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.
