by GalaChain | Dec 9, 2024 | Blockchain Adoption News, GalaChain
It’s springtime for web3, with new applications and projects budding with new levels of innovation and user empowerment. As we all look forward to the summer of mass adoption with its long days and nonstop memorable events, there’s one crucial spring cleaning chore that blockchain creators need to take care of.
It’s still too hard for newcomers to build in web3.
The GalaChain team’s primary focus throughout 2024 has been solving this problem, because we recognize that lowering web3 barriers for developers is one of the most important pieces of the mass adoption puzzle.
Throughout the past several years, blockchain companies have bent over backwards for investors, speculators and the social media influencers who could shout loudest. It’s high time these solutions were customized for the ones who will really carry this movement forward… The builders.
Building for Builders
You can make a good living as a house builder. After all, lots of people need houses. The population is always growing, and houses wear out as time goes by. If you’re good at building houses and you keep your promises to clients, it’s reasonable to expect a steady stream of jobs that will keep you busy.
As an exceptionally skilled builder, you’re likely to reach a point where you need to hire a team to help keep up with demand as new jobs come in. As your business grows, you’ll continue to scale, adding new positions and specialists to do certain parts of the job more efficiently so you can keep accepting more jobs. Eventually you’ll even be sub-contracting a lot of the work, hiring additional work crews to accomplish things that don’t necessarily require your personal touch.
As you achieve tremendous success in the home-building industry, you may find yourself running a business that employs dozens or even hundreds of workers, bringing in more than enough money and always managing a full workload. Enjoy it, builder champion. Many would say you’ve reached the apex of your game.
But there’s always room to innovate and continue to grow in places you may not expect. When the builder’s time and energy is tapped out, it’s time to think even more about efficiency.
As a smart and successful builder, you begin to imagine not only projects, but systems with the potential to make projects easier for other builders. You may invent and patent a new type of machinery that will maximize time and manpower on a specific type of project, then use profits from your successful contracting business to produce and market your product on an international and commercial scale. Or you may develop systems that can be reproduced for certain types of jobs, expressing your ideas in a book and compounding your income with book sales.
The master builder will reap the greatest rewards from building systems that help builders build better.
GalaChain and Innovation
While Gala Games’ layer-1 blockchain, GalaChain, was built specifically for the demands of entertainment, it was never intended to be limited to entertainment use-cases. The vision may have started with games, but entertainment was chosen because of its tendency to adhere closely to the latest and most cutting edge standards in technology. Simply put, building for entertainment meant building for anything.
The team behind GalaChain believes in the power of blockchain to revolutionize numerous world industries, from supply chains and medical infrastructure to gaming, insurance, conservation, disaster relief and almost anything else you could think of. When they used Hyperledger Fabric to build GalaChain with a vision of decentralization, they were imagining world-changing applications that could empower creators, investors, business owners and philanthropists.
GalaChain presents an ideal and versatile blockchain infrastructure that can strategically insert ownership and tokenization to level up any type of project. A truly decentralized chain with privately operated channels (isochans) makes it possible for builders to do what they do best. The Typescript-enabled GalaChain SDK makes it more reasonable than ever before for traditional developers to make the transition from web2 to web3.
Builders: We built GalaChain for you. Ready to build on it?
Learn more about building on GalaChain
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 GalaChain | Dec 5, 2024 | Blockchain Adoption News, GalaChain
On the evening of Wednesday, December 4th, the value of a single Bitcoin surpassed $100,000.
The world watches in wonder as its original cryptocurrency surpasses an historic milestone, taking a moment to reflect on the journey of decentralization that began with the publication of Satoshi Nakamoto’s white paper in 2008.
This landmark is about much more than price. Representing a powerful populist movement that has spread throughout the world, this achievement goes beyond speculation and opportunity to symbolize the adoption of blockchain technology, a technology that continues to reshape finance and beyond.
At GalaChain, we see this milestone as a pivotal moment for the web3 space, affirming our mission to empower creators and communities worldwide. We join the rest of the blockchain world today in celebrating a most memorable day for Bitcoin, more than 16 years after its revolutionary vision.
Bitcoin’s Journey: Pioneering Decentralized Finance
Bitcoin’s rise from obscurity to a global phenomenon has been marked by many significant milestones:
2009 – Genesis Block: The first block was mined, introducing the world to blockchain technology.
2010 – First Transaction: Bitcoin’s first commercial transaction—two pizzas for 10,000 BTC—illustrated its potential as a medium of exchange.
