cryptocurrency widget, price, heatmap
Search icon
Search icon
Telegram iconTwitter icon
Share icon
Share page
Gala price, market cap on Coin360 heatmap

Gala(GALA)

Arrow icon
Add to watchlist
$0.070082
(5.99%)
0.00000288 BTC
Market Cap (Rank#97)
$488,974,534
20,121 BTC
Vol 24h
$194,754,674
8,014 BTC
Circulating Supply
6,977,205,436
Max Supply
?
2 days agocryptopotato
Gala Partners With Stick Figure Productions to Distribute Four Down on the Blockchain
[PRESS RELEASE – Jackson, WY, USA, 11th August 2022] Gala, one of the leading innovators in blockchain gaming and music, has announced the launch of Gala Film. This new vertical from the world-leading Web3 company continues the brand’s commitment to providing fans with unique opportunities to enrich their experiences coupled with amazing programming and exciting […]
2 days agocryptodaily
Gala is announcing a partnership with Stick Figure Productions to distribute Four Down on the Blockchain
Jackson, WY, USA, 11th August, 2022, ChainwireGala, one of the leading innovators in blockchain gaming and music, has announced the launch of Gala Film. This new vertical from the world-leading Web3 company continues the brand’s commitment to providing fans with unique opportunities to enrich their experiences coupled with amazing programming and exciting projects. With this announcement Gala Film also shared they will partner with Oscar-nominated and Emmy Award Winning Stick Figure Productions to present FOUR DOWN, a feature-length documentary directed by award-winning filmmaker Steven Cantor based on the New York Times best-seller NOT WITHOUT HOPE, written by Nick Schuyler and Jere Longman. Other notable upcoming projects/partnerships include: A partnership with Ai&Aiko, one of the most popular GIF lines in history was awarded GIPHY’S Number 1 Artist of the Year with over 48 billion views and holds 4 Guinness World Records. This will see Peter Draw’s simplistic and charming visual storytelling brought to life through the Gala Film platform A partnership with Filmmaker and Actor, David Bianchi (“True Story’’ Netflix, “Resident Alien” Universal / Peacock) and founder of Exertion3 (a blockchain film production company) to produce Live Action Sci-Fi Series “RAZOR” for Exclusive Blockchain Release A partnership with Battle Island in the production of their animated series ‘Ghosts of Ruin’ (see more here) Making the Chronic’ - a series of 16 short films where Snoop Dogg narrates each of the tracks on his album released through Gala Music The core benefit of Gala Film is its ability to offer a ‘Watch and Earn’ mechanic through the same blockchain technology that underpins Gala Music’s ‘Listen and Earn’ and Gala Games’ ‘Play and Earn’ ecosystem, offering fans ways to earn rewards through nodes and NFTs. With Gala Film, fans now have the power to actively participate in the content they consume, take control of their entertainment through digital ownership and support new projects by voting on script choices or casting. Filmmakers and artists can also reclaim their creative licence through a deeper connection with their audiences and the ability to distribute their content directly to the people that want to watch it. By adding film alongside its successful music and games platforms, Gala is also able to offer an interoperable ecosystem where fans can benefit from crossover content. Sarah Buxton, COO of Gala, said: “The launch of Gala Film marks the beginning of a new era in Web3 entertainment, led by Gala. Our ecosystem offers exceptional involvement and access to new launches, with fans able to enjoy unique experiences, empower creatives and get rewarded for doing so. We are committed to delivering fan-first entertainment, where technology is used to improve fan experiences without ever becoming a barrier to entry or enjoyment.” About Gala Gala is a world-leading Web3 entertainment company that uses blockchain technology to power digital ownership and rewards, creating a revolutionary new way of building and consuming entertainment. Launched in 2019 with Gala Games, Gala is the parent company to Gala Games, Gala Music and Gala Film. The vision brings all three brands together in the shared pursuit of offering fans unique and immersive experiences powered by Web3. Gala also gives creative licence back to content creators and emerging talent with a direct route to fans and the ability to offer genuine involvement in new projects. For more information, visit: https://gala.com ContactsPublic RelationsMaggie [email protected]
3 days agocryptopotato
Gala Film Spearheads a New Era of Entertainment
[PRESS RELEASE – Please Read Disclaimer] Gala, the successful blockchain gaming and music platform have announced the launch of Gala Film. The new platform continues the brand’s commitment to providing fans with unique opportunities to enrich their experiences with levels of involvement only possible through Web3. The core benefit of Gala Film is its ability […]
3 days agocryptodaily
Ethereum Final Step Towards Mainnet PoS As Goerli Testnet Merge Goes Live
Ethereum has successfully pulled off one of the most critical tests in crypto history, as it completed the final scheduled test before the merge, moving it closer to the adoption of the Proof-of-Stake model, an upgrade that it has been working towards for years. The upgrade has been touted as one of the most critical events in crypto history. A Final Dress Rehearsal Since its creation nearly a decade ago, Ethereum has been using the much-criticized Proof-of-Work consensus mechanism, involving miners competing with one another to solve complex problems and validate transactions. The problem with this approach is that it is highly energy-intensive, significantly impacting the environment. However, the smart contract platform has been working towards the Proof-of-Stake consensus mechanism, which would see the phasing out of energy-intensive mining. Instead, the new method would see validators stake their ETH and earn the right to validate transactions. Proof-of-Stake requires far less energy and is expected to significantly scale up transactions on Ethereum significantly. According to reports, the final test took place on Wednesday, 9:45 PM ET. a researcher with the Ethereum Foundation, Ansgar Dietrichs, described the test as successful, stating in a tweet that the most relevant metric for success in a dry run such as this is looking at the time to finalization. Another associate from Galaxy Digital stated that while the participation rate after the merge dropped, it could have been down to an issue with one of the clients. However, overall, the merge was a success. “A successful Merge = chain finalizes. Sure, the participation rate dropped, and it looks like there may have been an issue with one of