by Gala Film | Dec 6, 2024 | Gala Film
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.
For more detailed information about $FILM and the Gala Film platform, please read the newly updated Gala Film Whitepaper.
How $FILM Transforms Gala Film
The $FILM token is your passport to an enriched entertainment experience. Here’s how you will be able to use it:
- Film Boosts: Support and amplify your favorite films, increasing their visibility and rewards.
- Community Power: Vote on and fund community-driven projects through our “Pitches” system, turning ideas into reality.
- Exclusive Content: Purchase collectibles like Moments, Mystery Boxes and Theater Nodes.
- Governance: Help shape the platform’s future with token-based decision-making.
Why $FILM Matters
The launch of $FILM isn’t just about a new token—it’s about empowering the entire film community:
- For Filmmakers: Maintain creative control, crowdfund projects directly through $FILM and reward loyal fans in unique new ways.
- For Fans: Play an active role in the films you love, from funding to viewing and sharing for a more enjoyable and immersive experience.
- For All: Join a decentralized entertainment ecosystem where your voice matters, elevating the quality of film entertainment in the web3 era.
Through $FILM, Gala Film is reshaping the industry, making it more inclusive, equitable and interactive.
Join the Movement
Ready to be part of the revolution? Here’s how you can get involved:
- Engage: Explore the Gala Film platform and see what $FILM can do.
- Participate: Support your favorite projects, collect Moments and gather rewards.
- Shape the Future: Discover how Theater Nodes and $FILM give you a say in the platform’s evolution.
Let’s redefine film together. The $FILM era begins today. Join us at Gala Film and claim your role in the future of entertainment.
Gala Film
Read the Whitepaper
by Gala Film | Dec 6, 2024 | Gala Film
The future of entertainment is here.🎬
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 $FILM Token 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.
Read the new Whitepaper
A Mission to Disrupt and Empower
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.
Ready to dive in? Visit Gala Film to learn more.
Read the new Whitepaper
by Gala Film | Dec 2, 2024 | Gala Film
The film industry stands at a technological crossroads, its potential shackled by outdated distribution systems and centralized control.
Gala Film is leading a cinematic revolution, leveraging blockchain technology and decentralized infrastructure to dismantle these barriers. As we approach the December 5th Token Generation Event (TGE) for $FILM, let’s explore how Gala Film’s Decentralized Content Delivery Network (DCDN), powered by Theater Nodes, addresses longstanding inefficiencies in the entertainment world and empowers creators and viewers alike.
So What’s Wrong with Traditional Content Delivery?
In traditional film and streaming systems, centralized servers are the gatekeepers of content. This model is not without its flaws:
Single Points of Failure: Centralized servers are vulnerable to outages, cyberattacks and bandwidth limitations, which can disrupt content access on a global scale, leading to a poor user experience.
High Distribution Costs: Content creators face exorbitant fees from middlemen who control the dissemination of their work, reducing the share of profits for filmmakers and often negatively impacting creativity.
Lack of Audience Engagement: Viewers often play a passive role, disconnected from the creative process or financial success of the films they love.
Inefficiencies like these ultimately stifle innovation, leaving creators dependent on platforms that prioritize profit over artistic freedom and user experience. As you can imagine, a system like this leads to a grayscale world of creativity, but we want to empower filmmakers to create in vibrant and vivid full color.
Decentralized Content Delivery is Here
Gala Film’s DCDN offers a transformative alternative, changing the way that content is both managed and consumed through the power of GalaChain.
Resilience and Scalability: Content is stored and distributed across a decentralized network (Gala Film Theater Nodes), virtually eliminating single points of failure. Each node contributes bandwidth and computing power, ensuring uninterrupted streaming experiences globally and rewarding community operators for their contributions.
Empowering Creators: By removing intermediaries, filmmakers can distribute their content directly to audiences, retaining creative control and earning a fairer share of revenues in the long run. Without middlemen whose concerns are exclusively profit oriented, filmmakers will have the freedom to creatively thrive as their visions come to life.
