Have you heard of OSMI? There are so many projects building on GalaChain that we occasionally have trouble shining a light on all of them, but OSMI is one you definitely want to keep an eye out for!
OSMI is a new AI project built directly on GalaChain. Unlike other AI projects, OSMI is entirely decentralized and will be run through a collection of GPU-based Nodes.
While specific AI is becoming more and more ubiquitous in our world, it’s not necessarily becoming more public, transparent and decentralized. As AI continues to influence our culture and create a new paradigm for how the human race develops, centralization carries a menacing undertone.
OSMI takes the controls of AI out of the few and puts it in the hands of the many. The result will be that OSMI develops and works for people the way they want it to, rather than the way some boss in an ivory tower wants it to.
Why Decentralization Matters
Culture itself is decentralized. A small group of people don’t get together and decide how humanity’s collective consciousness and ideas change over time — that’s all about as decentralized as it gets. Individual attitudes progress and change by the infinitely complex interchange of ideas.
AI, however, is often incredibly centralized. An individual or a small group is determining the parameters, the training data, the goals, etc. This kind of centralization may give normal people some advantage, but the individuals that created it are really controlling where it goes and how it develops.
Now that AI is working its way more and more into daily life, AI’s development will affect the evolution of culture. Centralized AI homogeneity then potentially threatens to partially centralize the evolution of our culture.
The power this gives an irresponsible small group is terrifying, but even more terrifying is the cultural stagnation this could lead to overall. If the same AI models created and curated by just a few people are pushing us all to the same way of thinking, how will diversity of thought continue to thrive and lead to innovation?
The OSMI Movement
OSMI was created for a better way to navigate AI. Just as we propel culture collectively faster than any small group or individual could, we could work together to make AI a better tool that doesn’t fall victim to homogeneity and profit motives.
Decentralization isn’t just a gimmick of OSMI… it’s the entire point. The OSMI team feels that this is THE sustainable way forward with AI and that this is the beginning a very important shift in society towards better AI tools.
Keep an eye out for Node sale announcements coming up and to learn more about the $OSMI token. We’re incredibly excited to learn more about this project and see what the OSMI team can do to revolutionize how we interact with AI!
Founder’s Nodes are now able to be fully tokenized and transferred! Tons of listings are popping up all over NFT Harbor, which was ready to facilitate secure transfers right away!
You can easily purchase or sell Founder’s Node NFTs on NFT Harbor and today we’d like to walk you through exactly how to navigate that process!
Buying a Founder’s Node NFT
Buying NFTs on NFT Harbor is easy! Simply go to the listings on the front page of https://marketplace.nftharbor.io/ and select “Node” from the collection drop down on the left side.
Once you select this, it will display all available Nodes across the site.
You’ll only see one listing for Founder’s Nodes… if you click on it, however, it’ll take you to all the individual listings of Founder’s Nodes.
From here you can select one that you’d like to buy or bid on.
Note: NFT Harbor is an escrow site, so once you select a Node to buy, it’ll ask you to send the cost of the Node to an escrow wallet. The seller will simultaneously send the NFT to the escrow wallet. Once the escrow has both items in it, it will facilitate the exchange and send NFT and proceeds to each person!
Note that some listings request a deposit. These are fees the buyer must immediately pay to the escrow to lock in a deal. After this, the deal proceeds as normal with the deposit being applied to the cost of the Node. This measure was put in place to avoid fake bids and purchases that then never sent the cost to the escrow account.
Ok so Founders nft's will be able to be traded on NFTHarbor…But what if the buyer doesn't pay? Seller would be left in the cold…Well no! Seller will have the possibility to request 10% of the total price first to the buyer. It will be transferred to NFTHarbor. If buyer… pic.twitter.com/mctpR58ePU
To sell your Founder’s Node, first click “Create” in the top menu. This will take you to a screen that allows you to choose your NFT to sell. Note that your Node must be tokenized properly before it will show up on this screen.
Set the expiration date and the allowed time for a deal to be finalized, then find “Node” in the collection drop down list. Once you’ve selected “Node”, you’ll see your Founder’s Node pop up as an available NFT from that collection. Select it.
Once you’ve selected your Node, you can set your pricing. You can choose any supported currency and whether or not you accept bids. If you are accepting bids, choose the floor price of any bids made.
Remember to set a deposit amount if you want to ensure that any bids or offers you have coming in are legitimate! While NFT Harbor operates using an escrow to limit the chance of scams, buyers or sellers can simply not send their payment to the escrow if there isn’t a deposit amount. This will result in their account’s star rating being reduced and any submitted payment or NFTs returned to the rightful owner, but it can also be incredibly inconvenient and temporarily remove their listing from the site.
