Last Call for Mystery Boxes Time is running out to grab the $4.99 Mystery Boxes from NxWorries, featuring Grammy winner Anderson .Paak and Knxwledge. Each box offers three unique chances to win prizes, including $MUSIC and $GALA, an exclusive Gala Music remix NFT track, a Gala Music Jukebox Node, and signed memorabilia. Stack these limited-edition boxes and win big while you still can!
Rakim Drops you won’t Find Elsewhere Get ready for an exclusive drop this Friday from hip-hop legend Rakim. The EP features seven instrumental-only NFT tracks from his upcoming album “G.O.D.S NETWORK REB7RTH,” releasing on July 26th. Find these tracks on Gala Music at 1pm PT.
Feel the summer vibes with Emily Faye’s special 80s remix of “Summer Feeling,” mixed by Chuck Chuckachucka. This track is perfect for your summer playlist. Available now!
“Fearless,” the first single from Lil Xtra’s “Make It Through Fall” album, drops on Tuesday, July 16th at 1pm PT. This track delves into the struggles of physical pain and the lingering ache it leaves behind. Don’t miss it!
Marking the Gala Music NFT debut for Kouadis, “Streben Nach Oben” drops on Tuesday. It’s a song about determination, hope and perseverance through challenges. It’s an inspiring track that encourages belief in oneself and the pursuit of goals.
In the world of music streaming, it’s easy to think of “a penny here” and “a penny there” as insignificant, but it all adds up, and when royalties are going to fraudsters, it makes a huge negative impact on the industry.
A recent study reveals that streaming fraud robs artists of $2B in royalties annually. Gala Music’s web3 technology aims to solve this issue, ensuring fair compensation for artists and web3 as a whole presents an elegant solution to the ownership issue that plagues music today.
App Feature Updates The latest updates on the Gala Music app make it easier than ever to enjoy web3 music. Customize playlists, watch live performances, and stream as much as you want for free.
Gala Music is your web3 music network, and we’re not only empowering artists with new ways to create and sell their art– We’re empowering you by letting you have a say in what makes it to the platform next.
Use your free weekly NextUp votes to decide on three news tracks and one new artist to be added to the Gala Music platform. You can even spend some $MUSIC to unlock additional votes! Cast your vote now.
$MUSIC is the token that makes the Gala Music world go round. There are lots of ways to get it and lots of things to do with it. You can operate a Jukebox Node to power decentralized tracks and activate their rewards for owners and artists, or you can simply collect NFT tracks to share in the success of the artists.
Gala Music Tracks are always free to listen, and new NFT tracks are dropping every weekday. Each new NFT track is limited to only 100 digital copies, so if you want to build a reward enabling collection of your own, be sure to watch the drops and stay close!
You can also get your hands on $MUSIC even without owning a track or operating a node. Whether referring new users to Gala Music, engaging with one of our exclusive live stream events or simply discovering new music on a daily basis, there are tons of ways to empower yourself and start your $MUSIC collection.
Rakim’s epic entrance into web3 and exclusive alliance with Gala Music continues.
We just dropped the second NFT track from Rakim’s eagerly anticipated upcoming studio record, “G.O.D.S. NETWORK REB7RTH,” which will officially release on Friday, July 26th.
Leading up to the album drop, we’ve got a series of limited-time exclusive “REB7RTH” NFT tracks.
On July 5th, we dropped “Pendulum Swing,” Rakim’s first-ever fully orchestrated posse cut, featuring a stellar lineup including Kxng Crooked (Slaughterhouse), LA the Darkman (Wu-Tang), Caninus (Refugee Camp), and Chino XL.
You’ll now find the second limited-time exclusive track from the new record in the Gala Music store. Limited to only 100 copies, “GOD’S PLAYGROUND” is a reward enabled NFT that can generate $MUSIC on a daily basis for owners based on the platform success of the track. Any true hip-hop fan would be wise to collect this NFT set from Gala Music.
Another piece of “thought provoking excellence” as demonstrated by a beautifully orchestrated roller coaster of emotions. Rakim undertakes vocal duties, scratches and production duties on “GODS PLAYGROUND” to show the listener the full range of his versatility. Paired alongside Underground Legends, .38 Spesh, Fred the Godson (RIP) and Skyzoo, the collective focuses their message on the importance of not getting caught up in the rat race of life and maintaining your composure throughout all of life’s obstacles in order to truly succeed in any and all walks of life.
