It’s springtime for web3, with new applications and projects budding with new levels of innovation and user empowerment. As we all look forward to the summer of mass adoption with its long days and nonstop memorable events, there’s one crucial spring cleaning chore that blockchain creators need to take care of.
It’s still too hard for newcomers to build in web3.
The GalaChain team’s primary focus throughout 2024 has been solving this problem, because we recognize that lowering web3 barriers for developers is one of the most important pieces of the mass adoption puzzle.
Throughout the past several years, blockchain companies have bent over backwards for investors, speculators and the social media influencers who could shout loudest. It’s high time these solutions were customized for the ones who will really carry this movement forward… The builders.
Building for Builders
You can make a good living as a house builder. After all, lots of people need houses. The population is always growing, and houses wear out as time goes by. If you’re good at building houses and you keep your promises to clients, it’s reasonable to expect a steady stream of jobs that will keep you busy.
As an exceptionally skilled builder, you’re likely to reach a point where you need to hire a team to help keep up with demand as new jobs come in. As your business grows, you’ll continue to scale, adding new positions and specialists to do certain parts of the job more efficiently so you can keep accepting more jobs. Eventually you’ll even be sub-contracting a lot of the work, hiring additional work crews to accomplish things that don’t necessarily require your personal touch.
As you achieve tremendous success in the home-building industry, you may find yourself running a business that employs dozens or even hundreds of workers, bringing in more than enough money and always managing a full workload. Enjoy it, builder champion. Many would say you’ve reached the apex of your game.
But there’s always room to innovate and continue to grow in places you may not expect. When the builder’s time and energy is tapped out, it’s time to think even more about efficiency.
As a smart and successful builder, you begin to imagine not only projects, but systems with the potential to make projects easier for other builders. You may invent and patent a new type of machinery that will maximize time and manpower on a specific type of project, then use profits from your successful contracting business to produce and market your product on an international and commercial scale. Or you may develop systems that can be reproduced for certain types of jobs, expressing your ideas in a book and compounding your income with book sales.
The master builder will reap the greatest rewards from building systems that help builders build better.
GalaChain and Innovation
While Gala Games’ layer-1 blockchain, GalaChain, was built specifically for the demands of entertainment, it was never intended to be limited to entertainment use-cases. The vision may have started with games, but entertainment was chosen because of its tendency to adhere closely to the latest and most cutting edge standards in technology. Simply put, building for entertainment meant building for anything.
The team behind GalaChain believes in the power of blockchain to revolutionize numerous world industries, from supply chains and medical infrastructure to gaming, insurance, conservation, disaster relief and almost anything else you could think of. When they used Hyperledger Fabric to build GalaChain with a vision of decentralization, they were imagining world-changing applications that could empower creators, investors, business owners and philanthropists.
GalaChain presents an ideal and versatile blockchain infrastructure that can strategically insert ownership and tokenization to level up any type of project. A truly decentralized chain with privately operated channels (isochans) makes it possible for builders to do what they do best. The Typescript-enabled GalaChain SDK makes it more reasonable than ever before for traditional developers to make the transition from web2 to web3.
Builders: We built GalaChain for you. Ready to build on it?
The long-anticipated moment has arrived! Gala Film is proud to announce completion of our Token Generation Event (TGE) for $FILM on December 5th, 2024
This milestone marks one of the most important steps in our mission to revolutionize the film industry through decentralization, bringing fans, filmmakers and cutting edge content to a thriving GalaChain ecosystem. Whether you’re a filmmaker seeking creative freedom or a fan eager to engage more deeply with the stories you love, $FILM is now here to empower you.
GalaChain $FILM allowances have now been issued to all Gala Film users based on their support prior to the $FILM TGE. You’ll find more information on redeeming $FILM allowances and initial distribution in the newly updated Gala Film Whitepaper.
A Decentralized Vision for Entertainment
At Gala Film, we’re reimagining the film industry. By leveraging the power of GalaChain, we’ve built a platform where filmmakers can connect directly with audiences, cutting out traditional gatekeepers and elevating the experiences of both creating and enjoying films. The $FILM token is the beating heart of this ecosystem—a utility and reward token designed to create a transparent, inclusive and collaborative cinematic experience.
$FILM Details
Here’s what you need to know about the $FILM TGE:
Launch Date: December 5, 2024
Total Supply: 500 million $FILM
Initial $FILM generation at launch: 100 million $FILM (20% of the max supply)
Initially $FILM has been allocated to content creators, Theater Node operators, advocates and other ecosystem supporters.
This distribution ensures that every participant, from filmmakers to fans, has a stake in Gala Film’s decentralized vision.
To finish 2024 with a bang, Gala Games has unveiled an awesome weekly way to collect $GALA… The Epic Gala Sweepstakes.