Double check your pricing, but then click the “Create Trade” button below and you are done! Your Founder’s Node is now listed for sale!
This proposal outlines a new system of transaction fees for core Gala-operated channels. While the addition of a fee structure was inevitable, the GalaChain dev team has created a system that allows independent channel creators unparalleled autonomy and control while delivering lower fees than you’ll find almost anywhere else in the web3 world.
The proposed fees are substantially lower than the fees associated with almost any other blockchain. Still, the proposed system enhances the sustainability of the greater GalaChain ecosystem as it continues to grow, bolstering the economy and giving third party channel operators the freedom and control necessary to grow their own projects.
Transfer Fees
The cost of minting or transferring items on Ethereum varies depending on variables like network congestion, transactional volume and transaction type. While it may cost $2+ (in ETH) to transfer any quantity of a fungible token like $GALA, GalaChain’s initial fee structure would make such a transfer cost only 2-4 cents (depending on the current value of $GALA). We believe that a predictable and more steady transaction fee will be welcomed by the GalaChain community.
Batch Transactions, 1 Fee
On GalaChain, it’s possible to execute large actions with single transactions, such as mass batch minting of tokens. On GalaChain, tokens can be minted to hundreds or even thousands of recipients with a single batch transaction, requiring a fee of only 1 $GALA for the whole batch.
Basically, this fee system will have additional benefits to creators proportional to the finesse and efficiency with which they use the chain. The power of GalaChain can accomplish a lot with a single well-placed transaction, leaving Ethereum in the dust in terms of cost effectiveness for creators.
BatchMintToken Example
If the Ethereum gas fee for minting an NFT is $2, that fee is required for each token that is minted, so minting an NFT from the same batch to 200 different users would cost $400 in gas fees(roughly equivalent to 20,000 $GALA at current value).
On GalaChain, the BatchMintToken transaction would allow the creator to mint all 200 NFTs directly to their recipients for a single set fee (1 $GALA), using 1 transaction alone.
Fee Structure for Ecosystem Health
To address these challenges in a way that incentivizes node operators and channel founders, we propose the implementation of a new transaction fee structure specifically for the basic asset channel controlled by Gala. The proposed system does not extend to individual third-party channels.
Each third-party channel operator retains full autonomy to set and manage their own fee structures according to their unique needs and goals. The fees outlined in this document will not impact those independent channels in any way, allowing third-party operators to maintain their independence and flexibility over their own transaction fee models. This distinction ensures that while Gala implements a standardized fee approach for its own basic asset channels, it does not interfere with the diverse and customized economic models that third-party channel operators might choose to implement.
Proposal Overview
We propose the introduction of a fee system on GalaChain. This fee structure will apply to various transactions and actions within GalaChain’s basic asset channel. The primary objectives of this proposal are to ensure the sustainability of the Gala ecosystem, incentivize responsible usage of network resources, prevent spam and reward channel founders and node operators.
Proposal Details
GalaChain Token Transactions (Subject to Fees):
BatchFillTokenSwap
BatchMintToken
BurnTokens
FulfillMint
FulfillMintAllowance
MintToken
MintTokenWithAllowance
RequestTokenBridgeOut
RequestTokenSwap
TerminateTokenSwap
TransferToken
User Actions (1 $GALA Fee Per Action):
Minting currency from mint allowance
Minting NFTs from mint allowance
Bridging out currency (note: existing fees apply; future dynamic fees are in development)
Sending currency
Sending NFTs
Paying for orders by transferring funds
Paying for orders by burning funds
Ecosystem Benefits
Channel Founder Incentives: Founders of new GalaChain channels will be able to set fees for their own asset channels in the future, receiving a portion of fees collected within those channels.
Node Operator Incentives: A portion of transaction fees will be allocated to node operators, ensuring ongoing benefits for their crucial role in the decentralization and robustness of GalaChain.
Referral Incentive: As approved in a prior Founder’s Node vote, all $GALA burned as gas fees qualifies for a direct referral incentive reward. The direct referrer receives 8-10% of the burnt $GALA as a mint allowance, and the second-degree referrer receives 2%.
Prevention of Abuse: With a moderate fee system in place, abuse of GalaChain functions is actively discouraged. Most blockchain exploits and abuses are related to unreasonably high numbers of transactions, and per-transaction fees will de-incentivize these types of behaviors by potential abusers by increasing cost with transactional volume.*
*In THIS EXAMPLE, a game called Sunflower Farmer nearly “broke” the Polygon chain by monopolizing gas costs, causing transactional fees to drastically and suddenly increase. A system of set low fees will prevent this sort of exploit for a more stable blockchain ecosystem, and Gala will continue to update and tweak this system as needed for long term ecosystem health.
