by Gala Film | Feb 20, 2024 | Gala Film
In the realm of decentralized entertainment, Gala Film emerges as a revolutionary platform, empowering filmmakers and rewarding film enthusiasts with a unique tokenized ecosystem. At the heart of this ecosystem lies $FILM, the platform’s utility and reward token.
$FILM has not yet been created on GalaChain, but details of the current token rollout plan can be found in the Gala Film Litepaper, as well as briefly outlined in this blog.
What is POPCORN!?
For their early support of the Gala Film ecosystem, Screen Node operators have received rewards in the form of POPCORN! Buckets. These special units of POPCORN are essentially mint allowances for the creation of $FILM after that token is initially allocated.
Initial Conversion of POPCORN! to $FILM
With the current plans for $FILM’s initial token creation event, holders of POPCORN! Buckets will receive $FILM at a ratio of 10 $FILM to 1 POPCORN!, with additional $FILM bonuses determined by the size of your POPCORN! Buckets.
Ongoing Conversion of POPCORN! to $FILM
Following the initial $FILM token creation, POPCORN! will still be issued as the initial reward for Screen Node operators and anyone else who has earned $FILM rewards through various platform interactions. This will act as a mint allowance that users can mint (converting into $FILM) when they choose, taking advantage of POPCORN! bonuses by minting larger amounts of $FILM at a time.
What is $FILM?
Now let’s explore the core utility token of Gala Film and its uses throughout the ecosystem.
$FILM is a forthcoming GalaChain minted token that will serve as the primary currency for transactions within the Gala Film ecosystem, enabling users to:
- Support Film Projects: Users can contribute their $FILM to their favorite film projects, receiving rewards such as early access, exclusive behind-the-scenes content, and more.
- Earn Rewards: Active users can earn $FILM through various types of platform interactions, including watching films, engaging with content, and participating in community activities.
- Govern the Platform: $FILM holders will also play a crucial role in governing the Gala Film platform, voting on proposals that shape its future direction and pioneering in the democratized future of film.
Utilities for $FILM
Viewers, artists and collectors will earn $FILM rewards, then use them to dig even deeper into the Gala Film ecosystem, enriching the experiences, expanding the stories and bringing the decentralized world of film to life. Here are some of the initial utilities for $FILM:
- Backing pitches for new films
- Creating film pitches
- Purchasing items on the platform
- Purchasing Screen Nodes
- Connecting with Creators
- More to come
Ways to Earn $FILM Rewards
$FILM plays several roles in the Gala Film ecosystem, with each role focused on a different type of reward, encouraging a diverse economy that rewards all types of users while incentivizing user engagement. Rewards will be distributed daily for:
- Node Operation: $FILM is earned by individuals running Screen Nodes, which provide decentralized storage and computing power for the platform.
- Content Distribution: $FILM is used to reward users for sharing and promoting content, expanding the platform’s reach and attracting new users.
- Content Incentivization: Filmmakers and content creators are rewarded with $FILM based on the viewership and engagement of their content.
- Ecosystem Supporting Behaviors: What’s good for the platform is good for everyone, so engagement that supports the health of Gala Films will be rewarded.
$FILM and POPCORN! stand as cornerstones of the Gala Film ecosystem, fueling its decentralized operations, incentivizing user engagement, and rewarding those who contribute to its success. , $FILM is poised to play a significant role in shaping the future of film entertainment through the Gala Film ecosystem.
Coming attractions will soon come to a close, and it’s almost time for our feature presentation! Get ready to reshape the world of film through the power of GalaChain.
Learn more about Gala Film in the Litepaper
by GalaChain | Feb 15, 2024 | Gala
It has been a wild ride from a gaming startup with a powerful vision to an undisputed innovation leader in entertainment and beyond. Along the way, we’ve learned a lot about what the world needs, and it’s much bigger than a gaming company.
This blog explains why you’ll be seeing Gala Games less and Gala more. We are a massive and rapidly growing web3 ecosystem. We are becoming more open and decentralized every day, and we’re removing the barriers to mainstream blockchain access one by one. Basically, what we’re doing is a lot more than fun and games.
The Story to Now
Gala Games was started by experts in both gaming and blockchain who saw the true potential of converging these two industries. Gaming was one of the easiest ways for newcomers to understand the capabilities of web3 tech. For example, we made deals with some of the most legendary game devs in the world to ship games on the Gala Games platform.
Once we opened the Gala vision up to the broader entertainment world, it was on. While Gala Music and Gala Film were being created, our blockchain developers were hard at work building a native layer-1 blockchain that would serve as the foundation of the entire ecosystem. It was a thing of beauty.
Once we got a taste of what GalaChain was capable of, new potential applications began to emerge one after another. Then in early 2024, we took several huge leaps toward empowering not only Gala devs, but external teams with innovative visions of their own. By releasing the GalaChain SDK and Gala Creator portal, we made it easier than ever for developers to build on our chain with little to no assistance needed from us.
That brings us to the present, where GalaChain is open for business, ready to level up the greatest ideas in the world and bring them to life in web3, where they belong.
All About the Chain
GalaChain is what powers this incredible and rapidly growing ecosystem. It’s not about the games, the music or the film–It’s about the empowerment and the world-changing potential of a more open and decentralized future.
We are Gala… and So Are You
Galachain is not simply a blockchain that was created for a company that makes and ships games, no matter how awesome and empowering those games may be. We’re in the business of empowering everyone, not just the people on the Gala payroll and we know that what’s coming to this ecosystem will be nothing short of incredible.