the clients, but the Merge worked. We’ll likely see minor issues like this with the upgrade on mainnet too, but the point is, the Merge worked.” Merge To Go Live In September? While the timing of the merge will be discussed at length at a meeting of core Ethereum developers slated for Thursday. However, previous meetings and guidance have indicated that the Merge could go live as early as mid-September. Ethereum’s transition to Proof-of-Stake has seen repeated delays over the past few years. Core developers have admitted that progress has been slow to allow sufficient development, research, and implementation time. A Successful Test The Georli testnet, on Wednesday, simulated a process identical to what the main network will execute when it transitions into Proof-of-Stake. Testnets such as Georli allow developers on Ethereum to test out new upgrades and make any changes needed before implementing them on the main blockchain. Wednesday’s test showed that moving to Proof-of-Stake and its validation process significantly reduces energy consumption and also proves that the merge process is working. Josef Je, a developer who has previously worked with the Ethereum Foundation and now runs a permissionless peer-to-peer lending platform, stated that the Proof-of-Stake running on Georli will be identical to how Proof-of-Stake would run on the blockchain. The Ethereum Foundation shared the same sentiment, stating that Georli is the closest iteration to the mainnet and will play a critical role in smart contract interactions. Looking For Potential Bugs Tim Beiko stated that during tests, they know almost instantly if a trial run is successful or not. However, in this case, the developers at Ethereum will continue to keep an eye out for any potential issues that could crop up in the days ahead. Beiko stated, “We want to see the network finalizing and having a high participation rate amongst validators and also make sure we don’t hit any unexpected bugs or issues.” According to Beiko, tracking the participation rate is the easiest metric to gauge success. If the developer numbers dwindle during the test, it could signal an issue. He also stated that they could also look at Ethereum transactions and gauge the success of a test, stating that if the blocks have actual transactions in them, then the test is considered a success. The last major check, according to Beiko, is to check if the network is finalizing. “If those three things look good, then there’s a long list of secondary stuff to check, but at that point, things are going well.” A New Proof-of-Stake Proposal Developers at Ethereum have been testing Proof-of-Stake on a parallel chain called the Beacon Chain. According to Beiko, the original proposal required validators to stake 1500 ETH to use the system. However, the new Proof-of-Stake proposal sees this number drastically reduced to just 32 ETH. Beiko stated that while this isn’t a small sum, it is a much more accessible figure for users. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4 days agocryptodaily
GALA, The World-Leading Web3 Company, Spearheads A New ERA Of Entertainment With GALA FILM
Jackson, USA, 9th August, 2022, ChainwireAnnounce Partnership With Stick Figure Productions to Distribute Four Down Executive Produced by Dwayne Johnson and More Gala, one of the leading innovators in blockchain gaming and music, has announced the launch of Gala Film. This new vertical from the world-leading Web3 company continues the brand’s commitment to providing fans with unique opportunities to enrich their experiences coupled with amazing programming and exciting projects. With this announcement Gala Film also shared they will partner with Oscar-nominated and Emmy Award Winning Stick Figure Productions to present FOUR DOWN, a feature-length documentary directed by award-winning filmmaker Steven Cantor based on the New York Times best-seller NOT WITHOUT HOPE, written by Nick Schuyler and Jere Longman, and executive produced by Dwayne Johnson, Dany Garcia, and Hiram Garcia on behalf of Seven Bucks Productions, as well as Nick Schuyler. Upcoming projects/partnerships A partnership with Ai&Aiko, one of the most popular GIF lines in history was awarded GIPHY’S Number 1 Artist of the Year with over 48 billion views and holds 4 Guinness World Records. This will see Peter Draw’s simplistic and charming visual storytelling brought to life through the Gala Film platform A partnership with Filmmaker and Actor, David Bianchi (“True Story’’ Netflix, “Resident Alien” Universal / Peacock) and founder of Exertion3 (a blockchain film production company) to produce Live Action Sci-Fi Series “RAZOR” for the Exclusive Blockchain Release A partnership with Battle Island in the production of their animated series ‘Ghosts of Ruin’ (see more here) ‘Making the Chronic’ - a series of 16 short films where Snoop Dogg narrates each of the tracks on his album released through Gala Music The core benefit of Gala Film is its ability to offer a ‘Watch and Earn’ mechanic through the same blockchain technology that underpins Gala Music’s ‘Listen and Earn’ and Gala Games’ ‘Play and Earn’ ecosystem, offering fans ways to earn rewards through nodes and NFTs. With Gala Film, fans now have the power to actively participate in the content they consume, take control of their entertainment through digital ownership, and support new projects by voting on script choices or casting. Filmmakers and artists can also reclaim their creative license through a deeper connection with their audiences and the ability to distribute their content directly to the people that want to watch it. By adding film alongside its successful music and games platforms, Gala is also able to offer an interoperable ecosystem where fans can benefit from crossover content. Sarah Buxton, COO of Gala, said: “The launch of Gala Film marks the beginning of a new era in Web3 entertainment, led by Gala. Our ecosystem offers exceptional involvement and access to new launches, with fans able to enjoy unique experiences, empower creatives and get rewarded for doing so. We are committed to delivering fan-first entertainment, where technology is used to improve fan experiences without ever becoming a barrier to entry or enjoyment.” About Gala Gala is a world-leading Web3 entertainment company that uses blockchain technology to power digital ownership and rewards, creating a revolutionary new way of building and consuming entertainment. Launched in 2019 with Gala Games, Gala is the parent company of Gala Games, Gala Music, and Gala Film. The vision brings all three brands together in the shared pursuit of offering fans unique and immersive experiences powered by Web3. Gala also gives creative license back to content creators and emerging talent with a direct route to fans and the ability to offer genuine involvement in new projects. For more information visit: https://gala.com ContactsMaggie [email protected]
