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Gala(GALA)

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$0.025396
(1.67%)
0.00000148 BTC
Market Cap (Rank#147)
$177,193,563
10,297 BTC
Vol 24h
$23,283,710
1,353 BTC
Circulating Supply
6,977,205,436
Max Supply
?
2 days agocoindesk
Crypto Markets Today: Galaxy Digital Expands Brokerage Services With GK8 Acquisition
The cryptocurrency-focused financial services firm won an auction to buy the company from crypto lender Celsius, which filed for Chapter 11 bankruptcy protection. Crypto Markets Today is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.
2 days agocryptopotato
Mike Novogratz’s Galaxy Digital Will Acquire Celsius Owned Custody Platform GK8
The acquisition will expand Galaxy’s headcount, and help build out its GalaxyOne prime offering.
2 days agocoindesk
Galaxy Digital Agrees to Buy Some Assets From Bankrupt Crypto Lender Celsius
GK8 was put on the block following Celsius's bankruptcy.
2 days agocointelegraph
Mike Novogratz: Bankman-Fried is 'delusional' and headed to jail
The Galaxy Digital CEO alleges Sam Bankman-Fried and his cohorts perpetuated fraud and suggested they should be in jail.
7 days agocryptodaily
Dogecoin (DOGE) and Gala (GALA) Might Be Losing Investors To Flasko (FLSK) Presales
Even with the global crypto market downturn investors witnessed this year, this hasn't stopped them from looking for crypto gems that would boost their portfolios. Top cryptocurrencies haven't performed well, and Dogecoin (DOGE) and Gala (GALA) aren't exempted from the bear list. But, amidst these market uncertainties, Flasko, a new utility token based on NFT pegged to luxury wines, champagnes, and whiskeys, has been making the waves as its presale price has risen by more than 500%. Dogecoin (DOGE) Might Hit All-Time Lows In Coming Months The meme coin Dogecoin (DOGE) has lost most of its gain after being hyped by the current Twitter owner Elon Musk. As the hype dies fast, many investors have withdrawn their profits, resulting in its continuous downtrend. Over the past weeks, Dogecoin (DOGE) has lost its gains amassed during the last week of October. Crypto analysts predict that Dogecoin (DOGE) could reach the bottom in this present downtrend — a price it had before the hype. Analysts predict that this price would best fit Dogecoin's (DOGE) value as that was what was traded before the spike since the recent surge might be due to a new hype. Dogecoin (DOGE) currently trades at $0.076, and analysts predict that Twitter might not adopt Dogecoin (DOGE). This would deny Dogecoin (DOGE) a significant utility that would boost its market value. Gala (GALA): Metaverse Coin Not Performing Too Well When we mention Gala (GALA), we talk about online gaming and the Metaverse. The Gala games ecosystem was created in 2018 and are a blockchain network that uses NFTs to help players get game items — players can trade their NFTs within the Gala games ecosystem. In 2021, the Gala (GALA) token witnessed a huge bullish run. September 2021 was the last time it gained momentum after listing on centralized exchanges, then achieved its all-time high on November 26, 2021, at $0.82. But, this bullish trend didn't last long, as it fell drastically in the following months. Even with the hype surrounding play-to-earn tokens, data from CoinMarketCap shows that the price of the Gala (GALA) token is currently worth $0.02, which shows a 97.0% total value loss. Gala (GALA) obtained this price after the recent crypto crash. Flasko (FLSK): Presale Gem Ready To Spike In Coming Months Flasko will let investors trade in fractionalized and minted NFTs, which are pegged to real-world luxury wines, rare champagnes, and whiskeys. As an alternative investment platform, users can buy fractionalized and minted NFTs. A complete purchase of an NFT would result in the investors getting their assets delivered to their location. Flasko will also partner with wine stores to ensure that investors can get the products in the market. Investors will also get first access to the products and benefit from discounts. Regarding security, Flasko has passed an audit from Solid Proof and will lock its liquidity for 33 years. This reduces the chances of a rug pull, making it more secure. Many investors have joined Flakso's ongoing presale since it goes for a price of only $0.085, and analysts expect the price to go for a price of above $2 by March 2023. Analysts believe that Flasko could well be the top investment for 2023. Investing early in a solid project like Flakso provides maximum benefits. You can do this by following the links below. Website: https://flasko.io Presale: https://presale.flasko.io Telegram: https://t.me/flaskoio Twitter: https://twitter.com/flasko_io 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.