Moving toward the decentralized world of music we’re creating together, Gala Music is pleased to offer an exciting feature called NextUp, our innovative community governance system. The future of music means a more democratized and community-driven approach to the art, empowering you to have a direct say in curation and addition of new music and artists on Gala Music.
“Next Up” is designed to bring decentralized governance to the forefront of Gala Music. This feature allows our community to vote on new artists and tracks, making you an integral part of shaping the platform.
Every week, the Gala Music community is invited to vote, deciding on three tracks to add to the platform and one new artist
To learn more about the vision of Gala Music and our plans for a more decentralized world of music, read the Whitepaper.
How Does It Work?
Eligibility to Vote
If you have a Gala Account and a transfer code set up, you are eligible to vote. The transfer code is necessary because all voting is transacted on GalaChain, ensuring transparency and security. You can set up a transfer code in the Security area of your account’s Settings page.
Each Gala Music account gets one free vote. Additionally, for every Jukebox Node you own, you receive an extra vote, up to a maximum of 20 votes per voting period.
$MUSIC to Enhance Voting Power
Think of your $MUSIC as a great way to endorse your favorite artists and tracks, giving them an edge. In addition to your free vote, you can purchase additional votes for 5 $MUSIC each (any quantity. The world of web3 music runs on $MUSIC, so let’s let the $MUSIC do the talking.
Why NextUp Matters
The introduction of Next Up is a pivotal moment for Gala Music. Beyond a simple voting system, it is a testament to our commitment to decentralization and community involvement. By participating, you are helping to curate the new music and artists that will define the industry’s future, ensuring that our platform reflects the diverse tastes and preferences of our community.
Be a Part of the Future
With Next Up, we are laying the foundation for a robust and inclusive governance system. But this is just the beginning. Your feedback and participation will be crucial in refining and expanding this feature to make it even more impactful in the future.
Ready to make your voice heard? Ensure your Gala account is set up with a GalaChain transfer code. A new voting round kicks off at the beginning of every week, so cast your vote now and be part of this revolutionary step towards a more community-driven music ecosystem.
Stay tuned for more updates and be prepared to welcome new artists and tracks every week with NextUp. Let’s create the future of music together.
Another exciting week of our Hot Gala Summer is in store, packed with special track drops and exclusives, so let’s get right into the Gala Music highlights!
RAKIM’S REB7RTH
As we continue to set the stage for the release of G.O.D.S. NETWORK “REB7RTH”, Rakim’s 2nd limited time exclusive NFT track drops this Friday on Gala Music. This week’s track is “GOD’S PLAYGROUND,” landing at 1pm PT on Friday, July 12th.
Next Friday (July 19th), Rakim is dropping a special EP with 7 instrumental tracks from the new record. Each of these tracks will be indefinitely exclusive to Gala Music (you won’t hear them anywhere else), making them a stunning collector’s set for a Gala Music early adopter.
Last Friday, Rakim made his Gala Music debut with “PENDULUM SWING.”
Following up from her Gala Music debut last month with “My River, She,” Phenix Red is ready to drop a new banger with her authentic gutty soul Nashville hip-hop style. “Wolverine” is a heartfelt reflection on the inauthenticity that runs rampant in the music industry today, from a powerful voice that’s not afraid to speak the truth. Look for “Wolverine” in the store starting at 1pm PT on Wednesday, July 10th.
Get ready for an unforgettable and hypnotic track as Jaq’s alter-ego takes the mic this time. Jaq’s unique genre-bending sound and musical abandon promise a thrill that all listeners will enjoy. “Behave” drops on Friday at 1pm PT. Listen now and watch the video through the link below.
Aspect Zavi has a gift for weaving multi-genre elements seamlessly together for his exquisite tracks, and his newest drop, “Holy Spirit,” is no exception. Check out this action-packed and light-filled anthem and you’re sure to find inspiration even in your darkest hour. Listen now and look for “Holy Spirit” to land today (Tuesday, July 9) at 1pm PT.
Music is pioneering its way into web3, making a better and brighter future for artists than ever before. The new article from crypto industry news leader Cointelegraph explores this paradigm shift from the artists’ perspectives. Music has a rich history of evolving and updating itself based on the latest technology, and the web3 revolution is no exception to the rule. Check out the Cointelegraph article now.
Hot Gala Summer: The Playlist
Check out a sweet curated collection of music from our Hot Gala Summer, sure to cool you off and get you grooving.
With over a dozen new tracks landing throughout the week, there is something for everyone to enjoy.