5 days agocryptopotato
Mike Novogratz Uncertain Whether Bitcoin Can Surpass $30K Soon
Galaxy Digital's CEO would be happy if bitcoin stays between $20,000 and $30,000 for a while.
5 days agocryptodaily
X Open Hub Adds 30 New Cryptocurrencies and 2 Emerging Market Indices to its Vast Asset List
Global provider of cutting-edge liquidity and technology solutions for financial institutions, X Open Hub has announced additions to its vast multi-asset offerings. The company has introduced 30 new cryptocurrencies and two emerging market indices, CH50cash and IND50cash, to the 5000+ global instruments it already offers. With 12+ years experience offering world-class technology and transparent liquidity solutions for banks and brokers, X Open Hub is committed to supporting financial firms. The company aims to help them achieve cost-optimized business models through improved operational efficiency and increased profitability. The Crypto Winter Is Ending Say AnalystsDespite the ongoing cryptocurrency winter, millennials and Gen Zs are increasingly looking at digital assets for investment purposes. A rise in awareness and education regarding this class of assets, along with their low correlation with price moves in traditional investment instruments, has been driving this interest. Increasing regulatory oversight across numerous countries is expected to lend stability to the digital asset class. Additionally, the rise of DeFi projects is also likely to drive interest in cryptocurrencies. Moreover, the decline in crypto prices in recent months has many investors wondering whether to buy the dip before the crypto winter ends. Historically, there have been four such crypto winters, including the current one. Each time, the market has reversed within around a year. So, investors might be looking at acquiring digital currencies while the prices are still low and before the market begins to rise once again. X Open Hub Adds 30 New CryptosBrokers are increasingly looking at offering their clients opportunities to trade the most popular and promising digital currencies. X Open Hub has added 30 new cryptocurrencies to its already long list of crypto offerings. The new crypto offerings available through X Open Hub’s liquidity solution are extensive and include: AAVE, ALGORAND, APECOIN, CHILIZ, COSMOS, CRONOS, CURVEDAO, DECENTRALAND, DYDX, ELROND, FANTOM, FILECOIN, FTX, GALA, GRAPH, INTERCOMP, IOTA, KILOSHIB, KYBER, MAKER, METAL, NEO, SANDBOX, STEPN, SUSHI, TRON, VECHAIN, WAVES, ZCASH and ZILLIQA. “We believe brokers need to stay abreast of trends and should perceive a wide range of cryptocurrencies as an additional tool to attract new customers or manage their retention. In the last quarter, we devoted a lot of attention to developing our asset class offering and equipping our partners with all the tools necessary to remain competitive in the market,” stated Michael Copiuk, CEO of X Open Hub. IND50cash and CH50cash X Open Hub has also added the IND50cash and CH50cash indices to its liquidity offerings. The IND50cash is based on the Nifty 50, the benchmark index that includes 50 of the most profitable companies across 12 sectors listed on the Indian stock markets. This makes it a well-diversified index. Alternatively, the CH50cash, is based on the China A50, a pan-China benchmark index that includes the top 50 companies, based on market cap, listed on the Shanghai and Shenzhen stock exchanges. A Global Leader Established in 2010, X Open Hub is the institutional arm of the XTB, which is listed on WSA and licensed across multiple jurisdictions, including the UK FCA, CySEC, IFSC, FSCA, and more. XOH has created a niche by providing complete front- and back-end technology and responsive support to propel growth for financial firms. X Open Hub’s solutions include deep institutional liquidity on more than 5,000 global instruments, including indices, shares, forex, cryptocurrencies, commodities, and ETFs, and a powerful white label platform that can be fully customised and branded for each brokerage. X Open Hub also offers multiple integration options to ease operations for brokers, such as FIX protocol, xAPI, MT4/MT5 Bridge or Gateway, and integration with Prime XM, Gold-I, oneZero, and more. This has helped the company gain over 100 clients across more than 30 countries within a decade of being launched. Speak to the X Open Hub Team about cryptocurrencies and emerging market indices. Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice
6 days agocoindesk
Galaxy Digital Q2 Net Loss Jumps to $554.7M
The massive jump in losses was mainly due to the crypto market downturn and on investments in their trading business.
9 days agocointelegraph
Argo Blockchain keeps cashing out BTC to pay the debt to Galaxy Digital
After selling 887 Bitcoin in July, Argo cut its outstanding balance under the BTC-backed loan to just $6.72 million.
24 days agocryptopotato
New Blockchain-Based Gaming IP ‘Emboldn’ Promises Gameplay-First Experience
[PRESS RELEASE – Toronto, Canada, 20th July 2022] Nirvana Interactive Inc., a promising new Blockchain game development company, with a presence in Singapore, Dubai, and Canada, has raised a total of US $2.5 million from industry-leading investors in its seed round. The investments were co-led by Megala Ventures, Momentum 6, Polygon Studios, Unix Guild, Vendetta […]
25 days agocryptodaily
New Blockchain-Based Gaming IP ‘Emboldn’ Promises Gameplay-First Experience
Toronto, Canada, 20th July, 2022, ChainwireNirvana Interactive Inc., a promising new Blockchain game development company, with a presence in Singapore, Dubai, and Canada, has raised a total of US $2.5 million from industry-leading investors in its seed round. The investments were co-led by Megala Ventures, Momentum 6, Polygon Studios, Unix Guild, Vendetta Capital, ABA, WTMC, and a few individual investors. The Nirvana Interactive team is made up of game developers from AAA Gaming heavyweights Ubisoft and Electronic Arts, who have worked on lasting titles such as Assassin’s Creed, Far Cry, Just Dance, FIFA, Need for Speed, Ghost Recon, and Skull and Bones, among others. Centered on the belief that storytelling is at its most powerful in a fun, collaborative, digital ecosystem, – Nirvana Interactive has created a new IP, presenting a new universe for a diverse, global gaming community.Nirvana Interactive’s flagship IP ‘Emboldn’, promises to be an exciting new step in the Blockchain Gaming arena, where a new IP with a rich story, a gameplay-first experience, and a well-balanced game economy is yet to be seen. Unlike a lot of other players in this space, what also sets