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.
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.
