GALA GAMES REVIEW FULL
GALA GAMES REVIEW PROFESSIONAL

GALA GAMES REVIEW FULL

Gala Games is a blockchain-based gaming platform that integrates play-to-earn (P2E) mechanics and nonfungible tokens (NFT), allowing players to vote on key game development decisions and retain full ownership of their in-game assets. Learn more about Gala Games and how its ecosystem works in this review. Instead, decisions are controlled by its players in a fully decentralized ecosystem instead of being kept within its team. Unlike the traditional gaming industry, the future of Gala Games is not shaped in a vacuum. Finder or the author may own cryptocurrency discussed on this page.

GALA GAMES REVIEW PROFESSIONAL

Talk with a financial professional before making a decision. Potential regulations or policies can affect their availability and services provided. Digital assets are volatile and risky, and past performance is no guarantee of future results. All international money transfer servicesĭisclaimer: This page is not financial advice or an endorsement of digital assets, providers or services.Investing in or trading crypto assets comes with a risk of financial loss. The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. In the first quarter of 2023, the gaming industry has mirrored some positive movements compared to the third quarter of 2022. Notably, the Web2 gaming industry is struggling to adopt blockchain technology because of its advanced security features. The research report also mentioned some leading blockchain gaming companies, including OpenSea, The Sandbox, Axie Infinity, Animoca Brand, and Decentraland. The industry is growing amid the increasing popularity of crypto and blockchain technology. Global Blockchain Gaming Industry OverviewĪccording to a new study by blockchain gaming analysts, the gaming industry is predicted to reach USD 1,020.02 billion by the end of 2032. Huobi is among the leading crypto exchanges operating its business in more than 150 nations globally. On March 31, 2023, Gala and Huobi Global announced that they agreed to work together in a strategic partnership for ecosystem and project development. Ember is a United States-based game-developing company that raised $1.3 million in a Venture round. Puget Sound Venture Club is among the leading investors of this gaming company.Įarlier in January 2023, Gala acquired Ember Entertainment for an undisclosed amount. Funding and Acquisition of Gala Communityĭata from Crunchbase states that the Gala community raised $5 million in funding from Venture and Series-A rounds. Currently, there are 35,240,112,493 Gala tokens in circulation. The total market capitalization of the Gala token is $226,664,074, with a fully diluted market cap of $1,130,750,229. The 52-weeks trading range of the Gala token is $0.0155 and $0.0925. In the last one month, Gala token price fell by over 27% with the lowest traded value of $0.02762. According to CoinMarketCap, the token is ranked 19th in the crypto market regarding trading volume. $Gala Token Price AnalysisĪt press time, the native token of Gala Games was trading at $$0.0322 with a 24-hour trading volume of $231,635,224. He thinks that this approach will increase rewards for Founders Node operators. Jason Brink, the President of Blockchain at Gala Games, believes their need for GALA tokens can be met without a surplus reserve. The ultimate goal of the company is to enhance the stability of token prices after burning unwanted tokens. The total amount of tokens burned to date is worth $637 million. The team plans to burn around $2 billion of its token by the end of 2023. The tokens burned are the reserve tokens of the community, and it decided to burn these to avoid a dump and exit scenario. According to Dune analytics, since January 14, the community has burned 60,506,945 tokens. Gala Games Community recently revealed that it had reduced $21 billion in tokens after completing its V2 token airdrop. 2 The Gala community burned around $637 million of its native tokens to balance the price.1 Blockchain gaming industry to reach over $ 1,020.02 billion in net value by the end of 2032.

Gala games review