We are thrilled to announce the completion and results of Gala Film’s first two Theater Node governance votes. Marking a significant milestone in our journey towards a more decentralized and community-driven platform, our community of Theater Node operators has spoken, and their decisions will play a crucial role in shaping the future of $FILM tokenomics.
The Votes
The two governance votes focused on key aspects of $FILM tokenomics:
Maximum Boost for Film Projects
Distribution Method for $FILM Tokens
Voter Participation
We extend our heartfelt thanks to all Theater Node owners who participated in these votes. A total of 249 Theater Node operators cast their votes, with a total of 508 participating Theater Nodes. This strong turnout underscores the dedication and engagement of our community, and we hope to further increase the involvement and engagement of our valued Theater Node operators in the future.
Results
Vote 1: Distribution Method
With 58% of the votes, the community has decided to keep the current distribution method based on the prior day’s activities. This means that the daily minting of $FILM tokens will continue to be determined by the previous day’s ecosystem activity.
Vote 2: Film Boost Reward
With 43% of the votes (winning share), the community has chosen to set the Film Boost at 3X. This decision means that once a film reaches the Boost cap, each view will count as three views when calculating daily $FILM distribution.
Next Steps
These decisions will be incorporated into the Gala Film Litepaper and applied to the platform. We believe that these choices will foster a more dynamic and rewarding ecosystem for all participants.
We are immensely grateful for your continued support and participation in shaping the future of Gala Film. Together, we are building a more empowering film industry.
Stay tuned for more opportunities to have your voice heard in upcoming governance votes. Your participation is crucial in our journey to revolutionize the world of film through the power of blockchain technology.
Thank you again for voting and for being a part of the Gala Film community.
The first four episodes of David Bianchi’s sci-fi thriller series, RZR, are available now, exclusively on Gala Film. Collect NFT Moments now to secure daily platform rewards or open Mystery Boxes to unlock additional content from the show!
At Gala Film, we’re building more than just a place to watch movies– We’re fostering connections between fans and creators, creating deeper connections to the stories they love. That’s why we’re thrilled to introduce Pitches, a revolutionary platform feature that will empower anyone to step into the exciting industry of film.
Pitches–Unleash Your Inner Filmmaker
Gala Film’s Pitches is an upcoming platform feature that will make it easier than ever for creators to bring their projects to life while offering community members opportunities to play a key role in any project’s success.
With the power of GalaChain, the pitching and backing of films is no longer limited to the Hollywood elite and those with the deepest pockets. Anyone and everyone will be invited to participate in this new approach to film pitches on any level they choose.
Whether you’re a die-hard fan yearning for a sequel to your favorite film or a budding director with a groundbreaking story to tell, with Pitches, you can make it happen.
Community at its Core–Supporting Pitches
At the heart of Pitches lies the power of community. Use your $FILM tokens to support projects that spark your passion. In return, you’ll unlock exclusive benefits like early access, backstage passes, credit listings, or even cast appearances! More info will be coming soon about specific opportunities as Pitches prepares for launch.
Reshaping the Filmmaking Landscape
Pitches fosters a collaborative environment where fans can actively influence the creation of content they love. This innovative approach redefines filmmaking, making it more inclusive, vibrant, and accessible than ever before. This is yet another example of how Gala Film is planning to breathe new life into a beloved industry while empowering everyone involved, from artist to fan.
Crafting Your Dream Project–Creating Pitches
Gala will equip you with a user-friendly template to craft compelling pitches for your dream projects. We believe every great film starts with a compelling pitch, and Pitches makes that process seamless and empowering. This crucial part of the process should be fun–not frustrating, simple–not strenuous, and rewarded–not regretted.
Join the movement! With series and film content like David Bianchi’s RZR, it’s time to envision what you want to see, then start putting in the rewarding work to make it a reality!
Gala Film has hit the ground running with an incredible and gritty dystopian sci-fi series from the mind of creator David Bianchi. If you haven’t caught the first two episodes of RZR yet, what are you waiting for? Login to Gala Film right now and watch for free. The story will keep you on the edge of your seat, and you’ll qualify for Mystery Box rewards simply for viewing the first episodes!
Crack open Mystery Boxes to assemble unlockable Director Cuts by collecting Shards, or purchase Premiere Mystery Boxes for $3.99 for a chance at additional exclusive prizes.
Looking to get in on the ground floor of web3 entertainment ownership with RZR NFT Moments? Getting rewarded for participating in Gala Film is easy and there are lots of ways to get involved!
Paths to Rewards
Today we’re happy to announce that following a successful platform launch, platform distribution rewards are officially live.
If you’re participating on any level in the Gala Film ecosystem, you’re likely to start seeing POPCORN! rewards in your account. When the $FILM token launches within the coming months with its initial Token Generation Event, you’ll gain the ability to convert all your POPCORN! to $FILM, and from then on you’ll start receiving $FILM directly for all the actions described below.