the Emboldn IP apart is the fact that it tips its hat to significant Crypto communities worldwide – where each character in the game embodies the core values that each Cryptocurrency community possesses. There is a character named Biito who represents maximalists in the BTC community, and another character called Faith who represents the Doge community, among many others. Their unique roles and story in the Emboldn universe mirror the unjust polarities found in societies around the world – and bring us tales of rebellion against corrupt, hollow systems and injustices. All the characters in Emboldn will be part of a grander narrative that will be told through different mediums. “Nirvana Interactive and their Emboldn IP seems to be bringing something new to Blockchain gaming and the AAA fighting games genre. Their focus on creating a narrative-rich universe should appeal to players globally and it’s something we’re proud to support.”said Quyet Huynh, Co-founder of Megala Ventures. On 30th June 2022, Nirvana Interactive released ‘Emboldn – The Awakening Vol. I’ – a comic book that marks the beginning of the Emboldn IP, evolving into a series of comic books, a web-game, and a AAA fighting game - all within the Emboldn universe. This first issue of the Emboldn comic book is free to read at Emboldn.io and will introduce you to an exciting new universe that’s all yours to step into. Join their community on Discord and Telegram to stay updated on the project’s development. About Nirvana Interactive Nirvana Interactive is an interactive entertainment company committed to creating immersive digital experiences for an ever-growing community of players. They are gamers, developers, dreamers, fans, and creators all rolled into one. For more information about the company and the project visit: Twitter | Facebook | Discord | Telegram | Reddit | YouTube | TikTok | Instagram | Medium | LinkedInContactsNirvana [email protected]
26 days agocryptodaily
Blockchain Gaming & The State of The Market
As the cryptocurrency market falls deeper into another familiar winter, one game built on the blockchain continues to assert its prowess in the future of the gaming industry. Splinterlands, the fantasy-based collectible card game now [the leading worldwide Web 3.0 dapp], is preeminent among these. It was “born in a bear market,” as major player, investor, and community streamer Neal McSpadden says, and continues to grow through another one. In 2018, as the market suffered a similar crash and financial devastation was wrecking many previously promising Web 3.0 projects (and the wallets of their enthusiasts), the game–conceived and brought to life by lifelong gaming lovers Jesse “Aggroed” Reich, the company’s CEO, and Matt Rosen–caught the attention of a strong niche of users on the Hive (HIVE) blockchain. Through the drama of ups and downs native to the crypto market, Splinterlands has thrived since its beginning, rapidly acquiring within four years millions of registered users and active players regularly hitting the 500,000 person threshold. In March, it blew past the substantive milestone of 2 billion plays, and continues to onboard hundreds of new users daily, even while the market bleeds red. The current bear market began its descent in early November of 2021, and since then has seen a 70%+ decline across all projects. Many companies and coins have completely collapsed or are on the brink of devastation for their investors and users. Blockchain gaming has also been severely scathed by market destruction, with Axie Infinity, the well-known NFT pet-collecting battle game, dropping more than 90% from its peak value, causing many to wonder if Web 3.0 games can keep their place as the future of the gaming industry. Splinterlands, along with games like Axie Infinity and Gala, have paved the way for the blockchain gaming industry over the last cryptocurrency development cycle. Even before the re-explosion of the more recent 2021 cryptocurrency market–which always draws in a new batch of curious players and investors–these companies were seeing growing interest around their games and thriving communities. Yet early in the adoption phase of Web 3.0, many around the world are still unaware of the unique aspects of blockchain gaming and play-to-earn, thinking only of the financial aspect so much a focus of the blockchain space. But blockchain technology has far more to offer than economic relevance. When it comes to blockchain gaming, its possibilities are extraordinarily player-enhancing, offering an extended utility to purchased in-game items and pieces that carry over value into both the real world and, as the industry grows, into other games. Many of these items currently exist in some form in the mainstream gaming world, including some primitive forms of robust in-game quasi-economies, but the blockchain offers innovative and compelling ways to more deeply incorporate these complex layers into player experience. For example, Web 3.0 collectibles can now take on a life of their own beyond iterations of the games, and have the capacity to become valuable outside of the games themselves. Axie Infinity largely brought these capacities into the public awareness. The game is known perhaps best by the tremendous humanitarian effects the game had (link to video) for its low GNI country users, especially in the Philippines. Many of these players were able, via blockchain-exclusive play-to-earn (P2E) mechanics, to pay their bills through the ravages of the worldwide economic shutdowns of 2020-2021. The game led the way in bringing blockchain gaming to the awareness of players both in and outside of the blockchain space, spurring interest even among many mainstream gamers around the world. Gala Games, another Web 3.0 company which has a variety of games built on the Ethereum blockchain, is still in its infancy, but has also successfully stretched the boundaries of gaming via the merits of blockchain technology. But the cryptocurrency downturn of the last few months has caused even such strong projects to suffer in the bear market. Axie Infinity in particular has been hit hard, especially alongside the Ronin Network hack that saw the game’s economy robbed of US$620 million in cryptocurrency. The blockchain gaming space at its current infant stage–like much of the Web 3.0 world–is not a place for those without a strong stomach. It maintains an undeniably promising future due to the exciting innovations it offers the industry, but early technological development is always a volatile process. In spite of these struggles, however, Splinterlands is seeing continued growth throughout this time of testing. With the blockchain space something of a wild west, there are a number of factors that play into which projects