GALA

Gala In-depth Report Generated by AI - For further details, please review:

https://alpha.sosovalue.xyz/trade/GALA-USDT-BINANCE

1)What is gala（GALA）?

Gala (GALA) is a digital utility token associated with the blockchain-based gaming platform Gala Games. Here's a detailed overview based on the latest information available:

• General Description: Gala is a native token of the Gala Games ecosystem, a platform focused on the metaverse and blockchain gaming. Gala Games itself is one of the largest gaming-focused crypto projects. It offers various games on its platform, and the tokens serve as the primary medium of exchange between users. In-game items are represented as non-fungible tokens (NFTs) on the Ethereum blockchain, which users can trade on marketplaces like OpenSea.
• Recent Developments and Token Upgrade: Gala Games has announced the release of $GALA (v2), an updated version of the token that aims to enhance security, scalability, and overall sustainability of the ecosystem. The version 2 tokens were airdropped to users on May 15, 2023, on a 1:1 basis to holders of the version 1 tokens, which were not intended to hold any value following the issuance of v2 tokens. This upgrade is part of a broader enhancement to Gala's smart contracts on the Ethereum blockchain, introducing mechanisms like token burning, potentially increasing the token's value.
• Market Position and Price Data: As of the latest data, GALA had a live market cap of $660.8 million, ranking #91 on CoinMarketCap. The circulating supply of GALA was approximately 25.93 billion tokens, with a trading volume of about $131.7 million. The price of GALA was around $0.025, with a 24-hour price change of 8.83% and a 7-day change of 8.47%.
• Ecosystem Expansion and Future Plans: Gala Games is expanding its ecosystem to include mobile gaming, enabling developers to create games for Android and iOS, thus broadening its market reach. Additionally, the network has introduced a pay-by-burn mechanism, where every purchase in the Gala ecosystem using the GALA token will see the token burned and re-emitted through the Founders Nodes. They are also working on the Meow Match, an upgrade that will feature Cat NFTs, converting in-game cats to claimable NFTs.
• Community Engagement and Token Burn: The Gala community has been actively involved in token management, having burned around $637 million of its native tokens to balance the price. This activity is part of a strategy to reduce the overall token supply, potentially leading to price increases as demand increases and supply reduces.

In summary, Gala (GALA) is a multifaceted token deeply integrated into the Gala Games ecosystem, with significant developments in security, scalability, and functionality. The expansion into mobile gaming and the introduction of new token mechanics demonstrate an active and evolving platform.

2)Which sector does gala（GALA） belong to?

Gala (GALA) belongs to the blockchain gaming industry. This sector has experienced significant growth and development, particularly evident from the rapid rise in its popularity and market value.

• Industry Overview: The blockchain gaming industry saw a massive surge in growth in 2021. Gala Games emerged as a top performer in this sector, which is essentially a decentralized equivalent of traditional gaming platforms like Steam but based on blockchain technology. This sector garnered 49% of the entire blockchain industry’s usage, with more than 1.4 million unique active wallets connecting daily to blockchain games, making it the most used sector ahead of DeFi (Decentralized Finance).
• Gala Games’ Unique Approach: Gala Games, the platform behind GALA, has taken a distinctive approach from its inception. Its mission focuses on empowering users by building a truly decentralized network of blockchain games. This involves allowing community members to own nodes and have more significant ownership through NFTs and on-chain governance. Gala Games, which initially operated on the Ethereum blockchain, migrated to the Binance Smart Chain to reduce gas fees and announced plans to develop its own blockchain, Project GYRI, to meet its specific needs and enhance scalability and efficiency.
• Current Situation of the Blockchain Gaming Sector: The blockchain gaming market was valued at $4.83 billion in 2022. Experts predict a significant compound annual growth rate (CAGR) of 68.3% from 2023 to 2030. This explosive growth is attributed to factors such as heightened security, transparency, and the inherent decentralization of blockchain technology.
• Investments and Future Prospects: The sector is already attracting substantial investments and is likely to draw more in the future. For example, Animoca Brands, a prominent blockchain game developer, raised $110 million in September 2022, emphasizing intellectual property acquisition, metaverse expansion, and product development. These investments indicate a trend towards further mainstream adoption and expansion of blockchain gaming.