Check the Gala Film Litepaper for additional information about Gala Film rewards, including allocations, long term plans and reward boost opportunities for owning various early adopter NFTs!
You can now get rewarded for…
Supporting the Ecosystem
In the decentralized world of entertainment, anyone’s success is everyone’s success, so rewarding platform support is paramount to Gala Film. Whether you’re bringing new audience members by sharing your favorite episodes with friends and family, watching the latest episodes of your favorite series, or unlocking exclusive content through Mystery Boxes, you deserve to be rewarded for your time and attention.
According to the Gala Film Litepaper, a portion of $FILM is allocated to a pool called “Ecosystem Supporting Behaviors.” With launch, this pool will consist of 12.5% of total $FILM, but each year as the platform grows toward total decentralization, this pool will increase by ~1%.
This reward pool observes a point system to allow certain actions to qualify the user for a greater share in the pool. The list below includes the initial qualifying actions that will result in $FILM rewards from this pool.
Owning Moments
When you hold Moment NFTs from a Gala Film production, expect regular rewards that are dependent on the number of platform views for your content. When you own a RZR NFT Moment (no matter the episode), you’ll be qualified for rewards whenever any episode from the RZR series is viewed!
Because Moments are pieces of curated Scenes, when you complete a Scene, you’ll get a reward boost for all the Moments within that scene.
If you manage to collect all completed Scenes from RZR, you’ll get the MAX Boost for all your Moments.
In the Gala Film Litepaper, the reward portion allocated to owners of Moment NFTs is called the “Content Incentivization Mechanism.” This portion of $FILM is divided among publishers/creators and viewers of Gala Film content.
With the initial platform launch, 17.5% of $FILM rewards are allocated to this reward pool, and each year as Gala Films grows toward total decentralization, that percentage will increase by ~2%.
Rewards for Filmmakers
Filmmaker $FILM rewards are also considered part of Content Incentivization, with a portion of this allocation used to reward the visionary creators and artists who make Gala Film productions a reality.
With the future Gala Film Pitches update, it will become possible for anyone in the community to submit film projects or ideas, calling the Gala Film community to gather in support with their $FILM and essentially crowdfunding the future of decentralized cinema!
Operating a Theater Node
The Gala Film DePIN is powered by the operators who contribute computing power in exchange for rewards. Video content is delivered in real time using a state-of-the-art DCDN (Decentralized Content Delivery Network) with Theater Nodes at its core.
As described in the Gala Film Litepaper with the initial platform launch, active operators of Gala Film’s Theater Nodes share in 17.5% of the total $FILM rewards allocated. As the platform continues to grow toward total decentralization, this percentage will increase by ~2% per year.
Additionally, 2.5% of $FILM is awarded to Gala Founder’s Node operators for their role in supporting the backbone of the entire Gala ecosystem.
If you are interested in Theater Node operation to enhance your potential rewards while supporting the growing Gala Film ecosystem, you can purchase a license here.
Join the Next Generation of Film
After many months of tireless work from across the various Gala teams to make this all possible, we’re extremely excited to finally see the fruits of our labor enjoyed by the community. Not only can we offer awesome exclusive film and series content absolutely free, but we can promise a rewarding and gamified experience that will take you deeper.
If you haven’t started watching RZR yet, check out the first two episodes now and we think you’ll be just as hooked on Grimm’s dark story as we are.
The first two episodes of David Bianchi’s dystopian sci-fi thriller series, RZR, are officially live, only on Gala Film. Anyone with a Gala account can watch for free, and new episodes will drop each week!
Have Some POPCORN!
Owners of RZR Moment NFTs are eligible for daily rewards based on the platform views of the series. These ownership rewards are the core of Gala Film’s empowering approach to production and distribution of exclusive video content.
The Gala Film Litepaper outlining the ecosystem’s economy and current plans for distribution of rewards has been updated to reflect the latest developments. A new reward structure will soon be implemented in which units of POPCORN! are awarded directly to users, rather than in buckets. This will take effect after all outstanding POPCORN! Buckets have been distributed to operators of Theater Nodes from before the launch.
While RZR is the only series on the platform, the NFT owner portion of all available “content incentive” rewards will be distributed to RZR Moment owners. In the future when other pieces of content (other shows and films) are added, these rewards will be proportionally weighted to those programs that receive more views.
In the long term, these rewards will be issued as $FILM, directly to owners’ accounts. However, until the initial token generation event of $FILM (coming within the next couple months), rewards will be issued via the placeholder token, POPCORN!.
When $FILM is created and first issued, it will be distributed to holders of POPCORN!, converting all POPCORN! To $FILM at a set rate. The rate of automatic exchange for POPCORN is 1 POPCORN = 10 $FILM*.
