At Gala, we’re crafting a decentralized future where everyone can thrive. What began with gaming now spans across entertainment, blockchain technology and more, creating an inclusive and immersive ecosystem with something for everyone. Let’s explore how Gala is revolutionizing the way we interact with digital worlds.
Gala Games: More Than Play
Our journey started with games, fueled by a mission to give players true ownership and the ability to get rewarded for their playtime. Gala Games offers a diverse portfolio of games where players can truly own their in-game assets. Ownership adds a new dimension of gaming strategy to enrich the experience.
This ownership model breaks free from traditional constraints, allowing gamers to benefit directly from their engagement. Additionally, Gala gamers enjoy a new level of freedom. Once you get tired of a game for which you own items, you’re free to trade off those items on the secondary market, essentially taking your loot with you to your next favorite game. Gone are the days when we must continue playing a game that lost our interest just because we’re cost committed. This freedom is a crucial piece of Gala’s central mission of user empowerment.
We have teamed up with some of the most legendary game developers in the industry to reimagine the gaming experience throughout multiple genres. With the recent launch of our massive game dev headquarters in Santiago, Chile, we’re ready to start cranking out the next generation of games, all empowered with ownership and rewards through GalaChain.
The conventional music industry was ripe for revolution, and the power of GalaChain lends itself brilliantly to an enhanced music experience that takes fans and artists deeper.
Gala Music reimagines the ways music is produced, distributed and consumed. Artists can release tracks directly to their fans, bypassing traditional intermediaries and maintaining unprecedented control over their art. Fans can own NFT tracks representing music from their favorite Gala artists, unlocking $MUSIC rewards based on the platform success of their owned tracks.
Powered by a decentralized network of nodes called Jukebox Nodes, Gala Music’s unique approach ensures that creators are fairly rewarded for their work, that fans have a stake in the success of the music they support, and that new music is always free to discover and enjoy.
Gala Film is set to disrupt the traditional film industry by enabling decentralized film production and distribution. This platform allows filmmakers to fund their projects through tokenization, offering an innovative way to raise funds and engage with their audience.
Fans can directly support films and series they believe in by collecting NFTs called Moments in their Theaters, reaping $FILM rewards from the platform success of their content.
Powered by a state-of-the-art GalaChain DePIN (Decentralized Physical Infrastructure Network), Gala Film hosts and delivers content on its network of Theater Nodes. These nodes are owned and operated by supporters from the Gala Film community who have purchased licenses to operate network workloads in exchange for additional rewards.
A future system called “Pitches” will offer project crowdfunding to bring users’ filmmaking dreams to life. Funding film projects is expensive, but with Gala Film we are curating an ideal community of early adopter supporters and rewarding them for early ownership in the same $FILM token that they will eventually use to fund your projects. We expect this feature to be a true game changer for the filmmaking industry when it is released.
At the core of Gala’s ecosystem lies GalaChain, our custom-built blockchain. Designed to handle high transaction volumes and complex interactions, GalaChain supports a wide array of applications that go far beyond gaming and entertainment. It offers near-real-time settlement, low gas fees and a developer-friendly environment, making it an ideal platform for innovation across various industries.
In early 2024, we opened GalaChain to external developers by releasing the public facing Typescript-integrated GalaChain SDK and the Gala Creators Portal, making it easier than ever for devs to take the leap into web3 to empower their own communities.
GalaChain is a layer1 blockchain that operates similarly to Ethereum, with lower gas fees and faster transaction time. Additionally, GalaChain tokens (FTs and NFTs) are easily bridgeable to the EVM for use and trade on its robust network of existing dApps and exchanges.
GalaSwap: Seamless and Secure Transactions
GalaSwap is the first official token swapping site that runs on GalaChain, providing a secure platform for trading tokens within the GalaChain ecosystem. It ensures that users can seamlessly swap assets, enabling liquidity and fostering a vibrant economic environment by eliminating the need to bridge assets to Ethereum.
By utilizing GalaSwap, users benefit from lower fees and faster transactions compared to traditional exchanges. Additionally, GalaSwap users are rewarded with GalaSwap’s native token for listing and accepting swaps, with additional rewards for swaps that are conducted at “fair market value,” according to dynamic integrated pricing data from CoinGecko. GalaSwap is growing rapidly, with recent feature updates such as partial swaps, API integration and more.
Owners in the Gala ecosystem are encouraged to browse and utilize the robust secondary item markets on OpenSea. This market ensures that every asset has value beyond its initial use, providing users with endless opportunities to monetize their digital holdings, unload unused items or get a second chance on sales they missed.
Gala is more than just an ecosystem; it’s a community-driven movement towards decentralization and empowerment. We invite you to explore the various facets of Gala, participate in our vibrant community, and discover how you can benefit from being part of this revolutionary journey.
Learn More
Ready to dive deeper? Learn more about Gala’s ecosystem and how we’re transforming entertainment and beyond. Join us in shaping a decentralized future where ownership and rewards are truly democratized.
$GSWAP is here for GalaSwap users in multiple ways and promotes GalaChain trade health.
Get $GSWAP when you complete a trade with $GALA on GalaSwap.
1 $GSWAP for every 1 USD of $GALA swapped.
