GALA coin price prediction after Binance listing?
Gala Games, a blockchain gaming developer that allows gamers to use their unique non-fungible token (NFT) characters in gameplay, has taken off. At the time of writing (18 November) the last week has seen its coin's price shoot up by 300%.
In the volatile world of cryptocurrencies it is not always easy to see what triggers this sort of rush of blood. It could be that the fast-growing industry of combining decentralised games, non-fungible tokens (NFT), and the metaverse is gaining some traction among investors. But the actual trigger may have been Gala's introduction of Town Stars nodes to the platform as a step towards putting "power, the responsibility and the rewards into the players’ hands."
Gala has 20,000 so-called Founders' Nodes but is now looking to broaden the node ownership into the gaming players giving them a voice in how the games and the platform are run. Town Star is its decentralised, free, play-to-earn 'town and farming' game launched recently on the Gala Network. Players invest in their plot of land including buying NFTs to make money and upgrade their town using the profits. To be sold in a "limited supply", the Town Star Node Licenses "supercharge" that growth and allow users to earn rewards by sharing some of the Town Star workload.
A Founders Node vote to potentially approve the plan is expected today (18 November).
Gala was launched in 2019 by Eric Schiermeyer with the goal of redefining the world of gaming. "We are truly building the largest decentralised gaming platform in the world. Decentralisation means putting the power, the responsibility and the rewards into the players’ hands" says the company. The platform aims to build an ecosystem of blockchain games powered by a large and independent blockchain node network.
The information provided on this channel does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. googleasy does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.