In summary, Gala (GALA) is a part of the rapidly growing and evolving blockchain gaming industry. This sector is distinguished by its decentralized nature, user empowerment, and significant market growth. With substantial investments and strategic developments like Gala Games' own blockchain initiative, the future of this sector appears promising with continued expansion and innovation.

3)What is tokenomics of gala（GALA） (includes allocation and supply schedule)?

The tokenomics of the Gala (GALA) token, used within the Gala Games ecosystem, are structured as follows:

• Fair Launch and Allocation: GALA was launched as a fair launch token, meaning there was no pre-mint or initial token allocation. Instead, the tokens were earned through node operation. All of the GALA tokens are allocated to Founder's Nodes within the Gala Games ecosystem.
• Supply and Distribution: The GALA token has a total fixed maximum supply of 50 billion units. As of the latest information, approximately 7 billion GALA tokens are in circulation, accounting for about 14% of the total supply. Every day, 17,123,286 GALA tokens are distributed, with half going to the founder's node operators and the other half to the Gala Games conservatorship.
• Halving Schedule: GALA's emission schedule includes a halving cycle, similar to Bitcoin and other cryptocurrencies. The emission rate is halved each year on July 21. For example, on July 21, 2022, the emission rate was scheduled to drop to 8,561,643 GALA per day.
• Utility and Integration: The GALA token is used to power the in-game economy across various games available in the ecosystem. It also incentivizes node operators for their support and facilitation of the network. Players can utilize the token for in-game purchases or for peer-to-peer trading. Additionally, GALA is being integrated into more games within the ecosystem, and it has been mentioned that GALA will replace TOWN rewards in the game "Town Star," with TOWN holders being given an opportunity to convert their tokens.

This structure outlines a tokenomics system that combines fair distribution, controlled supply inflation, and practical utility within the gaming ecosystem, contributing to the functionality and sustainability of the Gala Games platform.

4)What about the team and the investors of gala（GALA）?

The team behind Gala Games comprises several key individuals with extensive experience in the gaming and blockchain industries:

• Eric Schiermeyer: As the CEO of Gala Games, Eric Schiermeyer is a pivotal figure in the company. He co-founded Zynga, a leading publisher of mobile games, and has been a notable innovator and entrepreneur in the gaming industry. His vision for Gala Games centers on empowering players through ownership and blockchain technology.
• John Osvald: Joining as the President of Games, John Osvald is a veteran of the gaming industry with over 15 years of experience. He has contributed to the design of some of Zynga’s most successful early games. Osvald also co-founded Shiver Entertainment and Carnivore Studios and worked as Head of Products for Electronic Arts' Mobile Division before joining Gala Games.
• Michael McCarthy: As the Creative Director behind Farmville 2 at Zynga, Michael McCarthy brought significant experience to Gala Games. His role in creating the first playable Gala Games title leverages his two decades of visionary work in video game design and creation.
• T. Elliot Cannon: With a rich history in mainstream gaming, including working on titles like Unreal, Crysis, Killing Floor, and Doom, T. Elliot Cannon brings a wealth of experience to his role as Town Star Director at Gala Games.
• Jayne Peressini: Serving as the VP of Growth, Jayne Peressini has a strong background in mobile marketing and company growth within the video game industry. She was previously a Senior Director of Mobile Marketing and Growth at Electronic Arts (EA).
• Craig Matchett: A skilled 3D artist, Matchett spent eight years as a senior character artist for EA, contributing to games like Dead Space and Battlefield Hardline. His expertise in character art helps distinguish Gala Games' creations.
• Lucas Feld: Joining as an Environmental Engineer, Feld has worked on notable titles like Star Wars: Knights of the Old Republic and The Outer Worlds. His specialty in visual detail is a key asset for Gala Games.
• Warren Marshall: As the Art Director, Warren Marshall's 20-year experience with AAA games, including working for Epic Games on Fortnight, adds substantial value to the Gala Games team.
• Concept Art House: This concept art studio, known for its work on games like World of Warcraft and Clash of Clans, has partnered with Gala Games. Through investment, Gala Games secured an exclusive team of dedicated artists from Concept Art House.

Regarding its funding history, Gala Games has raised a total of $5 million over two funding rounds. The latest funding was a Series A round completed on February 4, 2021. In addition, the company announced a $100 million blockchain fund in partnership with C2 Ventures to invest in game developers interested in blockchain technology, including NFTs and play-to-earn games.

5)What is the development history of gala（GALA）?

