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      What you need to know about GALA - Stocks Telegraph

      By Ammar Mukhtar

      Published on

      November 26, 2021

      4:47 AM UTC

      What you need to know about GALA - Stocks Telegraph

      While some may agree with the use of blockchain technology to become the future of finance and others may not, one must admit that the creativity of employing blockchain in video games is nothing short of genius. Although still in its nascent form, there are many companies already working towards the future of multiplayer gaming through the medium of blockchain. GALA is one of those companies.

      The vision of GALA games revolves around the enjoyment of the player. Their first priority is fun. They believe that the blockchain should be invisible in their games. They use simple game mechanics that can be enjoyed by all sorts of players, regardless of whether they consider themselves to be blockchain pros or not.

      The ownership of the game belongs to the players. What they mean by this is that the players in the truest of sense get to win their games. If a magical sword is earned through the effort of a player, that sword belongs to the player. Each such asset has a unique identity attached to it. It is a sort of a non-fungible token (NFT) that can be traded or sold.

      GALA games also claim to be the company of the people. Everything within the Gala Games Network depends on the player-owned Node Ecosystem. The Gala Network is supported by users through Gala Nodes. This attributes a lot of control within the games. Their aim, through this decentralization, is to truly give the ownership of the game to its users.

      Currently, two games are in the beta stage; Spider Tanks and Townstar. For TownStar, through a voting process, a Specific Node for the game was added in the Gala Games ecosystem. The Specific Nodes will serve as a new layer to the Gala Node Ecosystem.

      Price Movement – Gala (GALA)

      At the time when this article is being put down into words, the current value of GALA is $0.72 with a trading volume of a whopping $6,892,936,479 (this is 86.47% over the past twenty-four hours). Gaming tokens and NFT based cryptocurrencies have ventured quite well despite the market correction of BTC. Due to the rebranding of Facebook Inc to Meta, most of the gaming tokens seem to be exhibiting a trend independent of the price movement of Bitcoin. There are currently 6.98 Billion GALAs in supply with a total supply of 35,240,112,493. The 58th ranked coin is bound to soar in the future as well with the release of the rest of its game in development and the zero-knowledge layer layout of Ethereum.

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