Gala priceGALA $0.02593

GALA is the core utility token for Gala Games. It is the main token with which NFT items can be purchased, it is the reward received by Founder’s Node operators for operating their Nodes, and it is the Gas token used to cover network fees on Gala’s blockchain.

Each day, 50% of GALA emission is distributed to Founder’s Node operators, and 50% is distributed to the Gala Games conservatorship, where it is reserved for future ecosystem growth and/or project funding.

Total daily emission of GALA is halved each year on July 21st, according to the following schedule:

From 7/21/21 to 7/21/22 - 17,123,286 GALA per day From 7/21/22 to 7/21/23 - 8,561,643 GALA per day From 7/21/23 to 7/21/24 - 4,280,822 GALA per day

More about GALA tokenomics can be found in this support article.

Gala Games was founded in 2019 by Eric Schiermeyer, Co-founder of Zynga, along with like-minded experts from gaming, crypto pioneers and blockchain developers. Success in mobile gaming with titles like Zynga Poker, Farmville and Mafia Wars set the stage for a huge leap toward player empowerment.

Including the teams at Gala Music and Gala Film, as of early 2023 there are approximately 400 people around the world working for the fully remote US-based company.

Centuries of combined experience from some of the greatest game devs makes Gala Games truly unique in both the Web3 and gaming worlds. They are committed to a “games-first” approach, always reaching for the greatest possible gaming experience above all else.

The team at Gala Games is passionate about gaming. They are taking the most cutting edge aspects of Web3 tech, and using them to give gamers freedom like they have never seen: Freedom to own, freedom to earn, and freedom to play.

Gala Games also aims to simplify the onboarding process for gamers entering the Web3 world, allowing users to begin making blockchain transactions by simply connecting an existing Coinbase or MetaMask wallet. Additionally, many Gala Games items can be purchased directly with credit cards.

Gala Games works closely with OpenSea to facilitate its official NFT collections, which can all be found on this collection page. Because every Gala account has a corresponding Ethereum wallet, players are able to easily trade their items peer-to-peer on OpenSea.

The Gala Games team is very accessible in the Discord community, where players and community members are truly listened to. This open dialogue community approach has been one of the greatest secrets to Gala’s success.

In early 2022, Gala Games expanded its mission to encompass all of Web3 entertainment, launching both Gala Music and Gala Film. Additionally, Gala’s generative NFT avatar project, VOX, has dropped 4 successful series, including collaborations with Dreamworks’ Trolls and AMC’s The Walking Dead. An ambitious and gamified metaverse home for all VOX is currently being developed by Will Wright, creator of The Sims.

Gala users collect in-game NFTs from different games on the platform. They can either use them in-game for various benefits, boosts and reward opportunities, or trade them as they please on the secondary market. This ability to own and trade in-game items allows players to shop and play with less commitment, giving them the freedom to play more games.

While Gala often develops its own games (Town Star, Mirandus, Last Expedition, The Walking Dead: Empires), the company also works with award-winning external gaming studios. A list of currently playable or in-development Gala Games can be found on this page.

In late 2022, Gala Games unveiled its own “games-first” layer-1 blockchain solution (currently called Project GYRI). Assets on Gala’s blockchain are fully bridgeable to and from the Ethereum blockchain, and GALA acts as the gas token for all transactions. When GALA is collected as transactional fees, a portion is burned, and a portion is distributed to Founder’s Node operators as an additional reward.

Throughout 2023 and beyond, Gala has many announcements and releases planned as the Gala Games platform takes shape as the world leader of Web3 gaming.

The maximum total supply will be approximately 50 billion GALA.

Each day, 50% of GALA emission is distributed to Founder’s Node operators, and 50% is distributed to the Gala Games conservatorship, where it is reserved for future ecosystem growth and/or project funding.

When GALA is spent on NFTs in the Gala Games store, 100% of that GALA is burned. Then, an equal amount of GALA is added to the lifetime distribution pool to eventually be recirculated as described above.

Total daily emission of GALA is halved each year on July 21st, according to the following schedule:

From 7/21/21 to 7/21/22 - 17,123,286 GALA per day From 7/21/22 to 7/21/23 - 8,561,643 GALA per day From 7/21/23 to 7/21/24 - 4,280,822 GALA per day …continuing in this pattern

More about GALA tokenomics can be found here.

GALA is an ERC-20 token built on the Ethereum blockchain with the following contract address: 0x15d4c048f83bd7e37d49ea4c83a07267ec4203da Etherscan Link

The GALA contract has been audited by leading third-party blockchain security experts at Anchain.AI. Complete results of this audit are publicly available through THIS LINK.