Metaverse chain game “Steam” platform-GALA super potential analysis

        Today we are going to talk about a sector leader, which is Gala, the leader of the Ethereum gaming platform. We must pay attention to all the leaders of the Ethereum ecology, whether it is Defi, staking, or chain games, these are already in the bull market. You must pay attention to the track that has been verified. Gala was also very popular in the last bull market, with a market value of up to 6 billion US dollars. But now its market value is only 150 million US dollars, and it is currently ranked around 160+. It will still be in the next bull market. Can it reach this height? Let’s explore together today what this Steam platform, known as the Metaverse chain game section, is like.
 
        Gala is a gaming and NFT platform that aims to build an ecosystem dedicated to blockchain gaming. GALA is the functional token of the platform, which can be used to reward network node operators, participate in network governance, obtain GALA tokens by playing various platform games, and purchase in-game items and NFTs in the Gala store.
        GALA Games was founded in 2019. At that time, it was positioned as a blockchain version of the game platform. Through its own research and development and cooperation, the GALA Games platform provides players with a variety of blockchain games.
Introduction to Gala Games
 
        Gala games was founded by Eric Schiermeyer, co-founder of the well-known social game Zynga (founded in 2007, a company specializing in social games, and acquired by RocketStar for US$12.7 billion in 2022), encryption miner Wright Thurston and senior game practitioner Michael McCarthy. Aims to be Steam in the blockchain field. Gala Games has also independently developed a blockchain network, and users can purchase operating licenses for Gala nodes and receive rewards based on their contributions to the platform network.
 
        The Gala Games gaming platform is able to leverage cryptocurrency and blockchain smart contract capabilities, allowing developers to design blockchain games while allowing players to own and transfer NFTs, the loot obtained in the game, and conduct secure purchases, sales and transactions through peer-to-peer markets. . The first game released by Gala Games is Town Star, a farming business simulation game in which players can grow crops, collect resources, and build factories on their own land to continuously improve their economic level. It has been widely praised by players in the industry. In addition, the platform also has the RPG game Mirandus, the PVP tower defense game Fortified, etc., providing more choices for different players.
 
node
 
The decentralized node network is the foundation of Gala Games. Through Gala Games’ founding node, users can vote to decide which games Gala Games will launch. For individual games, Gala Games also sets up game nodes, such as Town Star, to reduce the pressure on Gala Games servers.
 
Gala Games has a constant upper limit of 50,000 founding nodes. According to official data, there are currently more than 16,000 founding nodes run by players, jointly supporting the ecological development of Gala Games.
 
In this regard, we can understand it as Gala Games, as a subject, decentralizes the entire game network by decentralizing nodes. The main body Gala Games is responsible for providing operations, curation, marketing and maintenance services for the entire decentralized network. These services cover Gala Games Network, node software updates, maintenance and development, etc., and ultimately work with the community to promote the development of Gala Games Network .
 
        According to the official explanation, the Gala Games node network ecology consists of five parts, namely the Gala Games main body, the NFT in the game, the random allocation algorithm, the public database and the nodes.
Founding Nodes and NFTs
 
The benefits of becoming a founding node of Gala are mainly reflected in two aspects:
 
1. Founding nodes can vote to decide the games to be launched on the platform;
 
2. The founding node obtains the operating income of Gala Games and the game (Town Star);
 
In addition, according to the random distribution algorithm, the NFT of the new game will also be airdropped to the founding node. NFTs in the new game are provided by game studios and traded on Gala Games’ store.
 
In addition to voting, although becoming a Gala founding node requires providing computers and other equipment, as mentioned above, the specific contributions required to become a Gala node are not clear, and no specific information has been disclosed to the outside world.
 
Perhaps when more games are launched in the future, the Gala founding node will be able to reflect more of its functions.
 
