At Gala Music, we’re all about empowering artists, fans and collectors to create a new world of music where anyone’s success is everyone’s success. Incentives to share are some of the most important ways that we can empower everyone while improving the platform’s long term success and scalability.
Tracing today’s web3 back to its earliest days will reveal a narrative whose backstory began with marketing ideas such as loyalty programs, incentives and networking. The founder of Gala saw an ecosystem where everyone was stronger together, recognizing that if an entertainment company could properly incentivize its users to share the vision with new users, then everyone could benefit from the money saved that would otherwise go to social media advertising companies and their stranglehold on web2 marketing. By pairing this revolutionary idea with the empowerment made possible by blockchain tech, Gala was able to thrive by rewarding its early adopters.
If you’re familiar with Gala Music at all, you already know that you can own NFT tracks for a share in the daily $MUSIC generated by the plays of your track on the platform. But you may not realize that there are tons of other ways (besides track ownership) to start stacking $MUSIC rewards of your own!
Gala Music Rewards
In Gala Music, engagement rewards are simple and (in true Gala fashion) somewhat gamified. Using a daily distribution point system, we are able to add yet another strategic dimension to your Gala Music experience. Each day, a portion of new $MUSIC is available for distribution as rewards for activity on the platform.
Qualifying actions for these rewards are designated in the Whitepaper as Ecosystem Supporting Actions. Making up 25% of the generated $MUSIC on a daily basis, they are designed to promote the growth of a healthy ecosystem and give all users a way to generate $MUSIC simply by engaging with Gala Music. For most rewards, there is no requirement to own NFT items, and for some, there is no spending prerequisite of any kind!
To determine the amount of $MUSIC that a user will receive for their interaction, various platform sharing activities qualify the user for various numbers of points. Then at the end of each 24 hour period, $MUSIC rewards are distributed proportionally to those points.
Below is the current list of point-qualifying actions and how many points are received for each.
A referred user purchases and pairs an NFT track – 1 Point
A referred user purchases a Jukebox Node – 15 Points
As the Gala ecosystem continues to grow, your referred users will continue to be connected to you for various rewards and situations where you may receive credit for referring them. Do not underestimate the power of referrals in the web3 world. With Gala’s dream of onboarding the first billion users to blockchain in the entire world, imagine how many of those could be your referrals!
How to Share
You’ll find your referral link in multiple locations of your Gala Music account, such as at the top of the Referrals and Rewards page.
Additionally, if you use the social share option on individual tracks to share directly on social media, your referral will automatically be connected when your friends create an account as a result of your share.
That’s it! Get out there and start sharing your favorite Gala Music tracks and referring new users. 🔥
We are thrilled to announce the launch of Treasure Tapper, a new Telegram clicker game designed to reward you with free tokens simply by tapping into the treasure trove! Treasure Tapper combines fun and rewards, offering an engaging way to stack tokens while enjoying a light-hearted game.
Playing Treasure Tapper is as simple as it gets. Just tap on your screen to collect $TREZ tokens. The more you tap, the more tokens you collect.
Collect even more $TREZ as you complete quests! It’s an exciting way to accumulate rewards while having a blast with friends and fellow community members.
Features and Benefits
Easy to Play: Start tapping and collecting tokens immediately.
Exciting Rewards: Each tap brings you closer to valuable tokens.
Community Fun: Join a community of players and see who can tap the most.
Free to Play: No hidden costs, just pure fun and rewards.
Why Play Treasure Tapper?
Treasure Tapper is perfect for those looking to add a bit of excitement to their daily routine. Whether you have a few minutes to spare or want to compete with friends for the highest score, this game offers endless entertainment. Plus, the tokens you collect are really yours!
Join the Adventure
Ready to start your treasure-hunting journey? Join us on Telegram and start tapping your way to riches with Treasure Tapper. Don’t miss out on the fun and rewards waiting for you!
Imagine a world where no single entity holds all the power or control over information, decisions or assets. This is the essence of decentralization, and web3 is making it a reality.
