The gaming business has seen robust progress prior to now few years. The business is extensively dominated by giant firms like Microsoft and Take-Two Interactive. These corporations generate billions of {dollars} yearly by means of recreation purchases, subscriptions, and micro-transaction. Gala Video games is a blockchain mission that seeks to disrupt the gaming sector. On this article, we are going to take a look at the highest factor to contemplate when shopping for the GALA token.
Gala Video games is a decentralized gaming platform
Most video games which are presently being performed are centralized in nature. Which means that the builders make all the selections and all the cash. They’re additionally profit-oriented, that means that their motivation is to make as a lot cash as potential. In consequence, most avid gamers hate their recreation suppliers. For instance, EA Sports activities, the proprietor of the FIFA franchise is among the most hated firms on the planet.
Due to this fact Gala Video games hopes to vary this by making a platform the place builders construct their video games and let individuals play them principally totally free. The community is owned by its members who maintain the GALA token. There are two important methods of shopping for the GALA token. First, one should buy it from a centralized change like Coinbase and Binance. Alternatively, you’ll be able to personal and run a node. By being a node operator, you’ll obtain every day distributions from the community.
Gala Video games customers have already developed common video games. A number of the prime video games within the platform are Spider Tanks, The Strolling Lifeless, Legends Reborn, City Star, and Mirandus amongst others. Builders are frequently constructing extra video games within the ecosystem.
The GALA coin is each used for governance within the Gala ecosystem and for making purchases within the ecosystem. It has a market cap of over $1.2 billion, making it the fourth-biggest gaming coin on the planet after Axie Infinity, Decentraland and Sandbox
Play-to-earn gaming is rising
One other factor it’s essential know is that the play-to-earn gaming business is a big one and is rising quickly. Analysts consider that the business is definitely in its infancy and that extra builders and customers will embrace the business. This explains why cryptocurrencies like Axie Infinity, Decentraland, and Sandbox have achieved billions in valuations.
A latest examine estimated that the business might be value over $250 billion in 2024. That may be a robust determine for an business that was barely in its infancy a couple of months.
Gala is a number one participant in NFTs
Lastly, the Gala has change into a number one participant within the non-fungible token (NFT) business. The thought behind this can be a bit easy. Utilizing its platform, individuals can mint their very own NFTs after which promote them of their market. A lot of the NFTs within the ecosystem are of the prevailing video games like TownStar and the Strolling Lifeless. Transactions on this ecosystem are dealt with utilizing the Gala token.
In 2022, the Gala Video games platform will scale back a few of the challenges within the ecosystem by launching its personal product which is named Gala Chain. The chain will change into an integral a part of the ecosystem by lowering the general price that folks pay within the community. It would additionally make it simple for individuals to construct their very own video games within the ecosystem.
Is Gala a very good funding?
The Gala coin has been a nasty funding prior to now few months. Its worth has dropped by over 80% from its all-time excessive. This has occurred regardless that its general ecosystem has grown quickly this 12 months. This efficiency is according to different gaming tokens like Decentraland and Sandbox. For my part, I anticipate that the GALA worth will proceed rising within the coming years because the ecosystem progress continues.