After a four-day losing streak, the Axie infinity price is down 30%, as the once-hot play-to earn Cryptos turn lukewarm....
A to Z
Gala
What is Gala coin?
GALA is a crypto built on Ethereum that runs Gala Games. The platform’s main aim is revolutionizing the gaming industry by helping players have control over the games they play.
Gala Games uses non-fungible tokens (NFTs) to ensure that the players own the items they pay for or earn. NFTs have particular identifying data retained in a fixed contract, making each NFT unique, which explains the term non-fungible.
Presently, players spend hours on games, which can be taken from them instantly.
GALA was created in 2019 by Eric Schiermeyer, a co-founder of Zynga, which created Farmville and Mafia Wars, among popular games.
The maximum supply of GALA tokens is 35 billion GALA, and presently, there are 7 billion GALA in circulation.
Is GALA a Good Investment?
The trend toward blockchain gaming is set to keep growing as the industry expands. The growing number of Gala users indicates that users enjoy the product. As the gaming industry keeps growing, Gala will most likely grow along with it. GALA is ranked as top 60 cryptos by market capitalisation.
However, investors must note that the company faces stiff competition from other established studios and newcomers in the highly competitive gaming industry.
How to buy GALA
GALA is one of the major cryptocurrencies, therefore, its listed on most major exchanges. Users need to find one that works for them and open an account. Once verified, they can trade GALA.
