The community has spoken… Epic Gala Sweepstakes is a hit! Throughout the GalaChain ecosystem, players are taking advantage of the new $GALA incentive, collecting tickets and entering to win!!
The first historic prize drawing happened just a couple hours ago, at 12pm PT… $GALA prizes have been distributed to the winners and we’re already gearing up for the next big prize drawing, on Wednesday, December 4th, 2024.
Gala Games has the best community in web3– we love digesting and responding to community feedback. We also LOVE adding new layers of strategy and gamification wherever we can, so we’re thrilled to announce the latest new development to Epic Gala Sweepstakes…
YOUR FREE TICKETS NO LONGER EXPIRE.
The original plan was to require all outstanding tickets to be activated by the time of the drawing or become useless… the Use-it-or-lose-it approach. But based on community feedback we started exploring the possibilities of allowing users to hold their tickets as long as they want.
It was quickly decided that removing the expiration from your free tickets will give you greater freedom to strategize about when and how to activate your tickets, enhancing the fun and leveling up the experience.
So get out there and collect your tickets through qualifying actions on GalaChain (enter free through the mail-in option described in the Terms & Conditions, or collect a free ticket for every 100 $GALA you get burned . Keep watching the prize pot grow and jump in as soon as you’re feeling lucky!!
It’s official. The Gala Film platform’s official Token Generation Event (TGE) is happening on Thursday, December 5th, 2024.
Gala Film has already hit the ground running throughout this year with a decentralized community-run Theater Node network, multiple pieces of exclusive content, reward-enabled NFT Moments and much more. But things are about to get very real for this free-to-watch web3 film platform that promises to revolutionize the video content industry by empowering filmmakers and viewers alike.
Web3 Means More Freedom, Greater Possibilities
Gala Games first envisioned the power of web3 applied to filmmaking over two years ago, while its gaming and blockchain tech experts were hard at work building an entertainment-first layer-1 called GalaChain.
Now that GalaChain is tried, tested and open for development to third party innovators, Gala Film is ready to seriously get busy changing the game of film and filmmaking. The rubber really hits the road with this TGE, finally ready to execute after more than a year of careful planning.
Introducing $FILM: the token that’s redefining entertainment.
$GALA is the core gas token for the entire GalaChain ecosystem, including Gala Games, Gala Music and Gala Film, as well as numerous emerging community-built projects on the chain. $GALA is burned with all GalaChain transactional activity and distributed daily as a reward to Founder’s Node operators who power the decentralized ecosystem, creating a scalable economy for GalaChain as it continues to grow.
$FILM and Gala Film
Gala Film is a channelbuilt on GalaChain, powered by its own dedicated node network (Gala Film Theater Nodes) while benefiting from the blockchain infrastructure of GalaChain. $FILM is the fungible token that will represent the core of the Gala Film ecosystem, with complex systems of faucets and sinks to reward all types of users as Gala Film onboards more creators and new content.
Serving as both reward and utility token for the Gala Film ecosystem, $FILM will create a constant economic flow, like the life-blood of the Gala Film circulatory system.
$FILM will be distributed as rewards on a daily basis to the Gala Film community of creators, viewers and collectors.
At launch…
Theater Node operators will receive 17.5% of daily $FILM distribution for powering the Distributed Content Delivery Network.
Founder’s Node operators will receive 2.5% of daily $FILM distribution for powering the backbone of the decentralized GalaChain ecosystem.
Content Creators will receive 5% of daily $FILM distribution for producing high quality video content, favoring creators based on their platform impact and viewership.
Moment NFT Owners will receive 15% of daily $FILM distribution, collecting rewards associated with a specific project for which they own Moment NFTs.
Ecosystem Supporters will receive 10% of daily $FILM distributions from a variety of allocations designed to reward many types of ecosystem involvement.
Gala Film will receive 50% of daily $FILM distribution for marketing, ongoing development and liquidity costs. This portion will be reduced each year as the platform grows toward full decentralization.
Utility for $FILM
In addition to its reward distribution model, $FILM will serve many purposes as a currency for the Gala Film platform.
Shortly following launch…
$FILM Boosts will create a system that allows owners to power up their favorite content on the platform by spending or holding $FILM in support of any project.
Digital Collectibles and Experiences will be purchased (often exclusively) for $FILM, which is burned.
Community Pitching will empower anyone in the community to present their own project ideas through a unique crowdfunding system powered by $FILM. Holders of $FILM will have the opportunity to support promising projects, empowering aspiring filmmakers to bring their visions to life.
Commercial Ad Spends will create a way for brands and projects to use $FILM to reach Gala Film’s active web3 audience with targeted advertisements
Supply for $FILM
The max supply for $FILM is 500,000,000.
