We’re well into the web3 era now, and blockchain technology has evolved far beyond Bitcoin. As millions and millions of people throughout the world are discovering blockchain for the first time, serious industry creators are now shifting goals.
Let’s explore this new outlook of blockchain development that can best benefit creators with new opportunities and more flexibility than ever before.
Here are the Top 5 ways to support creators in the web3 economy.
Build Accessible Onboarding Tools
One of the biggest barriers for creators entering the Web3 space is the steep learning curve of blockchain technology. For several years, this has been a contentious point between defenders and critics of blockchain technology. Interestingly enough, critics and fans tend to agree that one of the leading obstacles for web3 is its unfortunate lack of accessibility.
GalaChain is leading the charge with an unparalleled developer-friendly ecosystem that was created with developer ease-of-access in mind. GalaChain’s creators recognized that empowering developers was the way to ensure that end users are effectively empowered.
Through integration of the TypeScript programming language used in a wide range of traditional dev words, GalaChain gracefully reduces friction for developers transitioning from traditional Web2 tools. Paired with an SDK that includes prebuilt templates and robust documentation, creators can hit the ground running with minimal delay, even with seemingly complex projects like dedicated node networks, token reward infrastructures and more.
Prioritize Scalability Without Sacrificing Speed
Creators thrive in environments where their projects can grow without fear of technical bottlenecks. GalaChain is designed to handle high transaction volumes, ensuring that even the most data-intensive applications can operate seamlessly. Even in its early days, GalaChain has demonstrated this through its own web3 entertainment platforms of Gala Games, Gala Music and Gala Film.
Created on Hyperledger Fabric, GalaChain is a relatively simple and scalable blockchain solution for developers from any industry for a variety of applications. Its ability to maintain high transactional throughput levels provides the scalability necessary for creators to innovate without limits.
Enable Decentralized Ownership
Empowering creators often means giving them more control over their creations. With GalaChain’s decentralization roadmap (outlined in the GalaChain Decentralization White Paper, the platform is enhancing ownership through new features like upgraded governance capabilities and decentralized community input.
The integration of GalaChain’s existing Founder’s Node network into the consensus process will further democratize the ecosystem while maintaining security and performance. Setting GalaChain apart in the blockchain space is its ability for creators to run permissioned channels that are part of the GalaChain ecosystem. These channels operate like privately owned cars on the GalaChain train, using the power of GalaChain to get where they’re going while under total and sole control of the creators that operate them.
Create Low-Cost Ecosystems
High gas fees have been a major hurdle for creators in blockchain ecosystems. GalaChain addresses this by delivering near-zero transaction costs. This makes it feasible for creators to monetize their work efficiently, whether through minting NFTs, building dApps or processing micropayments. By making blockchain adoption affordable, GalaChain ensures creators retain more value from their work.
$GALA is burned for transactional fees throughout the ecosystem, but channel operators will ultimately be in control of their own channel fee structures.
Foster Interoperability
Creators often find themselves limited by isolated blockchain systems with little opportunity to interact with other blockchains. GalaChain breaks these barriers with built-in interoperability features, allowing creators to bridge assets and projects across multiple blockchain networks. This interconnected approach is designed to expand the reach and flexibility of Web3 projects while keeping creators in control.
The creators of GalaChain have always recognized the need for interoperability in web3 for mass adoption to take hold. While creators and pioneers in blockchain tech have been working heads-down to build systems that work, the ones that create a sense of unity throughout the space will reap the greatest rewards. GalaChain is working toward interoperability that will give users and developers more freedom than ever before.
Creator-First Economy of Innovation
The Web3 economy is unlocking new horizons for creators and ecosystems like GalaChain are at the forefront of this transformation. By offering tools, infrastructure and scalability tailored to creators’ needs, GalaChain is making it easier than ever to embrace the decentralized revolution. As we continue to innovate and grow, creators can trust GalaChain to remain a steadfast partner in their Web3 journey.
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.
We are thrilled to announce the launch of our GalaChain TestNet, a significant milestone in our journey towards becoming an open-source blockchain. This new public testing environment allows external developers to deploy, test and refine their chaincode without any real-world consequences.
With more freedom to experiment with chain code, developers will enjoy a GalaChain environment that helps them realize their full potential in the web3 world, whether or not they have blockchain development experience. We want to elevate the work of veteran blockchain developers while ensuring that the first-time experience for new devs from the traditional web2 world is a good one.
What is a TestNet?
For those unfamiliar with blockchain terminology, a TestNet is essentially a sandbox environment where developers can experiment with new features and applications. It operates just like the real blockchain (known as the MainNet) but uses test tokens instead of real cryptocurrency. This allows developers to test and debug their projects in a safe space, ensuring everything works perfectly before going live on the MainNet.
