In the recent period, concepts such as NFT, metaverse and GameFi have flourished, driven by new investment trends, and benefiting from the “Play to Earn” stimulus.
This boom is reflected in the emergence of games and gaming platforms based on the blockchain.
Among the platforms that have distinguished themselves in the recent period from others is the “Gala Games” platform, which is a rare blockchain gaming platform based on the Ethereum “ERC1155” standard.
Although most people are familiar with ERC20 or ERC721, many may not have heard of ERC1155, which is a new token standard issued by game development service providers.
The standard aims to help game developers save costs and make transactions more efficient.
As a combination of ERC20 and ERC721 NFT tokens, ERC1155 can be used to deploy an unlimited number of regular digital tokens and NFTs in a single smart contract.
Meanwhile, by using ERC1155, many complex transactions can also be aggregated and sent to blockchain networks thus saving huge gas fees and making transactions more efficient.
An overview of the Gala gaming platform:
Founded in 2018, Gala Games develops and operates a variety of games.
Gala Games offers non-blockchain players for decentralized gaming, by creating simple access and allowing them to control their game assets.
With Gala Games, players can trade items obtained from the game on the blockchain.
According to a Gala Games statement:
"Gala Games' decentralized ecosystem aspires to open the doors wide and bring back the control players deserve."
Gala Games is a game developer and game aggregator.
In addition to games developed by the Gala team, games developed by other teams can also be released on Gala Games with node voting being enforced.
In the future, Gala Games will create standard crypto toolkits, NFT libraries and wallets so that other game developers can integrate these functions into their games and become part of the Gala Game ecosystem.
This is why Gala was once referred to as the “Blockchain Gaming Center.”
Gala Games was founded by Eric Schermayer, a former developer of FarmVille (one of Facebook's most popular apps) and co-founder of MySpace (formerly the world's largest social networking site) and social gaming company Zynga.
Based on the ERC20 standard, the Gala Games native digital token GALA provides a convenient channel for payment and settlement for participants in the Gala Games ecosystem.
In addition to in-game payments, players can use GALA to purchase game items and get rewards.
It should be noted that although GALA does not represent any ownership or other interest in Gala Games, players have a say in the development roadmap of Gala Games.
Participating players and contract operators can decide what types of games will be launched on the platform and use the funds through a distributed voting mechanism.
Players can get “GALA” in three ways:
1. Players can get daily rewards by becoming Contract Operators that keep the Gala Games Network safe and stable, so in order to become a Node Operator, players need to purchase a license (its Founder Contract).
Then the node operator will get 1 point per day, provided that it continues to run the node for at least six hours per day.
Points are scored by the Gala points system, which determines the allocation of rewards through a random algorithm.
At the moment 1 point is equal to 742 GALA.
2. Players can join the GALA ecosystem and invite their friends to get referral rewards.
Players can get 10 points for inviting friends to become contract operators.
When the invitee meets the daily criterion to run a node, the invitee can receive an additional 0.1 point per day.
3. Players can also buy GALA in secondary markets.
Boom Gala Games:
The Gala Games ecosystem is powered by contract managed by more than 8000 players.
According to related reports, Gala has reached cooperation with top DeFi projects such as 1inch Network and Yearn Finance.
In addition, the platform has also established partnerships with Opera (a world leading browser) and BSC.
GALA has already been listed on CoinEx for a while now which arguably is the company that has helped it tremendously to become what it is today.
A few days ago, GALA was also listed on Binance, with its price up 265%, putting Gala Games at the heart of the cryptocurrency market.
All kinds of GameFi projects are rushing into the crypto market.
Given the user base, activity, overall market value, and developer development of these projects, the game icons boom is far from over.
GameFi is still a blue ocean that has yet to be fully explored.
Many followers are optimistic about GALA and its exceptional results in this blue ocean.
Gala's ecosystem is growing fast. I think it will grow much faster with Metaverse.