Prize drawings are happening every week on Wednesday at 12pm PT. Don’t miss out. Next week’s drawing (December 11th) will be the biggest yet, with more than 12 MILLION $GALA in the prize pot!! 🤯
Progressive $GALA Prizes
Epic Gala Sweepstakes is a lottery-style game in which players submit tickets to pick numbers and enter themselves in the weekly prize drawing.
Prizes are a combination of $GALA, the core utility/gas token of the GalaChain ecosystem, and additional Sweepstakes tickets.
Whenever $GALA is burned, 2% of that $GALA is always added to the ongoing prize pot in the Epic Gala Sweepstakes. Any $GALA that is not won in each drawing rolls over into the next weekly drawing.
Additionally, the team is injecting an extra 1 MILLION $GALA to the prize pot every single day in December for major prize possibilities!
Tickets Do Not Expire
The newest Epic Gala Sweepstakes update reveals that tickets will no longer expire if left unused by each new Sweepstakes drawing. This means players will have the freedom to wait until the time (or prizes 😉) are right, adding a new dimension of strategy to the game!
How to Enter
Anyone in an eligible location* can enter the weekly Epic Gala Sweepstakes drawing with no purchase required, using the mail-in option. For more details on this no-purchase-necessary method of entry, check out the Terms & Conditions.
All tickets in the Epic Gala Sweepstakes are free, collected by using $GALA on eligible ecosystem actions. To be classified as an eligible action, $GALA must be burned as part of the action. Whenever a user action leads to a $GALA burn, the total $GALA burn counts toward your accumulation of free Sweepstakes tickets.
Eligible Purchases
Sometimes, eligible actions are item purchases in which all $GALA spent is burned – Typically, these are items sold for Gala Games owned IPs like VEXI, Mirandus and Common Grounds World.
Transactional Fees
Additionally, $GALA is burned when it is used in transactional fees, for transferring, minting or bridging tokens.
Tapper $GALA
In Gala Games’ Telegram mini app ecosystem, all $GALA used in-game is burned, so 100% of $GALA spent on features like buying Steal Tokens, Premium Quests and Gala Stash counts toward your free Sweepstakes entries.
Connect your Gala Games wallet in the following free games:
When you create or accept a token swap on GalaConnect, all $GALA fees count toward your free Sweepstakes tickets. If you use the project token creation tool to make a new token, $GALA burned when your token is approved will also count.
How to Play
Playing Epic Gala Sweepstakes is as simple as using your free tickets.
*Please note that this fee is also burned, counting as 1/10 of your next free ticket!
Epic Gala Sweepstakesis only the beginning of a new era in Gala Games chance-based gaming, powered by a state of the art GalaChain RNG system, coming soon…
With the release of the new Gala Film Whitepaper, we’re unveiling the transformative vision and innovative technology powering Gala Film. With more detailed plans than the previous Litepaper, this document offers an in-depth look at the platform’s economy, the $FILM token, and how we’re decentralizing the filmmaking industry to empower creators and fans like never before.
Following December 5th’s successful $FILMToken Generation Event (TGE), let’s dive into the key highlights of the Whitepaper and how Gala Film is rewriting the cinema script for the web3 era.
Gala Film is more than an ad-free film streaming platform; it’s a movement to decentralize and democratize the entertainment industry. With the web3 power of GalaChain as its engine and our native $FILM token as its fuel, Gala Film will virtually eliminate the gatekeepers of traditional filmmaking, empowering creators with control over their content and fans with opportunities to participate while collecting rewards.
Gala Film’s mission is built on three core principles:
Decentralization: Using Theater Nodes to create a resilient and secure ecosystem, Gala Film is removing single points of failure for a film world free from centralized servers and corporate control.
Community Ownership: Film is meant to be experienced, and a community-centered approach allows Gala Film users to go deeper into the content they love. From owning digital collectibles to influencing platform governance, audiences will always play a vital role in the future of Gala Film.
Fair Rewards: Both creators and participants are rewarded transparently, fostering a sustainable and equitable entertainment ecosystem driven by the cutting edge capabilities of the latest web3 technology.
Key Highlights from the Whitepaper
The Whitepaper outlines the architecture, tokenomics and vision for Gala Film. Here are some of its most exciting elements:
The $FILM Token
At the heart of Gala Film is $FILM, the utility token driving the ecosystem. Here’s how it works:
Utility: $FILM facilitates all transactions and access to exclusive content.
Rewards: Fans can get $FILM by watching films, hosting Theater Nodes or supporting the platform through ecosystem-building activities.
Governance: Token holders will have a voice in shaping the platform’s future through decentralized governance mechanisms.
Decentralized Content Delivery
Gala Film’s Decentralized Content Delivery Network (DCDN) powered by Theater Nodes to ensure that content is available exactly when and where it is needed.
Decentralized Storage: Instead of being housed in giant centralized server warehouses, content is distributed, stored and streamed across a network of community-run nodes, ensuring reliability and scalability on a level that cannot be matched by more traditional centralized systems.
