Video Games & Blockchain Industry
The gaming industry has been around for a long time and has seen tremendous mainstream adoption worldwide over the last decade. Those who had the opportunity to play pixelated PC and console games with low-performance graphic cards and spartan user interfaces will cherish the memories of that era.
The whole gaming industry was significantly less developed and saturated several decades ago, and the entire game development process was not from afar that complex and demanding as it is today.
Video Games Production & Size
Millions of dollars worth of production costs used to be unheard of, but these days, video game development can easily break the tens and even six-number million mark. These factors pushed up advertising costs and made the gaming market an attractive investment opportunity.
Video Games Industry is an impressively massive, expansive, and prominent business in which the Marketing segment plays a significant, if not crucial, role that holds together the development structure of the industry and attracts financial resources and mainstream attention.
Many people do not realize that gaming has overtaken the music and movie industry in size. It’s a little-known fact that more than 25% of the world’s population plays video games.
Tech Companies & Growth
It is undoubtedly one of the reasons why predominately tech companies pour enormous capital into the gaming industry, fueling its growth.
The gaming industry is now worth close to $200 billion, and by 2026, that figure is expected to reach more than $300 billion.
It should not come as a surprise that a growing number of non-traditional gaming companies are getting involved in the game industry to take a bite out of that juicy pie.
Nowadays, purchasing video games on a disc is quite a rarity and belongs to the obsolete business model. The gaming industry has gone rather exclusively digital and is using the rise of streaming platforms, subscription-based gaming services, in-game purchases, Free-To-Play, Pay-To-Play, and a variety of other business models to generate revenue.
Blockchain Gaming Trend
Following the rapid rise and trend of the blockchain industry over the past few years, blockchain gaming has emerged as an innovative and fast-growing aspect of gaming that can transform the industry in the future.
Blockchain gaming shows a fast growth rate, given that this new gaming industry branch has only been around for a few years now. The industry is already worth $30 billion, and based on its exponential adoption, it shouldn’t be a surprise that it could be worth over $100 billion by 2024.
Gala Games is one of the most promising blockchain gaming projects among the new ones made popular by the blockchain technology uprising trend.
Gala Games Blockchain Gaming
Gala Games is a gaming platform that utilizes Non-Fungible Tokens (NFT) and aims to build a revolutionized blockchain-based gaming system that will allow players to regain control by leveraging blockchain technology.
In their own words, they want to develop “blockchain games you’ll actually want to play.”
Gala Challanges the Status Quo
Gala Games challenges the existing game industry status quo and takes an utterly innovative path. The standards that rule the video games industry nowadays are pretty different; players can invest hundreds of dollars on in-game assets and spend countless hours playing virtual worlds, only for everything to be taken away instantly. The company seeks to give more power to the players by changing the current state of affairs.
Through the use of blockchain technology, it hopes to bring creative thinking to games by giving users authority over in-game assets.
Since its launch in 2019, Gala Games has attracted over 1.3 million monthly active users and sold 26,000 NFTs, with the most expensive one valued at $3 million.
GALA is the native token of the Gala Games platform. It serves various purposes, including network governance, node operator rewards, and in-game prizes for players.
GALA tokens can also be used to purchase NFTs and other assets in the Gala Shop.
GALA Token Features
It is important to note that Gala Games is not a single game but rather a collection of blockchain games that prioritize the user’s experience above the blockchain technical details.
For example, Town Star is a browser-based simulation game from Gala Games. As in SimCity, the players manage a city, but in Town Star, they truly own it.
Gala Games ETH, Binance Smart Chain & Polygon
Town Star was the first game from Gala Games to feature cross-chain functionality. In addition to the ETH mainnet, the GALA token is also available on the Binance Smart Chain. Gala recently partnered with the Polygon network and is interested in expanding cross-chain, so many other networks, and layer-2 solutions can access their gaming systems.
Gala of Many Games
Gala’s platform houses a half-dozen games under development that use blockchain to power their gaming experiences. A variety of games are included, including space exploration, RPGs, and tower defense.
Gamers can easily buy and sell in-game assets using Gala Games’ built-in marketplace. Getting liquidity fast lets players take advantage of game rewards or purchase new game items or characters to sweeten their gameplay.
Gala Games Community Base
Among the most critical indicators of a project’s potential success in both the gaming industry and the blockchain space is the size of its user base.
Those who can gather a large fan base community and gain their loyalty, trust, and rouse excitement around the project, those who can push and overcome their limits in the field of crypto gaming stand the highest chance of success.
Gala Games has become such a powerful player and leader in the world of blockchain games and NFT marketplaces thanks to its tremendous popularity, a large fanbase, and the company’s “fun first” vision. With Gala Games, players have the option to own the game assets in the form of NFTs (non-fungible tokens).
