Founder’s Nodes are now able to be fully tokenized and transferred! Tons of listings are popping up all over NFT Harbor, which was ready to facilitate secure transfers right away!
You can easily purchase or sell Founder’s Node NFTs on NFT Harbor and today we’d like to walk you through exactly how to navigate that process!
Buying a Founder’s Node NFT
Buying NFTs on NFT Harbor is easy! Simply go to the listings on the front page of https://marketplace.nftharbor.io/ and select “Node” from the collection drop down on the left side.
Once you select this, it will display all available Nodes across the site.
You’ll only see one listing for Founder’s Nodes… if you click on it, however, it’ll take you to all the individual listings of Founder’s Nodes.
From here you can select one that you’d like to buy or bid on.
Note: NFT Harbor is an escrow site, so once you select a Node to buy, it’ll ask you to send the cost of the Node to an escrow wallet. The seller will simultaneously send the NFT to the escrow wallet. Once the escrow has both items in it, it will facilitate the exchange and send NFT and proceeds to each person!
Note that some listings request a deposit. These are fees the buyer must immediately pay to the escrow to lock in a deal. After this, the deal proceeds as normal with the deposit being applied to the cost of the Node. This measure was put in place to avoid fake bids and purchases that then never sent the cost to the escrow account.
Ok so Founders nft's will be able to be traded on NFTHarbor…But what if the buyer doesn't pay? Seller would be left in the cold…Well no! Seller will have the possibility to request 10% of the total price first to the buyer. It will be transferred to NFTHarbor. If buyer… pic.twitter.com/mctpR58ePU
To sell your Founder’s Node, first click “Create” in the top menu. This will take you to a screen that allows you to choose your NFT to sell. Note that your Node must be tokenized properly before it will show up on this screen.
Set the expiration date and the allowed time for a deal to be finalized, then find “Node” in the collection drop down list. Once you’ve selected “Node”, you’ll see your Founder’s Node pop up as an available NFT from that collection. Select it.
Once you’ve selected your Node, you can set your pricing. You can choose any supported currency and whether or not you accept bids. If you are accepting bids, choose the floor price of any bids made.
Remember to set a deposit amount if you want to ensure that any bids or offers you have coming in are legitimate! While NFT Harbor operates using an escrow to limit the chance of scams, buyers or sellers can simply not send their payment to the escrow if there isn’t a deposit amount. This will result in their account’s star rating being reduced and any submitted payment or NFTs returned to the rightful owner, but it can also be incredibly inconvenient and temporarily remove their listing from the site.
Double check your pricing, but then click the “Create Trade” button below and you are done! Your Founder’s Node is now listed for sale!
GalaSwap is leveling up, undergoing a transformative upgrade and evolving into a comprehensive bridging and account management platform within the GalaChain ecosystem.
As part of the ongoing “GalaConnect” upgrade, we’re now thrilled to unveil new features that expand the capabilities of GalaSwap far beyond simple GalaChain token swaps. This update introduces direct bridging functionality between GalaChain and Ethereum, with an emphasis on user experience and flexibility. With the new GalaSwap, users can now move assets seamlessly across networks, interact with both their GalaChain and Ethereum wallets, and enjoy enhanced bridging status tracking—all from a single platform.
New Features in the Latest GalaSwap Update
1. Cross-Chain Bridging with Dynamic Fees
GalaChain to Ethereum Bridging: Users can now bridge their assets from GalaChain to Ethereum, enjoying dynamic bridge fees that adjust based on network conditions.
Ethereum to GalaChain Bridging: Bringing assets back from Ethereum to GalaChain is straightforward and transparent, ensuring users can manage their portfolios with ease.
2. Status Monitoring and Block Explorer Integration
Once a bridging transaction is initiated, users can track the status of their transactions through a dedicated status page. This page offers direct links to both Ethereum and GalaChain block explorers, enabling users to verify their transactions independently.
3. Accountless and Account-Based Bridging Support
Accountless Bridging: Users without a Gala ecosystem account can use their existing Ethereum wallet to bridge assets. The system will intelligently default the recipient address to the corresponding wallet on the other blockchain, simplifying the process.
Account-Based Bridging: For those with a Gala account, additional options become available. When bridging from Ethereum to GalaChain, users can connect their Ethereum wallet to access the GalaConnect suite, making the process even more streamlined.
4. Enhanced Bridging Costs and Dynamic Pricing
As part of this upgrade, the bridging fee structure will be revised, and users can expect a temporary surge to 3.5x the existing rate (of which ~70% is burned from supply). This adjustment reflects the dynamic nature of cross-chain transactions and supports the growing infrastructure of GalaSwap as it scales to meet increased demand.
A Unified Platform for All Your GalaChain Interactions
This major update marks a pivotal step in our journey to enhance GalaChain’s functionality. With the introduction of direct bridging capabilities, GalaSwap is being reimagined as GalaConnect—a robust platform for managing and transacting GalaChain assets without the need for a centralized Gala account.
Users will benefit from the flexibility of using both traditional account-based interactions and new accountless connections through Ethereum wallets, broadening the possibilities for web3 developers and casual users alike. Whether you’re looking to bridge, manage or simply view your assets, GalaSwap will offer the tools to do so efficiently.
