Gala Games: Empowering Players All Over The World
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Introducing Gala Games
“Gala Games was founded with one goal in mind: To give power back to the gamers.
Our mission is to enable freedom through play. To this end, we have embarked on one of the most ambitious development projects to date - the creation of the Gala Games Ecosystem. Founded by Eric Schiermeyer (the co-founder of Zynga and gaming legend), Wright Thurston (one of the first major miners in the cryptocurrency space and holder of multiple patents on blockchain technology), and Michael McCarthy (the Creative Director behind viral gaming hits such as Farmville 2), Gala Games is here to fundamentally redefine both the gaming and blockchain spaces.The first game released by Gala Games, Town Star, is a deceptively simple-looking but incredibly deep farming simulation in which the user builds a farm to compete in weekly competitions. At various places, NFTs can be used in the game to provide bonuses but are not required to play, have fun, or compete. Mirandus, the MMORPG/Adventure Simulator currently under development by Gala Games, is working to completely redefine both the game development pipeline as well as the gameplay model by putting the power in the hands of the players and giving them ultimate control over the in-game economy.”
source: GalaGames
Growth Narrative
Gamers and consumers, in general, have been losing control over their content as the internet has become more mainstream and physical media has been slowly phased out. Many games have developed models where players can buy cosmetics and other items using in-game currencies that require real-world money. This has added a new experience to players as they are able to customize their avatars and obtain rare items. These players often spend hundreds of dollars on these in-game items, and as easily as they can be purchased, they can be taken away.
With a ban from a game admin, players can lose access to everything they have paid for. All the time and money spent on getting these items to disappear completely. The gaming company keeps the profits, and the player is now left with nothing. Players may purchase items, but they do not own their items as they should. Players buy the privilege of using an item but are never able to truly own it. Players can buy a cosmetic, but if they have no use for it anymore, they can never sell it to another player and get their money back. This is what Gala Games is changing.
Making blockchain games you'll actually want to play
Gala Games' main goal is to get gamers interested in the quality of video games and for the blockchain behind it to be just a powerful tool. Gala games have observed over time that the appeal of games that only have interesting blockchain features and no quality as a video game is fading. It is then necessary to interest the gamer before the blockchain user to make a good game.
In addition to playing a good game, the players have a voice in the roadmap. They can be enlisted via distributed voting mechanisms to help determine what games Gala Games should develop and get funding. This is done through the Founder's Nodes voting mechanism. Founder's Nodes is another innovative feature from Gala Games.
A Founder's Node is part of the largest decentralized gaming network in the world. There will only ever be 50,000 of these nodes. Everyone who operates a Founder's Node is contributing to the growth of this decentralized gaming network. By running a Founder's Node, one is working to give players real ownership of their assets and content. As an example, Founder's Nodes were able to vote to allow Fortified to be accepted in the Gala Games ecosystem, and if the vote ended up being no, the game would have been rejected. Founder's Nodes allow owners to get rewarded with a GALA token, among other rewards.
The GALA token is the digital utility token of the Gala Games ecosystem. It is cryptographically secured and native to the Gala Games ecosystem. The token main use is to trade in-game objects in the Gala Ecosystem. There was no ICO led before the first distribution of $GALA, and the number of distributed tokens is lower as time passes (through halvings). $GALA price is an x7.5 away from All-Time High.
Innovation
Gala Games’ main innovation is their node ecosystem and the ownership of virtual assets.
The tight control of assets and game accounts has stifled a lot of creative thinking. The decentralized Gala Games ecosystem aspires to blow the doors wide open and give players back the control they deserve. If you win a magical sword in a game on the Gala Game Platform, it is yours. It is a verifiable asset on the blockchain you can trade to another person or play with in-game.
Gala does not have the power to take the sword away from you. They can’t stop another company from making a game where the sword is also in use. Gala’s aim is to encourage the possibilities in this space.
source: GalaGames
What is a Founder’s Node?
A Founder’s Node is part of the largest decentralized gaming network in the world. There will only ever be 50,000 of these nodes.
Everyone who operates a Founder’s Node contributes to the growth of this decentralized gaming network. By running a Founder’s Node, you are working to give players real ownership of their assets and content and earn rewards in GALA tokens and potentially rare NFTs.
What is a Consensus Vote?
A consensus vote is a voting opportunity presented to all Founder’s Node operators in the node network. Oftentimes these votes will be about which games come to the Gala Games platform, but there are other types of votes as well.