Get some $MUSIC
Don’t forget! You can get rewarded in $MUSIC just for listening to unique tracks when you qualify for reward points. Check out all the ways you can collect $MUSIC rewards for engaging with our web3 music ecosystem on the Referrals & Rewards page.
Vote on What’s Next
With the NextUp community voting system, you get a say in the next tracks and artists to join the platform. A new vote every week decides on three new tracks and one new artists to bring in, and every user gets a free vote– Cast yours on the NextUp page!
Keep on jamming with the latest Gala Music, and enjoy those Hot Gala Summer vibes!
Imagine owning a unique digital collectible, like a piece of art, a video clip, or an in-game item, that you can prove you own and can trade securely. This is made possible by non-fungible tokens, or NFTs. An NFT is a type of digital asset that represents ownership of a unique item or piece of content, verified through blockchain technology. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and can be exchanged on a one-to-one basis, NFTs are unique and cannot be exchanged on a like-for-like basis.
Gala Games first started creating NFTs in 2020, such as playable items for Town Star (now known as Common Ground World), building and land deeds for Mirandus and more. The unique capabilities of NFTs is especially demonstrable in gaming, where players want the freedom to own the gaming items they collect. For the Gala ecosystem as it continues to grow, the endless possibilities of NFTs have already been extended far beyond gaming.
How Do NFTs Work?
To understand NFTs, let’s break down their key components and processes:
1. Tokenization
Tokenization is the process of creating a digital token on the blockchain to represent an item (digital, physical or conceptual). Ownership of the token is then ownership of whatever the token represents. For example, the owner of a Mirandus Homestead NFT will also be the owner of a piece of real estate in the world of Mirandus – specifically, a Homestead to use as their home base in the game.
2. Blockchain Technology
NFTs are typically built on blockchain platforms such as the widely known Ethereum Virtual Machine. Each NFT is recorded on the blockchain, ensuring transparency and immutability. This means the ownership and transaction history of the NFT are publicly verifiable and cannot be altered. Another term for this is immutability.
3. Smart Contracts
NFTs use smart contracts to define the terms of ownership and transfer. These contracts automatically execute when certain conditions are met, ensuring secure and transparent transactions. Smart contracts allow NFTs to have functions, utilities and behaviors, or special unlocked perks for owners.
4. Metadata
NFTs include metadata that describes the unique properties of the token, such as the creator, description, and any associated media files. This metadata is stored on the blockchain and often includes a link to the digital asset.
Why are NFTs Important?
NFTs are transforming the way we think about ownership and value in the digital world. Here are some key reasons why NFTs are important:
Proof of Ownership
NFTs provide indisputable proof of ownership of a digital asset. This is particularly important for artists, musicians and creators who want to authenticate their work and ensure they are recognized and compensated for their creations. Additionally, it is important for collectors interested in maintaining the value of their collected asset.
Scarcity and Value
NFTs can represent scarce digital assets, creating value through rarity. Collectors and enthusiasts are sometimes willing to pay significant amounts for unique digital items, much like rare physical collectibles. One clear (but often overlooked) benefit to collecting digital items versus physical items is that there is no deterioration of quality over time. For example, a digital trading card has no need to be properly stored or protected from the sun. There is no need for quality or conditional grades in terms of digital collectibles. No matter how much they are used or traded, the quality and integrity of the item will remain the same, unless a degradation mechanic is programmed into the associated smart contracts.
Interoperability
NFTs can be used across different platforms and applications. For example, an NFT representing an in-game item can be traded or used in various games or virtual worlds, enhancing its utility and value. In the more recent web3 world, this has been demonstrated by numerous bridges, which allow tokens to migrate from one blockchain to another. The bridge is an appropriate analogy for this action, as different blockchains are typically divided by rivers of variation in how they operate.
Royalties and Revenue
Smart contracts enable creators to earn royalties every time their NFT is resold. This ensures that artists and creators can continue to benefit from the increasing value of their work. This is simply demonstrated on Ethereum’s most popular secondary marketplace, OpenSea, where NFT collectors list collections that can then be traded peer-to-peer among blockchain users. Whenever an item is traded, the original creator receives a portion.
On Gala Games, smart contracts can enforce revenue shares with second and third party creators whenever NFTs are sold in primary sales. On Gala Music, artists can arrange their track’s NFT sales to automatically split revenue with parties of their choice, making it easy for them to work with an agent, producer or collaborator.
Innovation and Creativity
NFTs are driving innovation and creativity in various fields, including art, music, gaming and sports. They offer new ways for creators to monetize their work and engage with their audience. Over the past several years, the overall quality of digital art has been elevated by the existence of non-fungible tokens, and artists have enjoyed new ways to monetize their creativity.