succeed and which collapse. But Splinterlands continues to thrive perhaps due to its combination of diligent laser-focus on community and frank communication via its Discord channel (good to link or no?), its low cost for new users, strong security interface, and committed investment in its nearly round-the-clock “edutainment” streaming channel, SplinterlandsTV, on Twitch, an Amazon (AMZN) video streaming service subset. But none of this would matter without a great game, which has been the Splinterlands focus since takeoff. “Knowing the challenges and volatility of the blockchain space, at Splinterlands we have always been hyper-focused on creating a great game that any gamer would love to play, separate from the play-to-earn tokenomics system,” said Jesse “Aggroed” Reich, Splinterlands Co-Founder and CEO. “We have always been committed to the best graphics, soundtrack, and top tier coding for incredible gameplay, and this is why I think we’ve seen growth through both bear markets, including now–we’re still seeing hundreds of new users daily.” “We know the merits of play-to-earn and are excited to be at this frontier of the inevitable future of gaming,” he continued. “But we will always, always put passion for the game itself first. Without a great game, none of the rest matters.” Many projects, as well as those which abuse the confusion of a new market, will prove weak for one reason or another during a bear market. Many in the blockchain space are aware of the way that earning mechanics can skew player motivations, leading to unsustainable drawbacks as the market contracts. For Splinterlands, the game’s intrinsic draw has therefore always been self-consciously paramount, with the Web 3.0 economic elements lending to enhanced gameplay rather than serving as the substrate for motivation. In Splinterlands, the in-game economy is set up to serve the experience and passion of gamers, offering an enriched way of trading and accomplishing level success, which all loops back into an enriched community. If companies don’t walk this line carefully, even if the game has strong fundamentals, the result can be devastating. Technology rushes are historically brutal, and Web 3.0 is no exception. As in the Dot Com Bubble circa 2000, which saw nearly every new Web 2.0 project fail, blockchain technology and its merits will be tested by its strongest projects and applications, not by those which for various reasons collapse under the struggles of new digital frontiers. Many people forget that Amazon suffered massive losses–not once, but multiple times–before becoming the transformative, dominant worldwide service known by all. Other companies that seemed clear winners have now been long forgotten. But Web 2.0 technology itself, although it left many of its earliest and most enthusiastic adopters in the dust, transformed everything from work to travel to commerce to communication, in ways such that worldwide history will long be distinguished between pre- and post- Web 2.0. While the Web 3.0 world suffers current losses and play-to-earn gaming is swept into that trend for the time being, blockchain gaming, like other groundbreaking technology before it, still has a bright future. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
32 days agocryptodaily
Bitcoin.com sponsors new space-themed online casino BitSpinCasino
While online casinos continue to grow across the internet and cryptocurrencies are gaining ever more interest across the board, there is no telling what is on the up and what is not. Amongst the phenomenon of mushrooming online crypto casinos, the more discerning crypto enthusiast will find the launch of BitSpinCasino very much to their liking. With Bitcoin.com sponsoring the launch of a new online casino this may be the news of the year for casino gamers and crypto enthusiasts. BitSpinCasino also retains a 24/7 support team at [email protected] BitSpinCasino offers an arcade of games - inviting, entertaining and engaging - for the users under the trusted name of Bitcoin.com. They range from table games to action adventure slots. Wherever they are relevant - unbiased, incorruptible, and highly evolved Random Number Generator systems (RNGs) are employed. Once you have gotten the hang of it, Jackpot games and Live Table Games will keep you engaged and having fun for as long as you like. The most notable feature on BitSpinCasino may as well be Space Odyssey - a role-playing loyalty feature that lets you play an astronaut headed through outer space on a spaceship for galactic checkpoints and the time-honored tradition of Bitcoin’s moon landing missions. The casino also features choice game providers in the industry, like NetEnt, Playson, Play’n GO, BGaming, Pragmatic Play, isoftbet, and Evolution. This means that you can play all your favoritesincluding "Starburst", "Book of Dead", and even "Live Lightning Roulette" on BitSpinCasino. Only the most daring, discerning, and street-smart of the generation have tried their hand at crypto investments, let alone online gaming and online casinos. While cryptocurrency trading and financing offer snowballing value for money among other perks, online gaming and gambling bring the world to you so you can become a shark or even a whale. The aggregate limits offered by BitSpinCasino are just a cut above the rest. For this reason, high rollers can play bige with complete peace of mind that their money is secure. . The platform facilitates the use of all standard cards and bank transfers involving the routine fiat currencies (EUR, USD, CAD, AUD, NOK, RUB, PLN, NZD, JPY, etc.) as well as acclaimed cryptocurrencies (like BTC, ETH, BCH, DOGE, LTC, and USDT). You can deposit with credit cards, Interac, ecoPayz, Skrill, or Neteller. Processing is instant in most cases and the fees range from 0-2.5%. . For its launch, BitSpinCasino offers four Welcome Packages, and special promotions on Tuesdays and Fridays - but only for a limited time. ( i )The First Deposit Bonus on the launch offer gives you up to 130% deposit bonus on your first deposit and 300 Free Spins on the games offered. ( ii ) What's more - the Second Deposit Bonus and Third Deposit Bonus welcome offer packages provide you 80% deposit bonuses on your second and third deposits The welcome packages are perfect for beginners’ luck that may end up in a winning streak. ( iii ) High rollers are warned to fasten their seatbelts as the High Rollers Deposit Bonus welcome package includes up to a 130% deposit bonus along with 300 free spins. ( iv ) The Refuel Tuesdays offer gives a depositor a 50% extra deposit bonus on top-ups up to 300 USD or 0.5 BTC. The perks of being on a legit platform such as BitSpinCasino backed by the most trusted Bitcoin.com are aplenty and players should definitely give the brand new casino a try! Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
