GALA is an Ethereum-based cryptocurrency that powers the Gala Games ecosystem. It aims to revolutionise the gaming industry by offering a decentralised platform for virtual worlds, games, and digital assets. As an ERC-20 and BEP-20 token, GALA facilitates transactions within the Gala ecosystem and empowers users to engage in governance participation and other platform activities.
GALA operates on a combination of blockchain technologies, using Ethereum and Binance Smart Chain. Its future plans include transitioning to its own blockchain, GalaChain, to enhance scalability and efficiency. The token is based on ERC-20 and BEP-20 standards, allowing seamless integration with smart contracts. GALA employs a Proof of Stake (PoS) consensus mechanism to secure the network, validate transactions, and enable governance functionalities.
GALA serves multiple purposes within and potentially beyond the Gala Games ecosystem:
GALA was founded by Eric Schiermeyer, co-founder of Zynga, along with Michael McCarthy. Gala Games was launched in 2019 with a mission to empower players through blockchain technology. Since then, the project has amassed a significant user base and has been involved in various developments, such as launching GalaChain and undertaking token burning events for sustainability. The ecosystem continues to evolve, focusing on decentralising gaming and enhancing user ownership of digital assets.