October 9th, 2024
Gala Crypto News
Gala Games is committed to providing community members with a new level of gaming engagement, with guaranteed asset ownership and a heightened sense of belonging. Stay up to date with the latest Gala Games news to discover how the blockchain is transforming the gaming industry through decentralization and follow the most recent Gala network developments as the platform evolves.
WazirX Shares Crucial Hack Update, Eyes Complete Restoration of User Balances
By Godfrey Benjamin
August 13th, 2024
Since the hack happened, the exchange has carried out several processes to restore its users’ funds and prevent a recurrence.
India’s BWA Moves to Prevent Future WazirX Mishaps
By Godfrey Benjamin
July 31st, 2024
WazirX already launched two bounty programs. One involves a $10,000 prize money in Tether for information that leads to freezing the stolen funds. The second is a “white hat recovery” bounty of 10% of the recovered fund.
Indian Crypto Exchange WazirX Falls Victim to $235M Hack
By Leon Okwatch
July 18th, 2024
Cyvers had detected the suspicious transactions and attempted to contact WazirX 30 minutes prior to their public announcement, but received no reply.
Gala Games Partners with Animoca Brands to Boost Token, GALA Tanks 5%
By Anisha Pandey
July 3rd, 2024
Animoca confirmed that it would work towards maintaining the liquidity of the GALA token and ensuring stable trading of the cryptocurrency.
Gala Games Exploited for 5B $GALA Tokens Worth Over $214 Million
By Steve Muchoki
May 21st, 2024
The Gala Games hacker quickly liquidated over $21 million worth of $GALA tokens to Ether resulting in notable panic selling.
Altcoins That Can Lead the Next Altcoin Rally – AVAX, GALA and KANG
By Svetlana Soroka
May 10th, 2024
Avalanche (AVAX) has recently put into the spotlight Stripe’s ability to give over 2 million retail customers a way through which they can access apps built on top of its network.
How Meme King BEFE Will Outpace SUI and GALA This Bull Run?
By Kseniia Klichova
March 5th, 2024
This article explores the potential of BEFE to outperform altcoin players like SUI (Sui Network) and GALA (Gala Games) in the current bull run.
GTA VI Trailer Unveils New Female Protagonist and Sparks Crypto Surge
By Bhushan Akolkar
December 5th, 2023
An unexpected release forced Rockstar Games to publish its GTA VI trailer a day earlier. Gaming tokens in the crypto space celebrated the development.
Gala Games Co-founders Engage in Legal Battle over $130M Theft Issue
By Bhushan Akolkar
September 4th, 2023
In the lawsuit, Schiermeyer accused co-founder Thurston of moving GALA tokens from wallet under Gala Games’ control to 43 different wallets.
The Next Wave of Crypto Innovation: 3 Game-Changing Coins to Hold – HedgeUp (HDUP), Polygon (MATIC), and Gala Games (GALA)
By Kseniia Klichova
March 8th, 2023
With cryptocurrencies like HedgeUp ($HDUP), Polygon ($MATIC), and Gala Games ($GALA), users are able to explore the full potential of decentralized finance (DeFi).
Gala Games is a gaming platform powered by blockchain technology. The project aims to transform the global gaming industry by letting players have more control of in-game assets and truly own the items. Gala Games uses blockchain to differentiate itself from traditional gaming platforms where players only own in-game assets within the gaming ecosystem.
The Gala Games platform wants users to contribute to building an ecosystem in which players can participate so that they gradually mold the future of gaming. With in-game assets represented as non-fungible tokens (NFTs), players can easily trade, sell, or rent them within the game or outside the ecosystem. This decentralized approach to gaming is gaining substantial traction, and millions of gamers around the world are now joining the ecosystem to take advantage of this feature.
Gala Games offers its native cryptocurrency GALA $0.02 24h volatility: 2.8% Market cap: $801.93 M Vol. 24h: $105.01 M , which is an essential part of the ecosystem, facilitating transactions and powering decentralized governance. The tokens are also used to support network operations, reward node operators maintaining the network, and purchase in-game items. Furthermore, the network is working on expanding its lineup of games, creating a more immersive experience for users and attracting a teeming community of gamers and creators alike. Gala is committed to decentralization, true ownership, and player empowerment, which has helped to forge partnerships and new features that solidify its reputation as a pioneer in decentralized gaming.
Read the Gala Games (GALA) guide to find out how the ecosystem is gradually revolutionizing the gaming industry.
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FAQ on Gala Crypto News
What is Gala Games?
Gala Games is a blockchain-based platform for gaming that puts power in the hands of the average user by letting them own, rent, sell, or buy in-game assets as non-fungible tokens (NFTs). The platform hosts several decentralized games that use the play-to-earn (P2E) model, where gamers can earn by playing.
Wha is the owner of Gala Games?
Gala Games was co-founded by Eric Schiermeyer, Wright Thurston, and Michael McCarthy. Schiermeyer also co-founded Zynga, a popular game developer known for titles like Words With Friends.
Is Gala Games free-to-play?
Many games on the Gala Games platform are free-to-play, ensuring widespread accessibility and lowering the P2E entry barrier.
What is the GALA token used for?
GALA is the native token of Gala Games. It is used to buy assets and NFTs, reward node operators, and participate in governance decisions.