A brief example of this was the vote which presented node operators with this statement:
We believe that decentralization is extremely important, so we are proposing that on July 21st, rather than maintaining the current ratio, we shift the ratio so that the Node Operator rewards stay the same.
What this meant was that Gala Games took the brunt of the halving. Node operators almost unanimously voted yes on this one.
Games
source: GalaGames
Team
Gala Games has a team of over 150 employees and is growing bigger every month. Big names are at the head of the company.
Eric Schiermeyer
Co-founder and CEO at Gala Games
Eric is the former CEO of Intermix Media, the company behind Myspace, and he is the co-founder of Zynga.
Michael McCarthy
Co-founder and Studio Director at Gala Games
He is the former creative director at Zynga and the one behind FarmVille 2, a game that had over 40 million monthly active players at its peak.
John Osvald
President of Games at Gala Games
John has a 15-year background in the gaming industry, most of it from Zynga, but his most recent position was Head of Products at the mobile games division at Electronic Arts. His job at Gala is to oversee the games under development.
Warren Marshall
3D Artist at Gala Games
Warren is working with 3D designing. He has over 20 years of experience in the industry, and 5 years of those were spent at Epic Games, where his most recent project was Fortnite.
Craig Matchett
Art Director at Gala Games
Craig is working with 3D designing and on one specific project at Gala which is Mirandus. He was a part of the creation of Dead Space 2 & 3, Battlefield Hardline, and many more popular games.
Partners & Backers
Gala Games announced during its Galaverse event back in December 2021 that it has launched a $100 million blockchain gaming fund with C2 Ventures, a new crypto investment firm founded by Ciara Sun, the former Head of Listing and Blockchain Investments at Huobi Global.
The joint fund will invest in game developers and emerging projects building with blockchain technology, including but not limited to play-to-earn, GameFi, metaverses, and other decentralized gaming solutions.
Roadmap
GALA Music
Music is one of the oldest forms of creative expression, both omnipresent and timeless. There are some things. However, that time should have changed music - for the benefit of those who make it and for the benefit of the fans who love it.
Commenting on the lack of control and low compensation that today's artists endure through streaming, contracts and licensing is nothing new. People are no longer surprised by the huge barriers that have been created between musicians and their fans or by the massive disconnect between promising talent and their ability to be seen and supported.
Gala Music is a new Ecosystem of artists and fans empowered by the blockchain. Soft launched in February 2022, with the release of a limited number of Player Node licenses and the announcement of a partnership with Death Row Records (newly returned to one of its best-known artists, Snoop Dogg), Gala has now begun its journey to transform the music industry for the better.
Along with signing new artists- and cementing new and explosive partnerships- Gala Music is already hard at work seeding, building and refining the Ecosystem that will support a never-before-seen artist and fan experience that incorporates personal ownership listen-to-earn, and creative freedom into the musical world.
Empowering artists
On the blockchain, artists have creative control and the freedom to mint, drop and distribute music how they want.
Championing talent
Established artists support emerging musicians and new talent.
Sharing rewards
Fans collect music NFTs, listen to earn, and share in the success of musicians they love through revenue and rewards.
GALA Blockchain
Most blockchains are, at their core, little more than decentralized databases for tracking financial transactions. A "distributed ledger" is exactly what it sounds like — just a long list of who holds what at any given time. While this is great for finance, it falls far short of what is needed for gaming. Gala's chain is the first blockchain developed by game developers specifically for the requirements faced in-game, but it also lends itself beautifully to ideas like Listen-to-Earn, Watch-to-Earn and more.
The Gala Games Ecosystem was first designed for gamers to give them a high-quality games-first experience with all the conveniences and benefits of blockchain ownership. Minor alterations and further improvements to the development of Gala's blockchain can easily extend the rewards to listeners, supporters, artists, fans, collectors, early adopters, and more as Gala expands into music and beyond.
Now, as the Gala World is growing to include Gala Music and other forms of media in the future, Gala's blockchain can help power it all. A great deal of time and energy has been spent creating the exact blockchain needed to power this Ecosystem in the ways imagined, with the following features (among others):
Faster transactions.
Reduced impact on the environment.
Lower network fees.
Lower minting costs.
Interoperability throughout the Gala World.
Transferability to/from Ethereum.
For now, Gala's blockchain will be known as Project GYRI.
