Introduction

Recently, I purchased a GALA Music node for just under $2,000. If you’re wondering what a GALA Music node is, you’re not alone! After fielding numerous questions from friends and crypto enthusiasts alike, I decided to write this blog to explain what it is and why I made this investment.

GALA Music

GALA Music is a division of GALA, a top 100 cryptocurrency layer-1 blockchain known for its involvement in web3 gaming, music, and film. GALA Music is essentially the “Spotify” of the web3 world, but with a twist. It operates in a decentralized way, empowering artists and listeners in ways that traditional platforms like Apple Music and Spotify do not.

Currently, the platform hosts thousands of music tracks spanning genres such as R&B, electronic, classical, techno, and pop. GALA Music is rapidly expanding, with ambitious goals to onboard more users and artists, hoping to challenge the dominance of industry giants like Apple Music and Spotify.

The main difference? The platform is operated by “Node Operators” who manage and run the platform in a decentralized way. Unlike Spotify, which controls the platform’s operations, artist selection, and pricing, GALA Music empowers its community through decentralized decision-making, creating a vibrant new ecosystem with several key features:

1. Artists upload their tracks to the platform for free (in contrast to traditional music platforms).

2. The tracks are hosted on decentralized servers run by node operators.

3. Artists earn cryptocurrency every time their tracks are played.

4. Listeners can use a free version of the platform or pay for premium services, along with purchasing exclusive merchandise or discounted tickets to live events.

5. Users can acquire fractionalized ownership of tracks and earn cryptocurrency when the track is played, sharing profits with both the artist and other owners.

What Is a GALA Music Node?

A GALA Music node is essentially the backbone of the platform. Anyone with a computer can purchase one and, once set up, the node software works with other nodes to run the GALA Music platform. These nodes help maintain the decentralized network, host music, and allow the community to vote on the platform’s future direction.

Moreover, GALA Music nodes play a crucial role in maintaining and forming the blockchain. In simple terms, a blockchain is a decentralized and immutable ledger of transactions. Once a block is added to the chain, it cannot be changed, ensuring transparency and security.

Will Running a Node Slow Down My Machine?

I run my GALA Music node throughout the day and haven’t noticed any slowdown on my computer. While the computational power requirements may increase as the platform grows, the rewards and compensation for owning a node are expected to increase as well.

How Much Does a GALA Music Node Cost?

As of October 3, 2024, a GALA Music node costs around $1,800. The price increases by $200 for every 100 nodes sold, and there is also the option to sell your node on the secondary market.

Current Rewards for Node Operators

Node operators currently receive daily rewards in GALA $Music tokens, provided their node is online and actively hosting tracks. Yesterday, I earned 450 GALA $Music tokens, which, at today’s rate of $0.04 per token, is equivalent to $18. That translates to approximately $540 per month in passive income Note: You can also own as many nodes as you wish.

Additionally, node operators can randomly receive exclusive in-platform items, such as digital collectibles, music tracks, and memorabilia, which can be sold on NFT marketplaces like OpenSea.

What Can I Do with My GALA Music Tokens?

There are several options for utilizing your GALA Music tokens:

1. Sell for USD: You can sell your tokens on exchanges like Bitrue, where $Music is currently trading at $0.042 (as of October 3).

2. Hold for Future Gains: If you expect the token price to appreciate, you can hold your tokens, but be mindful of the volatility in cryptocurrency markets.

3. Invest in Music: Use your tokens to purchase ownership rights to tracks on the platform, allowing you to earn passive income whenever those tracks are played.

$Music is the native currency for all GALA Music activities. As the platform grows in popularity, the demand for $Music may increase, potentially driving its value higher.

Non-Financial Reasons for Purchasing a GALA Music Node

While the financial potential of owning a GALA Music node is attractive, my decision to invest goes beyond just earning rewards. At its core, I love music and have always been passionate about discovering new artists and supporting the music industry. However, I’ve long been frustrated with how traditional streaming platforms like Spotify operate. Spotify and other major services take a significant percentage of revenue from artists, often leaving musicians with only a fraction of the income they truly deserve.

GALA Music changes that dynamic by giving artists direct control over their earnings and allowing them to be compensated fairly for their work. When I heard about this decentralized platform that empowers artists while giving fans a chance to directly support and even own part of the music they love, I was instantly drawn to it.

Another aspect that excites me about GALA Music is the platform’s growing roster of emerging artists. GALA isn’t just about established musicians — it’s actively creating opportunities for up-and-coming talent. The platform fosters a creative environment where listeners can discover fresh new tracks, and it gives artists a fair chance to thrive without being overshadowed by the industry giants. Supporting a platform that champions both fairness and creativity aligns perfectly with my personal values.

Conclusion

GALA Music nodes offer more than just financial rewards — they represent a shift in how the music industry can operate, benefiting both artists and listeners. By decentralizing music streaming and giving artists the majority of the profits, GALA Music is paving the way for a fairer, more transparent industry. For music lovers like me who want to see artists succeed and get paid fairly, owning a node feels like a meaningful way to contribute to this change along with a way to generate passive income. Plus, with so many talented new artists on the platform, the future of GALA Music looks promising in both financial and cultural terms.

If you are interested in purchasing a GALA Music Node, you can sign up for an account here

Thanks for reading folks!