Real-World Applications of NFTs
Digital Art
Artists can create and sell unique digital artworks as NFTs. This allows them to reach a global audience and receive direct compensation for their work. High-profile sales, like Beeple’s “Everydays: The First 5000 Days,” which sold for $69 million, have brought significant attention to NFTs in the art world.
Music
Musicians can tokenize their music, offering exclusive tracks, albums, or concert tickets as NFTs. This provides a new revenue stream and a way to connect with fans. Gala Music has already been pioneering in this field for some time, giving artists new ways to interact with their fans and monetize their art.
Gaming
On Gala Games, smart contracts make it easy to work with second and third party creators whenever NFTs are sold in primary sales. On Gala Music, artists can arrange their track’s NFT sales to automatically split revenue with parties of their choice, making it easy for them to work with an agent, producer or collaborator.
Film
Earlier this year, Gala film hit the ground running with a solid plan to revolutionize the film industry through tokenization and web3 tech. Creating a way for viewers to watch exclusive content freely with no subscriptions or fees while also receiving rewards for their activity, Gala Film is taking filmmakers and film fans deeper into the stories.
Sports
Sports franchises and athletes are leveraging NFTs to create unique fan experiences. Collectible NFTs, such as digital trading cards and highlight reels, offer fans a way to own a piece of sports history. NBA Top Shot, a platform for buying and selling officially licensed NBA collectible highlights, has become incredibly popular.
Virtual Real Estate
NFTs are also used to buy, sell, and trade virtual real estate in digital worlds and metaverses. Platforms like Decentraland and The Sandbox allow users to own and develop virtual land, creating new opportunities for investment and creativity.
Gala Games has already explored many forms of digital real estate, such as the Taverns in TCG Legends Reborn that allow players to host PvP matches for a share of the rewards, buildings and estates in Mirandus, or even entire planets in Echoes of Empire.
GalaChain and NFTs
The GalaChain ecosystem, powered by the $GALA token, is at the forefront of integrating NFTs into gaming and entertainment. Here’s how GalaChain utilizes NFTs:
In-Game Items
GalaChain allows players to own and trade many of their in-game items as NFTs, providing true ownership and the ability to monetize their gameplay.
Interoperability
NFTs on GalaChain can be used across various games and applications throughout the ecosystem, making it possible for creators and owners to enhance their utility.
Creator Tools
Through the GalaChain Creators Portal, GalaChain provides tools for creators to develop and deploy their own NFTs, fostering innovation and expanding the ecosystem’s offerings.
The Future of NFTs
As NFTs continue to evolve, their potential applications and impact are vast and far-reaching. Here are some trends to watch:
Mainstream Adoption
As awareness and understanding of NFTs grow, we can expect to see broader adoption across various industries. More artists, musicians, brands and businesses will explore NFTs as a way to engage with their audiences and monetize their digital items.
Enhanced Utility
Future developments will focus on enhancing the utility of NFTs, enabling more complex and interactive applications. This could include NFTs that evolve over time, integrate with physical items or offer access to exclusive experiences and communities.
Interoperability and Standards
Improving interoperability between different blockchain platforms and establishing industry standards will make it easier for NFTs to be used across various applications and ecosystems. Interoperability has always been a cornerstone of Gala’s approach to web3 empowerment.
Sustainability
The environmental impact of NFTs, particularly on energy-intensive blockchains like Ethereum, is a concern. Future developments will focus on creating more sustainable and energy-efficient blockchain solutions for NFTs such as GalaChain.
5. Regulatory Frameworks
As NFTs gain popularity, regulatory bodies will develop frameworks to protect consumers and ensure fair practices. Clear regulations will help legitimize the NFT market and encourage responsible innovation.
NFTs Aren’t Going Anywhere
NFTs are revolutionizing the concept of digital ownership and creating new opportunities for creators, collectors and users. By leveraging blockchain technology, NFTs offer secure, transparent and verifiable proof of ownership, transforming industries from art and music to gaming and sports.
Ecosystems like Gala are at the forefront of this revolution, integrating NFTs into gaming and entertainment in innovative ways while facilitating the development of NFT capabilities across multiple world industries. As the technology continues to evolve, NFTs will play an increasingly important role in the digital economy, driving innovation and creating value in the web3 era.
Stay tuned for more blogs in our explainer series, where we’ll dive deeper into the fascinating world of Web3 and its key concepts!