Gala's chain's final and official name is not yet determined, but Project GYRI has been chosen as the placeholder name that will be used throughout the blockchain's early testing days.
Community
Size and engagement
Gala Games has a significant social media presence with over 350,000 followers on Twitter and close to 170,000 members on Discord.
source: Twitter
source: SocialBlade
Gala's social media growth has been declining since November 2021, like the crypto market in general. It is a safe bet that interest in Gala Games will pick up even more strongly when the market starts to rise again.
Communication
source: SocialBlade
Gala Games is very active on social media, especially Twitter, and they usually get quite good engagement for their tweets. They communicate articles on their Medium and by announcing news and latest partnerships via Twitter. They also conducted large-scale events such as the Galaverse in December, in Las Vegas, for a show that offered immersive world experiences for each of Gala’s games.
In addition to that, there were announcements of tons of new projects like Last Expedition, Legacy and The Walking Dead: Empires. There were top-tier performers and live entertainment throughout the day, followed by VIP catered parties in the evening. There was free stuff for guests and exclusive discount drop opportunities for attendees. There was inside track info and a chance for the community to spend some time with the team. The next Galaverse is announced for June 2022.
Gala Games is leading offline events, too, such as the current May Mayhem, a month of competition and distribution of rewards ($4 million in player prizes).
Price
Token Release Date: $GALA – September 18, 2020
Market Capitalization: $GALA $719,367,000 – May 13, 2022
All Time Low : $GALA $0.000151 – December 28, 2020
All Time High : $GALA $0.8367 – November 26, 2021
TA Analysis
Looking at the weekly timeframe, we can clearly see the support of -18-27 investment zone, which is at the same levels as the Sep-Nov 2021 accumulation range. The significance of that zone is proven by the increased volume and character of the candle (long wick underneath) shows that there is a lot of interest in the asset.
Now, coming down to the daily timeframe in detail:
The bounce happened in the main demand zone that was formed right after the listing and had never been retested.
The bounce itself formed with the PPR setup, which only occurred once previously and was followed by a 112% price increase.
At the moment the asset is trading around the accumulation range POC, which clearly acts as a strong resistance now.
Classically PPR setups are traded in a very simple manner:
Entry at the market price after PPR is formed with take-profit at the previous range lows and stop-loss with daily closure below PPR setup.
However, in this case, even though the risk to reward ratio is good, stop-loss would be around 46% which is a lot for a default trading setup, and take-profit would only be at the asset's lowest prices based on previous data. Having that in mind and understanding the asset's potential, the best approach to $GALA would be a long term investment.
And with factors such as a 90% discount from the ATH, -18-27 support zone, + daily PPR setup, we have a great offer to add the asset to our quiver.
Let's look at the potential resistances that may occur on the way:
For that, let's break down the chart into ranges and define the most traded volume levels.
The first major resistance comes at 0.155c, which is nearly 2x from current prices, followed by many nPOCs and extremum points.
So, for stressless investment, it is recommended to sell 50% of the asset at 2x (which in this case is the first major resistance) and keep the "free" tokens, partially booking profit on higher price levels.
However, if you like the asset and want to maximize profits, you could divide your take profit areas equally among marked levels (strictly NFA).
Technical analysis of $GALA provided by Oleg Khodovskyi.
CEX
$GALA is listed on many exchanges, here is a list of some trusted exchanges:
Tokenomics
Distribution, vesting periods, circulating supply.
Gala Games has received no VC funding of any kind, and there was no ICO for the GALA token either.
The $GALA token has a fixed maximum supply of 50 billion units. Out of this, around 7.5 billion $GALA are currently circulating. This represents ~15% of the maximum total.
source: CoinGecko
GALA Distribution:
July 21st 2021 - July 20th 2022
17,123,286 $GALA is distributed daily at approximately 02:00 UTC.
Half of this $GALA is distributed to Founder’s Node Operators,
and half is distributed to the Gala Games Conservatorship.
Halving Schedule:
Each year, on July 21st, the distribution of $GALA will be halved.
For example, beginning on July 21st of, 2022, the daily distribution of $GALA will be 8,561,643 instead of 17,123,286.
Token Utility
$GALA is a utility token that has the following use cases:
Governance of Gala Games.
Rewards to the Founder Nodes.
The in-game currency of Gala Games Ecosystem.
Rewards to the Game Players.
Payment for in-games items on Gala Store.
Not financial advice. The Crypto Intelligence Report is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Do your own research and make an informed decision.
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