Welcome to a new era of Gala, focusing on GalaChain and uplifting numerous platforms and projects within the ecosystem. You’ll love this community just like we do.
by Chris Roberts | Feb 12, 2024 | Gala Film
We’re making the empowerment of web3 simpler than ever before, but sometimes it’s best to break down the core concepts–This way we can help you really understand what this groundbreaking tech can do for you. The revolutionary ideas of Gala Film are going to reshape the future of the industry, breathing new life into cinema by making it more enjoyable and more rewarding.
The four core concepts below are the simplest way of expressing how we plan to change the world of entertainment with Gala Film. Check it out.
Learn more about Gala Film in the Litepaper
Watch
Delivering free, high-quality, and enjoyable content in the 21st century is a barrier to some services, but not Gala Film. Everyone will have the ability to enjoy exclusive Gala Film content for free.
Unlock
By giving you a chance to unlock more content, you can look deeper into your favorite stories. We love gamification, and GalaChain allows us to turn life into a playful adventure. Start opening mystery boxes and assembling the Shards you’ll find within to unlock Director Cuts and dive deeper into the stories you love.
What do we mean by looking deeper? Wouldn’t it be awesome to have an exclusive look into what made that villain so evil, or what happened to the ex after the breakup? Maybe you’re hungry for a segue into the next episode or upcoming sequel. Unlocking exclusive content empowers the viewer to take the best seat in the house, experiencing stories from a metaverse perspective. Only on Gala Film can exclusive content unlock more of the story.
Own
The primary way for Gala Film users to own items and generate rewards is through Moments, individual units of scenes extracted from a film or series. Each Moment rewards owners every time that film is watched, and Moments come in a variety of rarities. In the same way that shards combine to form Director Cuts, Moments combine to form Scenes.
A Scene is a completed collection of Moments, and when full Scenes are created your daily rewards will increase. More information about rewards can be found in the Litepaper linked above. Moments are purchased in Moment Packs through the Gala Film store, or found within Premium Mystery Boxes.
Host
Screen Nodes are the foundation of Gala Film and what makes us unique and innovative – hosting every film, episode, director cut, trailer & more. Anyone can purchase a license to operate a Screen Node. By running your licensed Screen Node, you can power the ecosystem and receive daily $FILM rewards for your contribution!
Something for Everyone
Everyone watches video content, and everyone loves getting more out of the content they enjoy most. Watch your favorite content for free, earn rewards for supporting the ecosystem, and unlock exclusive content that allows you to get deeper into the stories you love.
Web3 is changing everything, and not only for viewers, listeners and gamers. The Gala Film model will encourage film artists of all types to level up into the web3 world. Imagine professionals like cinematographers, directors, actors, costume designers, writers and more, all realizing the potential of web3 for their artistic careers.
By introducing regular users to Gala in this simple way, we can illustrate its benefit when it comes to things they’re already doing, like watching movies, listening to music and playing games. Once they understand its power, every user can decide to empower themselves through ownership and enhance their rewards whenever they are ready!
We’re about to open up the film industry on a web3 scale. Thanks for being part of the journey–Get ready to watch, unlock, own and host the best video content you’ve never seen before.
Gala Film
by Gala Film | Feb 5, 2024 | Gala Film
We’ve been working hard here at Gala Film to bring a full-scale launch to you during 2024. Building out the film platform of the future does take some work, so we wanted to touch base with the community about what we have planned throughout the year as we bring Gala Film live piece by piece.
Act 1: March and April, 2024
Within the next two months, we’re planning to bring at least three films picture locked on the platform including our Launch Film which we’re targeting this time period to push live.
By the end of this period, we’re targeting Films and Series being streamable on the platform and hosted by Film Nodes. During this timeframe we also want to get POPCORN distributions online for both Moments and Nodes, incorporate Distribution Boosts and debut unlockable content experiences.
We’re also planning a comprehensive overhaul to film.gala.com during this time, to bring it up to the new standard set by the recent facelifts to the Games and Music platforms.
Act 2: May through June, 2024
During this timeframe we will continue to expand the platform and features in the leadup to a full release. At this time, we’re targeting having an additional six films picture locked, with releases beginning to stream out.
This is the time period when we’ll be targeting the token launch for Gala Film, incorporating bridging and implementing other token utilities to bring Gala Film more into touch with GalaChain and the greater Gala Ecosystem.
This is when users will begin to see more robust User Profiles and a community progression system on the platform as more ways to interact with Gala Film become available.
Act 3: July through End of Year
During the last six months of 2024, we plan to have an additional nine films picture locked, bringing the total on the platform to at least 18. By this time, it is our intention that films will be released regularly, with the community fully aware of the planned release cycle.
Additional token utility and site enhancements will continue to roll out during this phase as we complete the launch cycle of Gala Film.
Building for the Future
It’s important to note that there will still be a ton more coming after this release cycle. This is a very important year for Gala Film, and we want to be as forward as possible about our plans with the community who has supported us.
We plan on putting more information out across the next few months detailing more specifically how Gala Film will work, and what we’re building towards. We’ve always been very active with our community in Discord, but we’ve moved past the beginning of this project where things are moving quickly and evolving continuously. Now that we’re laser focused on our goals, we want to build this into a readily accessible source of information on Gala Film over time.
We’ll still always be very active with our Discord community in addition to creating more documentation and information here – join us in the Gala Film Discord to always keep in the loop on the latest!
Development isn’t always a linear path, so expect some degree of the unexpected along the way. We will continue to pivot to challenges as they arise to provide the best possible experience to our users. We will try, however, to update the community here should we deviate too wildly from this roadmap over the next year.
Thank you all for being a part of Gala Film. Let’s build the future together.