List all important events and milestones in the development process of gala（GALA） . I was able to find some significant events and milestones in the development of Gala Games, although the information is not exhaustive. Here's a chronological summary of key developments:

• September 2020: Launch of the GALA token, distributed as rewards to early adopters of Gala Games Nodes.
• December 2020: Partnership with Brave browser announced, integrating Basic Attention Tokens (BAT) in Mirandus, a Gala Games title.
• December 2020: Polyient Capital added GALA to the decentralized Polyient DEX.
• March 2021: Partnerships and sponsorships with Mazer Gaming, PAC Global, Wasder, and Polygon.
• April 2021: Investment in Concept Art House for end-to-end NFT solutions and partnership with South Korean Media Protocols.
• August 2021: Integration of GALA with the Binance Smart Chain.
• December 2021: Partnership with C2 Ventures for a $100 million fund to invest in blockchain gaming projects.
• Throughout 2021 and 2022: Onboarding of more games and studios, with over 26 games in development. Inclusion of Snoop Dogg in the new Gala music platform.
• February 2022: Announcement of Project GYRI, Gala Games’ own blockchain.

Please note that while this list provides key milestones, it may not cover every significant event in the history of Gala Games. The information is based on the available sources and might be subject to updates or revisions as the project continues to evolve.

6)What is the progress and future roadmap of gala（GALA） ?

I was able to gather some significant milestones and events in the development of Gala Games, as well as insights into its future roadmap. However, please note that the timeline may not be exhaustive and is based on the available information. Here's a summary:

Significant Events and Milestones:

• September 2020: Launch of the GALA token, distributed as rewards to early adopters of Gala Games Nodes.
• December 2020: Partnership with Brave browser, integrating Basic Attention Tokens (BAT) in Mirandus.
• 2020 - 2021: Various partnerships including Polyient DEX, Mazer Gaming, PAC Global, Wasder, Polygon, Concept Art House, and South Korean media.
• August 2021: Integration of GALA with Binance Smart Chain.
• December 2021: Partnership with C2 Ventures for a $100 million fund.
• 2021 - 2022: Onboarding of more games and studios; over 26 games in development. Snoop Dogg joins Gala music platform.
• February 2022: Announcement of Project GYRI, Gala Games’ own blockchain.

Future Roadmap (2023 and Beyond):

• Focus on Mobile Games: Acquisition of Ember Entertainment and plans to integrate web3 into existing mobile games like Meow Match and Dragon Strike.
• Tokenomics and GALA Token: GALA to be the primary currency in various games and ecosystems, with initiatives like GALA to GEMS conversion.
• Gala Games Blockchain (GYRI): Onboarding games like Town Star, Champions Arena, and Meow Match onto the Gala blockchain.
• Other Initiatives: Expansion into Gala Music and Gala Film, and the upcoming release of VoxVerse.

Please note that this information is subject to change as the project evolves. For the most current updates and a more comprehensive timeline, you may want to check Gala Games' official communications and community channels.

7)List all important links related to gala（GALA）

Here are some important links related to Gala (GALA):

MarketBeat - Gala Price Prediction, News, and Analysis:

https://www.marketbeat.com/

CoinGecko - GALA Live Price Chart & News:

https://www.coingecko.com/

CoinDesk - GALA Price Index and Live Chart:

https://www.coindesk.com/

CoinMarketCap - What Is Gala Games (GALA)?:

https://coinmarketcap.com/alexandria/article/what-is-gala-games-gala-features-tokenomics-and-price-prediction

Official Website - Gala Games:

https://app.gala.games/

These links provide a comprehensive overview of GALA, from financial data and market analysis to detailed insights into the token's use within the Gala Games ecosystem.

8)Bullishness index for this token from the perspective of token valuation and future potential from Chatgpt 4

Creating a "bullishness index" for a cryptocurrency like Gala (GALA) would involve analyzing various factors such as market trends, historical performance, technological developments, community engagement, and overall market conditions. However, as an AI, I'm not able to provide real-time market analysis or predictions. Additionally, such an index would be speculative and should not be considered financial advice.

For an accurate and current perspective on GALA's valuation and future potential, it's recommended to consult multiple sources including market analysis, expert commentary, and the latest news related to Gala Games and the broader crypto market. Always remember that cryptocurrency investments can be highly volatile and it's important to conduct thorough research and consider seeking advice from financial professionals.