2013 – $1,000 Milestone: Bitcoin crossed $1,000 for the first time, gaining recognition as a store of value.
2017 – $20,000 Peak: Bitcoin hit $20,000, solidifying its position as “digital gold.”
2021 – $64,000 Surge: Institutions began adopting Bitcoin, and El Salvador declared it legal tender.
2024 – $100,000 Achieved: The culmination of growing acceptance, technological development, and collective belief in decentralization.
Each of these moments signifies a step forward in Bitcoin’s role as a decentralized, peer-to-peer currency. Bitcoin’s rise tells a story about technology, finance and society. Started as a solution to an outdated financial model that put too much control in the hands of mega-corporations and banks, it has evolved into a powerful grassroots movement destined to return financial control and freedom to people everywhere.
Web3 and Bitcoin: The Broader Vision
Bitcoin’s success has opened the door for innovations like GalaChain, many of whom have spent over a decade building on Satoshi’s decentralized vision. While Bitcoin has pioneered the idea of decentralized finance, projects like GalaChain are building more broadly, bringing blockchain into industries like gaming, entertainment and beyond.
GalaChain is a foundation for creators to thrive in any number of world industries, bringing product features into alignment with the latest and greatest web3 technology.
As we have pioneered further into the web3 era, the user-empowering functions of blockchain have consistently become more accessible and easier to build on. Using GalaChain, traditional developers gain tools to bring their visions to life with scalability, efficiency and decentralization, without requiring them to become experts in blockchain development.
GalaChain SDK
GalaChain Creators Portal
GalaChain: Innovating Beyond the Bitcoin Standard
Bitcoin taught the world that decentralization works. GalaChain shows what’s possible when decentralization meets innovation.
- High Performance: Built on Hyperledger Fabric, GalaChain delivers the scalability to handle high transaction volumes across diverse use cases.
- Empowering Creators: With an easy-to-use SDK, robust security and low-cost transactions, GalaChain supports creators in building decentralized experiences.
- Community-Driven Evolution: GalaChain is progressing toward greater decentralization, reflecting our commitment to empowering not just creators but also our community.
The Role of Community: A Celebration for All
We extend heartfelt gratitude to the growing GalaChain community – not only those who have been with us through this journey, but newcomers who are eager to learn and join in this movement. Your passion, creativity and belief in decentralization fuel everything we do.
This milestone for Bitcoin is a milestone for all of us working to build a decentralized world.
Let’s celebrate how far we’ve come—and look forward to what lies ahead. The world is waking up to the power of blockchain, and we’re proud to be a part of this revolution.
Join Us
As we honor this milestone, we invite you to explore what GalaChain can do for you. Whether you’re a developer, a gamer or CEO, there’s a place for you in our creator-first ecosystem.
This moment is about more than Bitcoin’s price—it’s a testament to what blockchain can achieve. Together, we’re shaping a decentralized future.
Play Gala Games
Discover Gala Music
Watch Gala Film
Mange your wallet on GalaConnect
by Gala Games | Nov 27, 2024 | Gala Games
The community has spoken… Epic Gala Sweepstakes is a hit! Throughout the GalaChain ecosystem, players are taking advantage of the new $GALA incentive, collecting tickets and entering to win!!
The first historic prize drawing happened just a couple hours ago, at 12pm PT… $GALA prizes have been distributed to the winners and we’re already gearing up for the next big prize drawing, on Wednesday, December 4th, 2024.
Play Epic Gala Sweepstakes
Important Update About Tickets
Gala Games has the best community in web3– we love digesting and responding to community feedback. We also LOVE adding new layers of strategy and gamification wherever we can, so we’re thrilled to announce the latest new development to Epic Gala Sweepstakes…
YOUR FREE TICKETS NO LONGER EXPIRE.
The original plan was to require all outstanding tickets to be activated by the time of the drawing or become useless… the Use-it-or-lose-it approach. But based on community feedback we started exploring the possibilities of allowing users to hold their tickets as long as they want.
It was quickly decided that removing the expiration from your free tickets will give you greater freedom to strategize about when and how to activate your tickets, enhancing the fun and leveling up the experience.
So get out there and collect your tickets through qualifying actions on GalaChain (enter free through the mail-in option described in the Terms & Conditions, or collect a free ticket for every 100 $GALA you get burned . Keep watching the prize pot grow and jump in as soon as you’re feeling lucky!!
Play Epic Gala Sweepstakes
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.