Why This Matters for the Gala Ecosystem
The latest update to GalaSwap is a significant leap toward decentralization of the Gala ecosystem. By providing seamless bridging and accountless wallet integration, we are removing barriers for both existing and new users, making it easier than ever to engage with GalaChain.
As we continue to evolve, the GalaSwap platform will serve as the central hub for all interactions within the Gala ecosystem, laying the foundation for future growth and innovation. In the near future, GalaSwap will also be renamed GalaConnect in one of the key moves of this multi-phase upgrade.
This change also aligns with our broader strategy of leveraging GalaChain’s capabilities to support industries beyond entertainment and gaming, making it a powerful tool for developers across sectors.
Get Ready to Experience GalaSwap’s Transformation
As we prepare to roll out these new features, we invite all users to explore the enhanced GalaSwap platform and take advantage of its new capabilities. This upgrade is a testament to our commitment to building a decentralized, user-friendly ecosystem where everyone can thrive.
Join the Discord community and follow us on social media and stay tuned for more updates as we continue to build the future of decentralized technology together.
DeFi, short for Decentralized Finance, refers to a financial system that operates on blockchain technology, enabling peer-to-peer transactions without intermediaries like banks or traditional financial institutions. In simple terms, it is a new, decentralized way to conduct financial transactions using smart contracts, cryptocurrencies, and blockchain networks instead of relying on centralized control.
Think of it this way: if traditional finance (TradFi) is like a bank where you need a middleman to approve, process, and validate your transactions, DeFi is like a vending machine that automatically handles everything when certain conditions are met, without needing human approval or oversight. DeFi allows for borrowing, lending, trading, saving, and investing — but it removes the need for trusted third parties.
DeFi is an evolution of financial technology (FinTech), which traditionally aimed to make finance more accessible and efficient using digital platforms. While FinTech largely innovates within the bounds of existing regulatory frameworks and institutions, DeFi steps outside of these centralized models entirely, using blockchain to create an alternative financial ecosystem.
The FinTech boom in the early 2000s brought about digital wallets, online banking, and mobile payment systems, making financial transactions easier and more accessible. However, these still relied on banks, payment processors, and regulators. DeFi took this a step further by completely removing the need for these intermediaries. With the rise of cryptocurrencies like Bitcoin and Ethereum, DeFi was born, offering decentralized applications (dApps) that mimic and improve upon traditional financial services.
Why is DeFi Important in the Web3 World?
DeFi plays a central role in the Web3 movement by democratizing finance. It gives users more control over their assets and offers access to financial services to anyone with an internet connection, regardless of their geographic location or social status.
In Web3, where decentralization and user sovereignty are core principles, DeFi aligns perfectly with these goals. Instead of having centralized institutions control money and finance, DeFi allows users to interact directly with financial markets and services through decentralized networks. This aligns with the broader Web3 ethos of decentralizing control, enhancing transparency, and increasing user autonomy.
DeFi vs. Traditional Finance (TradFi)
In traditional finance (TradFi), users must place a significant amount of trust in financial institutions. Banks, for example, hold customer funds, process payments, and issue loans, and customers must trust these institutions to operate fairly and securely. These systems are centralized, meaning a single authority, like a bank or government, controls them. For generations, this has been the norm, and while secure in many ways, it also brings risks such as institutional failures, corruption, and exclusion from services for unbanked populations.
DeFi, on the other hand, is built on trustless systems. Instead of trusting banks or payment processors, users trust the blockchain and smart contracts. These are automated programs that execute transactions only when specific conditions are met, and because they are run on a decentralized network, they cannot be tampered with by any single entity. This removes many of the vulnerabilities seen in TradFi, such as bank failures or unauthorized account freezes.
Example: A DeFi Lending Protocol
Let’s say you want to take out a loan in a traditional bank. You go through a lengthy process involving paperwork, credit checks, and the bank’s approval. In a DeFi protocol, you could simply put up some cryptocurrency as collateral, and the smart contract would automatically issue a loan to you in a different cryptocurrency, without needing a middleman or a credit check. The terms of repayment, interest, and other conditions would be encoded in the contract, which executes them automatically.
The Role of Trust in Centralized vs. Decentralized Finance
In centralized finance (CeFi), trust is a fundamental requirement. Users must trust that banks and financial institutions will safeguard their money, conduct transactions fairly, and manage risks appropriately. These institutions often operate under government regulations, providing a sense of security, but they are still subject to human error, mismanagement, or even malfeasance.
In decentralized finance, trust is minimized through the transparency and security of blockchain technology. Because all transactions and smart contract codes are visible on the blockchain, users can independently verify the system’s integrity. This transparency significantly reduces the need for trust in a central authority. Blockchain’s cryptographic security further ensures that transactions cannot be altered or forged.
The Risks of DeFi
While DeFi removes many of the risks associated with centralized intermediaries, it’s not without its own challenges. The early nature of DeFi technology means it still carries risks that users should be aware of:
Smart Contract Vulnerabilities: Smart contracts are only as good as their code. Bugs or exploits can lead to significant losses, as seen in several high-profile DeFi hacks.
