Highlights
- GALA Games (GALA) is primarily a multi-blockchain gaming network that claims to give players control of their games
- Gala works on providing a sense of ownership upon each win
- GALA is trading at US$0.270719 with a 24-hour trading volume of US$771,594,318
GALA Games (GALA) is primarily a multi-blockchain gaming network that claims to give players control of their games. GALA Games could be one of the blockchain-based games generating interest from the gaming industry.
The token has, so far, witnessed gains of over 16.7% over the past 30 days, according to CoinGecko,as of writing.
Gala works on trying to add to the fun element of games by providing a sense of ownership upon each win. The users can get an opportunity to collect unique NFTs and influence the governance of the games within its ecosystem. Founded by Eric Schiermeyer, Gala Games claims to work on the principle of creating blockchain games “you'll want to play.”
Also read: 3 biggest DeFi hacks that have rocked the crypto world
What's unique about Gala Games?
The Gala Node ecosystem works through a triple-proof node system – proof-of-work (PoW), proof-of-stake (PoS) and proof-of-storage. Just like other blockchain-based games such as The Sandbox, Axie Infinity etc., the Gala protocol intends to bring creative thinking into games through its control and its in-game assets.
The multi-game protocol has games such as Legends, Town Star, The Walking Dead: Empires etc. The protocol soon intends to launch its blockchain network known as the GalaChain.
In a blog post, the Gala Games protocol suggests that it has been making steady progress on Project GYRI. Still in its infancy, according to the company, developing their blockchain to support their growing ecosystem is one of the most significant steps they have ever taken.
Also read: How high can LOKA token go after the KuCoin listing?
Besides, recently the protocol announced the Walking Dead Vox drop, which sold out within minutes of the drop announcement. VOX are a collection of NFT avatars which has its earning utility from AMC and Gala Games.
How is GALA Faring?
According to CoinMarketCap, the GALA token is trading at US$0.270719 with a 24-hour trading volume of US$771,594,318. Ranked 63 as per CoinMarketCap, the token was down by 2.15% in the last 24 hours with a live market cap of US$1,888,861,046 and 6,977,205,436 GALA coins in circulation.
Bottom line
After witnessing a bit of a rally so far, the very fact that Gala Games has seen losses shows the volatility of the crypto environment. Extreme caution is merited when it comes to the cryptocurrency market.
Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete, or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.