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The Crypto trade is but prepping for an additional thrilling 12 months, and Crypto Gaming is likely one of the most bullish sectors.
That is our second analysis report on a Gaming Mission. Earlier than this, we printed a report on The Sandbox, which made our group greater than 10x in a span of some weeks. You may learn The Sandbox Analysis Report right here.
Transferring on, gaming as an trade has developed considerably over the past 20 years. Initially, it was only a “Mode of Leisure”, then it grew as a medium to “Escape from Actuality”, however now it’s “The Actuality”.
Not kidding, a number of folks have began quitting their day jobs to play crypto video games. Because of the Play to Earn video games which rewards its gamers in actual crypto tokens. Simply google it, or learn this text as a reference. Axie Infinity pioneered this P2E (Play to Earn) class of video games.
Additional, the principle spice behind the expansion of those initiatives is the Blockchain ecosystem which supplies full management of in-game belongings to the gamers with the assistance of Non-Fungible Tokens (NFTs).
At this time we have now introduced one other P2E gaming platform referred to as Gala Video games.
So, let’s dive in and perceive extra in regards to the venture.
What’s Gala Video games?
Gala Video games is a Gaming Studio that builds blockchain-based video games. At the moment, the platform is constructed on the Ethereum Blockchain. Nonetheless, the corporate plans to shift the platform to its native blockchain community referred to as Gala community.
This venture’s USP (Distinctive Promoting Level) is the founding group’s substantial expertise within the gaming ecosystem. Additional, in contrast to a single recreation, which might change into well-liked at a degree however loses its attraction over time, Gala Video games is a gaming studio that can construct a number of video games. Which means that the ecosystem is just not depending on one single recreation.
Now let’s check out founders and their respective backgrounds.
Who’re the Founders of Gala Video games?
The founders of Gala Video games are Eric Schiermeyer and Michael McCarthy.
Eric Schiermeyer – Linkedin
CEO, Gala Video games
Eric lives in San Francisco, California, in america and has accomplished a level in Philosophy from the College of California. In 2000, Eric Co-Based Intermix Media, the corporate behind MySpace, probably the most well-liked social media platforms of the early 2000s earlier than Fb.
In 2007 Eric Co-Based Zynga, a gaming firm that constructed a few of Fb’s hottest video games, resembling Farmville and Zynga Poker.
With a lot success within the gaming house, in July 2019, Eric joined fingers with an Ex Inventive Director of Zynga Michael McCarthy and based Gala Video games.
Michael McCarthy – Linkedin
Studio Director and Co-Founder, Gala Video games
Michael places up in Salem, Oregon, in america. He has achieved his Bachelors in Nice Arts and Laptop Animation.
Michael has served as a Inventive Director with many gaming firms. From 2009 to 2015, he labored at Zynga.
After leaving Zynga in 2015, he joined Eric in 2019 to construct Gala Video games. In Gala Video games, Michael is a Studio Director and the lead developer of the platform’s first recreation City Star, a crypto model of Farmville.
Along with the founders, the group energy of the venture is greater than 90.
Now let’s perceive extra about Gala Video games by means of its numerous parts.
Parts of Gala
1. Community Nodes
As mentioned earlier than, Gala Video games plans to function its gaming ecosystem by means of its blockchain community referred to as Gala Blockchain. The switch of Gala on its blockchain is anticipated to occur someplace in Q2 of 2022.
Additional, this Community is split into two components:
- The Gala Blockchain – constructed with Founder Nodes
- The Gala Sport Node Community – constructed with Sport Nodes.
Let’s perceive these nodes separately.
a. Founder Nodes – Gala Blockchain
A node is a pc system that should obtain Gala Video games software program. There can be a most of fifty,000 founder nodes on the community. These founder nodes will create a blockchain community generally known as the Gala blockchain. That is how the entire ecosystem can be secured and can stay decentralized.
Thus, the founder nodes would have a shared authority on the Gala community.
Founder nodes can be rewarded periodically within the type of GALA tokens (the native tokens of the GALA ecosystem) and restricted version NFTs.