Lack of Regulation: DeFi operates largely outside of traditional regulatory frameworks. While this offers freedom and flexibility, it also leaves users without legal recourse in the event of theft or fraud.
Scams and Bad Actors: The openness of DeFi allows anyone to create a decentralized application, which unfortunately includes scammers. Users must exercise caution and thoroughly research projects before investing or using their services.
Despite these risks, DeFi represents a transformative shift in how financial services can operate. It opens up a new world of possibilities for individuals who were previously excluded from the financial system, while also giving users more control over their own assets.
The Future of DeFi
As DeFi matures, many of the current risks will likely be mitigated through technological advances and better security practices. We can expect to see greater collaboration between DeFi and traditional financial systems, with the possibility of hybrid models that blend the best of both worlds.
DeFi is not just an innovation in finance; it’s a movement that seeks to fundamentally reshape the financial landscape. By leveraging blockchain technology, DeFi removes the need for centralized institutions, offering a more open, transparent, and secure financial system. While it still has growing pains, the potential for decentralized finance to revolutionize the way we interact with money is undeniable.
As we approach 2025, GalaChain is set to rise to the forefront as a premier decentralized, developer-first blockchain. Built on years of innovation custom crafted to meet the rapidly evolving demands of entertainment, GalaChain is poised to become the go-to platform for developers looking to craft the next generation of web3 applications. Because the GalaChain team has put such a strong emphasis on simplifying the development process, GalaChain is now an ideal solution for traditional devs without blockchain experience.
With major upgrades, enhanced tools and a push toward full decentralization, 2025 marks the perfect time for developers to jump into the GalaChain ecosystem and empower their own communities.
Why 2025 Is the Year of GalaChain
A Proven L1 Blockchain
After years of iteration and real-world testing, GalaChain has matured into a reliable and scalable Layer 1 blockchain that can handle complex, high-traffic applications. With its low gas fees, lightning-fast transactions, and eco-friendly approach, GalaChain is tailor-made for developers aiming to build robust decentralized applications (dApps).
GalaChain SDK and Documentation
In 2025, developers will have access to an even more streamlined and comprehensive GalaChain SDK, complete with extensive documentation. This powerful toolkit allows you to dive right into creating on GalaChain, simplifying the process of building smart contracts, managing nodes, and developing decentralized solutions across various industries.
GalaSwap and GalaConnect
First built as a decentralized exchange protocol within GalaChain that allows users to swap GalaChain tokens with each other, GalaSwap is evolving to become a one-stop hub for users and creators alike. Consistent upgrades have been coming in hot for several months as GalaSwap prepares to rebrand into GalaConnect, the ultimate wallet management solution for the GalaChain universe as it continues to rapidly grow.
Support from the Core GalaChain Team
Our GalaChain team is committed to pushing the boundaries of blockchain technology, offering unparalleled support to external developers. Whether you’re launching your first dApp or scaling a full ecosystem, we’ll be there to help guide your project to success.
The Gala Creators Portal
The enhanced Gala Creators Portal is your hub for blockchain innovation. This powerful platform allows you to create custom tokens, deploy custom node networks, manage complex distribution processes and more. It’s designed to make building on GalaChain simpler and more efficient, giving you the tools to turn your vision into reality.
Full Decentralization on the Horizon
2025 is a pivotal year for GalaChain’s journey toward decentralization. In partnership with LF Decentralized Trust, we’re implementing upgrades that push GalaChain closer to full decentralization. This will give developers more control over their projects, enabling greater security and innovation within the ecosystem. Learn more about GalaChain’s path to decentralization in the recently released Decentralization White Paper.
Why Developers Should Build on GalaChain in 2025
With GalaChain’s steady rise, 2025 offers developers the chance to be part of a rapidly growing ecosystem that prioritizes decentralization, scalability and ease of use. Whether you’re building the next groundbreaking dApp or migrating an existing project, GalaChain provides the perfect foundation to achieve your goals.
The decentralized future is within reach, and with a strong focus on empowering developers, GalaChain is set to be a driving force in shaping that future. We invite you to join us on this journey.
As we continue our journey toward decentralization and innovation with GalaChain, we are thrilled to announce that the majority of Founder’s Node licenses have now been successfully issued as GalaChain allowances.
However, we are aware that some Founder’s Nodes were bypassed during the initial script process. The GalaChain team is actively investigating the issue to ensure that all licenses are properly issued. Rest assured, we are working diligently to resolve this delay and we expect the remaining nodes to be added to GalaChain inventory soon.
In the meantime, we ask Founder’s Node operators to remain patient. If your node is not yet appearing in your GalaChain inventory, please know that it is being addressed. Importantly, this situation has no impact on the daily operations of Founder’s Nodes—distributions will continue as usual, and the node network is functioning normally.
We are proud of the overwhelming success of this tokenization transition, and many of you are already trading nodes on the secondary market via NFT Harbor. This is a testament to the empowerment and freedom that GalaChain offers, and we are excited about the future as we continue to lead the charge in revolutionizing the blockchain space.
Thank you for your continued support and patience. Together, we are building something groundbreaking.