$FILM Rewards: Node operators collect $FILM rewards for contributing computing power and bandwidth to the ecosystem, similarly to how GalaChain Founder’s Node operators collect $GALA rewards for powering GalaChain.
NFT Moments and Rewards
Gala Film introduces gamified engagement with NFT Moments, the most accessible and simple method of supporting content for regular $FILM rewards.
Collecting Moments: Moments are collectible digital assets (NFTs) tied to specific films and series. They can be transferred or exchanged on secondary GalaChain markets like NFT Harbor.
Collecting $FILM Rewards: Moment owners receive daily $FILM rewards based on the popularity of the associated content, with a total of 15% of initial $FILM allocation for Moment owners.
Governance and Decentralization
The long-term vision of Gala Film is full decentralization that will open important platform decisions to members of the community, particularly Theater Node operators.
Community Governance: Theater Node operators and $FILM holders will vote on key platform decisions, from content guidelines to reward structures.
Join the Gala Film Revolution
The Gala Film Whitepaper is an invitation to be part of a decentralized cinematic future. Now is the time to join the movement and help redefine how films are made and experienced.
Together, we’ll create a people-powered entertainment ecosystem that puts creators and fans in control.
On the evening of Wednesday, December 4th, the value of a single Bitcoin surpassed $100,000.
The world watches in wonder as its original cryptocurrency surpasses an historic milestone, taking a moment to reflect on the journey of decentralization that began with the publication of Satoshi Nakamoto’s white paper in 2008.
This landmark is about much more than price. Representing a powerful populist movement that has spread throughout the world, this achievement goes beyond speculation and opportunity to symbolize the adoption of blockchain technology, a technology that continues to reshape finance and beyond.
At GalaChain, we see this milestone as a pivotal moment for the web3 space, affirming our mission to empower creators and communities worldwide. We join the rest of the blockchain world today in celebrating a most memorable day for Bitcoin, more than 16 years after its revolutionary vision.
Bitcoin’s rise from obscurity to a global phenomenon has been marked by many significant milestones:
2009 – Genesis Block: The first block was mined, introducing the world to blockchain technology.
2010 – First Transaction: Bitcoin’s first commercial transaction—two pizzas for 10,000 BTC—illustrated its potential as a medium of exchange.
2013 – $1,000 Milestone: Bitcoin crossed $1,000 for the first time, gaining recognition as a store of value.
2017 – $20,000 Peak: Bitcoin hit $20,000, solidifying its position as “digital gold.”
2021 – $64,000 Surge: Institutions began adopting Bitcoin, and El Salvador declared it legal tender.
2024 – $100,000 Achieved: The culmination of growing acceptance, technological development, and collective belief in decentralization.
Each of these moments signifies a step forward in Bitcoin’s role as a decentralized, peer-to-peer currency. Bitcoin’s rise tells a story about technology, finance and society. Started as a solution to an outdated financial model that put too much control in the hands of mega-corporations and banks, it has evolved into a powerful grassroots movement destined to return financial control and freedom to people everywhere.
Web3 and Bitcoin: The Broader Vision
Bitcoin’s success has opened the door for innovations like GalaChain, many of whom have spent over a decade building on Satoshi’s decentralized vision. While Bitcoin has pioneered the idea of decentralized finance, projects like GalaChain are building more broadly, bringing blockchain into industries like gaming, entertainment and beyond.
GalaChain is a foundation for creators to thrive in any number of world industries, bringing product features into alignment with the latest and greatest web3 technology.
As we have pioneered further into the web3 era, the user-empowering functions of blockchain have consistently become more accessible and easier to build on. Using GalaChain, traditional developers gain tools to bring their visions to life with scalability, efficiency and decentralization, without requiring them to become experts in blockchain development.
Bitcoin taught the world that decentralization works. GalaChain shows what’s possible when decentralization meets innovation.
High Performance: Built on Hyperledger Fabric, GalaChain delivers the scalability to handle high transaction volumes across diverse use cases.
Empowering Creators: With an easy-to-use SDK, robust security and low-cost transactions, GalaChain supports creators in building decentralized experiences.
Community-Driven Evolution: GalaChain is progressing toward greater decentralization, reflecting our commitment to empowering not just creators but also our community.
The Role of Community: A Celebration for All
We extend heartfelt gratitude to the growing GalaChain community – not only those who have been with us through this journey, but newcomers who are eager to learn and join in this movement. Your passion, creativity and belief in decentralization fuel everything we do.
This milestone for Bitcoin is a milestone for all of us working to build a decentralized world.
Let’s celebrate how far we’ve come—and look forward to what lies ahead. The world is waking up to the power of blockchain, and we’re proud to be a part of this revolution.
Join Us
As we honor this milestone, we invite you to explore what GalaChain can do for you. Whether you’re a developer, a gamer or CEO, there’s a place for you in our creator-first ecosystem.
This moment is about more than Bitcoin’s price—it’s a testament to what blockchain can achieve. Together, we’re shaping a decentralized future.