Implementation Plan
Upon approval of this proposal, the new transaction fee structure will be implemented immediately within the GalaChain basic asset channel.
The initial rollout will apply to transactions on the asset channel, eventually expanding to include owners of other channels in the Gala ecosystem, allowing them to create their own fee structures. Please note that external channel owners will have the ability to to set and control their own fees. More details about external channels will be provided with future updates.
Vote Details
Voting Period: 1 week
Approval Requirement: Simple majority (51%)
Eligibility: 1 vote per Founder’s Node
Vote Question
Should a new system of GalaChain transaction fees be implemented to support long term ecosystem health and user incentives?
Yes: I am in favor of the proposed fee structure.
No: I am not in favor of the currently proposed fee structure.
Abstain: I am neither in favor nor against this proposal.
Conclusion
This proposal aims to enhance the efficiency, security and sustainability of the Gala ecosystem through the introduction of a new transaction fee structure on GalaChain. We believe this change will contribute positively to the ecosystem’s long-term health while providing additional incentives for channel founders and node operators. We appreciate your participation and support in this governance vote as we continue to build a stronger, more resilient Gala ecosystem.
Thank you for your ongoing commitment to our shared vision.
We’re pleased to announce as of earlier this week, the Gala ecosystem has added a Single Sign-On (SSO) option using Telegram login credentials. This new feature is set to revolutionize the onboarding experience for users discovering our platforms through the viral success of our $TREZ “tapper” games on Telegram mini apps.
Streamlining User Experience with Telegram SSO
One of the most important challenges to web3 mass adoption has been the convenience factor. Web2 was a world that introduced social media that evolved into the smoothest onboarding experiences in the world. Today, it’s imperative to offer SSO options for existing web2 platforms with which users are already familiar. Telegram is one of those platforms.
As Treasure Tapper and Music Miner continue to capture the attention of Telegram mini app users worldwide, we recognize the importance of providing a seamless and efficient way to join the Gala ecosystem. With Telegram SSO, users can now create accounts on all core Gala platforms – Gala Games, Gala Music, and Gala Film – using their existing Telegram credentials. It’s as simple as a login, just like our Google account SSO option.
This integration simplifies the registration process, making it easier than ever for new users to dive into the rich, decentralized experiences we offer. A simple sign-in has a lot of power, especially when transitioning from your web2 comfort zone to all the new empowering responsibilities that come with web3 ownership.
Right away, SSO users will gain access to our free games, our entire music catalog and more. Then as they learn the ropes of our ecosystem, Telegram users can then create and connect their web3 wallets at their convenience, gaining access to everything Gala offers.
Why Telegram SSO Matters
Ease of Use: By leveraging existing Telegram accounts, users can skip the hassle of creating new credentials, saving time and reducing friction.
Enhanced Security: Telegram SSO provides a secure login method, ensuring user data protection.
Unified Access: One Telegram account opens doors to the entire Gala ecosystem, unifying user experiences across gaming, music, and film platforms.
A New Era of Onboarding
Although small at a glance, this is actually a huge step in our ongoing efforts to make blockchain-based platforms more accessible to mainstream audiences. As we continue to innovate and expand, we are committed to breaking down barriers and simplifying user interactions with our ecosystem.
Join the revolution today by logging in with your Telegram account and exploring the endless possibilities within Gala Games, Gala Music, and Gala Film.
Today we’re announcing a new partnership with Coinflow, our newest credit card payment processor. This collaboration aims to provide our users with a seamless credit card payment experience, ensuring flexibility and reliability in transactions across our platform.
Expanding Payment Options
In our ongoing commitment to enhance user experience, we are finalizing the implementation of Coinflow as an additional payment processor. This strategic move will offer our users another option for credit card payments, complementing our existing service. By doing so, we ensure that our community has robust and flexible payment solutions, reducing potential disruptions and enhancing overall transaction reliability.
Our integration rollout plan with Coinflow has commenced with a wide variety of eligible purchases in the Gala Games store. All items that had Stripe credit card purchases as a payment option should now show the CoinFlow option.
This initial phase will allow us to test and optimize the new payment processor before extending its use to our broader range of products in Music and Film, and add support for Google and Apple Pay.
For the first days of the new Coinflow payment option, Coinflow purchasers will receive a special 5% rebate for a limited time delivered as $GALA at the time of fulfillment (rebate amounts may fluctuate). Enjoy this exclusive rebate as we celebrate this new integration!
Start of Coinflow Rebate: 1pm PT, July 30th
We are enthusiastic about this partnership with Coinflow and the added convenience it brings to our users. Stay tuned for more updates as we roll out this feature and continue to innovate within the GalaChain ecosystem.
Thank you for being a part of our journey. Together, we are reshaping the future of decentralized entertainment and beyond.
