Gala price prediction

Gala is a blockchain gaming project that aims to change the gaming industry by returning the control over their gaming experience back to the players. The project set a goal to create the games people really want to play on blockchain but in the way that its architecture stays invisible and even beginners can easily start playing them. Moreover, the players own all the in-game assets and items as NFTs, so it changes the situation when the players spend thousands of dollars on paying for games, buying the skins and objects and still can lose everything in a split second due to the bugs in technology or connection errors. 

The development process in Gala is ongoing and the team regularly tests their work on the community and pays attention to the proposals from the users and players. The project implements the Founder’s Nodes voting mechanism that allows the community to choose which projects to develop and how to use the funding. 

The Gala Games project was launched in July 2019 by Eric Schiermeyer, who before was working on Zynga — a popular social and mobile games company. As of 2022, there are around 100 employees in the company. Eric Schiermeyer considers the project the future of the internet. 

Gala games are not a single game, but more of a set of games united by the same idea. The first game ever delivered by the company is Town Star — a browser town simulation similar to SimCity, but with a key difference. In Town Star the players that manage the town actually own it.  

The company also launched an NFT collection called VOX — a set of unique collectible avatars. Some of them are rarer than others. At the initial drop, 8,888 items were distributed with an average price of 0.088 ETH. The users who got VOX avatars also receive their own FXB file that allows them to animate the avatars and even 3D print them in the future. 

There are other games in development. For example, Fortified is a player-versus-player town defense game with medieval gameplay, where players compete to build the best town defense. Another game is a fantasy RPG Mirandus, where the in-game world is ruled by five-player monarchs. The company also works on the Echoes of Empire strategy game where the players fly around on their NFT spaceships and fight for ruling the Galaxy.  

At the time of writing, there are over 1.3 million active monthly users and over 26K NFTs sold with the most expensive of them priced at over 3 million. 

The users run Gala Nodes that support the Gala Network to receive the Gala tokes and NFTs as rewards. Unlike other projects, the Gala network utilizes a triple consensus mechanism consisting of proof-of-work, proof-of-stake, and proof-of-storage algorithms. 

GALA is a native utility token of the project, represented as ERC-2 and BEP-20 tokens It has a maximum supply of 35 billion tokens with only around 7 billion currently circulating. It began trading in September 2020. The Gala token is used to purchase in-game items and also can be earned through running a node.