It seems like only yesterday that we launched GalaChain, creating a user-empowering web3 haven focused on speed, scalability and security. By providing builders with streamlined tools like the GalaChain SDK and the Gala Creator Portal, we’re making it easier than ever for innovators to empower their communities, bringing their ideas to life in the full color of web3.
Shortly after we hit the ground running with the new open vision of GalaChain, we released the first version of GalaSwap, GalaChain’s built-to-grow trade platform. With a plethora of early updates under our belt, such as token additions, partial swaps and API release for external applications, GalaSwap is growing rapidly.
Today we’re dropping a major update, designed to allow users to participate in a program not only for using the GalaSwap platform, but using it in a way that promotes ecosystem health and Gala’s long term vision of an open source web3 future.
$GSWAP
$GSWAP is a new kind of DEX token with a program that perfectly suits GalaChain.
Anatomy of a GalaSwap Trade
Whenever a swap is placed or accepted on GalaSwap, the initiator of the transaction is required to spend $GALA as a fee. Currently, this fee is set to 1 $GALA for all swap transactions (placement or acceptance).
With the addition of $GSWAP, each trade will also result in $GSWAP being distributed to the user who accepted the swap.
Issuance of $GSWAP
$GSWAP is generated whenever a swap is accepted on GalaSwap. This will be on the current fair market value of $GALA, as taken from 3rd party centralized exchanges. The total USD fair market value of the $GALA portion of the swap will indicate how much $GSWAP will be distributed.
If a user accepts a swap for 1000 $GALA and fair market value at the time is reported as $.05/$GALA, then 50 $GSWAP is generated and distributed to that user.
Each day, 50% of the $GSWAP issued the previous day will be issued to the following Gala managed accounts:
40% to the $GSWAP Gala company wallet, to be used as designated by Gala.
20% to the Referral program , to be used to incentivize those who bring tokens onto GalaChain.
20% to the Marketing wallet, to be used for the marketing of GalaSwap
20% to the Market Maker Subsidy wallet, to be used to subsidize maker fees and incentives
Soon we hope to add bridging for $GSWAP, but for the moment the token is only being rolled out on GalaChain.
$GSWAP Live
$GSWAP is live right now! There’s never been a better time to explore GalaSwap!
Thank you for your ongoing support of the ecosystem. We hope this new GalaSwap program promotes healthy and sustainable growth of the GalaChain economy.
It’s almost time for an important update to the Gala Node ecosystem that will enhance rewards for the most active operators.
As the Gala ecosystem was building its infrastructure and first proving viability, Founder’s Node operators were rewarded for operation based on their ability to meet the minimum 6-hour uptime requirement during each 24 hour distribution period. This system should be familiar to all Founder’s Node operators today, as it is the system we have used for several years.
In this current system, 1 point is awarded to each Founder’s Node that has met its minimum uptime requirement for the day. Then the $GALA generated for the day is distributed proportionally to the allocation of the points. This straightforward system provides no incentive for Node operators to support the network by operating their Nodes for longer than 6 hours each day.
We’re looking for node operators who support our vision of building the largest decentralized network in the world, so we devised a solution that would a) remove the minimum uptime requirement,and b) reward those who run their Nodes around the clock.
The Long Term Plan
In 2021, it was first announced HERE (and decided through a decentralized governance vote) that the network would eventually shift to such a system. Amid the excitement of opening GalaChain to external development via tools like the GalaChain SDK and the Gala Creator Portal, as well as the web3 buzz surrounding the March 20-21 GalaChain Hackathon GDC competition, we’re thrilled to announce that the time has come.
These updates will go live soon, switching to the new distribution system and rewarding node operators based on a new point system, described in more detail below.
The Point System
The original point system was “pass or fail” with the operator receiving either 0 points for not meeting the requirements or 1 point for meeting the requirements.
The new point system allows operators to earn partial points, creating a more accurate reward structure based on actual operation time.
Every 6 hour period equals 1 point. Therefore the max points for a 24 hour day is 4.
Another way of phrasing this is through the following formula:
Points = (Seconds Online ÷ 3600) x (4 ÷ 24)
While this point structure is changing, the total amount of $GALA available in the daily distribution will not change, except when a dynamic supply event occurs as described in the Gala Ecosystem Blueprint.
The founders distribution still follows the same formula:
Point Value = Distribution $GALA Amount / Total Points
Reward = Points * Point Reward Value
Founder’s Nodes and Common Ground World Nodes
This change will initially only affect the distribution of $GALA from Founder’s Nodes and $DIRT from Common Ground World Nodes.
For Common Ground World Nodes, the 1 $DIRT received per day for an active node will now be the maximum that a Common Ground World Node will generate when active for 24 hours in a day. A Common Ground World Node that is active for 6 hours will receive .25 $DIRT, and so on.
Next Steps
This update is an important step in the process toward making tokenized licenses called Node Workload NFTs, which will allow Node operators to transfer their Node licenses to other users. Shortly after the start of this new distribution structure, we will convert Common Ground World Node licenses to the ecosystem’s first Node Workload NFTs. The tokenization of Founder’s Node licenses will follow shortly after.
Running the Newest Client
With a future update to this system, modifiers will be implemented that reward additional points to operators who run the newest version of the Node client or reduce points for running a deprecated version of the Node client. These details are still being fine tuned and we will share updates as they become available.
Thank you for supporting the decentralized Gala ecosystem, and we look forward to many more years of building and innovating through the power of GalaChain!
