Gala (GALA)

The exchange rate of one GALA at 13:14 UTC is 0.04436$

Chart | Average rate

“GALA” is a utility token created on the Ethereum blockchain for use in the “Gala Games” ecosystem.

Gala Games was founded in July 2019 by Eric Schiermeyer, co-founder of Zynga, a social media and mobile games maker. The main idea was to create a gaming environment that would give its players full control over their gaming assets. Therefore, Gala Games prioritized decentralization from the very beginning, which led to the company abandoning initial offerings (ICOs) in order to ensure the organic issuance of tokens through its network of nodes.

Three ways to get GALA:

1. Node owners receive GALA and non-fungible tokens (NFTs) for providing resources to run Gala Network games.

2. You can get GALA for participating in the development of the Gala Games ecosystem by inviting friends to start playing Gala Games.

3. You can buy GALA on a cryptocurrency exchange. There you can buy and sell GALA for fiat money and other cryptocurrencies.

Players can transfer GALA to each other or use it to purchase NFT items in the game such as lands and buildings. Town Star players can purchase CraneBot NFT to speed up building construction in the Town Star world. Players own NFTs on an ongoing basis. Access to them cannot be blocked by a moderator or the owner of the game. This turns ecosystem players into true owners of non-fungible tokens with increasing value. Products, however, do not depend on a specific platform. Developers can integrate Gala Games NFT into their games, resulting in a stable long-term growth of the GALA ecosystem.

Gala's goal is to give gamers a share of the billions of dollars earned by gaming platforms. The network aims to enable users to benefit from gaming ecosystems in the form of NFTs and other digital assets for both Gala attendees and players. Participants, especially those who manage network nodes, are paid GALA tokens in exchange for their work in running the Gala ecosystem. Players can leave the gaming environment and exchange their items for other popular cryptocurrencies on several decentralized exchanges (DEXs). These players can also choose to purchase additional NFTs and in-game items using GALA tokens.