by GalaChain | Mar 21, 2024 | GalaChain
At Gala, we’re serious about reducing the gap between web2 and web3, and we’re on a mission to make the empowerment of blockchain more accessible, versatile and simple than ever before. This is why we’re offering $1M in prizes to host our massive GALAthon hackathon event during GDC 2024.
Gaming and esports will play a huge part in the future of web3, even as the tokenization revolution crosses over into countless other industries of the world. We love the way the Gems Esports 3.0 so closely aligns with our mission to rocket web3 into the mainstream. This cutting edge esports company is building the largest alliance of blockchain gaming companies in the world, merging GameFi, Metaverse entertainment and SocialFi elements into a robust and sustainable esports platform; today we’re excited to announce that Gala has signed an MOU with them to work together and incorporate GalaChain into their vision.
Gems Esports 3.0 will be a one-stop destination for esports. It describes itself as an “Esports 3.0 aggregator platform within an O2O ecosystem,” that seamlessly blends online and offline experiences, making it the ideal vehicle for mass adoption of web3 in esports.
“Our O2O ecosystem opens up unique activities and solutions for gamers to play, compete, learn, connect, and immerse themselves online and offline. We migrate, bridge, convert, and train web 2 gamers to enter into the blockchain.”
-Koh Bin Hing Andy, Gems Esolutions CEO
Gems Esports integrates its platform with various leading “GameFi” projects in the web3 world, and thanks to the power and scalability of our native L1 blockchain, Gala is ready for integration.
Additionally, Gems Esports 3.0 contains a FanFi studio that creates content surrounding world famous esports and games, providing valuable and entertaining content for its community.
Gems’ competitive arenas allow players to go head to head with some of the best gamers in the world, and we’re eager to see well known Gala community members climbing the ranks and winning the prizes.
Gems Esports 3.0 aims to create a comprehensive ecosystem for esports enthusiasts in the web3 era, offering various features and functionalities for gamers, streamers, and content creators.
Gems Esports 3.0 Website
Gems Esports 3.0 on X
Gems Esports 3.0 on Youtube
Gems Esports 3.0 on Discord
by GalaChain | Mar 21, 2024 | GalaChain
The Gala Ecosystem, powered by the revolutionary GalaChain, stands at the forefront of blockchain innovation, offering a versatile and secure platform for gaming, entertainment, and beyond. While building the blockchain infrastructure of our core entertainment brands of Gala Games, Gala Music and Gala Film, our team of web3 experts built something that was way beyond entertainment.
GalaChain is a developer-first blockchain that is fast, scalable and extremely easy to use. With the recently revealed and Typescript integrated GalaChain SDK, we now have tons of aspiring web3 enthusiasts making plans to build on our blockchain. This is why we couldn’t help hosting a massive GALAthon hackathon event during GDC 2024. We wanted to be where the innovators were, right in the thick of it with $1M in prizes for brilliant developers.
A pivotal element underpinning this dynamic ecosystem is the $GALA token, designed with a strategic tokenomics model to foster growth, sustainability, and community empowerment. This blog delves into the intricate tokenomics of $GALA as detailed in the Gala Ecosystem Blueprint, elucidating its operational framework, supply dynamics, and its pivotal role within the Gala Ecosystem.
The Essence of $GALA
$GALA serves as the foundational utility token within the expansive Gala Ecosystem, facilitating seamless payment, settlement, and incentivization among participants. Operating under a Gnosis multisig safe for enhanced security and governance, $GALA upholds the highest standards of operational security and regulatory compliance, distinguishing itself as a beacon of trust and reliability in the blockchain realm.
Genesis and Distribution
The genesis of $GALA tokens is intrinsically linked to the operation of Gala Games Founder’s Nodes, marking a departure from conventional ICO-founded projects. This innovative reward mechanism ensures a fair and equitable distribution, with a 50:50 split between Founder’s Node Operators and the Gala Conservatorial Entity. This structure not only incentivizes the maintenance and growth of the ecosystem but also lays the groundwork for its future decentralization.
Supply Dynamics
$GALA is capped at a maximum total supply of 50 billion tokens, with a daily emission rate that is dynamically adjusted based on the circulating supply. This responsive supply system is designed to balance ecosystem rewards with a mechanism that exerts a downward pressure on the total token quantity in circulation, ensuring long-term sustainability and value.
Token Burns and Supply Types
A significant aspect of $GALA’s tokenomics is its approach to token burns, which do not affect the maxSupply but impact the totalSupply, thereby refining the economic model of the ecosystem. Understanding the distinctions between maxSupply, totalSupply, and circulatingSupply is crucial for grasping the full scope of $GALA’s tokenomics strategy.
Emission Tranches and Decentralization
$GALA’s emission tranches are carefully structured to align with milestones in the totalSupply, facilitating automatic halving events that modulate the emission rate based on demand. This approach underscores Gala’s commitment to decentralization and community-driven growth, empowering Founder’s Nodes operators to shape the ecosystem’s future.
A Visionary Framework for the Future
The $GALA tokenomics model is more than just a mechanism for distribution and reward; it’s a visionary framework designed to propel the Gala Ecosystem into the future. By aligning incentives with the ecosystem’s health and growth, $GALA ensures a vibrant, sustainable, and decentralized future for gaming, entertainment, and beyond. As we journey together into this exciting new era of blockchain technology, the $GALA token stands as a pillar of innovation, empowerment, and community engagement within the Gala Ecosystem.
In conclusion, the $GALA tokenomics outlined in the Gala Ecosystem Blueprint presents a robust and forward-thinking approach to managing the ecosystem’s economic model. With a clear focus on sustainability, decentralization, and community empowerment, $GALA is poised to drive the Gala Ecosystem towards unparalleled growth and innovation.
Build on GalaChain
by Gala Music | Mar 21, 2024 | Gala Music
Announcing an electrifying addition to Gala Music, with the debut NFT track drop from the legendary DJ Liquid Todd, titled “Easy Boy,” in collaboration with the rising EDM sensation GATTÜSO.
This emotive electro banger marks the first-ever collaboration between these two powerhouses, blending their unique sounds to create an unforgettable musical experience.
Liquid Todd is no stranger to the electronic dance music scene. With a career that has significantly contributed to the popularization of EDM in mainstream media, Liquid Todd has become a staple on BPM, North America’s biggest dance radio station, through his #betaBPM new music show. His influence extends beyond the airwaves, as he is celebrated for his ability to break new artists and bring fresh sounds to the dance music landscape.
“Easy Boy” is available for streaming now, and with its pulsating beats and captivating melodies, it’s set to become a staple on dance floors and playlists around the globe.
If you make it in time, you’ll have a chance to pick up the Signature Edition NFT for this track, the most rare type of NFT track sold on Gala Music, with the greatest reward multiplier! Remember, NFT tracks paired with an active Jukebox Node are eligible for daily $MUSIC rewards based on the track’s platform popularity.
If you’re an EDM fan, this Signature Edition track would be a fantastic way to start your web3 music collection to get some $MUSIC rewards.
If you’re looking for more Liquid Todd on Gala Music, you don’t have to wait until his next drop. You’ll also find him as a featured artist on Krysta Youngs’ latest drop, “Let’s Go Back.”
This release is a must-listen for all EDM enthusiasts and a testament to the vibrant future of music on Gala Music. Don’t miss out on this limited opportunity to support Liquid Todd and GATTÜSO while immersing yourself in the sound of “Easy Boy.” Listen now and let the rhythm take you away.Liquid Todd on Gala Music
Liquid Todd on X