13 days agocryptodaily
Five Web3 Thought Leaders You Need to Start Following in 2023
The internet has come a long way since software engineer Tim Berners-Lee pioneered the World Wide Web in 1991. But if today’s Web3 evangelists are to be believed, there’s plenty of race left to run. In fact, these forward-thinking technologists have a vision of the internet that completely transforms the medium, turning a largely centralized web into an interconnected lattice of decentralized software protocols. According to its proponents, this natural evolution of the internet will be fairer and more democratic; a domain where users exercise control over their own identity and data, rather than the familiar Big Tech overlords. A place where transactions are private, permissionless and secure by default, and where communities of like-minded people can flourish. Make no mistake, there are thousands of talented people working to advance the latest iteration of the internet, from product designers and cryptographers to computer scientists and consensus engineers. For our money though, the following bright minds should be on your radar if you want to better acquaint yourself with the weird and wonderful world of Web3. Sam Bacha (Manifold) Sam Bacha is the big brain behind Manifold Finance, a multi-protocol middleware solution that helps users leverage Miner Extractable Value (MEV) to profitable effect. In a previous life Bacha was a financial analyst at Amazon, an experience that doubtless motivated him to exit Bezos’ Death Star and cross to the decentralized side of the street. After a stint as an MEV researcher, he has turned Manifold into a veritable Web3 powerhouse, one that gives traders the ability to privatize their transactions into a layer-2 scaling solution. With privacy likely to be a key battleground in Web3, Bacha is a force for good. Charles Read (Rarestone Capital) As a founding partner of serial Web3 investment firm Rarestone Capital, Charles Read has helped dozens of promising startups get off the ground, from blockchain-powered games like Galaxy Fight Club and Solice to DeFi index platform Pollen. An avid gamer turned crypto investor/NFT collector, Read is one of the best-connected names in the industry, regularly featuring at conferences and acting as a close advisor to high-net-worth individuals. The 29-year-old is currently working on a podcast and trailing a documentary crew around Dubai, where he recently participated in the 2022 Crypto Fight Night. Sandeep Nailwal (Polygon) Sandeep Nailwal is the co-founder of Ethereum scaling platform Polygon, whose software stack includes a privacy-focused Rollup (Nightfall) and a self-sovereign identity solution (Polygon ID). This year, the Indian entrepreneur and software developer raised $50m for a new venture fund, Symbolic Capital, which is dedicated to bootstrapping early-stage Web3 ventures. Given the preponderance of Polygon-based dApps that now exist, as well as Nailwal’s almost fanatical commitment to unlocking Web3’s potential, he was a lock for this shortlist. Alex Gedevani (Delphi Digital) Alex Gedevani has had a productive last two years, working his way up from Research Analyst to Ventures Associate at prolific investment and consulting firm Delphi Digital. In earning his stripes as a researcher during DeFi summer and beyond, Gedevani became an indispensable asset for the New York firm, as well as those who had the sense to follow his musings on social media, where he has posted an exhaustive list of over 250 projects across multiple NFT verticals. “It's time to pay attention to the building blocks that will set the foundation for the next wave of users,” says Alex. Amen. Matthew Gould (Unstoppable Domains) Unstoppable Domains is an Ethereum startup that creates NFT domains which serve as a user’s cryptocurrency address, login to the decentralized web, and universal username. Big boss Matthew Gould has been instrumental to the company’s success, with the serial entrepreneur having overseen 300+ integrations and 2.4 million domains registered since 2018. In July of this year, the fast-growing domain name provider reached unicorn status with a valuation of $1 billion. In building a vital piece of Web3 infrastructure, Gould is destined to be at the very heart of Web3 over the coming years. 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.
13 days agocryptodaily
How to make money with the metaverse: Axie Infinity (AXS), Gala (GALA), Orbeon Protocol (ORBN)
According to a panel of experts at a Fortune conference last week, businesses across a variety of industries are using the metaverse to operate more productively and effectively, but the consumer market for this technology is still in its infancy. According to a report from Citi, the metaverse economy could be worth between $8 trillion to $13 trillion by 2030. Here is how you can profit from this opportunity with Axie Infinity (AXS), Gala (GALA), Orbeon Protocol (ORBN). >>BUY ORBEON PROTOCOL TOKENS HERE>BUY Orbeon Protocol TOKENS HERE<< Summary Orbeon Protocol looks a lot like a complete package for the crypto investor. Their native coin, ORBN, is now available in a presale phase which opened at the end of October and runs through until January 2023. Experts are looking very favourably upon Orbeon Protocol, predicting that the price will grow from the current level of $0.000 to as much as $0.24 by the time the presale ends. There is money waiting to be picked up by early investors here. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register Telegram: https://t.me/OrbeonProtocol 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.
