moonstats.com
In a recent official announcement, Gala Games announced its intention to transition unsold and reserve nonfungible token (NFT) game items from the Ethereum network to their recently developed proprietary blockchain called GalaChain. Notably, this adaptation promises to enable gamers to interact with their NFTs without having to pay Ethereum’s gas fees. Moreover, this change is expected to boost the platform’s web3 features and capabilities.
Gala Games is set to introduce multiple new NFT Mystery Boxes to complement the transition. All these boxes will integrate game items that are no longer available on offer in the Gala Game Store. The box is well-designed to feature three randomly chosen game items from different titles that are active within the Gala Games Ecosystem.
The items found in these boxes will work as tokens for transactions on GalaChain platform. Interestingly, operations on GalaChain, including transfers, can currently be executed without incurring any gas fees. This is a major benefit since the creation and distribution of these NFT Mystery Boxes would have been considerably more expensive in terms of gas in case they were executed on the Ethereum Network.
I know there have been lots of people wanting to know what events are coming up for the @GoGalaGames ecosystem!
Here is a streaming calendar!
We will be keeping this updated! https://t.co/IQN0NRZra4
— Jason Brink aka BitBender (@BitBenderBrink) August 7, 2023
Gala Games’ President of Blockchain, Jason “BitBender” Brink, commented on this transition. He said:
“Bringing NFTs from our games onto our own layer 1 blockchain is a significant move. GalaChain is envisioned to facilitate game items to be utilized without the constant concerns regarding bridges and gas.”
Considering GalaChain’s capabilities, Gala Games has already released 30204 Mystery Boxes with different price tags.
Gala Games
Launched as a prominent figure in web3 entertainment, Gala Games aims at delivering AAA game experiences, including Spider Tanks. These experiences insist on the essence of player ownership. The firm’s foundation lies in its massive decentralized game nodes, all of which are operated by gamers. With many game releases in the past year and several more almost in their final development stages, Gala Games is making lots of strides in the gaming world.
Earlier, in May 2023, Gala Games decided to burn nearly 21 billion GALA tokens. The worth of these tokens was around $637 million at the time. That action was taken after the completion of its V2 token airdrop. Such a move by Gala Games Games was believed to be an attempt to ease fears about a possible rapid sell-off event. As seen in their 2023 Vision Paper, Gala Games has already initiated the process of burning their native token, $GALA. This step seems to have come as a response to feedback given by the community.
Gems initiative has its focus on supporting mobile growth and majorly reinforcing the entire node ecosystem. Gala Games has already committed to burning up to 2 billion $GALA over the year. While tracking that commitment was not practical under their v1 contract, the launch of v2 has made it easily achievable.