Have you ever fantasized about a gaming ecosystem that is interconnected? A metaverse where rare collectible items and other in-game assets can be bought, sold, and even transferred from one game to another. Gala is a gaming platform built for blockchain games with that goal in mind. A goal is to create one massive community for fun adventures and exciting play-to-earn games.
In today’s modern time, many people are still skeptical about blockchain and cryptos. Some would even look at it as a scam and refuse to understand the concept behind it, let alone make a crypto wallet to have access to them.
This ignorance is the reason why blockchain games aren’t getting as much attention as they deserve. Gala wants to remove that barrier and build an ecosystem for everyone, even for those who don’t understand what a blockchain or cryptocurrency is.
What is GALA Coin?
GALA is the token that represents Gala Games on the crypto market. It’s also an Ethereum token used for in-game transactions and a governance token for its ecosystem. This gives the power back to its community and allows players to own their virtual assets truly.
Unlike traditional games today, where you spend money for an illusion of owning an in-game asset, which couldn’t be further from the truth. The game can go bankrupt, or the developers can ban you from the game for whatever reason. All your hard work, money, and time invested in it won’t mean anything.
Gala’s Success and Massive Price Growth
GALA token gained so much popularity that it even rose to the top 50 cryptocurrencies in such a short time. Looking at the chart above, you’ll see its phenomenal growth. But what caused their token to reach such heights in a matter of months? Well, there are many reasons.
Their unique idea, combined with a vision that values their players and investors, most certainly makes a recipe for success. GALA was also listed on popular cryptocurrency exchange platforms, allowing more access to the public.
Around mid-November of 2021, Coinbase, one of the largest crypto exchange platforms, added GALA onto its list. And it’s known to spike up the price growth for tokens within the first couple of days after it gets added. This phenomenon is also known as the “Coinbase Effect.”
And lastly, they’ve released their flagship game called Town Star, a play-to-earn farming game. Currently, it is a free-to-play game, so you won’t have to spend anything to start collecting NFTs. But if you want to start earning crypto within Town Star, you’ll have to buy a gold membership that costs $50.
To End
The blockchain and crypto industry is booming, and it’s becoming a race of who could come up with a brilliant idea and make the brightest impact to amass everyone’s attention. This is what makes everything in the crypto and blockchain highly volatile. Everything is driven by hype and the fear of missing out.
With that being said comes the disclaimer. Know that this is not financial advice, and you should not base your financial decisions on what you see online. Such an important decision requires rigorous analysis and always consider seeking a professional’s advice. Cheers!
