@asad10 29 October 2021 more from that month

Learn about the “Gala” blockchain gaming platform that thrived thanks to “CoinEx”

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 Game**s 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.