Gala: everything you need to know about GALA
Axel has been immersing himself in the world of crypto and blockchain for quite some time, which he then translates into understandable articles.
Gala facts
Abbreviation
GALA
Category
Blockchain gaming
Founder(s)
Eric Schiermeyer
Blockchain
Ethereum, Binance Smart Chain.
Protocol
ERC-20, BEP-20
Launch date
2020
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What is Gala?
Gala is a platform focused on developing blockchain-based games. The project aims to decentralize gaming and empower players, giving them more control over in-game assets and the economy.
How does Gala work?
Gala works based on blockchain technology and uses NFTs to ensure ownership rights in games. Players can collect, buy, and sell in-game items, where these items are unique digital tokens owned by the player and can be traded outside the game.
The GALA token.
The native token of the Gala platform is GALA. This token is used for various purposes within the ecosystem, such as purchasing in-game items and participating in the development of new games. GALA can also be used as a reward for participants in the network.
The technology behind GALA.
Gala uses a combination of Ethereum and Binance Smart Chain for its blockchain solutions. This way, it can benefit from the advantages of both networks, such as security and low transaction costs. Gala Games is also working on the development of its own blockchain, called GalaChain, to improve scalability and reduce costs.
The Gala ecosystem
The Gala ecosystem consists of various blockchain-based games being developed by Gala Games, with a focus on play-to-earn models. Players can participate in these games, collect and trade NFTs, and earn rewards in GALA. Gala also has nodes that are managed by the community, which contributes to the decentralization of the network.
€0.0496▲18.6%
Benefits of Gala
- Decentralization: The community influences the platform by managing nodes.
- Ownership: Players have full ownership of their in-game assets.
- Play-to-earn model: Players can actually earn money by playing games.
Disadvantages of a Gala.
- Competition: Gala operates in a very competitive market with many blockchain gaming projects.
- Volatility: The value of GALA, like other cryptocurrencies, can fluctuate greatly.
- Scalability: The dependence on existing blockchain networks can sometimes bring limitations.
Who is the founder of Gala?
Gala Games was founded by Eric Schiermeyer, one of the co-founders of Zynga, known for popular games such as FarmVille.
Expectations for the near future.
Experts expect a minimum price forecast of €0.1500 in 2026 and a minimum price forecast of €0.4900 in 2031.
Gala price in the last 24 hours
View all key statistics of the past 24 hours here.
€0.0489
€0.0508
€0.0393
Market information
Use these figures to get a better picture of the Gala market.
€973.9 million
€2 billion
41.7 billion
€0.7353
Gala Return On Investment
See how much the price has risen or fallen over the years.
Historical Gala price
Here you can see Gala's daily prices, trading volume and market cap. Looking for a specific date? You can fill in the range all you want. Maybe you'll spot the one trend!
| Date | Price | Volume | Marketcap |
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Most popular crypto currencies today
Frequently asked questions
Gala doesn't have a fixed value because the exchange rate is always in motion. Whenever you get distracted or even blink, it has already changed. Right now, the value of Gala is €0.0496.
You can easily buy Gala on BLOX! Quickly download the app, and within two minutes, you'll have your own crypto portfolio with Gala and your other favorite coins.
So much is happening in the crypto market that it's sometimes difficult to stay continuously informed. That's why we've already taken a look at the expectations for you. According to experts, the value of GALA is expected to continue rising steadily in the coming years. For instance, the price of Gala is predicted to reach €0.1300.
We don't have a crystal ball either, so it's up to you to decide whether you want to invest in GALA. We can only recommend once again that you thoroughly research the market and only invest what you're willing to lose.
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