16 days agocryptopotato
Sensorium Teams Up With Polygon Studios to Accelerate Development and Adoption of Web3 Projects
[PRESS RELEASE – Zug, Switzerland, 17th November 2022] Sensorium, the company behind the industry-leading Sensorium Galaxy metaverse, is pleased to announce that it is entering into a collaboration agreement with Polygon Studios. As part of this wide-ranging alliance, Polygon’s blockchain infrastructure will be crucial in underpinning and furthering Sensorium’s Web3 developments, supporting token and NFT-related […]
20 days agocryptodaily
Jason Brink of Gala Games interview with CryptoDaily’s Scott Cunningham
I'm Scott Cunningham with Crypto Daily, and today we're gonna be talking with Jason Brink of Gala Games. Thank you so much for being on the show today. Scott Cunningham, CryptoDaily (CD): What has been one of the most rewarding challenges for you being one of the first companies in the space? Jason Brink (JB): I think that for me, one of the things that I've found most rewarding is finding ways to connect with the community and bring new people into the space. I've been in blockchain for a long time, coming up on a decade here pretty soon. And over that time I've seen the entire industry grow from being a very, very small and hyper elite group of people to being much more open. And that is really exciting for me because it's only when we reach the point of actual mass adoption that all of this actually works. And it's both a challenge and a joy because you get to teach people when you also get to help people. And, and to see that, that flash of like insight when they really get it, that that's, that's a really cool experience. CD: Yeah, yeah, absolutely. How did Gala Games make its foray and how did you build this audience that you have today? JB: So our founder and CEO, Eric Schiermeyer, was one of the co-founders of Zenga, so he's been in the gaming space forever. A lot of the main people in the company come from gaming companies and ultimately what it boiled down to is that people in the gaming companies, you know, in their previous jobs got very tired of charging players for things that they did not get to actually own. And, you know, having the idea of actual real verifiable ownership and letting people transfer things around however they see fit is something that we feel is really important. And so it started with that. It started with a small game called Town Star, and now we've got a game that's just launching called Spider Tanks and we have a large, highly engaged community. And it's growing like crazy and I'm absolutely loving watching this. CD: That's really great to hear. And so you've got some games out, you've got some games coming. How has Player Adoption been like within the gaming space, and what do you think it's gonna look like in the next couple of years? JB: Well, we've got 28 total games in the pipeline right now, and these are all AAA games made by actual AAA developers. But until now the web3 gaming space has been depressing and it's incredibly difficult to get actual gamers to come in because they would come in and they'd look at it and they'd be like, &ldquo;Really, this is a, this is a flash game that I, I should have played in, you know, 2002&rdquo;. So being able to, to have real awesome, like web2 style gaming content, uh, with web3 interfaces is a very powerful thing. So as we push these out and as people start to play, we are getting a lot of new people coming in and looking at the games going, &ldquo;Oh wow, this is really fun. I would play this game no matter what&rdquo;. And they don't care about the NFTs necessarily all the time. They don't always care about the blockchain component. What they care about is having a really, really awesome game that they can play. And for us, that's priority number one, have an amazing game with an amazing gaming experience for people and it makes all the difference in the world. CD: Yeah, I think, um, the big mistake that gaming companies sometimes make is they try to go from crypto and then build it backwards where it seems like you guys are trying to build the gaming experience and then build off of that. So I think that's really, really awesome. And, and you're going to be a keynote speaker at the inaugural Philippine Blockchain Week, can you give us an insight into what that's gonna be a little bit about and what you might be speaking on? JB: Sure. So for me,I'm a big fan of the Philippines. I was in Manila earlier this year, got to hang out with some, some really, really cool people. And for me, what the Philippines represents is this amazing sense of community and family. Uh, it's an extremely large but also extremely tight knit community. Uh, and, and that's one of the reasons that I really like them. They are very passionate about games, they're very passionate about playing, and they're very passionate about everything that they do. And so what I'm going to be talking about there, is how gaming can influence communities and how you can use gaming as a way, to grow and to interconnect between some of the old like web2 and some of the new web3 elements. These are scary concepts to most people. Um, but I find that in the Philippines what you have is you have these close knit communities