GALA Jumps 120% as Gala Games Drops a Flurry of Exciting Announcements
From a mobile game studio acquisition to film partnerships with The Rock and Mark Wahlberg, Gala is set to unleash a whole new Web3 gaming and entertainment landscape in 2023.
Here's what's happened to Gala Games
It all began on January 5th when Benefactor, a spokesperson for Gala Games, announced in a series of Discord posts that the company had acquired a mobile game studio with over 20 million users. Coupled with the fact that GALA will become the gas token of Gyri - Gala's native chain - the news was taken with immense positivity from investors and the community abroad.
While the name of the newly acquired studio is yet to be disclosed, Gala has shared a few stats about this company. Accordingly, this studio has garnered over 20 million users, with total revenue exceeding $100 million. They have already launched multiple games on App Store, with 15 of them ready to be converted to the Gyri blockchain.
"We are now in the middle of evaluating 15 mobile games that we own. We have two high priority targets and have already moved people onto the task of bringing these games onto our blockchain!" wrote Benefactor in a Gala Games Discord post.
He added: "Spidertanks and Townstar are definitely helping us plan their tokenomics and NFT integration. But I can share that we are planning on giving all the existing users replacements to their current non-transferable assets on Gyri. Making them all newly minted owners of digital assets on our blockchain. Should hopefully be a nice influx of new users onto our blockchain. Which should also mean our gas($gala) usage goes up."
But that's not all. Today, the team just dropped another big announcement about Gala Film, a decentralized movie platform by Gala. According to Benefactor, the company is developing two films with none other than The Rock (a.k.a Dwayne Johnson) and Mark Wahlberg, two of the biggest action stars!
"You've seen their work on screen, but I think their presence might be even more powerful off screen, and we are so happy to get the chance to work with them. The exciting thing for the ecosystem though is this is yet another huge opportunity to bring in an extremely large number of users onto our blockchain," said Benefactor.
"All this is to say that Gala Film is going to use $GALA as its own gas token because Gala Film will be on our blockchain! The millions of fans interested in The Rock or Mark Wahlberg or Ghosts of Ruin or David Bianchi's Rzr…all will be collecting digital items. These items will be needing gas, and that gas is $GALA."
GALA is the native token of Gala Games, which can be used for in-game purchases and as a medium of exchange between users interacting in the ecosystem. As GALA will be the gas token for Gyri, the team plans to burn 50% of the gas, with the remainder to be reminted and issued to founder nodes and project partners. The more projects onboard to Gyri, the more likely GALA will be used as gas. With the mobile game strategy and star-studded partnerships, it looks like the blockchain gaming platform is off to a great start in 2023.