December 5th’s TGE will see 20% of the total supply created, or 100,000,000 $FILM, distributed as allowances. This entire TGE portion comprises all POPCORN! and POPCORN Buckets held in user accounts.
Throughout 2024, Gala Film has distributed POPCORN! as the initial utility token for Gala Film. At the TGE, all holders of POPCORN! will automatically receive GalaChain allowances for $FILM at a ratio of 1 POPCORN = 10 $FILM.
This includes individual units of POPCORN!, currently awarded to Theater Node operators and Moment NFT owners on a daily basis, as well as POPCORN! Buckets, which were given out as rewards to early adopters and supporters of Gala Film.
Following the issuance of GalaChain $FILM allowances, POPCORN! and POPCORN Buckets will have no future utility and will no longer be distributed. After the December 5th TGE, $FILM allowances will be awarded directly to users based on their ecosystem activity.
An updated version of the Gala Film Whitepaper is coming soon (prior to the $FILM TGE with detailed explanations of tokenomics, $FILM allocations and more.
Exchanging $FILM
One of the most important initial features of $FILM is the ability for users to exchange these tokens on GalaChain. This is where GalaConnect (formerly GalaSwap) comes in.
While the GalaChain team cannot comment on any potential centralized exchange listings in the future of $FILM, they can predict that on or shortly after launch, the token will be listed on the decentralized exchange protocol at GalaConnect, allowing users to create and accept peer-to-peer swaps to and from $GALA.
This important feature will give $FILM owners the freedom to exchange their $FILM for $GALA while giving aspiring $FILM owners who did not take part in the TGE a chance to receive $FILM by using $GALA, which is available on dozens of exchanges worldwide. TGE a chance to acquire $FILM by using $GALA, which is available on dozens of exchanges worldwide.
Pass the Discounts, Please! Gala Black Friday Deals and Specials
Another year and so much to be thankful for. As we head into the last weeks of 2024, we wanted to offer a slew of awesome deals for you, our amazing Gala community, to enjoy!
There’s a lot going on, but below we’ll outline all the doorbusters (no, that’s not right. Screenbusters? 🤔) coming to you and how you can get the most out of your budget this Black Friday!
Champions Arena
Bonus Gems from packs: Gem Pack VI and Gem Pack VII will reward double gems on purchase for a limited time!
This bonus is limited to one purchase per account for each pack.
Magic Stone Bundle: 30% off within the in-app store!
BONUS: Purchase at least $500 of items within Champions Arena between November 26th at 6pm PT and December 9th at 6pm PT and get the following as a bonus after the event!
Legendary Jia (non-NFT), Legendary Champion Box and a Legendary Equipment Box!
Special Limited Burn Sale: 10 Legendary Devi & Stan for sale on the Gala Store. All $GALA spent for these items will be burnt, which will qualify the buyer for extra tickets in the Epic $GALA Sweepstakes!
In Mirandus we’re rolling out two brand new in-game pets! The Pet Hawk and Pet Phoenix will be available this weekend for the first time, and they’ll both be listed at a temporary 10% discount! These discounts will kick in pm Wednesday, November 27th at 11am PT and run through Monday, December 3rd at 11am PT!
All $GALA used to purchase items for Mirandus is burned, meaning you’ll end up with extra tickets for the Epic $GALA Sweepstakes!
Eternal Paradox
Grants and Emblems: From Wednesday, November 27th at 6pm PT to Monday, December 3rd at 6pm PT Land Grants and Immortal Emblems will be discounted 40% in the Gala Games Store.
Discount Coupons: On Wednesday. November 26th at 6pm PT, all players will receive a 30% discount coupon for in-app purchases with gems.On November 27th at 6pm PT, all players will receive another 50% off coupon. These will both be usable for 24 hours from when they are received only!
Discounted $GALA options: From Wednesday, November 27th at 6pm PT to Monday, December 3rd at 6pm, some of the biggest items in the Eternal Paradox Store will have $GALA temporarily added as a payment option, with a 70% discount for any purchases made with $GALA!
From Wednesday, November 27th to Tuesday, December 3rd, four of the biggest fan-favorite NFTs will be discounted 30% with any available payment method to celebrate!
Specialty Coffee Cart
Sand Castle
Crystal Sanctum
Boxing Facility (Epic)
All $GALA used to purchase items for Common Ground World is burned, meaning you’ll end up with extra tickets for the Epic $GALA Sweepstakes!
VEXI has a load of new festive costumes and ProtoVEXI marked down for the holiday season! The following packages will be available for a 30% discount
Cobber Costume and VEXI Bundle
Gobbles Costume and VEXI Bundle
Stuffles Costume and VEXI Bundle
The GOAT Costume and VEXI Bundle
In addition to the above sweet deals, there will be a 50% discount on a special ‘Get Them All VEXI Box’ that will get you all the newest super-festive skins!