that help introduce one another to things. So you'll have one person who gets involved and they'll go get everyone in their town involved and they'll host events. They have you know, Town Star parties, which is one of the coolest things I've ever ever seen. Myrtle from Block Tides who's a good friend of mine her and her entire family get together and play Town Star together, and I think that that's absolutely phenomenal. And, uh, yeah, I'm gonna be talking about a lot of that sort of thing as well as getting together with some of the Gala community there in the Philippines. CD: Awesome. Awesome. That's really great to hear. And lastly, what is happening next for Gala Games? What is the next big thing you guys got in the works and, and what should we be expecting for the next little while? JB: One thing that's important to note about Gala is that it's not just Gala Games. It is our mandate to be a positive force and the leading company in web3 entertainment across all verticals. So we're also pushing very, very hard into film, into music and into other areas like that. And so this is what you're going to see; increased growth and increased interconnectedness across these different entertainment verticals. Lots more games, obviously we've got Superior coming to both Steam and Epic. We've got Spider Tanks, and you're gonna see a lot more launches. We've been building really, really hard over the last two and a half years. And what you're going to see now is the fruits of that finally coming to fruition with these game launches and these new economies and all of that, all rolling out. So it's going to be an incredibly exciting next couple years. CD: Awesome. I'll be looking forward to it. So thank you so much for joining us today Jason Brink from Gala Games. This has been very, very informative and I'm excited to start checking out some of these games and playing them myself. 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.
20 days agocryptodaily
Can Rocketize Token compete with Litecoin?
Some people are hesitant to invest in cryptocurrencies, especially since the crypto winter, whereby many tokens suffered a big dip in their value. Many analysts have predicted that the market should improve in the coming months and have tipped new currencies such as Rocketize Token (JATO) and Litecoin (LTC) as the ones to help token holders gain in the long run as both tokens offer multiple perks and features. Litecoin (LTC) - Bitcoin's Successor Litecoin (LTC) is a peer-to-peer cryptocurrency founded after Bitcoin. It uses the same protocol as Bitcoin, although there are certain differences, such as its hashing algorithm. It tries to solve or improve Bitcoin's shortcomings, including mining and slow transaction speeds. Furthermore, it has created a mineable currency, allowing users to earn it using their home-based computer power. It is also quicker than BTC, with transactions processed in minutes. Simultaneously, its minimal prices make it incredibly cost-effective for consumers to do their chores without worry. Because of these advantages, LTC has become popular and generally recognized as a payment mechanism. Rocketize Token (JATO) - A new meme coin contender Rocketize Token (JATO) is a cryptocurrency that operates on the BSC platform and is based on the BEP-20 standard. It is a meme coin that employs the rocket and space motifs rather than the dog themes often employed by coins such as Shiba Inu (SHIB). JATO Token is continually striving to develop and add new features. It will develop two NFT platforms that will be released in two stages, the first called The Galaxy and the second is The Reactor. It will soon be listed on exchanges like Coingecko, Uniswap, and Pancakeswap, as well as Coinmarketcap. Rocketize Token (JATO) has a total quantity of one trillion, half of which was burned during its minting, and it will most certainly outperform the other meme currencies once it is published on exchanges. How can I buy Rocketize Token (JATO) during its presale? Purchasing Rocketize Token (JATO) is a simple process that requires the user to create an account on the JATO website. Following that, the user must link their wallet and select from a variety of cryptocurrencies to pay with, including ETH, BTC, and BNB. Finally, after the payment is confirmed, the purchased tokens will be sent to the users' accounts. Tokens such as Rocketize Token (JATO) are now in pre-sale, but they have come prepared to give their all to the crypto community and compete with the previously established ones. Since a result, there is no better time to purchase a coin like this while its presale is still active, as you will never see it at such a cheap price again after others hear about this treasure. Users may also benefit from tremendous benefits when buying Rocketize Token (JATO), as it offers 10% additional tokens on purchases made using Solana (SOL) and 15% extra tokens when purchasing JATO with Bitcoin (BTC). Finally, if you buy it within 30 minutes of signing up, you will receive a 60% bonus. To find out more about Rocketize Token (JATO), visit the following websites: Presale: rocketize.io/buy Website: http://rocketize.io Telegram: https://t.me/RocketizeTokenOfficial 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.
