Gala Games was founded in 2018 by industry veterans Eric Schiermeyer, Wright Thurston and Michael McCarthy to revolutionize online gaming by decentralizing the gaming experience . Their platform allows players to take ownership of their in-game items through the use of non-fungible tokens (NFTs) . These NFTs can be collected, traded and sold within the Gala Games ecosystem which works on the Ethereum blockchain . You might be wondering is Gala crypto a good investment? Let’s explore the details .
Contents
The Role of GALA Tokens and Founder’s Nodes
GALA tokens function as the native cryptocurrency within the Gala Games ecosystem . Users can get GALA tokens and participate in the platform’s governance by buying nodes in GALA, Ether (ETH) or Basic Attention Token (BAT) . Node owners have voting rights on which games will be published next which will give players a say in shaping the platform . Gala Games boasts over 16,000 player-run nodes and creates a decentralized network .
Gaming and NFT Offerings on the Gala Games Platform
Gala Games offers a variety of games and NFT collectibles within its ecosystem . The platform’s latest addition Spider Tanks claims to be the first blockchain-based esports game . Gala Games also features the VOX NFT collectible series . The company has attracted industry talent such as Mark Skaggs the former vice-president of Electronic Arts who joined Gala Games as the senior vice-president of games .
GALA Token Price History and Predictions
The GALA token has gone through price fluctuations since its beginning . After its listing on major crypto exchanges like Binance and Bibox the token saw a significant rise in September 2021 and reached a price of $0 .113 . However the price remained relatively stagnant in October and mid-November 2021 . Positive announcements such as the release of Game Node licenses and new VOX NFT series led to price spikes with the token reaching an all-time high of $0 .71 in November 2021 .
Despite the general hype around play-to-earn platforms and NFT trading the GALA token’s value experienced a downward trend and reached $0 .18 in January 2022 . Various factors like market dynamics and geopolitical events influenced the token’s volatility .
Different price predictions have been made for the GALA token with forecasts ranging from bullish to bearish . It’s important to note that cryptocurrency markets are highly volatile and accurate long-term predictions can be challenging . Factors such as market trends, news and expert analysis should be taken into consideration when evaluating potential investments .
Conclusion: Considerations for GALA Token Investors
Investing in cryptocurrencies including the GALA token requires thorough research and analysis . While GALA Games aims to decentralize gaming and offer unique opportunities the market remains highly volatile . Investors should carefully consider their risk tolerance, conduct due diligence and stay informed about market trends and developments . Past performance is not indicative of future results and caution should always be exercised when investing in cryptocurrency .