All $GALA used to purchase items for VEXI is burned, meaning you’ll end up with extra tickets for the Epic $GALA Sweepstakes!
Remember when stuff didn’t have microchips in it? Well, that time has passed.
Today we’re absolutely awash in connected gadgets and gear throughout our homes. Think about how many devices you have connected to your WiFi… phone, computer, laptop. Did you remember to count the TV? What about gaming consoles? Security cameras and printers? Do you have smart appliances like a washer/dryer combo or a smart fridge? Smart lights? Yeah… it’s a lot of devices.
This saturation in “smart” technology is only going to get more intense over the next decades. With the growing ubiquity of AI, it’s likely that more of this will be automated soon to some level.
It’s not only that your WiFi is woefully prepared to handle all these devices (it is), but also that your WiFi is just a normal network. It can’t logically prioritize tasks… that’s all on the devices themselves. As more devices come around, that’ll get harder to manage. Luckily there’s a tool that fits the smart home of the future perfectly — blockchain!
The Smart Home of the Future
Forgive us if we slip into sci fi a bit here, but look around you. Even compared to 10 years ago, we are living in science fiction today.
Imagine what the next generation of in-home tech looks like. Will your stove automatically start dinner for you? Will your bookshelf recommend reading material based on your mood? Will your bed retract into the wall if you oversleep like on The Fifth Element? (Notably, I’ve badly wanted this bed-based tech since I was a child.)
There’s already tons of automation in smart homes. People regularly use phone apps to automate feeding pets, time lights or brew coffee first thing in the morning. People really like having stuff done for them, so it’s probably going to get more prevalent to automate household activities.
Will you be able to automate through a simple app when a robot arm is cooking your dinner for you? When your smart home is required to decide whether people can enter your house or not, is that something you really want on a phone app? Wi-fi and apps are simply not suited to this task.
The Internet of Things
The Internet of Things (IoT) refers to a network consisting primarily of independent devices that can communicate and transmit data to other devices. That’s pretty much exactly what your growingly online smart home is.
An internet of things is distinct from a traditional network, in that devices on an IoT typically receive input through sensors, cameras or external controls rather than a direct interface like a computer would. These are devices that serve functions and typically require connectivity and external information to fill those functions.
Our technology hasn’t quite grown into a fully integrated smart home, interconnected wall to wall… yet. We like technology that makes our lives easier, however, so more and more tools will probably be coming to your home before too long.
With AI growing more powerful by the day, it’s probably fair to say that these devices throughout your home will work together more fluidly in the future. This means more information exchanged between them… and more hurdles for security and efficiency.
Securing a Smart Home
As devices around your home work more intelligently and autonomously, your home network is going to start carrying a lot more sensitive information. Let’s say that your alarm knows when the kids have to be to school, so it wakes you up with enough time to get everyone ready. Your coffee is automatically brewed before you ever get to the kitchen, and your phone readily displays the weather two towns over since it knows you have to run to the carpet store this afternoon.
Your smart devices just tapped into a wealth of information about you and your daily routine to compute your likely schedule for the day. If this is stored as traditional data on your network, anyone who compromises your security would know the following:
Where your kids go to school
When you leave in the morning and wake up
Where you’re going this afternoon and how long you’ll be gone
When you start thinking about the kind of huge data sets that AI needs to make decisions, there’s an absolute pandora’s box of information that a personal AI assistant would need to coordinate your home life.
It’s scary enough to think a hacker could know when you’ll be coming and going, but data brokers are also drooling over all this extra demographic information. If your AI can predict what you will do and when, they can do the same with the same amount of data.
This is where a private blockchain comes into play. A private blockchain can logically triage tasks from your personal internet of things, while still maintaining robust encryption in the blocks themselves.
Many companies have switched over to internal, private, permissioned blockchains for their sensitive data. With the ease of creating custom environments on GalaChain, this could be done for personal use as well.
Block Houses
The smart home of tomorrow is built on-chain.
On a private blockchain, each of your devices could function as a peer with its own credentials and permissions. They read information they need from blocks created previously in the channel, and any transactions they submit to a new block are verified through the ordering service.
A household AI would act as the approver node for transactions, but a user interface would also have permissions so that you could view the chain as you want. All the actions and data of your devices stay on the private blockchain, not only protected by the security of your network but also gated behind GalaChain’s asynchronous encryption.
This essentially provides your house its own private network. You could go ahead using your direct input devices directly on your main network, but any autonomous activities taken by your kit would process through your private homechain. Like we said, a fully automated homelife may be in the future… but not that distant of a future. We need to start thinking about how to resolve these issues now, and blockchain is the perfect solution for these kinds of private IoTs.
The tools of tomorrow are built today, and tomorrow’s coming up very, very soon.
In the days following the recent US election victory of Donald Trump, cryptocurrency (especially Bitcoin) has stepped once again into the spotlight as the financial world prepares for what many are considering the most crypto-positive US administration yet.
