As we continue to pioneer into the new web3 world’s uncharted territories, Gala always acknowledges one of the most important truths of blockchain innovation: We are all stronger together.
We first built GalaChain for entertainment with Gala Games, Gala Music and Gala Film. These rapidly evolving and technologically demanding sectors gave us the freedom to build a L1 that could scale far beyond entertainment into countless world industries, empowering their users with the benefits of web3 tech. Through the open-source offering of the GalaChain SDK, we’ve enabled the next generation of developers to build on the most speedy, scalable and secure blockchain around.
Digital Dreamland
Gala is not only participating in but also sponsoring the NFT and GameFi festival in Thailand, Digital Dreamland, set to take place on April 25, 2024.
Digital Dreamland, a converging point during both MONEY20/20 and SEA Blockchain Week, is one of the largest SEABW related events, with hundreds of confirmed guests whose lives and careers are making waves in web3. Gala is excited to be represented at this exclusive industry event that will gather some of blockchain’s top minds for a promising day of collaboration and innovation.
The Premier NFT & GameFi Thailand Festival: Welcome to DigitalDreamland on 25 April. 📷 Location: Zilla Space, FYI Center Building 2 Floor 11 📷 Date: 25 April 2024 📷 Registration: https://t.co/ZI0zNMXQ9F 📷 Time: 10:30 AM – 6:00 PM (BKK Time)
President of Blockchain Jason Brink will be speaking and attending the event.
Attendance of Digital Dreamland is subject to admin approval, but if you’re interested in registering, you can do so here. If you’ll be attending SEA Blockchain Week, you’ll find a thorough list of SEABW side events here.
Hi-Powered Blockchain Networking
Digital Dreamland is where the future of digital ownership and interactive entertainment unfolds. The Gala team is looking forward to networking at the velocity of web3 with a diverse crowd encompassing NFT creators, collectors, game influencers, builders, investors and entrepreneurs.
The Latest in Web3 Innovations
With the way web3 has been embraced by many Southeast Asian countries, we expect this event to give us a powerful bird’s eye view of the latest ideas that are shaping the landscape of NFTs and GameFi. With top-tier showcases and sessions led by industry leaders, guests will learn about the latest innovations and how they’re revolutionizing the industry. Our participation highlights Gala’s commitment to pushing the boundaries of blockchain and entertainment technology.
Engaging and Impactful Discussions
Panel discussions at Digital Dreamland will cover a range of topics, from investment trends in NFTs and GameFi to the state of blockchain in Thailand and the evolving ecosystems of blockchain layers. These types of discussions are designed to provide deep insights and foster conversations that matter, often leading to the next breakthrough for ecosystems and communities such as Gala.
Event Details
Location: Zilla Space, FYI Center Building 2 Floor 11
Gala Music is thrilled to announce the Signature Edition NFT track debut of acclaimed rapper Kxng Crooked.
Dominick Antron Wickliffe, better known as Kxng Crooked (formerly Crooked I), is an American rapper from Long Beach, California. As a former member of the hip-hop supergroup Slaughterhouse, Kxng Crooked has carved out a formidable solo career, making significant waves in the music industry. He is the CEO of his own record labels, Dynasty Entertainment and C.O.B. Digital, and a seasoned figure in the music business.
“Teddy” featuring 80 Empire drops on Wednesday, April 24th, marking Kxng Crooked’s inaugural venture into the web3 music space with Gala Music. This track showcases his lyrical prowess and unique style, further enriched by the collaborative flair of 80 Empire. “Teddy” is expected to resonate strongly with fans and newcomers alike, adding an exciting new layer to Kxng Crooked’s impressive discography.
Fans of Kxng Crooked can look forward to more than just streaming. By owning the Signature Edition of “Teddy” on Gala Music, they not only support the artist directly but also become eligible for daily $MUSIC rewards through our Jukebox Node system. When the NFT track is paired with an active Jukebox Node, both owner and node operator receive daily $MUSIC rewards. All Signature Editions are limited to only 100 copies, providing fans a rare piece of musical artistry to own.