Community-Driven Engagement: Viewers can operate Theater Nodes to collect $FILM rewards while participating in the ecosystem. This involvement has the potential to turn audiences into stakeholders, deepening their connection to the content and giving them an active interest in its success on the platform.
The Role of Theater Nodes in Gala Film’s Ecosystem
Theater Nodes are the backbone of Gala Film’s decentralized infrastructure, just like GalaChain Founder’s Nodes are the backbone of the greater GalaChain ecosystem. These specialized nodes:
Host and Stream Content: Instead of relying on centralized servers, content is stored in shards across multiple nodes and delivered directly to consumers exactly when it is needed. This ensures efficient and secure content delivery.
Reward Contributors: Node operators collect $FILM tokens in exchange for their contributions, incentivizing network growth and a sustainable economy.
Support Decentralized Governance: Operators will ultimately participate in platform governance, voting on technical standards, fee structures, ecosystem improvements and more.
Redefining Entertainment with Decentralization
Gala Film’s decentralized model offers solutions with the potential to redefine the entire entertainment landscape:
Democratizing Content Creation: Filmmakers will have the ability to seek community funding for their projects directly through $FILM-based initiatives like Gala Film’s Pitches, allowing creators to bypass traditional funding barriers, which stand in the way of aspiring filmmakers all too often.
Ownership and Rewards: Fans can own NFT Moments—digital collectibles tied to their favorite films—that yield rewards based on the success of those productions, creating a shared stake in the content’s impact.
Global Accessibility: By decentralizing storage and distribution, Gala Film ensures that audiences worldwide can access content without regional restrictions or interruptions.
A Vision for the Future
With its DCDN, Gala Film embodies the principles of Web3—decentralization, transparency and community ownership.
As the Gala Film platform grows, its commitment to empowering creators and audiences will drive the democratization of cinema. The December 5th TGE marks a pivotal moment in this journey, issuing $FILM for all previously held POPCORN! And POPCORN Bucket rewards, inviting everyone to be a part of this revolution.
Join us as we redefine cinema for the digital age. Host a Theater Node, collect NFT Moments, and participate in shaping a decentralized future where every view and every voice matters. Together, we’ll create a resilient, people-powered entertainment ecosystem where creativity knows no bounds.
Ready to dive in? Visit Gala Film to learn more and start your journey in the next era of entertainment.
Very soon, an updated Gala Film Whitepaper will be released with the latest details about the $FILM TGE, platform tokenomics and more. Stay tuned for this new Whitepaper release before the December 5th TGE.
by Gala Film | Nov 27, 2024 | Gala Film
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.
$GALA and GalaChain
$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 channel built 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.
via GIPHY
Distribution of $FILM
$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.
$FILM and POPCORN!
via GIPHY
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.
by Gala Film | Nov 14, 2024 | Gala Film
The coming attractions are nearly over, and it’s almost time for your Feature Presentation.
Gala Film has rewritten the playbook for the web3 era, building a free platform that enhances the watching experience for fans while empowering filmmakers to create anything their imagination can manage.
Gala Film’s revolutionary plan is fueled by a single upcoming GalaChain token: $FILM. And we’re pleased to announce that an official date has been slated for its release.
$FILM is coming on December 5th, 2024.
What is $FILM
Gala Film is an ecosystem built on the web3 infrastructure of GalaChain, a blockchain built specifically to meet the fast-paced demands of entertainment industries like Games, Music and Film. As a dedicated GalaChain network, Gala Film’s vision centers around $FILM, the platform’s official reward and utility token.
$FILM will be:
- Collected as a reward for multiple levels of participation.
- Used to boost promising projects and unlock exclusives.
- Harnessed to fund a future of decentralized video content and usher a new creative era.
But that is only the beginning of the story. Keep watching.
