protocol are called Founder Nodes as they are the early supporters of the Gala network.
  • Proof of stake are paid nodes that operate specific games, through renting smart contracts.
  • Proof of storage are free nodes that allow games to be hosted on the node system as it provides storage capabilities. This removes the reliance on centralised storage and hosting solutions.

Node owners will be able to vote on what games should be added to the platform. For example, last month Gala Games proposed a new adventure game called Betwixt and is allowing only Founder Nodes to vote on it. Although the vote date has not been announced, a blog post revealed the question: “Should Betwixt be funded $1m USD from the Gala Games $100m Game Development Fund and be given an opportunity to be included in the Gala Games Ecosystem?”

What is GALA used for?

Gala Games wanted to make the process of buying NFTs on the marketplace convenient and secure. This is the goal of the gala (GALA) token to ensure the transfer of digital goods or in game items can be paid and settled easily.

The gala (GALA) token runs on Ethereum and the Binance Smart Chain. As well as peer-to-peer transactions, it is rewarded to the nodes that power the Gala ecosystem.

According to Etherscan, there is a max supply of 36 billion GALA, with 6.9 billion GALA currently in circulating supply. Between the 21 July 2021 and 20 July 2022, 17.1 million GALA is distributed daily. However, every year on 21 July the daily distribution of the GALA cryptocurrency will be halved. That means there will be a daily distribution of 8.5 million GALA every day from 21 July 2022 to 20 July 2023.

The GALA coin launched in September 2020 at $0.001 and for the first three months struggled to get past its launch price. The token has been especially bullish over recent months. However, on 17 September 2021 GALA coin managed to break past the $0.1 barrier. The GALA cryptocurrency kept gaining and on 26 November it reached its all-time high of $0.83.

Recent news

Gala Labs, the parent company of Gala Games, has a NFT project called VOX, where users can buy avatars with randomly generated traits. Currently, there is not a lot of utility involved with VOX, but the project has said it is working on a metaverse that will utilise the avatars.

Gala is working on new VOXs inspired by one of its games called Mirandus. On 26 November, a blog post announced that owning one of the new VOX will give you extra abilities in the Mirandus game. It also revealed Mirandus VOX owners will be eligible to earn daily rewards from Town Star.

Gala Games review

After the success of Decentraland and Axie Infinity, there is clearly a market for crypto gaming. But does Gala Games have what it takes to be a leader in the industry?

Investing.com seems to think so. It said that the blockchain gaming pioneers are yet to be defined and “Gala Games shows a lot of promise to become one of them”. It argues that real gameplay will attract a mass audience of gamers.

However, Altcoin Buzz has highlighted a lot of risk factors that accompany Gala Games. It said that Gala Games has only listed five games with only two of them available to play right now, as the rest are still in development. The other games might show promise, but there is no way to know how they will perform.

There is also a blurry roadmap about when these new games will be released. Altcoin Buzz said: “Gala doesn’t have a good white paper, so we must depend on its Medium posts and support website for factual information. Furthermore, the developmental roadmap for the ecosystem is also in grey.”

From its website and Medium posts, it is clear that Gala Games is dedicated to its core principles of fun decentralised gameplay. But only time will tell if it is able to deliver.

FAQs

Currently, there is 6.9 billion GALA in circulating supply out of a max supply of 36 billion GALA. Every year, the daily distribution of GALA is halved.

Eric Schiermeyer founded Gala Games when he noticed that players were investing hundreds of hours and dollars into video games, but did not own anything. Schiermeyer created Gala Games to change this and put ownership into the hands of the players.

The Gala Games network is secured through a triple-proof node system. Through proof of work, proof of stake, and proof of storage, the Gala ecosystem is powered and secured.

Aside from the games, the NFTs and the GALA token are secured as it is built on the Ethereum blockchain.

Further reading

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
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