Don’t miss out on this landmark release. Listen to “Teddy” by Kxng Crooked now and explore the future of music distribution and artist empowerment with Gala Music.
Artists: Did you know…
It’s easier than ever to become a Gala Music artist and start dropping NFT tracks.
The new Artist Upload portal allows you to schedule and manage your drops on your own terms.
The All Access store lets you connect with your listeners in unique and creative ways.
Gala Music artists get a massively generous 70% revenue share.
Gala Music has already paid out over $6 million to artists.
Whether you’re an artist with web3 monetization dreams or a fan with a keen ear for the latest sounds, Gala Music is the place for you.
We are thrilled to announce a new strategic partnership with Footprint Analytics, a leading provider in blockchain data solutions. This collaboration is set to enhance GalaChain‘s infrastructure by integrating Footprint’s advanced data analytics capabilities to enrich the GalaChain ecosystem across multiple industries like gaming, entertainment and finance.
Empowering Innovation with Enhanced Data Insights
At Gala, we are committed to empowering creators and businesses by providing robust, efficient, and innovative blockchain solutions. We are committed to going above and beyond the capabilities and conveniences of previous blockchains to make it easier than ever for enterprising developers from major world industries to experience and share blockchain benefits with the world.
Our partnership with Footprint Analytics will bring their cutting-edge AI-driven analytics tools and multi-chain data APIs to GalaChain. This integration is expected to unlock new dimensions of data insights and actionable intelligence that will help GalaChain developers drive their projects forward.
GalaChain, with its unparalleled speed, scalability and security, aligns perfectly with Footprint Analytics’ mission to turn complex blockchain data into insightful and accessible visualizations. Together, we hope to redefine the standards of blockchain efficiency and versatility, providing a solid foundation for innovation in various domains.
Enhancing Developer Tools and Application Performance
The synergy between GalaChain and Footprint Analytics extends to application performance monitoring, with optimization tools that are essential for developers looking to streamline their development lifecycles. By providing these critical tools, we ensure that the blockchain not only supports their needs but also enhances their ability to innovate as we continue to grow.
A Shared Vision for the Future
Tony Zhang, co-founder of Footprint Analytics, expressed his enthusiasm about the partnership, stating, “Our collaboration with GalaChain marks a pivotal moment in enhancing blockchain infrastructure. We’re excited to merge our visions and innovate where data and technology meet, opening doors to endless opportunities.”
About Footprint Analytics
Footprint Analytics is a blockchain data solutions provider that leverages AI technology to help analysts, builders, and investors transform complex blockchain data into valuable insights. They offer visualization tools and a powerful multi-chain API that spans over 20 chains, covering sectors like NFTs, GameFi, and DeFi.
This partnership represents a significant step forward in our journey to revolutionize web3, making it more accessible, efficient and valuable for all our users, no matter their industry. We look forward to exploring this new era of data-driven development together with Footprint Analytics and our own community.
Meet King Quan, the fresh force from Baltimore’s McCulloh Home Projects, as he debuts his first Gala Music NFT track, “Yung N Turnt,” tomorrow, April 23rd. This track is a celebration of youthful vigor and the thrill of the hustle, embodying King Quan’s journey from the gritty streets to glamorous highs.
“Yung N Turnt” is wrapped in hard-hitting beats and lyrics that resonate with anyone chasing their dreams. With only 100 Signature Edition copies available, this track offers the greatest possible multiplier to your daily $MUSIC rewards when you pair it with an active Gala Music Jukebox Node. $MUSIC allocation per track is based on platform plays for the day, so this is your chance to share in the success of King Quan’s debut.
Are you ready to get turnt with King Quan? Dive into “Yung N Turnt” and feel the pulse of relentless aspiration and unapologetic joy. This is your soundtrack for celebration – loud, proud, and fiercely authentic. Listen now and join King Quan in his ascent to stardom, only on Gala Music.