Doing More with Film
What if you could do more than just watch your favorite films and series. What if you could own pieces of them, powering the experience for viewers just like you and collecting tangible rewards in the process. The ad-free viewing platform of the future is powered by users within the decentralized network.
Participation is its own reward, especially when you don’t even have to buy a ticket to enjoy the show. But for those who want to take their film experience to the next level, it goes far beyond simply participating.
- Watch and Unlock
Gala Film content is free to watch for all viewers. By enjoying new episodes and movies, fans can sometimes collect special rewards like Mystery Boxes, which contain shards that when collected and combined, unlock exclusive content they won’t find anywhere else. Instead of making you pay to watch, we’re giving you something they can treasure.
- Own and Collect
Fans of specific Gala Film projects can support those projects directly by becoming a Moment owner. Moments are Gala Film NFTs, unique tokens that can be collected, transferred or exchanged on secondary markets. When you own a Gala Film Moment NFT, you collect a share of that content’s generated $FILM rewards each day based on its platform success.
- Power the Network
By owning and operating a Gala Film Theater Node, community members can become producers, powering the decentralized network that delivers content and works behind the scenes of the platform’s complex web3 ecosystem.
Anyone with a computer and a good internet connection can become a licensed operator of a Theater Node. Ultimately as GalaChain moves toward full decentralization, Theater Node operators will have the option to tokenize their Theater Node licenses, making it possible for operators to transfer and exchange those tokens on secondary markets.
- Create Something Extraordinary
The empowerment of creators lives at the core of everything web3 can do for the film industry. Where film funding and filmmaking have always been notoriously difficult to “break into,” GalaChain is flipping the script by making it possible for anyone with a vision to make their creative dreams come true. You’ll love Pitches, made possible by $FILM.
Keep the POPCORN! Coming
Throughout 2024, POPCORN! Has been collected as the official placeholder token for $FILM. With the $FILM TGE (Token Generation Event) on December 5th, the Gala Film community will finally have the ability to convert their collected POPCORN! and POPCORN! Buckets into the new token at a fixed rate.
Look for more details about this conversion process as the TGE draws nearer in the Gala Film Discord community, blog and social media channels.
We hope you’re as excited as we are for the future of Gala Film and its new reward and utility token.
$FILM is coming on December 5th, 2024.
by Gala Film | Sep 6, 2024 | Gala Film
The heart-pounding and adrenaline pumping fourth episode of the anime horror action series, Ghosts of Ruin, opens in the tranquil neural reality landscape of Ruin with a terrifying monster, real pain, and a bug that won’t let the members of Team Risen log out. In a frightening twist that raises the stakes to unimaginable new heights, the game has just become shockingly real.
Watch “Run” now, the 4th episode of Ghosts of Ruin, exclusively on Gala Film.
Catch Up
If you aren’t up to speed on the developing GoR saga, don’t miss out. Watch all 4 episodes in the limited run 100% free now, only on Gala Film.
With our unique system of Mystery Boxes, every episode is a new chance to unlock additional Expansion content or win limited edition prizes.
Own the Moments
Collect NFT Moments from the series by opening Moment Packs. Ownership of NFT Moments unlocks daily POPCORN! rewards, which will later be redeemable for $FILM, the upcoming official Gala Film ecosystem token. Owning NFT Moments is a unique way to support your favorite Gala Film projects and share in their success, generating rewards each day based on the platform plays of that content. The more plays, the more rewards.
Get Moment Packs now in the Gala Film store
Power the Network with a Theater Node
Interested in unlocking even more rewards by contributing computing power to the Gala Film DePIN? This is where Theater Nodes come in, delivering on-demand Gala Film content through a state of the art digital content distribution network (DCDN). By purchasing a license to operate one of these Nodes, you’ll share in hosting rewards for the entire platform and more.
Buy a Gala Film Theater Node
For the latest news about the future of this amazing anime series, follow @GhostsofRuinTV on X!
