گالا GALA / Gala

What is Gala?

Gala is a web3 ecosystem powered by a layer-1 blockchain (GalaChain) built to power the Gala entertainment ecosystem that originally included Gala Games, Gala Music and Gala Film. More recently however, GalaChain has opened its doors to external developers and projects from any applicable industry, providing open source developer resources to simplify the process.

On a mission to empower users and creators across multiple industries throughout the world, Gala’s goal is to become the first billion user blockchain in the world. Innovators can extend the benefits of web3 to their users and communities more easily than ever before by leveraging open source tools like the GalaChain SDK and Creator Portal.

By elevating their ideas to web3 through GalaChain, developers can create custom tokens, smart contracts, reward opportunities and node networks for their communities and projects. Assets built on GalaChain can also be bridged to other blockchains, such as Ethereum, Binance Smart Chain and more. Developers who wish to learn more about getting involved with GalaChain are welcome to reach out via GalaChain.com.

The core of GalaChain is powered by its DePIN (Decentralized Physical Infrastructure Network) 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.

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What is $GALA?

$GALA is the official ecosystem token of Gala, serving primarily as a utility and gas token for transactions on the blockchain.

Gala never executed an ICO or other initial issuance event for the $GALA token. Instead, new $GALA entering the circulating supply is issued exclusively to Founder’s Node operators as rewards for powering the decentralized ecosystem.

More in-depth information on the $GALA token and the greater Gala ecosystem can be found in the Gala Ecosystem Blueprint (PDF).

Who is the Founder of Gala?

Gala was founded in 2019 by Zynga co-founder Eric Schiermeyer, a pioneering leader in the development of social and blockchain gaming with a proven track record of success when building in new tech sectors. Joined early by leading developers in the blockchain industry and leading players in game development, Schiermeyer set the stage for Gala as a future leader in the web3 world.