In a future blog from our web3 explainer series, we’ll delve more deeply into TestNets, exploring their importance and providing some examples of testnets in action in the web3 world.
Accessing the TestNet
Are you ready to start building using the GalaChain TestNet? Get started through Gala Creators, following the steps below:
Deployment Chaincode from Docker Containers: Developers can now deploy their chaincode from Docker containers to the TestNet environment, enabling seamless integration and testing of applications.
Comprehensive API Access: Users can call the REST API to interact with their chaincode, ensuring full functionality and integration with existing systems.
Redeployment Capabilities: If a deployment fails, users can redeploy their chaincode effortlessly by passing the chaincode name in the command line, streamlining the testing process.
Chaincode Approval and Verification: To ensure security and integrity, chaincode deployment requires approval from GalaChain support, including Docker Image Tag and public keys for both the developer and the chaincode admin.
Accessible Testing Environment: The TestNet environment is designed to be user-friendly, with step-by-step guides to assist developers through the deployment process.
This TestNet launch is a crucial step in preparing GalaChain for a broader influx of external developers. By providing a secure and isolated environment for testing, we are fostering an ecosystem of innovation, enabling developers to create and refine applications that will power the decentralized future.
Why This Matters
The launch of the TestNet is more than a technical milestone; it’s a demonstration of our commitment to building an open and collaborative blockchain ecosystem that goes beyond entertainment into multiple world industries. GalaChain will empower countless developers to experiment and innovate freely, laying the groundwork for the robust applications that will define the next era of decentralized technology.
Join the Revolution
As we continue to expand and refine GalaChain, we invite developers from around the world to join us in this exciting journey.
Whether you’re an experienced developer looking to explore the new possibilities that come with web3, an visionary with an idea ready to change the world when paired with the right technology or an entrepreneur sitting on the next big wave in tech business, we want you to build on GalaChain.
Your creativity and ingenuity are the keys to unlocking the full potential of blockchain technology. Together, we will shape the future of digital interactions to create a more inclusive and decentralized world.
We look forward to seeing the innovative projects that will emerge and thrive from the release of this TestNet. Thank you for being part of the Gala community and for your continued support.
As we continue to unveil the panel of judges for the GalaChain Hackathon at GDC 2024, we are honored to introduce Moshe Shen – the Business Development and Partnership Director at Wintermute!
Wintermute is a leading global algorithmic trading firm and liquidity provider in digital assets. Moshe is in charge of expanding Wintermute’s footprint in Asia, where the demand for digital assets is rapidly increasing. We’re thrilled to have him as part of the judging team for the GalaChain Hackathon!
Moshe Shen: A Decade of Experience in Capital Markets with a Focus on Growth
With a solid decade of experience in financial markets and derivatives, Moshe has a deep understanding of the cryptocurrency ecosystem and the specific needs of its various participants. At Wintermute, Moshe focuses on regional growth across liquidity provision, OTC trading, and venture investments in Web3 projects, leveraging his expertise in both centralized and decentralized finance.
A Unique Lens on Innovation
Moshe’s expertise in liquidity provision and digital asset market structure offers a unique perspective on the potential applications of any new blockchain technology. His role requires a keen understanding of market dynamics, market sociology and the technological underpinnings that facilitate efficient digital transactions. This background makes him an ideal judge to view GalaChain Hackathon entries through a unique lens – one that values technical sophistication, market impact, and innovation in digital finance.
What Moshe Looks for in a Winning Entry
Given Moshe’s focus on market efficiency and liquidity, it’s likely that he’s looking out for projects that:
Enhance Market Infrastructure: Projects that aim to improve the underlying infrastructure of digital markets will stand out. Innovations that improve trading efficiency, or present effective liquidity solutions are all very close to home for Moshe.
Offer scalable infrastructure: Moshe is likely to be drawn to projects demonstrating the ability to grow and adapt to the changing needs of the market, ensuring consistent and equitable access for all participants.
Innovate in Financial Technologies: Moshe will potentially gravitate toward projects that push the boundaries of financial technology – especially those that leverage GalaChain to introduce new financial instruments or trading mechanisms.
The Future of Digital Markets with Moshe Shen
Moshe’s participation as a judge underscores the GalaChain Hackathon’s commitment to pioneering advancements in web3 and digital markets. His deep understanding of financial markets and technical aspects of algorithmic trading should guide participants toward creating projects that are not just innovative but also pragmatic and impactful to the future of digital assets.
As we gear up for this groundbreaking event, let Moshe’s contributions to the world of digital finance inspire you to envision new possibilities for blockchain technology.
This hackathon is not just a competition… it can easily be a launchpad for the next generation of financial technologies that harness the power of GalaChain! What will you build?