34 days agocryptodaily
Is There Still Opportunity In Today’s Crypto?
Bitcoin has been making waves ever since it was first thought up. Recently, the prices of Bitcoin have plummeted quite a bit, recently falling below their December 2020 low of $20,000 per Bitcoin, causing significant coverage by the media. This has shaken up the crypto world significantly, with many wondering if Bitcoin, and by extension blockchain and crypto in general, are worth the trouble. Today, we’ll be looking over whether or not the Bitcoin crash is representative of the crypto market as a whole, and if there’s still value left in crypto and blockchain technologies. We’ll also discuss if DEXs like Blueshift could replace our banking system. Is The State of Bitcoin Representative of Crypto As A Whole? The cryptocurrency market is known to ebb and flow. This is due to many reasons, one of which is adoption time- a term that signifies how much it takes for a technology to be adopted by the general public. While cryptocurrencies aren’t quite there yet, their growing adoption rate leads to investors speculating over the future long-term value of cryptocurrencies. When these speculations are too high for a given period, investors panic and sell their assets off, lowering their prices. Because of this, prices of specific cryptocurrencies, and especially Bitcoin as the poster child of crypto, tend to be unstable. It’s well-known that the prices of many cryptocurrencies are tied to the price of Bitcoin, so when Bitcoin’s value falls, so does there. However, this doesn’t quite paint the whole picture, as certain cryptocurrencies, especially altcoins like Polygon and 1Inch are experiencing a time of rampant growth. This is because, despite the way it’s occasionally painted by mainstream media, different coins serve different purposes. While Bitcoin, which is mainly used to send money or as an investment asset, might be falling, an altcoin like Gala Games used mainly for gaming, is skyrocketing in value. This alone is enough to show that the price of Bitcoin dropping is simply not indicative of the entire industry. Will Blockchain tech build our future? Although blockchain technologies have had a rough ride from the get-go, with many financial institutions claiming they would simply be a fad, their adoption rate has continued to increase. Whether this be using Bitcoin to securely and anonymously pay for a VPN, or playing a play-to-earn game online with friends, blockchain is making its way into our everyday lives.With that being said, blockchain is still far from being nigh-universally adopted in the same way the internet or cell phones are. Because of this, and the technological hurdles we need to overcome, progress can appear stagnant at times- much the same way it did on the internet before the .com bubble burst. Web 3 is considered by many experts to be an inevitability- more of a when than an if. DEXs, for example, have already started to make headway in eliminating centralized banking from many people’s lives. Web 3 projects have even garnered the attention of FAANG, with the Metaverse being built, and Google participating in crypto more and more heavily. This shows that the largest Web 2 companies in the world have understood the importance of the blockchain to our technological future. Will DEX's take over banks? It doesn’t take long after going to your closest bank to wait in line for half an hour in order to perform a routine transaction to understand why people are slowly getting tired of traditional banking. Banks will sometimes charge a fee to do a process online, while a similar process will have a charge attached to it when done in person. Outside of this, the centralization of banking makes it so that banks get a lot of favor from the government. Due to the way fiat currencies are tied up in central banks, they’ll get bailed out first in times of crisis. On the more troublesome end of the spectrum, banks are rampant with fraud and money laundering, with many of them ignoring KYC(know-your-customer) regulations. The most promising alternative to this is DEXs(decentralized exchanges.) These platforms solve the biggest issues people have with banks. Where your bank can often hide charges and profit off of your savings, most decentralized exchanges are completely transparent. These entities completely remove banks from asset exchanges. In case of an authority being necessary, the exchange is handled via smart contract, with no 3rd parties involved. DEXs like Blueshift are also attempting to help investors create high-quality, resilient investment portfolios without ever having to interact with a bank. This makes investing more convenient, as all you need is an internet connection and a crypto wallet. It’s also more secure, as DEXs like Blueshift are extremely strict when it comes to following KYC protocols, and there’s no room for human corruption, as exchanges are handled through a smart contract. Join us tomorrow for an exciting Blueshift Community [email protected] as a host will be joined by Nick from @PoolLighthouse, Beatrix, and Christian from @bio_pool as Guest speakers!Monday, 11 July, 9 PM CETSet a reminder below
37 days agozycrypto
Billionaire Mike Novogratz Predicts Lower Lows For Bitcoin, Cryptos — But There’s An Upside
Mike Novogratz, the American billionaire, and CEO of Galaxy Digital has recently expressed his opinion on the prospects of crypto assets, especially Bitcoin, in what appears to be a tale of impending dark times with a glimmer of hope.
37 days agocointelegraph
Another miner cashes in: Argo Blockchain reports selling 637 BTC to pay debts
Argo reported it had an outstanding balance of $22 million on a loan from Galaxy Digital, from which it secured BTC-backed loan agreements in 2021.
38 days agocoindesk
Galaxy Digital Hires Credit Suisse Veteran as Global Head of Distribution
Danielle Johnson will be Galaxy Digital’s global head of distribution.
38 days agocryptodaily
Crypto exchange balances drop 20% this year as macro trends bite