With a campaign promise from July of this year, Trump notably said he would make the United States the “crypto capital of the planet,” creating a Bitcoin strategic reserve and making huge strides in regulation of cryptocurrency.
What is a Strategic Reserve?
Assets kept as strategic reserves are exactly what they sound like: Official assets held by the government as reserve stores of value and protection against inflation.
The United States’ Bullion Reserve is massive, containing approximately 8000 metric tons of gold in 2024. Other US strategic reserves include grain, natural gas and petroleum. SOURCE
An official Bitcoin Strategic Reserve would establish Bitcoin as a store of value on an internationally recognized scale, likely leading to some form of BTC accumulation race among the nations of the world.
The United States government already holds approximately 207,000 Bitcoin, SOURCE but as 2025 nears, it is becoming more likely that US BTC holdings will be ramped up to 1 million Bitcoin, which constitutes nearly 95% of its total supply.
With legislation already introduced that could initiate this ongoing BTC purchase, conditions are looking favorable for the US to elevate the status of cryptocurrency by accumulating and holding for years.
Many analysts speculate that US acquisition of Bitcoin as a strategic reserve would lead very quickly to other nation-states following suit. Bitcoin’s max total supply is only 21 million and its deflationary distribution to miners is halved every four years. If the United States adopts this strategic Bitcoin reserve plan, chances are good that the US will indeed be considered the “crypto capital of the planet,” as Donald Trump mentioned during his presidential campaign.
Bitcoin Legislation
Also in the wake of Trump’s victory, US states are now introducing legislation regarding the use of Bitcoin as a strategic reserve form of currency. Pennsylvania is the most notable example, having introduced new legislation last week.
On November 14th, the Pennsylvania House of Representatives introduced its own Strategic Bitcoin Reserve Act, a plan that would allocate up to 10% of state funds into BTC in order to protect against inflation and diversify its assets.
The Pennsylvania Strategic Bitcoin Reserve Act was written with the help of Satoshi Action Fund, a non profit crypto advocacy group that has created a model bill to introduce Bitcoin strategic reserve plans into state legislation, with Pennsylvania at the forefront of the newly unveiled plan.
In October, the Pennsylvania House also passed the Bitcoin Rights Bill, also created with the help of Satoshi Action Fund, with an overwhelming majority (176 to 26) from both sides of the aisle.
BREAKING: Pennsylvania has passed ‘Bitcoin Rights’ Bill in the House. 🇺🇸
This bill: — Protects residents' rights to self-custody — Ensures ability to use #bitcoin as a payment — Provides explicit guidelines around taxing transactions
Satoshi Action Fund is working with policy and lawmakers in multiple states to assist in establishing regulatory frameworks that will advance the adoption of cryptocurrency. Even during a contentious election year, rights and regulations for cryptocurrency owners have emerged as bi-partisan issues that both Democrats and Republicans view as worthy of time and attention.
According to the National Conference of State Legislatures, at least 35 states have crypto-related legislation either introduced or pending in 2024. SOURCE
The Bitcoin Act
First proposed in late July by Wyoming US Senator Cynthia Loomis, the Boosting Innovation, Technology and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act is currently the clearest path to US adoption of the world’s original cryptocurrency on a massive scale that could be a game-changer for all Bitcoiners.
“Bitcoin is transforming not only our country but the world and becoming the first developed nation to use Bitcoin as a savings technology secures our position as a global leader in financial innovation. This is our Louisiana Purchase moment that will help us reach the next financial frontier.”
– Cynthia Loomis
If passed, the “BITCOIN Bill” would:
Establish a US “decentralized network of secure Bitcoin vaults.”
Implement a 1-million-unit Bitcoin purchase program to acquire 5% of total supply.
Be funded by diversification of existing funds in Federal Reserve and Treasury departments.
Affirm self-custody rights for private Bitcoin holders.
GalaChain is not in the business of predicting the future or speculating on token price action. Still, it’s plain to see that all this crypto news is closely related to the lasting adoption of web3 technology. When a leading economic force like the US government adopts Bitcoin as a strategic reserve currency and implements a state-of-the-art regulatory framework for crypto, a reasonable expectation is for other nations to follow that lead.
Historically, Bitcoin’s successes have usually flowed down into various altcoin projects as early adopters take and diversify projects into more specialized future use-cases.
Gala Loves Bitcoin
Without the pioneering vision of Bitcoin and its leadership on the road to web3’s mass adoption, GalaChain never would have been possible. We are building on the backs of giants, excited to bring the benefits of web3 to wider audiences in multiple industries and with the latest web3 tech advancements.
Whatever the future holds for Bitcoin and other cryptocurrencies, we look forward to new systems that empower users with more freedom and control than ever before.