Whether they’re new to the scene or worldwide phenoms, when you support artists on Gala Music, you’re helping build the future of the industry. Through the power and scalability of GalaChain, we’re paving the way for a world where musicians experience the success they deserve and fans share in that success.
With the new Artist Upload portal, it’s easier than ever to become a Gala Music artist, from uploading tracks and videos to scheduling and managing sales independently. With a 70% rev share for artists and a low entry barrier, Gala Music is empowering artists around the world.
All Access Store
Have you seen the latest experiences in the All Access Store? These limited supply items take you deeper into the artistry of your Gala Music favorites. We’ve got new “Voir Dire” experiences from Earl Sweatshirt, vinyl from September Mourning, unique collectibles from Marty Grimes, studio sessions with S2art and much more. Check ‘em out. They’re an awesome way for a superfan to use their $MUSIC.
When you get change back at the grocery store, do you tell them to hang onto it until next time? No! You put that money in your wallet where you can ensure that your property stays protected. This is the exact same in the world of blockchain. Your wallet allows you to safely store digital items like currencies and NFTs in a private place where you always have control over your property.
Welcome to our 3rd installment of The Guardian Papers – the series where we discuss how best to defend yourself from threats in the digital frontier of blockchain technology.
The revolutionary concepts of blockchain have the potential to create a better world and offer new and exciting opportunities for all its early pioneers. Just as opportunities exist for those noble individuals who champion this fledgling community, however, the villains that lurk in the shadows will also capitalize on weaknesses whenever they can.
The best defense for all of us against the thieves, scammers and general malcontents in this space is to propagate the knowledge and skills that can empower our entire community to feel empowered to defend themselves. Then we can look out for each other, serving as sentinels against all threats that may harm any citizen of the digital world.
What is a Blockchain Wallet?
The idea of a wallet seems simple enough. It’s the place where you put your money. There are certainly nuances that should go into a more formal definition, but that function is consistent with any wallet– from that leather tri-fold in your pocket to that slick hardware wallet that protects your valuable coins, tokens and NFTs.
Unlike those scraps of paper and shiny bits that people may put in a traditional wallet, however, in the crypto world your digital assets exist on the blockchain and can’t be folded up and taken with you. The blockchain itself records the history and protects the security of your transactions, and a wallet gives you your own private parking spot on the chain itself.
A place to put your stuff on the blockchain only fills half the purpose of your wallet though. As we’ve previously discussed in regards to private keys, you need your keys to be able access your assets. What good is a wallet that doesn’t open, no matter how well it protects your money? In addition to offering you an address to store your assets on the blockchain, a wallet must also offer you keys to securely access your digital hoard.
Caption: With a properly secured wallet, you can soar through the blockchain world with confidence!
What’s the Difference Between Wallet Options?
Your wallet offers you the security of having a blockchain address with public keys so you can receive and store your assets, as well as private keys so that you can securely access them.
Beyond those two points, however, there is a wide variety between different wallets and their functionality. Often people will use multiple wallets throughout their financial infrastructure for different types of assets and situations.
Supported Assets
There are many different blockchains out there, and each coin and token functions on a specific blockchain. There are certainly exceptions to this rule when dealing with more complex topics like bridges, wrapping and layer 2 solutions – but no wallet is going to support every chain and asset that exists.
The wallet provided as part of your Gala Games account is based in GalaChain and can support transactions throughout the entire Gala Ecosystem. It is also compatible with the Ethereum Network, and can bridge between the two chains using the Gala platform and hold any Ethereum assets, such as ERC-20 tokens.
It’s important to note that you can’t just send any asset to any wallet. You’ll notice that your Gala Inventory shows a different address for Ethereum and GalaChain. These are not interchangeable! Attempting to send your assets from Galachain to a blockchain address that doesn’t support them could easily result in your treasures being lost in the void of digital space.
Occasionally, you could wind up with more assets in your wallet than you realize. You’ll often need to set up support for a token on a particular wallet. In these cases, even though your items are in your wallet, you won’t be able to see them through your wallet until you follow the wallet’s procedure to add the token.
