What is Gala Games (GALA)?
Gala Games is a blockchain-based gaming platform that aims to build the largest and primary ecosystem of crypto games. Their focus is on developing and running top tier video games, or, as they say, "games that you actually want to play". The protocol, however, is governed by the players that decide to run nodes (what they call "founder nodes''). These nodes are responsible for deciding which games should be added to the ecosystem. Once in the ecosystem, players use GALA token, the native utility token, to buy items in-game that are, also, non-fungible tokens. That means, all in-game items that you buy are assets with real value that are collectible and tradable with other players in the ecosystem.
What makes it unique?
Gala Games didn’t raise any VC money. Instead, they have used the money derived from their NFT marketplace to develop the project;
Different from their competitors, Gala Games is decentralized, owned and governed by the players;
Gala purpose is to give users true ownership over their in-game assets;
Gala is launching its own chain that will be powered by proof-of-work, a way to add more security to their games and user's funds.
Playstation, Xbox and Nintendo are very popular platforms for gaming that know how to use the internet to gather more players, build communities and launch AAA games. They did it in Web 2.0. Now, this is exactly what Gala Game is aiming to do in the next internet generation, the Web 3.0. They are using the power of the blockchain technology to become a decentralized gaming platform, owned and ruled by the players and for the players, that has its own digital economy. Gala Games embraced the modality "play-to-earn" where players can play games and win rewards that have value outside the game. In this model, the gaming industry will be profitable both for the platform and the game developers, but also for the players that engage with them.