20 days agocryptopotato
Gala Games’ Web3 Project Superior to Launch on Steam Late 2022
The gaming industry is the most popular segment in the entertainment industry with 3.2 billion gamers enjoying video games on their screens. With the emergence of concepts like metaverse and web3, people are taking more interest in the sector. Gala Games is one of the leaders in the Web3 and P2E industry. Its platform was […]
23 days agocryptosrus
CoinShares Reports Over $30 Million Worth of Crypto Stuck on FTX
Europe’s largest digital asset investment and trading group – CoinShares – revealed that approximately 11% of its total net asset value is situated on the crypto exchange FTX. Another firm experiencing similar issues is Mike Novogratz’s Galaxy Digital, which holds more than $76 million worth of exposure to the troubled firm. In a recent interview […] The post CoinShares Reports Over $30 Million Worth of Crypto Stuck on FTX appeared first on CryptosRus.
24 days agocryptodaily
Three Crypto Tokens With Long-Term Potential: Tezos, Rocketize Token, and Tron.
People that use and understand cryptocurrencies are constantly growing in number. New tokens are continually being created, all with the same goal: to replace the current leaders. Since there are no restrictions on building new cryptocurrencies, numerous innovative tokens have been released to the public. But which of these innumerable tokens can be trusted? Due to inexperience, many newcomers to the cryptocurrency market often feel lost and unsure of what coin to invest in. Picking a coin without first learning everything you can about it is a bad idea. To help you decide if Rocketize Token (JATO) is right for you, we'll be discussing its potential advantages and disadvantages in comparison to other market leaders like Tezos (XTZ) and Tron (TRX). Tezos (XTZ) The Blockchain Network The cryptocurrency market saw the introduction of Tezos in 2014. It's a blockchain network that automatically fixes any bugs it finds, and programmers may use it to create decentralized applications. As it provides its users with similar features to Ethereum, it might be compared to Ethereum. However, the Tezos coin does have some special characteristics that set it apart from Ethereum. Tezos, often known as XTZ, is a popular cryptocurrency due in large part to the network's on-chain administration. Token holders on the Tezos network are given the ability to vote on important matters pertaining to the future of the network. The Tezos token's blockchain is more adaptable and can accommodate new features because it can fix itself. Tron (TRX) The Blockchain Based Initiative TRON is a blockchain-based initiative that was released in 2017. It was created by Sun Yuchen. Tronix (TRX), TRON's native coin, was released alongside the platform and has subsequently generated considerable interest. This blockchain-based platform aims to change how we experience and share media online completely. TRX tokens can be used to pay content providers for their work. There is no governing body and no cost to access the information stored on the blockchain. The primary goal is to supply end customers with a blockchain infrastructure that is dependable, secure, efficient, and scalable. TRON provides its users with a number of different services, including the creation of smart contracts and delegated proof-of-stake consensus, as well as the development of dApps developers. Rocketize (JATO) The New Meme Coin Everyone in the cryptocurrency industry seems to be talking about a new meme coin called Rocketize Token (JATO). While most meme tokens feature dogs, the Rocketize Token has an adorable rocket blasting off into space, making it stand out in a market saturated with canine imagery. An abbreviation for "Jet Assisted Take-Off," JATO is the official acronym for this token. It's time for the Rocketize Token to blast out on its intergalactic adventure. Rocketize Token is a BEP-20 token that operates on the Binance Smart Chain platform. The primary concept of this cryptocurrency is deflation. There is no developer money or independent revenue model. The community owns the token, and they call themselves the Atomic Nation. Rocketize Token hopes to give its customers a number of options. Since it's a "meme coin," naturally, it will inspire some clever and entertaining memes. In addition to it, there may be instructional videos, cartoons, and audio recordings. Further, Rocketize Token intends to take the lead in establishing new standards for using DeFi technologies such as smart contracts, dApps for mobile devices, Web3 for game creators, and the advertising of commercial endeavours. In addition, there will be exciting, one-of-a-kind NFT mining events. If you want to learn more about Rocketize Token (JATO), check out these links:- Presale: http://rocketize.io/buy Website: http://rocketize.io Telegram: https://t.me/RocketizeTokenOfficial 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.
