Over the past 18 months, the GameFi industry, which includes play-to-earn (P2E) elements and non-fungible tokens (NFTs), has gained significant traction in the cryptocurrency and blockchain space.
Play-to-earn and games featuring player-owned assets are not new to the cryptocurrency industry, but Gala Games has a few unique features that could help it stand out in a crowded market.
With over 1.3 million active users and a track record of launching successful play-to-earn games on the Ethereum blockchain, Gala Games is an interesting player in the blockchain gaming industry. Each game on the platform offers something unique to keep players engaged and rewards them with player-owned and controllable NFTs.
Let's take a look at Gala Games, a secret underdog of the Game Fi industry.
WHO ARE GALA GAMES?
Gala Games is a blockchain game development company that uses its own utility token, GALA, for purchases, peer-to-peer payments, and rewarding nodes within the Gala Games ecosystem. The platform was among the first to offer play-to-earn rewards in the form of GALA tokens for playing its games. Gamers can choose from a wide selection of games on the Gala Games platform, similar to Steam or GOG, but all games are free-to-play and accessed through a decentralised application (DApp)
Gala Games is currently working on several games, including Mirandus, a fantasy RPG adventure; Spider Tank, a multiplayer online battle arena (MOBA) game; Town Star, a town building and development game; Fortified, a PvP tower defense game; Echoes of Empire, a sci-fi strategy game; and Legends Reborn, a strategic card game. These are just a few to name,
There is also a full NFT store that supports all player-owned assets in-game and allows them to be purchased or sold using multiple cryptocurrencies through CoinPayments, divided into six rarity classes: Common, Uncommon, Rare, Epic, Legendary, and Ancient.
Currently, Gala Games boasts an impressive 1.3million month active users.
GALA TOKEN
GALA is an ERC-20 token built on the Ethereum blockchain, with a total supply of 50 billion tokens. Approximately 7 billion GALA are currently in circulation, representing 14% of the maximum supply. According to official documentation, 17,123,286 GALA are distributed daily, with half going to the Gala Games conservatory and half to the founder's node operators.
The GALA token contract addresses can be found on Etherscan and BscScan. The platform has a market cap of $400 million, but it should be noted that there is significant supply inflation, with over 17 million new tokens entering circulation daily. A native blockchain platform is being developed to reduce fees and support a high number of users simultaneously. There may be reason to believe that the platform is undervalued.
COMMUNITY POWERED
The Gala Games network relies on community-owned nodes to support the platform. The development team and operating staff frequently communicate with the community to identify the games and features that are most in demand. This helps ensure that resources are used to create the games and experiences that people want and to produce assets that are tailored to the community.
Gala Games has a large active user base of over 1.3 million, making games launched on the platform likely to be among the most popular play-to-earn games in the blockchain space. In addition, operating a node can provide additional rewards such as NFTs for a minimum amount of time run.
By engaging with the community and focusing on meeting their needs, Gala Games is able to offer a unique and popular gaming experience.
NFTs
All Gala Games utilize non-fungible tokens (NFTs) as a core feature, which are player-owned and can be used within the game or resold on various marketplaces. The platform has its own marketplace where users can purchase items or characters to enhance their gaming experience and performance. While it is straightforward to buy and sell in-game items, the marketplace is unfortunately under-utilised.
Town Star NFT's on Gala's marketplace.^
The process of purchasing non-fungible tokens (NFTs) directly from Gala Games can be a lengthy and tedious process that may discourage new players. To buy NFTs from Gala, users must first convert their GALA tokens into a child token called Town Coin. This can be used to purchase NFTs on the Gala Games marketplace, but the process may not be intuitive or convenient for some users. In addition to the Gala Games marketplace, NFTs for all Gala Games can also be purchased on the Opensea platform.
However, it would be beneficial if Gala Games could streamline the process of purchasing NFTs directly from the platform and make it more accessible to new players. This could help increase the use of the Gala Games marketplace and encourage more people to engage with the platform.
GALA GOLD
Gala Gold is a premium club that users can join for a fee of around $50. Upon joining, players receive a useful NFT and access to star power for play-to-earn activities. Another way to participate in the Gala Games ecosystem is by running a Gala Node.
After purchasing a license, users can run the node software on their home computers and earn rewards such as GALA tokens and potentially rare NFTs.
Currently, the license costs $13,000 in Ethereum (ETH), GALA, or Basic Attention Token (BAT). Up to 50,000 nodes can participate in this process. By joining Gala Gold or running a node, users can become more involved in the Gala Games ecosystem and take advantage of various benefits and rewards.
REWARD STRUCTURE
The Gala Games community Discord server frequently holds competitions and events where users can win and buy NFTs. To win an NFT, users must rank within the top 5000 overall players on the server.
GALA tokens are also awarded to competition winners. The rarity tier of the NFT and the amount of GALA rewards increase as the rank gets higher. While it may be challenging for newer users to compete with those who have been active since the launch of the platform and have accumulated a large collection of powerful NFTs, it is not impossible to achieve a high rank and earn rewards.
Through participation in events and competitions, users can earn NFTs and GALA tokens as well as challenge themselves and test their skills against other players.
An example of the reward structure from one Gala Game, Town Star.^
FINAL NOTE
Gala Games is a promising project with a strong focus on building a thriving community. The platform has already attracted a monthly user base of over 1.3 million, despite being in the early stages of development and having only released a few games. This is a testament to the potential of the project and the team's ability to create engaging and enjoyable gaming experiences.
The platform offers a wide range of games for players to choose from, including Spider Tanks, Town Star, and Legends Reborn, with more in development. The use of non-fungible tokens (NFTs) adds an extra layer of depth and player ownership to the games, and the Gala Games marketplace provides a convenient way for players to buy and sell NFTs.
The team is dedicated to delivering fun and balanced games that can drive further growth for the platform. Overall, Gala Games has a bright future ahead and is worth keeping an eye on.
Thanks for reading!
Peace.
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