Nonetheless, to run a founder node on the community, that you must buy a founder node license on the platform.
On the time of writing, the worth of 1 Gala Node License is 287,263 Gala Tokens, i.e., roughly $ 92,500. That’s fairly costly.
As soon as full 50,000 node licenses are issued, there’s a plan to transform these node licenses right into a Non-Fungible Token in order that they are often traded within the marketplaces.
You may learn extra about Gala Founder Nodes right here.
b. Sport Nodes – Gala Sport Node Community
Sport Nodes are much like the Founder Nodes with the distinction that they’re game-specific nodes. These nodes create a secondary community to the principle Gala community referred to as Gala Sport Node Community.
At the moment, there may be one reside recreation on the platform referred to as Townstar. So, Townstar has its personal Sport Node Community. Therefore, folks should purchase a Townstar Node as effectively.
The final ask value of a Townstar Node was 46,085 GALA Tokens (the native token of Gala Video games ecosystem) which is roughly $15,000.
You may learn extra in regards to the Gala TownStar Nodes Right here. Additional, you may learn extra in regards to the Gala’s Node Community ecosystem right here.
2. Gala Video games
A very powerful element of the entire Gala Video games venture is the Video games that they’re constructing. Let check out them.
Townstar
Townstar is the primary P2E (Play to Earn) recreation to go reside at Gala Video games. It’s a crypto model of Fb’s hottest recreation Farmville. You might be allotted a farm with some money, and that you must construct it like a enterprise and maintain it with the out there assets. It’s a very difficult recreation.
Additional, Michael McCarthy, the co-founder, is the lead developer of this recreation. I performed Townstar for a very good few hours. Apart from the sport loading time and latency, it’s a very addictive recreation.
You may earn a local token $TOWN by finishing each day challenges. Additional, prime gamers of the day can win further prizes. Nonetheless, to earn these rewards, that you must have some GALA tokens (the native token of the Gala Video games ecosystem) and a Townstar NFT in your pockets.
You may learn extra about Townstar right here. Additional, every recreation on Gala Video games has a separate NFT Market, you may discuss with Townstar NFT Market right here.
Another video games which can be underneath growth on the platform are:
The Strolling Useless: Empires
It’s a recreation primarily based on the well-known zombie comedian collection The Strolling Useless.
Learn extra about The Strolling Useless right here.
Mirandus
It’s a recreation the place you resolve who you can be and select your quest within the epic battle towards evil.
Learn extra about Mirandus right here.
Legacy
Legacy is a recreation about rising and creating your individual enterprise by means of the ability of creativity.
Learn extra about Legacy right here.
Echoes of Empire
It’s a sci-fi thriller recreation.
Learn extra about Echoes of Empire right here.
3. Gala Retailer
The subsequent element of Gala Video games is the Gala Retailer. It’s an NFT market for in-game objects for use on the Gala Video games ecosystem.
{The marketplace} is segregated with objects that can be utilized on completely different video games.
At the moment, 4 kinds of crypto tokens can be utilized to buy these NFTs:
- GALA
- Ethereum
- BAT
- The native token of the sport (Equivalent to TOWN token can be utilized to purchase Townstar NFTs)
The very best sale made on this market was a Citadel within the Mirandus recreation, bought for roughly $3 Million. In whole, greater than 26,000 NFTs have been bought.
4. GALA Token
The subsequent element is GALA, the native token of the Gala Video games Ecosystem.
GALA is a utility token that has the next use instances:
- Governance of Gala Video games
- Rewards to the Founder Nodes
- In-game forex of Gala Video games Ecosystem:
- Rewards to the Sport Gamers
- Fee for in-games objects on Gala Retailer
Observe that GALA token holders should not have fairness rights within the Gala Video games Ecosystem. Additional, holding this token doesn’t make you entitled to any share in income or earnings of the group.
You may learn extra in regards to the GALA Token right here.