Hot vs Cold
Whether a wallet is “hot” or “cold” refers to if it has any connection to an external network. A hot wallet is any wallet that is stored on a device connected to the internet or any other network that allows it to potentially be accessed from outside the device itself. This covers most of the widely used wallets out there.
While you may only transmit public keys to sign transactions, your private keys can still be vulnerable to sophisticated attacks from outside forces. Hot wallets can certainly be secure, but also require that you pay very close attention to device security and protection and who you connect your wallet with.
Cold wallets aren’t connected to anything on any network. Your loot exists on the blockchain itself, but cold wallets store the keys to it safely offline where they can’t be accessed unless villains happen to get their hands on not only the physical device itself, but also acquire any needed passwords, PINs, seed phrases, or biometrics to open the vault. These can be set up on any unconnected device, but also includes standalone, dedicated hardware wallets that sign transactions offline within the device itself to access funds.
Features and Opportunities
Many wallets offer specific features and functionality that may make them preferable to use compared to other wallets. You may decide, for instance, that using a multi-chain wallet like Metamask is a better fit for you than another option because its browser extension is convenient to use and it can be used to hold any ERC-20 token, and it supports a ton of other networks.
You may opt instead for a more involved software wallet that offers more onboard analytics and data so that you can use it much more as a one-stop-shop for your asset management.
Just like with the management of physical assets, sometimes what works best for you has more to do with things like location and efficiency. Though the idea of location is a little different in the digital world, thinking of different blockchains as bordering countries may be a useful comparison.
There are usually ways to send your assets from their native chain to another, but it is usually far less convenient than transacting within their ecosystem within the chain. This may mean that a wallet with access to an address on a certain chain could prove more useful to you than another based on what your plans are with your digital treasures.
When Is a Wallet not a Wallet?
Your wallet and the keys that access it are your personal sovereignty in the blockchain world. There are many different types of wallets out there, but it is always important to remember that if you do not control it, it’s not your wallet.
Blockchain technology was founded on the pursuit of trustless systems. While that manifests as a spectrum across different platforms and ecosystems, if it’snot your keys, it’s not your crypto!
While having assets intertwined in curated ecosystems like centralized exchanges happens sometimes, the private keys to these coins and tokens are held by the company who runs the exchange.
A centralized exchange may have a native wallet that allows you control over your keys, but anything on the exchange itself is simply a representation of your share of ownership over the exchange’s wallet. This is often functionally the same… but in a pinch, a corporation is less worried about your interests than their own.
Reinforce Your Wallet
Your wallet is your personal treasure trove in the blockchain world, so you need to fortify it as best as possible. As we’ve discussed previously, this starts with protecting your private keys. If your most valuable treasures are stored in your own private vault, how fervently should you protect that one key?
Protecting your wallet isn’t just about keeping the bad guys out, but also ensuring that you can always get in. Recovery phrases should always be stored offline– preferably in non-digital, non-perishable formats. Getting fancy with spy-like security can be fun, but what good is your super-secure hard drive storing your recovery phrase when you spill your coffee on it?
We’ve covered a lot already in The Guardian Papers, but we’re not through yet. If you’ve missed anything that we’ve covered in our past installments, catch up below:
In our next few installments, we’ll be diving into the mind of a digital villain and breaking down some of the most common scams in the crypto world and their variations. It’s easy to think that you’ll never be fooled by those kinds of shenanigans – countless blockchain warriors have thought the same. Many have fallen to these same tactics.
More knowledge about how these enemies of personal, on-chain sovereignty can only improve your arsenal to both defend yourself and to fight back by helping to educate your fellow citizens of this new world. If you’d like to get started exploring how to get more out of your wallet, you can check out our support article on how to import your Gala Wallet into Metamask so that you can seamlessly tie your GalaChain assets into your profile on multiple chains. While you’re there, check out some other topics. Buffing your knowledge buffs your security, and none of us can let our guard down until everyone is informed enough to be secure!