In simple terms, decentralization means distributing control and decision-making from a central authority to a network of nodes or participants. This concept is central to the functioning of many technologies and systems in the web3 ecosystem, including blockchain and cryptocurrencies.
How Does Decentralization Work?
To understand decentralization, let’s compare it to centralization:
Centralized Systems
In centralized systems, a single authority or a small group controls the entire system. For example, in traditional banking, a central bank holds money for users, and all transactions must go through this central authority. Similarly, social media platforms like Facebook and Twitter have central control over user data and content, and web hosting services like Amazon Web Services have centralized responsibility for hosting content on the internet.
Decentralized Systems
In decentralized systems, control is distributed across many nodes or participants. This means that no single entity has complete control, and decisions are made collectively. Here’s a simple breakdown:
Distributed Network: In a decentralized network, multiple nodes (computers or participants) work together to maintain the system. Each node has a copy of the entire network’s data, and they communicate and validate each other’s transactions.
Consensus Mechanisms: To ensure that all nodes agree on the state of the network, decentralized systems use consensus mechanisms, which validate transactions and maintain the integrity of the network.
Transparency and Immutability: Decentralized systems rely on transparent and immutable ledgers, such as blockchain, where all transactions are recorded and cannot be altered. This ensures trust and security in the system.
Why is Decentralization Important?
Decentralization is a foundational principle in the web3 world for several reasons:
Enhanced Security
In centralized systems, a single point of failure can compromise the entire system. Decentralization distributes risk, making it much harder for hackers to attack or manipulate the network, or an unexpected event like a power outage to cause major problems.
Increased Transparency
Decentralized systems operate on transparent protocols and public ledgers, ensuring that all transactions and activities are visible to all participants to build trust and accountability.
Censorship Resistance
Decentralization removes the power of central authorities to censor or control information. This is particularly important for freedom of speech and access to information.
Democratic Governance
Decentralized systems often use governance models where decisions are made collectively by the community or stakeholders, rather than a central authority. This democratizes control and aligns the interests of all participants.
Innovation and Interoperability
Decentralized platforms encourage open-source development and innovation. They allow different systems and applications to interoperate seamlessly, creating a more connected and versatile ecosystem.
Real-World Examples of Decentralization
1. Blockchain and Cryptocurrencies
Bitcoin and other cryptocurrencies are prime examples of decentralization. They operate on decentralized networks where transactions are validated by a network of nodes, rather than a central bank.
2. Decentralized Finance (DeFi)
DeFi platforms provide financial services like lending, borrowing, and trading without traditional intermediaries like banks. They use smart contracts on blockchain networks to automate and secure transactions. While centralized exchanges such as Coinbase and Binance require user account verification and other forms of KYC, decentralized exchanges such as Uniswap can be used anonymously.
3. Decentralized Autonomous Organizations (DAOs)
DAOs are organizations governed by smart contracts and run by a community of stakeholders. Decisions are made through a voting process, ensuring that control is distributed and democratic.
4. GalaChain and $GALA
GalaChain, the blockchain ecosystem for gaming and entertainment, uses $GALA as its native token. Even though it was created by a centralized company (Gala), GalaChain is decentralized because it is powered by a decentralized infrastructure of Founder’s Nodes whose operators receive $GALA rewards and have governance rights on certain ecosystem decisions.
With 2024 updates like the release of the open source GalaChain SDK, the Gala Creators self-service portal and GalaSwap, a platform where users can exchange tokens, the Gala ecosystem continues to move toward greater decentralization and community control as it grows.
The Future of Decentralization
As Web3 technologies evolve, decentralization will play a crucial role in shaping the future of the internet and beyond. Here are some trends to watch:
1. Decentralized Web (Web3)
IN general, web3 aims to create a decentralized internet where users have greater control over their data and digital identities. This could lead to a more open, secure and user-centric web.
2. Interoperability
Decentralized systems will increasingly need to interoperate with each other, enabling seamless transfer of assets and information across different platforms and blockchains. With so many different projects, innovators and blockchains, Interoperability is one of blockchain’s greatest challenges. With a goal of becoming the first billion user blockchain, GalaChain has taken these challenges seriously and implemented extensive plans to address them and lower their impact in the long term.