*These are the subject-to-change numbers listed in the Gala Film Litepaper.
POPCORN! Buckets
Throughout the in-development stages of the Gala Film platform, POPCORN! has been used to reward operators of Gala Film’s Theater Nodes. POPCORN! Buckets of various sizes were also found in some Common Ground World Mystery Boxes, which are no longer for sale. Operators have received POPCORN! each day for which their Theater Nodes (formerly known as a “Gala Film Nodes”) were active for the minimum 6-hour requirement. Additionally, a bonus “streak” system (described below) was employed to ensure that extra POPCORN! rewards were given to those who operated their nodes for consecutive days.
Following the platform launch going forward, both NFT owners and Node operators will receive single units of POPCORN! instead of buckets. When this switch is made, the issuance of POPCORN! Buckets will be retired. Then when $FILM is first generated, all POPCORN! (whether single unit or Bucket) will be redeemable for $FILM.
Number of POPCORN! units in each bucket:
Welcome Bucket = 1 POPCORN!
Small Bucket = 10 POPCORN! Medium Bucket = 25 POPCORN! Large Bucket = 50 POPCORN! Extra Large Bucket = 100 POPCORN! Mega Bucket = 150 POPCORN!
These “Bucket” items will remain Buckets in your Collection until the $FILM token generation event, when all owners will have the option to exchange POPCORN! Buckets for $FILM, according to the values above + additional TBA streak bonuses.
POPCORN! That Never Goes Stale
Unlike your belly, your Gala account has room for all the POPCORN! you can gather. If you’re looking to start a new POPCORN! collection in anticipation of $FILM, this is your chance! Start collecting RZR Moments as soon as you can, and consider becoming a Theater Node operator to power the future of film!
Extra Action
There are plenty of ways to get rewards in addition to collecting Moments and running a Theater Node. Certain “Ecosystem Supporting Behaviors” will also allow you to collect POPCORN!, including some that are immediately available with the RZR premiere and platform launch!
Community Early Access to David Bianchi’s groundbreaking sci-fi thriller series, RZR, is officially live! This moment marks a unique opportunity for Gala Film NFT owners and Gala Film Theater Node operators to dive into the action before the rest of the world.
Early Access Details
Those who have passionately supported Gala Film by owning NFTs or operating Theater Nodes will be the first to explore the riveting universe of RZR with exclusive access all weekend long leading up to the global premiere on Sunday, April 14th.
For Gala Film enthusiasts who have yet to acquire any Gala Film NFTs but are eager to partake in the Early Access experience, there’s a golden opportunity awaiting. By purchasing a RZR Moment Pack, which includes a single NFT collectible Moment from an episode of RZR, not only will you unlock the door to early viewing, but you will also tap into the regular platform rewards that come with owning a Moment.
The Significance of RZR Moments
These Moments embody the essence of engagement and ownership within the Gala Film ecosystem. By holding a Moment, you’re not just a passive viewer; you become an active participant in the platform, receiving regular rewards and enjoying a closer connection to the content you love.
Because the Gala Film platform has not yet launched its official utility token, $FILM, a placeholder token called POPCORN! will initially be issued as the reward for both Theater Node operators and NFT Moment owners. The incredible news is that as long as RZR is the only production on the newly launched platform, 100% of the NFT owner rewards allocated to content incentivization will go to the owners of RZR Moments.
Join the Excitement
Get in on this Early Access event to become part of the pioneering moment where film collides with cutting edge web3 tech for an explosive and game-changing combo. Gala Film is dedicated to transforming how stories are told and experienced, and through initiatives like this, we’re inviting our early adopters to a front row seat at the revolution.
We encourage every film aficionado and blockchain enthusiast to seize this opportunity; be among the first to view the first two episodes of “RZR.” Let’s come together to celebrate this milestone in Gala Film’s journey towards redefining the future of entertainment.
For those who are ready to step into the world of “RZR” and explore the benefits of Early Access, visit our platform now to secure your RZR Moment Packs. Let the countdown to Sunday’s global premiere begin, and may this be the start of many more exhilarating experiences within the Gala Film ecosystem.
RZR Mystery Boxes
If you’re not quite ready to support the production directly through reward-enabled Moment ownership, then check out our RZR Premiere Mystery Boxes! Collect the Shards within to assemble Director Cuts that take you deeper into the story. Each Premiere Mystery Box (on sale now for $3.99) contains 4 items, including chances to win exclusive prizes like $GALA, POPCORN! and more!
You’ll get a Starter Box just for watching episode one, and completing other tasks within the ecosystem will secure additional Mystery Boxes. You’ll be on your way to unlocking your first exclusive Gala Film Director Cut!
Welcome to the future of film, where your passion for cinema meets the endless possibilities of blockchain technology.