At present, the project party has already reaped a lot of rewards just by selling nodes. Currently, a gala sells for 4.3 million yuan, which is equivalent to 86,600 U.S. dollars each when converted into U.S. dollars. 50,000 units is equivalent to 40 billion U.S. dollars. Of course, early nodes should not be so expensive.
team
        Gala games are led by Eric Schiermeyer (co-founder of Zynga and gaming legend/silicon valley legend), Wright Thurston (one of the first major miners in the cryptocurrency space and holds multiple patents on blockchain technology) and Michael McCarthy ( Founded by the creative director behind viral game hits such as Farmville 2). Most of the other team members come from Zynga.
GALA token
 
1. Use/Purpose of GALA Coin
 
        Normally when we buy and sell games on Steam, we must use real money, and GALA is designed to be used within the Gala Games game ecosystem to provide participants with a convenient and secure payment and settlement method for digital goods or in-game payments. Items allow players to truly own the game assets instead of being controlled by the game company.
 
        Compared with the successive use of gold settlement, GALA can be used in various games and props on Gala Game at any time. In other words, its application is wider than ordinary cash.
 
2. What are the characteristics of GALA tokens?
 
        Because Gala Games is not a single blockchain game, but provides a series of games as a game platform, and focuses on "fun" to develop a series of player versus player, tower defense, fantasy role playing (RPG), science fiction strategy games, etc. , therefore GALA, as a platform token, can be universally used in various games.
 
        The biggest difference between GALA and other cryptocurrencies is that GALA is specifically built as a game currency, with a clear purpose of being used for games, and can be used to purchase game NFTs, thus creating a game ecosystem using GALA coins.
 
3. There are currently three ways to obtain Gala
 
        Become a node of GALA Network to protect the stability and security of the chain, and you can get corresponding rewards every day
Join GALA and invite friends to join the GALA ecosystem, then you can get corresponding rewards every day
Secondary market purchase
 
        Town Star is the first blockchain game released by Gala. It is a farm management simulation game. Players can plant crops and collect resources on their own land, as well as build factories to continuously improve the economic level, thus establishing a dynamic operation. The economic system has high playability, and this game is completely free. There is no need to purchase digital assets first like Axie, which is very convenient. However, the game difficulty of Town Star is also higher, even though the game will give players more than 20,000 funds. and 40 barrels of engine oil, but if you cannot quickly build your own self-sufficient oil production system, once the gasoline is consumed and the goods cannot be sold, or the economic system cannot make ends meet and cannot pay workers' wages, the game will gradually come to a dead end.
 
        The maximum supply is 50,000,000,000 GALA. Currently, 81% of the tokens have not been unlocked. In addition, the team has taken 50%, and the nodes will give 50%. The team holds a higher proportion. The current price of the currency is US$0.02, and at its peak it was nearly US$1. So it also fell by nearly 99%. So it is quite embarrassing now because there are still a large number of coins that have not been unlocked.
ecology
        There are currently 16+ games on the platform, both on PC and mobile. There are quite a lot of types, including RPG, strategy, business simulation, and PVP. You can try it out at https://app.gala.games/games , look at the game quality.
        Finally, let’s summarize. In fact, compared to the Magic we talked about before, Gala appeared earlier and has more games. His team, including his team, has been deeply involved in the game field for many years. Therefore, in terms of the game platform on Ethereum, it currently The market value of is on the low side, because the market values ​​of the three major chain games mentioned before are very high, and the current market value of a game platform is only 150 million U.S. dollars, while the current market value of steam is more than 40 billion U.S. dollars. If you are benchmarking against steam, There will definitely still be a hundredfold increase. The premise is that web3 chain games can develop to the same level as the current web2 games. I think there is no problem. It is just a matter of time. If one wave of bull market is not enough, then there will be two or three waves. But in the short term, there are still a large number of tokens that have not been unlocked, and the game is not very playable. Therefore, there is an urgent need to put on the shelves some highly playable games to support it. This is also a matter of time. In short, I am quite optimistic, because it is not a game, but a game platform. As long as new games continue to be released, there will always be a hit, and that is when it explodes, so the current valuation is not very high.