As crypto makes its uncertain way through the depths of the bear market, many investors have decided not to trade and have taken their assets off exchanges. That’s not to say that crypto investors aren’t still hodling. There are probably a few left standing, at least for now, but given the current environment of so many funds and lenders getting into difficulties, investors have taken the decision to get their assets off of the exchanges. Glassnode is quoted in a Bloomberg article as stating that on-chain activity has lessened to an extent whereby this activity has dropped 13% since the November highs until now, and that these levels haven’t been experienced since the bear market of 2018/19. According to a Glassnode newsletter from Monday: “Bitcoin has seen a near complete expulsion of market tourists, leaving the resolve of HODLers as the last line standing,” It was stated by Mike Novagratz, CEO and founder of Galaxy Digital, in an interview for the Bloomberg Crypto Report on Wednesday, that the reason for the crypto bear market is definitely macro, as the Fed has taken liquidity out of the markets with its hawkish policies over the last few months. He also attributed the current issues in crypto to the big overleveraged players who have created “a ton of fear in the space”. “What’s exacerbated this move in crypto is a bunch of leveraged players that had far more leverage than I think people thought, and so you can talk about Celsius or Three Arrows Capital”. It’s Novogratz’s view that the fear that this has caused has led to a lot of credit being withdrawn. The resulting cascade has brought bitcoin down to the $20,000 level, which he believes is a “good target”. The Galaxy CEO says that his company is affected by indirect exposure to the big crypto lenders currently facing possible bankruptcy, and he cites the “daisy chain effect” which has been caused by these companies lending and borrowing from each other. However, he thinks that the leverage has been mostly burnt out. “My guess is that leverage has been knocked out of the system, but Humpty Dumpty doesn’t get put back together right away. It takes a while, to kind of sort through - there’ll be bankruptcy proceedings in many companies.” He added: “It’s going to take a little while for crypto to regain a narrative and regain confidence.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
47 days agocryptodaily
With Terra (LUNA) Down - Here are Two Metaverse Tokens That You Can Turn Your Attention To - Mehracki Token (MKI) and Gala (GALA)
Just a couple of days ago, a press release by the three arrows capital (3AC) announced that over $200 million had been lost from the catastrophic collapse of Terra Luna, and right now, they have begun mobilizing legal and financial experts to help out with getting them out of the mud they are stuck in. The Terra Luna situation was catastrophic as LUNA lost nearly 100% of its market valuation in one week. This all happened after terraUSD (UST) lost its peg to the US dollar, with the stablecoin plummeting in price. With the recent and gradual fall of the crypto market, the fear index is through the roof, and there has been a massive sellout. Bitcoin (BTC) has taken a dive from tits all-time high at $69k and is presently trading at just under $21k, registering over 70% loss in valuation since its peak in 2021. What are the best blockchain stocks to buy in the heat of the dip and market crashes? What crypto tokens should you invest in right away? Double-edged answers. Metaverse coins like Mehracki Token (MKI) and Gala (GALA) can expand your reach and diversify your investment options. Let’s review these blockchain crypto gems. Mehracki Token (MKI) The Solana (SOL) blockchain is the foundation for Mehracki Token (MKI), a metaverse meme token fueled by the community. Mehracki was designed to be a hands-on learning tool for anyone new to the cryptography world. Using memes as a teaching tool will allow these new investors to grasp crypto principles in a less stressful atmosphere. Mehracki Token (MKI) will assist with the promotion of several different ideas, including the Metaverse, NFTs, and DeFi. It will do this by enlisting the help of the public. By compensating community members for their involvement via stakes and other incentives, it will also encourage engagement. In addition, Mehracki (MKI) will mint NFTs for the community's most active members (depending on the amount of money they spend and the number of transactions they complete), which will increase their voting privileges. The MKI Token may outperform any stock index in the long run. It will be available for pre-sale shortly, and you may stockpile many units with the hopes of reaping significant long-term rewards. Gala (GALA) Gala is an open-source Ethereum blockchain-based gaming and metaverse platform developed by the Gala team. The initiative's goal is to regain control by placing it in the hands of the people. As a result of the Metaverse's debut, video gaming has already undergone a paradigm shift. It's now feasible to make money while playing the games we love. When it comes to crypto games, there's no better place to start than Gala (GALA). It's just a matter of time until the value of Gala (GALA) rises as more and more "play to earn" games are produced. Even though the ecosystem now just offers one game, the cost is expected to rise by 30,000 by 2021. Gala (GALA) seems to be one of the most promising beneficiaries of the Metaverse and NFTs. MKI is a community-focused initiative whose DAO will let people decide its direction. It would also make its tokens interoperable with numerous protocols, allowing for easy transfer. With these concepts in mind, it looks to be a great option for your portfolio. Presale: https://presale.mehracki.io/register Website: https://mehracki.io Instagram: https://www.instagram.com/mehrackitoken Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
52 days agocoindesk
Compañía minera de bitcoin alimentada por energía solar lanza operaciones a pesar del mercado bajista
Aspen Creek Digital también alojará equipos mineros de Galaxy Digital en su nuevo centro de datos.
52 days agocoindesk
New Solar-Powered Bitcoin Miner Launches Operations Despite Difficult Market
Aspen Creek Digital will also host miners from Galaxy Digital at its new data center in western Colorado.
53 days agozycrypto
Crypto Market To Escape Fed Tightening Because Of Bitcoin, Reckons Novogratz
CEO of assets management company Galaxy Digital, Mike Novogratz in a recent CNBC squawk box interview has asserted that Bitcoin might be the only way out of a possible recession and the coming Fed tightening. Bitcoin to rescue the economy from a possible recession The state of the economy in the U.S has continued to […]
54 days agocoindesk
Miner Bitfarms Sold Almost Half Its Bitcoin to Reduce Debt
The miner sold 3,000 BTC in the past week to reduce its Galaxy credit facility. It also closed an NYDIG equipment-financing loan.
57 days agozycrypto
Mike Novogratz’s Bottom Region Price Prediction For Bitcoin and Ether Comes Into Play
Mike Novogratz, CEO, and founder of Galaxy Digital Holdings Ltd. speaking at the Morgan Stanley Conference predicted a bottom region for two of the world’s leading cryptocurrencies, Bitcoin and Ethereum. Stocks Must Further Decline By 15-20% To Face Same Fate as Bitcoin And Crypto The crypto market and stock market share a few similarities, majorly […]

