What is GALA crypto and why is it in the news these days? Pipa News


Gala Crypto is gaining attention today as the crypto has gained almost 2% over the past 24 hours to reach a price of US$0.07862, at the time of writing. Meanwhile, the total crypto market volume increased by 52.32% to US$81.81 billion from the previous day.



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What is Gala (Gala)?

Gala is a blockchain-based gaming platform that aims to transform the gaming industry by giving its players complete ownership and control over their in-game assets.

Its in-house token, GALA, is built on the Ethereum blockchain, which powers the Gala Games. Tokens can be used to purchase items, upgrades and other in-game assets and can be used as governance tokens.

Founded by Eric Schirmer in 2019, the gala game is not a single game; Instead, it offers a wide range of different blockchain games that prioritize entertainment and keep the blockchain in the background. Here, non-fungible tokens can be developed by gamers who can trade the same in-game or through other exchanges to earn crypto.

Read: Are you an NFT lover? Know Top 3 NFT Marketplaces

Furthermore, Gala’s platform differs from other gaming platforms as the former gives control to its players related to game development. It gives its players complete control over their in-game purchases.

Read related: Are the Gala Games different from the others? How has Gala Crypto fared?

Is Gala Safe?

The Gala platform works on Ethereum and BSC, i.e. Binance Smart Chain blockchain and is secured by its own nodes, also known as Founders nodes.

These founder’s nodes, in turn, validate in-game transactions and secure the network. In addition, these nodes can also vote regarding the release of the game on the Gala Games platform.

Also read: How Gala Games Use Blockchain And What Are Gala Price Predictions?

Where to buy GALA tokens?

The token can be purchased from several cryptocurrency exchanges such as Binance, FTX, KuCoin, Gate.io, Bitrue and Sushiswap and many more.

Gala Games’ grit will debut on the Epic Games Store

According to the latest reports, Gala Games and Epic Games have entered into a partnership to publish Grit, its blockchain game, on the latter’s Games Store. Through this, the gala hopes to bring Web3 games to the masses, thus introducing gamers around the world to a new genre of entertainment, and cementing its position as a leader in the Web3 games industry. Is.

gala token

Currently, Gala Crypto 79. is on the rankth Worldwide in terms of market capitalization. There are approximately 6.98 billion GALA tokens in circulation, while the total supply is 35.24 billion coins.

ground level

Investors who wish to invest in the volatile and risky world of cryptos should do a thorough study of the desired cryptocurrency and invest according to their risk appetite.

Risk Disclosure: Trading in cryptocurrencies involves high risks, including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. The prices of cryptocurrencies are extremely volatile and can be influenced by external factors such as financial, regulatory or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies, you should be fully informed of the risks and costs associated with trading in the financial markets, carefully considering your investment objectives, level of experience and risk appetite. and, where necessary, seek professional advice. Kalkine Media cannot represent or guarantee that any information/data provided herein is accurate, reliable, current, complete or appropriate to your needs. Kalkine Media will not accept liability for any loss or damage resulting from your reliance on your business or the information shared on this website.

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