25 days agocryptopotato
Galaxy Digital Held $77 Million in FTX Exposure, Earnings Show
Mike Novogratz’s crypto firm still has over $47 million of FTX exposure stuck in the withdrawal process.
25 days agocointelegraph
Galaxy Digital discloses $77M exposure to FTX, $48M likely locked in withdrawals
The exposure amounts represents a small fraction of the firm's $1.5 billion in liquidity.
25 days agocryptodaily
Altcoins To Look Out For In November: Terra (LUNA), Gala (GALA), And The Hideaways (HDWY)
In the past, Terra (LUNA) and Gala (GALA), which ranks below 200 in the cryptocurrency market, and the rest of the market have done well in October. This might be one of the factors contributing to the current bullish trend in the crypto market, which has increased the total market cap of all cryptocurrencies by 3.28%. Here are reasons why you should watch out for LUNA, GALA, and The Hideaways in the coming months. Terra Aims For Bullish Trendline As of the time of writing, Terra (LUNA) has dropped by 3.9% over the previous day. However, this comes after investors withdrew their profits and pulled back a portion of the gains. The longevity of the price growth of these coins has drawn a lot of concern. LUNA aims for a bullish trendline as analysts expect the altcoin to regain price surges in November. Based on the sentiment score surrounding LUNA, the altcoin will experience a price increase. According to LUNA price projections for 2023, the coin will trade around $0.288 by December. Gala&rsquo;s P2E Platform Could Increase Coin Value GALA tokens are the native money of the P2E gaming platform Gala. Gamers can participate in a supportive community while playing various games and earning tokenized prizes within the Gala ecosystem. Due to this, more crypto gamers are getting interested in GALA which can increase the token&rsquo;s value. Currently, GALA is trading at $0.034 with a market cap of $258 million and a circulating supply of $7.5 billion coins. By the beginning of January 2023, GALA is anticipated to reach a price of $0.0543569. The anticipated minimum price is $0.0462033, with a maximum price of $0.0679461. GALA is expected to end the month for $0.0543569. Next Token To Explode In 2023: The Hideaways The Hideaways (HDWY) is a cryptocurrency many expert cryptocurrency investors believe valuable. The Hideaways provide a special chance to invest in upscale properties worldwide for as little as $100. Investors in fractionalized NFTs at The Hideaways receive over 20% APY in passive income. These will earn more than traditional real estate investments since they are backed by real estate. By the end of the year, it is predicted that The Hideaways (HDWY) will have increased by more than 9000%. You can now participate in the presale by registering on The Hideaways' official website! Be Part Of The Hideaways Presale! Website: https://www.thehideaways.io/ Presale: https://ticket.thehideaways.io/register Telegram: https://t.me/thehideawayscrypto Twitter: https://twitter.com/hdwycrypto
25 days agocoindesk
Crypto Finance Firm Galaxy Digital Reveals $76.8M Exposure Linked to FTX
The firms also reported net loss of $68.1 million for the third quarter.
27 days agocointelegraph
Report: GALA token exploit resulted from public leak of private key on GitHub
It appears that the leaked private key caused a change of ownership in the compromised smart contract 70 days prior.
27 days agocointelegraph
GALA token exploit ‘not a white hat act:’ Huobi Global
Huobi claimed that calling the incident a white hat move was only pNetwork’s excuse to avoid legal sanctions.

About Gala

The live price of Gala (GALA) today is 0.025396 USD, and with the current circulating supply of Gala at 6,977,205,436 GALA, its market capitalization stands at 177,193,563 USD. In the last 24 hours GALA price has moved 0.000277 USD or 0.01% while 20,928,612 USD worth of GALA has been traded on various exchanges. The current valuation of GALA puts it at #147 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 Price0.025396 USD
Market Rank#147
Market Cap177,193,563 USD
24h Volume23,283,710 USD
Circulating Supply6,977,205,436 GALA
Max SupplyNo Data
Yesterday's Market Cap175,643,630 USD
Yesterday's Open / Close0.024897 USD / 0.025174 USD
Yesterday's High / Low0.02521 USD / 0.024741 USD
Yesterday's Change
0.01% ( 0.000277 USD )
Yesterday's Volume20,928,612 USD
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