About Gala

The live price of Gala (GALA) today is 0.070082 USD, and with the current circulating supply of Gala at 6,977,205,436 GALA, its market capitalization stands at 488,974,534 USD. In the last 24 hours GALA price has moved 0.001039 USD or 0.02% while 154,762,020 USD worth of GALA has been traded on various exchanges. The current valuation of GALA puts it at #97 in cryptocurrency rankings based on market capitalization.

Learn more about the Gala blockchain network and how it works or follow the price of its native cryptocurrency GALA and the broader market with our unique COIN360 cryptocurrency heatmap.

Gala Games was launched in 2019 by Eric Schiermeyer (co-founder of Zynga), Wright Thurston and Michael McCarthy, as a play-to-earn gaming project that aims to create an ecosystem wherein players decide what blockchain games they’d like to play and exercise complete control over them. Since players receive complete ownership of their in-game NFT assets, they are free to use them as they prefer, within or outside the Gala Games ecosystem.  

The Gala Games project is currently deployed on both Ethereum and BNB Smart Chain. However, the developers are currently working on a native proprietary blockchain called GalaChain, which will help resolve issues like scalability and high transaction fees currently faced by the project.

Ever since its launch, Gala Games has made great strides and has formed fruitful partnerships with the likes of AMC’s The Walking Dead, Under Armour and Frank Miller. The available games in the Gala ecosystem include Townstar, Spider Tanks and Town Crush, with many more under development. The platform has also launched its NFT collectible series called VOX. As of writing, Gala Games claims to have 1.3 million monthly active users.

GALA price

The GALA price stayed well under a cent from the time of Gala Games’ launch in 2019, till February 2021, when it started rallying upwards amid a crypto market-wide bull run and touched $0.03 for the first time in late February 2021. Thereafter, GALA coin’s price kept fluctuating between $0.01 to $0.03 till September that year. According to our GALA live price chart, the token breached $0.05 resistance for the first time in mid-September, amid the second crypto rally of 2021. 

Buoyed up by overall bullish market sentiment, GALA price registered a noteworthy upward surge two months later in mid-November 2021, breaking multiple resistance levels, and reaching its all-time high of $0.84 on November 26, 2021. GALA’s fully diluted valuation was well over $40 billion at that time. GALA coin’s price has since charted a sideways downward movement, and the token was trading in the vicinity of $0.04 in Q2, 2022.

How GALA works

Gala Games is powered by its users who run nodes from their home computers. These nodes can be of three different types – Founders Nodes, Game Nodes and Storage Nodes. 

The Gala ecosystem is supported by its native GALA token, which exists both as an ERC-20 as well as a BEP-20 token. It has multiple use-cases including the purchase of in-game NFT assets, rewarding players and incentivization of the Founder Node operators. 

Founder Nodes are tier-1 nodes that form the backbone of the Gala ecosystem. There are only 50,000 of these nodes that will ever exist, and as of writing, you can buy them directly for 1.21897 million GALA tokens, from the Gala Games official website. Founder nodes implement a ‘see-saw’ algorithm that decides if the Gala network requires storage or processing power at any given time, and facilitates on-the-fly adaptation. Running a Founder’s Node contributes to the growth of Gala’s decentralized gaming network, and provides players actual ownership of their content and assets. In return, Founder Node operators receive GALA tokens, governance power and gaming NFTs. 

Game Nodes are game-specific nodes that power a specific game in the Gala ecosystem. These nodes run based on a smart contract ‘rental’ structure and help in developing a localized network for the concerned game, thus facilitating the scalability of the overall Gala network. The rewards and governance rights earned by Game Nodes are specific to the game they support.

Lastly, Storage Nodes are free nodes that allow for a Gala game to be entirely hosted on the Gala’s node ecosystem, thus doing away with the need for any centralized hosting providers.

GALA news, updates and highlights

In important GALA news, Gala Games and a well-known crypto investment firm, C2 Ventures, announced the creation of a joint $100 million fund in December 2021. The purpose of this fund is to invest in upcoming metaverses, play-to-earn games and various other projects being built using blockchain technology. With the global gaming revenue expected to touch $200 billion by 2024, this collaboration came as a welcome move for GALA ecosystem’s future growth. 

As per another GALA news story, reported on June 1, 2021, on the platform’s official website, Gala Games announced the integration of Chainlink’s Verifiable Random Function (VRF) with its ecosystem, to facilitate truly random NFT drops. Chainlink’s VRF functions as a fully tamper-proof and verifiable RNG (Random Number Generator) which can serve all RNG-based functions in the Gala ecosystem. 

Frequently asked questions about GALA

  • How can you earn GALA tokens?

You can earn GALA tokens by running a Founder Node in the Gala Games ecosystem. Alternatively, you can also win GALA tokens as a reward by playing and excelling in Gala’s featured games.

  • Which are the most commonly used GALA wallets?

Some of the best GALA wallets include MetaMask, Ledger, Trezor, Atomic Wallet and Trust Wallet.

  • What can you do with GALA tokens?

You can use your GALA tokens to buy NFT assets within the games featured in the Gala ecosystem. The token can also be used to purchase Gala nodes.

  • How can you buy GALA cryptocurrency?

The best way to buy GALA tokens is from established crypto exchange platforms. You can buy it through trading pairs like GALA/USDT, GALA/BTC, GALA/ETH and others. 

Gala Price0.070082 USD
Market Rank#97
Market Cap488,974,534 USD
24h Volume194,754,674 USD
Circulating Supply6,977,205,436 GALA
Max SupplyNo Data
Yesterday's Market Cap468,138,460 USD
Yesterday's Open / Close0.066056 USD / 0.067095 USD
Yesterday's High / Low0.069778 USD / 0.065916 USD
Yesterday's Change
0.02% ( 0.001039 USD )
Yesterday's Volume154,762,020 USD
Select...
/
Select...
Powered by  Cryptocurrency prices in USD, market cap, volume
Sorry, no liquidity for this pair
Arrow icon