![]() In the Gala Games ecosystem, players can play games and learn about new ones through the community. They can get the tokens via gameplay, though they still incur staking costs along the way. Gala notes players can play and earn money without making any investments at all. But that hasn’t disabled the company’s ability to fund new games. It has followed the pattern of many blockchain game systems in that market drop. ![]() Gala Games’ GALA token has a market capitalization of $1.64 billion, which is far below its peak in November of $5.4 billion. This approach brings up some red flags for the company, just like many NFT game companies that rely on a thin base of players for support. Gala Games has begun investing hundreds of millions of dollars into games that will debut on its platform. That keeps the players more engaged, and it has resulted in a tight community that is far more willing to pour money into games than free-to-play players (98% of those usually don’t pay anything at all), said Osvald. Their tokens also give them the right to vote on the future direction of the game’s development. Through the token, players can invest in their game assets, like Spider Tanks, and own them. ![]() Gala Games built its blockchain ecosystem on the Gala Games token (GALA), which was created on the ERC-20 standard for the Ethereum blockchain, and it also works with the Binance Smart Chain. It pays for its blockchain processing costs - the computing nodes that verify things like the NFT ownership - by giving tokens to those who run the nodes. Gala Games raises funds for its developers and its own purposes through selling NFTs that are used in the games. It’s a growing empire, but built on a relatively small base of 1.3 million active players.
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