GALA is used to buy items, upgrades, and other in-game assets, and it is also used as the governance token .
Read moreWhat is Gala token used for?
Gala Games (GALA) is a blockchain-based, play-to-earn gaming platform that enables users to earn its GALA token for achieving in-game milestones . They can also create and trade non-fungible tokens (NFTs) in the game or non-game-based exchanges.
Read moreIs Gala on the Ethereum network?
GALA is an Ethereum token that powers Gala Games, a platform for blockchain gaming. GALA is used as the medium of exchange between Gala Games participants. For example, it can be used to pay for in-game items.
Read moreWho is behind Gala coin?
What is GALA coin? Gala Games was founded in 2018 by Eric Schiermeyer (co-founder of game developer Zynga), Wright Thurston (crypto miner) and Michael McCarthy (creative director behind viral gaming like Farmville) with one goal in mind: to give power back to the gamers.
Read moreIs Gala An ERC 20 token?
The protocols that make NFTs and GALA possible fall under the categories of ERC20, ERC721, and ERC1155.. The tokens listed represent items, help conduct trade, and provide other useful utilities within the Gala Games ecosystem .
Read moreWhat blockchain does gala use?
Gala Games plans to launch its own blockchain The GALA platform currently runs on Ethereum , which has had issues in the past with high transaction fees and network congestion.
Read moreIs Gala proof of work?
The Gala Games network is secured through a triple-proof node system. Through proof of work, proof of stake, and proof of storage, the Gala ecosystem is powered and secured . Aside from the games, the NFTs and the GALA token are secured as it is built on the Ethereum blockchain.
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