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Gala

GALAUSD
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0.002

+0.000+1.75%
TradingKey Chart
Time
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15m
30m
1h
4h
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W
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D

Today

+1.75%

5 Days

+0.87%

1 Month

+21.47%

6 Months

-18.31%

Year to Date

-59.93%

1 Year

-84.83%

Key Data Points

Opening Price

0.002

Previous Closing Price

0.002
Price Range of the Day
0.0020.002
52-Week Price Range
0.0010.016
Recent
Analysis
More news coming soon, stay tuned...

Gala Technical Analysis

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Technical Indicators

Neutral

Summary

Neutral

Moving Average

Neutral

About Gala

Gala is a web3 ecosystem powered by a layer-1 blockchain called GalaChain, which was built to support the Gala entertainment ecosystem that originally included Gala Games, Gala Music, and Gala Film. However, GalaChain has since opened its doors to external developers and projects from various industries, providing open-source developer resources to simplify the process of building on the blockchain. Gala's mission is to empower users and creators across multiple industries worldwide and to become the first billion-user blockchain. By leveraging open-source tools like the GalaChain SDK and Creator Portal, innovators can extend the benefits of web3 to their users and communities more easily than ever before. Developers building on the GalaChain ecosystem have the ability to create a wide range of custom solutions for their communities and projects, including custom tokens, smart contracts, reward opportunities, and node networks. Assets built on GalaChain can also be bridged to other blockchains, such as Ethereum and Binance Smart Chain. The core of GalaChain is powered by its Decentralized Physical Infrastructure Network (DePIN) of Founder's Nodes, whose operators earn daily $GALA rewards for actively providing resources to the ecosystem and enjoy governance voting rights on certain core Gala decisions. In addition to the Founder's Node network's foundational workload, individual projects can also create node networks on GalaChain with more specific workloads.

Who founded Gala?

Gala was founded in 2019 by Eric Schiermeyer, a co-founder of Zynga and a pioneer in the development of social and blockchain gaming. Schiermeyer assembled a team of leading developers in the blockchain industry and game development to lay the foundation for Gala as a leader in the web3 space. As of 2024, Gala has over 350 full-time employees across its core brands of Gala Games, Gala Music, Gala Film, and GalaChain.

What makes Gala unique?

Several key factors set Gala apart from other web3 projects: 1) GalaChain, Gala's powerful layer-1 blockchain designed to power its decentralized entertainment ecosystem; 2) A developer-friendly approach with open-source tools like the GalaChain SDK and Creator Portal to simplify building on the chain; 3) A highly decentralized structure powered by independent node networks, including the core Founder's Node network; 4) No ICO - Gala was funded solely through the sale of products like Founder's Node licenses and game/entertainment NFTs; and 5) A token burning mechanism where GALA used as gas is permanently removed from the total supply.

What is the current status and future plans for Gala?

As of August 2023, Gala has over 350 full-time employees and has successfully launched its core entertainment brands in gaming, music, and film, all powered by the GalaChain blockchain. The company is working towards its ambitious goal of becoming the first blockchain ecosystem with over 1 billion users by continuing to expand its developer-friendly tools and infrastructure, onboarding new projects and communities, and growing its decentralized node network. With a focus on empowering creators and users across multiple industries, Gala aims to be a leading player in the mainstream adoption of web3 technologies.

Gala

0.002
+0.000+1.75%
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