How is Gala Games faring after its VOX NFT drop?

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 How is Gala Games faring after its VOX NFT drop?
Image source: © Alexanderushkevich | Megapixl

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.

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