Introducing GalaChain’s First Node Workload NFT
To keep up with powering the most innovative projects, products and platforms in web3, it’s crucial that we maintain optimized node networks. These networks empower users to contribute computing power to the decentralized network through GalaChain’s cutting edge DePIN (Decentralized Physical Infrastructure Network), essentially turning community computers into employees of the blockchain and rewarding operators for their time and energy.
While GalaChain was being created from the ground up by our team of blockchain experts, tokenization of node licenses was always an important part of the vision. A key benefit to blockchain is the user’s ability to own tokenized items on their terms, so a license to operate a DePIN node for rewards should be no exception.
As recently announced in this blog, Founder’s Nodes and Common Ground World Nodes would be the first nodes in the GalaChain network to undergo this “tokenization” process.
Today, we’re pleased to announce that Common Ground World Nodes have now made GalaChain history, becoming the first tokenized node licenses in the GalaChain ecosystem.
Node Workload NFTs
Throughout the history of the decentralized Gala ecosystem, node licenses have been issued as account locked items, making them unable to be transferred or traded. With Node Workload NFTs, operators are becoming empowered to trade their licenses with one another for the first time.
Please note that the Node Workload NFT is not the node itself, but the tokenized license to operate the node for rewards. No matter which node network (there are already several and more in the works), the node is run using the GalaChain node client on the operator’s computer.
By transferring a Node Workload NFT to another user, you are also giving them the right to operate that node and receive the rewards that come with it.
Initial Features
The Common Ground World team is bravely leading the way into this uncharted territory by tokenizing licenses for Common Ground World Nodes. This is a crucial step before the upcoming release of Common Ground World Guilds, which promises to be a truly game-changing feature for Gala’s flagship game of town and city builders.
Your Node Workload NFTs will initially be transferable to other users and bridgeable to the Ethereum blockchain for external trade. However, please note that your Node Workload NFT must be on GalaChain to run your workload.
Future Features
The ability to list your Node Workload NFTs on GalaSwap will be added with a future update.
Allocation of CGW Node Workload NFTs
For anyone who purchased Common Ground World Node (formerly known as Town Star Node) licenses in a previous sale, you will receive a number of Node Workload NFTs that corresponds to the amount you spent on your CGW Node license in the original sale.
Around midday on March 27th, operators should have received 1 Node Workload NFT for each $1000 spent on the license in the original sale. For example, if you spent $1000, you should have received 1 Node Workload NFT, but if you spent $4000, you should have received 4.
Stay tuned for more updates and the tokenization of other node networks within the GalaChain ecosystem, such as Gala Founder’s Nodes!