Token Economic system
| Particulars | Quantity |
| Most Provide (Supply) | 50 Billion |
| Complete Provide | 36.96 Billion |
| Circulating Provide | 7.54 Billion (15% of Most Provide) |
| Token Worth ($) | $ 0.2313 |
| Market Cap ($) | $ 1.7 Billion |
| Totally Diluted Worth ($) | $ 11.54 Billion |
| 24 Hours Buying and selling Quantity ($) | $ 686 Million |
We couldn’t discover data associated to GALA tokens’ present distribution and future emission.
Additional, primarily based on On-chain evaluation of GALA tokens, 91% of token holders maintain greater than 1% of the token provide, which implies that provide is just not very decentralized.
Subsequently, attributable to ignorance and excessive focus of tokens, tokenomics is inconclusive.
You may learn extra about GALA Tokenomics right here.
The place to purchase Gala token from?
You should purchase GALA tokens from these Centralised and Decentralised Exchanges:
Now let’s perceive the professionals and cons of the Gala Video games.
Advantages and Limitations of Gala Video games
What are the Advantages of Gala Video games?
The advantages of the Gala Video games are as follows:
- Gaming Neighborhood
A very powerful factor a recreation wants is Gamers. You may have the most effective graphics, builders, group, and traders. However in case you don’t have gamers, it won’t work.
The largest energy of Gala Video games is the group of avid gamers. With only one recreation reside, the platform has 1.3 Million energetic customers, which is fairly spectacular.
- Higher Ecosystem than Axie Infinity
The P2E pioneer Axie Infinity is only a single recreation that could be very well-liked for the time being. There’s a risk that individuals would possibly become bored with the sport. Which means that the entire ecosystem depends on one single recreation.
Nonetheless, Gala Video games is a gaming studio that’s not depending on one single recreation, and the success of every recreation would contribute to the worth of Gala Video games and thus GALA Token
The social media presence of the Gala Video games is critical.
What are the Limitations of Gala Video games?
The restrictions of the Gala Video games is as follows:
- No Whitepaper and No Roadmap
This was essentially the most stunning half for us. Virtually, we have now not seen any blockchain venture that doesn’t have any whitepaper. Along with this, the venture has no roadmap to establish when is the sport growth deliberate to be accomplished.
This makes it very troublesome for us to find out how the venture would develop and when the under-development initiatives are anticipated to be up and operating.
Even with out the whitepaper, we tried to determine the ecosystem with the assistance of accessible assets.
It was difficult for us to hitch all of the items collectively as researchers. It’s because the web site and different assets should not have environment friendly documentation important for a rising blockchain venture.
Though Townstar is a really interactive recreation, typically we discovered latency. Related points had been reported on Gala’s discord channel just a few instances.
For mass adoption of a specific recreation, it has to have a cell utility. At the moment, there isn’t any foreseeable plan to launch a cell utility by the corporate.
- Token Utility and Tokenomics
The use instances of GALA tokens are restricted and non-exclusive. For instance, the in-game tokens can both be bought within the GALA tokens or three different tokens. This reduces the utility and want of GALA tokens within the ecosystem.
Additional, there isn’t any adequate data to know GALA tokens’ present distribution and future emission.
Conclusion: Ought to You Make investments In Gala?
So, that’s all we may discover about Gala Video games and its native token, GALA.
In our opinion, the venture has many advantages and a few limitations. Nonetheless, the advantages are greater than its limitations. Finally, what a gaming venture wants is adoption by means of gamers, and that Gala Video games undoubtedly has.
Subsequently, in our understanding, the venture has a possible upside within the coming quarters when just a few different video games can be up and operating. Please notice that we already maintain a good bag of GALA tokens in our portfolio.
Assets
Digi is a seasoned content material author with over two years of expertise writing about blockchain and Cryptocurrencies. Digant’s ardour for Bitcoin and cryptocurrencies bloomed in late 2019. Crypto’s technological and financial implications are what curiosity him most.
He’s a Chartered Accountant and Lawyer with over 10 years of expertise within the FinTech trade. He likes to learn, journey and go for lengthy rides on his bullet bike.