With 1.3 million monthly active users, the number of active players on Gala Games is remarkably high, particularly when approximated to other Play-To-earn Games, which usually have a player population below a hundred thousand.
Therefore, it is expected that games that are being published through the Gala Games platform will quickly become some of the most popular P2E games in the blockchain realm.
Gala Games Creator Co-Funder of Zynga
Eric Schiermeyer, a co-founder of Zynga, created Gala Games in 2019. A recent study by Gala Games shows that it has over 1.3 million users per month.
Gala Games has created a blockchain-based gaming platform, NFT-focused games, and Gala Music. This platform allows music lovers to participate in a music-focused NFT.
Fun First Concept
A decentralized ecosystem integrated into Gala Games GameFi platform enables developers to create their own games and deliver them directly to their own platforms.
With Gala tokens, Gala Games also allows players to trade NFTs within their game stores.
One of the best qualities of Gala Games is its team of experienced executives, developers, and experts. They intend to bring blockchain-based gaming to a new level with enriched gaming potential.
Exceptional gaming experiences for all gamers have been the number one priority for Gala Games’ developers.
Unlike many gaming companies, Gala Games is not focused on investment, profitability, or speculation but rather delivers an enhanced gaming experience that emphasizes excitement and fun.
There are plenty of games in different genres and categories available through Gala Games, including the “Town Star” game. Essentially it is a game about creating your own town.
Gala Games Portfolio
“Mirandus” is another Gala Games online role-playing game (RPG).
The Walking Dead: Empires
Ember Entertainment has also developed a range of survival games, such as “The Walking Dead: Empires” that can be found on Gala Games store.
Developed by 22cans, Legacy is a simulation game focused on business strategy.
“Legends Reborn” is a strategic card game developed by the Kung Fu Factory team.
There are also a number of thought-provoking games at Gala Games that will provide you with a fun and exciting gaming experience.
GAMEDIA, a Netherlands-based company, designed and developed Spider Tanks, a PVP brawler.
Developed by the renowned development studio Certain Affinity, Last Expedition is the world’s first AAA first-person shooter based on blockchain and player ownership.
Echoes of Empire
Developed by Ion Games, Echoes of Empire is an epic sci-fi strategy game soaked in mystery, intrigue, and a thousand years of royal rule.
ROUND2’s Fortified is a tower defense game in which players compete against each other invading and defending villages. The game takes place in a dark fantasy world.
Gala Games Music Platform
Top artists from around the world collaborate with Gala Music. With the Gala Music platform, Gala Games will create solutions to reward artists, musicians, composers, and relevant industry stakeholders, transforming the music landscape and shaping the future of music appreciation.
Gala Music is a platform for fans to share the musical achievements of their favorite artists and musicians. As fans listen to their music through Gala Music in the future, musicians can earn income from the platform.
Gala Music Snoop Dog NFT Album
In addition, Gala Music has teamed up with hip-hop legend Snoop Dogg for an exclusive NFT-based album, containing three bonus tracks. Purchases of the new Snoop Dogg NFT album are not available anywhere else but Gala Music.
In addition to Steve Aoki, BT, H.E.R., 3LAU, Kings of Leon, and Bassjackers, Gala Music has collaborated with a number of other famous artists.
GALA NFT holders have special privileges and will be granted exclusive access to their favourite artists and musicians.
Listen To Earn NFT Exclusive Drop
There is a privilege called the NFT Exclusive Drop, in which NFT holders receive photos, movies, characters, and much more as well as privileges under the “Listen-To-Earn” system.
NFT holders will receive coins as rewards and other benefits for listening to their favorite music, meaning musicians do not only earn money from the platform, their fans also receive rewards for listening to their favorite music.
The Orbs Music & Art NFT
Moreover, the first series of fully generative music and art NFTs, “The Orbs“, can create unique visual art installations and music NFTs.
The Orbs create only one of its kind generative audio and visual art NFTs, and they are distinctive and exceptional. A new NFT trend could be born in the music industry with the Orbs.
Where to Buy GALA token?
The Gala Token runs on the Ethereum Blockchain and on Binance Smart Chains (BSC). To make its gaming ecosystem more suitable for blockchain technology, Gala plans to develop its own platform. As we mentioned above, Gala recently partnered with the Polygon network and is interested in expanding cross-chain, so many other networks, and layer-2 solutions can access their gaming systems.
The Gala coin was listed on the world’s top cryptocurrency exchanges, including Coinbase, Binance, Huobi, and KuCoin, in September 2020. Traders of Gala coins in Thailand can use Bitkub and Zipmex to transact.
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party, and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high-risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
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