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!
Hip-hop legend Rakim, also known as The GOD Emcee, is making a historic return to the music scene with his first release in 15 years, and he’s doing it exclusively on Gala Music. 🔥
We just dropped the first in a series of highly anticipated NFT tracks, available now while supplies last and offering fans a unique opportunity to own a piece of hip-hop history. These tracks are exclusive to Gala Music for the first three weeks, setting the stage for Rakim’s groundbreaking entry into the web3 music world.
God’s Network: Reb7rth
Rakim’s first solo studio album release in 15 years lands on all DSP’s July 26th.
Instrumental Track Releases
On Friday, July 19th, look out for 7 additional instrumental tracks from “God’s Network: Reb7rth” to hit the Gala Music store. These special instrumental tracks will only ever be available on Gala Music!
NFT Track Highlights
Gala Music will release 3 tracks from the new record as NFTs over the coming 3 weeks.
Rakim’s first fully orchestrated posse cut features a star-studded lineup, including Kxng Crooked, LA the Darkman, Caninus, and Chino XL. This track is a masterful display of lyrical prowess, making it a must-listen for hip-hop enthusiasts.
This thought-provoking track features Rakim’s versatile talents, with vocal, scratches and production duties. Joined by .38 Spesh, Fred the Godson (RIP) and Skyzoo, the track explores the theme of maintaining composure through life’s challenges. The emotional climax features a heartfelt prayer by DMX (RIP), underscoring his impact on the hip-hop community.
The “God’s Playground” track NFT will drop on July 12th at 1pm PT.
“LOVE IS THE MESSAGE” – Dropping July 26th
Dubbed “one of the most beautiful and complete pieces ever created,” this track showcases Rakim’s powerful vocals and production, backed by an ensemble including Nipsey Hussle (RIP), Planet Asia, Louis King, Snoop Dogg and a choir led by Sally Green and Kobe Honeycutt. The track delivers a poignant reminder that love conquers all amidst life’s turmoil.
The “Love is the Message” track NFT will drop on July 26th at 1pm PT.
Early Exclusives
By making these tracks exclusive to Gala Music, NFT track owners are set for significant rewards. Each track is limited to just 100 copies, ensuring their rarity and collectible value. While anyone can listen to the songs, NFT track owners will qualify for daily $MUSIC rewards when their tracks are hosted on an active Jukebox Node.
Rakim, known for his transformative influence in hip-hop, elevates the art of MCing with intricate lyrics and innovative flows. His partnership with Gala Music marks a pivotal moment for the platform and the music industry, bridging the gap between traditional music artistry and the future of decentralized music.
Don’t miss out on this exclusive drop. These tracks are expected to be in high demand, especially in the first few weeks. Listen now and be part of this historic moment in hip-hop.
More to Come from Rakim
Get ready for more excitement from Rakim, like the 7-track instrumental EP dropping on July 19th! 🤯
Get ready to feel the vibrations as Thrill, the dynamic duo composed of Kumasi and Chyno Soul, makes their electrifying debut on Gala Music. Thrill brings together frequencies of the stars that light up any room, sending chills and thrills through all who listen. Residing in Los Angeles, Thrill is here to elevate the vibrations of earthly beings, bringing their unique sound and star power to the forefront. Thrillionaires unite as one!
The NFT track sale of “Touchdown Sexy AMF” starts tomorrow, July 3rd at 1pm PT. Limited to only 100 digital copies, this track is your chance to join Thrill and share in their success as they start their Gala Music journey!
“Touchdown Sexy AMF”
Thrill defines sexy with confidence in their debut track “Touchdown Sexy AMF.” With a confident frequency beam that shines brightly, this track embodies the essence of being Sexy AMF. Dive into the world of Thrill and experience a blend of hip hop rap and world music that will leave you captivated and wanting more.
Join us in welcoming Thrill to the Gala Music family. Don’t forget – When you own a Gala Music NFT track like this one, you can unlock daily $MUSIC platform rewards simply by pairing your track to an active Jukebox Node, powering the network and empowering your account at the same time!
If you’re ready for greater rewards, consider becoming a Jukebox Node operator and powering the decentralized Gala Music ecosystem. Right away, you’ll be able to host 10 tracks (yours or someone else’s) to share in their rewards! Learn more about Jukebox Nodes here.
At Gala Music, we’re all about empowering artists, fans and collectors to create a new world of music where anyone’s success is everyone’s success. Incentives to share are some of the most important ways that we can empower everyone while improving the platform’s long term success and scalability.
Tracing today’s web3 back to its earliest days will reveal a narrative whose backstory began with marketing ideas such as loyalty programs, incentives and networking. The founder of Gala saw an ecosystem where everyone was stronger together, recognizing that if an entertainment company could properly incentivize its users to share the vision with new users, then everyone could benefit from the money saved that would otherwise go to social media advertising companies and their stranglehold on web2 marketing. By pairing this revolutionary idea with the empowerment made possible by blockchain tech, Gala was able to thrive by rewarding its early adopters.
If you’re familiar with Gala Music at all, you already know that you can own NFT tracks for a share in the daily $MUSIC generated by the plays of your track on the platform. But you may not realize that there are tons of other ways (besides track ownership) to start stacking $MUSIC rewards of your own!
Gala Music Rewards
In Gala Music, engagement rewards are simple and (in true Gala fashion) somewhat gamified. Using a daily distribution point system, we are able to add yet another strategic dimension to your Gala Music experience. Each day, a portion of new $MUSIC is available for distribution as rewards for activity on the platform.
Qualifying actions for these rewards are designated in the Whitepaper as Ecosystem Supporting Actions. Making up 25% of the generated $MUSIC on a daily basis, they are designed to promote the growth of a healthy ecosystem and give all users a way to generate $MUSIC simply by engaging with Gala Music. For most rewards, there is no requirement to own NFT items, and for some, there is no spending prerequisite of any kind!
To determine the amount of $MUSIC that a user will receive for their interaction, various platform sharing activities qualify the user for various numbers of points. Then at the end of each 24 hour period, $MUSIC rewards are distributed proportionally to those points.
Below is the current list of point-qualifying actions and how many points are received for each.
A referred user purchases and pairs an NFT track – 1 Point
A referred user purchases a Jukebox Node – 15 Points
As the Gala ecosystem continues to grow, your referred users will continue to be connected to you for various rewards and situations where you may receive credit for referring them. Do not underestimate the power of referrals in the web3 world. With Gala’s dream of onboarding the first billion users to blockchain in the entire world, imagine how many of those could be your referrals!
How to Share
You’ll find your referral link in multiple locations of your Gala Music account, such as at the top of the Referrals and Rewards page.
Additionally, if you use the social share option on individual tracks to share directly on social media, your referral will automatically be connected when your friends create an account as a result of your share.
That’s it! Get out there and start sharing your favorite Gala Music tracks and referring new users. 🔥