3. Scalability
One of the challenges of decentralization is scalability. Future innovations will focus on making decentralized systems more efficient and capable of handling large-scale applications. When web3 was a small community, it was relatively simple for companies to present proof-of-concept ideas and applications. However, as the fabled “mass adoption” draws nearer, increasing pressure on these blockchains and applications will make it clear which were built effectively to scale.
4. Regulatory Developments
As decentralization gains traction, governments and regulatory bodies will need to create frameworks that balance innovation with security and compliance. With so many different regulatory bodies involved in economic decision-making throughout the world, this area is full of unknowns. Gala takes an incredibly proactive approach to regulatory compliance, welcoming regulation and striving to adhere to all applicable laws throughout the world.
Decentralization: More than a Buzz Word
Decentralization is more than just a trendy way of saying web3; it’s a philosophy that promotes security, transparency and democratic governance for systems that have historically lacked freedom and/or efficiency-. By distributing control and decision-making, decentralized systems offer a robust alternative to centralized models, paving the way for a more open and inclusive digital future.
Stay tuned for more blogs in our explainer series, where we’ll dive deeper into the fascinating world of Web3 and its key concepts!
A couple months into the launch of our groundbreaking Artist Upload feature, Gala Music is witnessing an unprecedented wave of artist empowerment and creative freedom.
This innovative tool has transformed the way artists manage and release their music on Gala Music, placing control directly into their hands and significantly enhancing their ability to connect with fans.
If you’re an artist interested in dropping tracks on Gala Music, we’d love to hear from you and check out your music. Start here.
Why Artist Upload is a Game-Changer
The Artist Upload feature is crucial for several reasons:
Decentralized Control: Artists can now independently upload, schedule, and price their NFT track releases without relying on intermediaries. This shift towards greater decentralization aligns perfectly with our vision of empowering artists and fostering a fairer, more transparent music industry.
Flexibility and Freedom: With the self-service portal, artists can seamlessly integrate their promotional strategies with their release schedules, ensuring their music reaches their audience at the perfect moment. This level of autonomy is a significant departure from traditional music distribution channels.
Elimination of Barriers: The removal of wallets and gas fees makes the process of releasing NFT tracks simpler and more accessible. Artists can focus on their music and creativity rather than the complexities of blockchain technology.
Celebrating Two Months of Artist Upload
In just over two months, the Artist Upload feature has already made a significant impact. Artists are not only releasing music but are also engaging with their fans in more meaningful ways through the platform’s various functionalities, including the ability to add music videos and organize All Access Experiences.
Moving Towards Greater Decentralization
As we continue to evolve, our goal is to push even further towards decentralization. This ongoing transformation will offer even more control and freedom for artists, ensuring that they remain at the heart of the Gala Music ecosystem.
Looking Ahead
This is just the beginning. We are committed to continuously updating and refining the Artist Upload feature, responding to the needs and feedback of our artists to provide the best possible platform for their creative expression.
For artists looking to take advantage of this revolutionary tool, the journey starts at Gala Music for Artists. Join us in reshaping the music industry, where artists and fans unite in a decentralized world of music, enjoying unprecedented levels of empowerment and freedom.
Embrace the future of music with Gala Music – where your creativity knows no bounds.
The magnificent fantasy world of Gala Games’ legendary fantasy MMO is coming to life before our eyes, moving faster than ever. Games of this magnitude are often years in the making, and some of our most dedicated community members have been patiently waiting for Mirandus since the dawn of Gala Games.
Mirandus is one of our most community hyped gaming projects, set to redefine an entire genre of gaming with a fantasy simulation as aesthetically beautiful as it is strategically challenging– A land where magic reigns, Materium flows and “dying hurts.” Players are itching to get into Mirandus more than ever… and we can’t wait for them to experience it!
Dig into the latest blog for an up-to-date roadmap with what you can expect in the coming weeks and months.
If you’re not able to catch this Town Hall live, then don’t forget to watch the replay. You don’t want to miss this one.
Join us at 12pm PT today, June 26th. Set a notification at the link below!
