Gala Games is a blockchain gaming platform that allows players to earn cryptocurrency and NFTs through playing games.
History
Gala Games was founded in 2019 by Eric Schiermeyer, Michael McCarthy, and Wright Thurston.
Tokenomics
$GALA is the in-game currency, node rewards, and governance token.
Funding
Investments: Binance Labs, DWF Labs.
Raised: $100 million.
How it works
Gala offers various games and in-game items as NFTs that can be purchased in the Gala Store.
Interesting events
- In autumn 2023, Gala Games CEO Eric Schiermeyer and co-founder Wright Thurston sued each other. Schiermeyer accused Thurston of illegally obtaining and selling $130 million worth of GALA tokens. Thurston accused Schiermeyer of embezzling $600 million in company assets and participating in fraudulent schemes for personal gain.
- In summer 2022, Gala Games announced that its shooter GRIT will be the first NFT game to be launched on the Epic Games Store.
**Gala Games is a blockchain gaming platform that allows players to earn cryptocurrency and NFTs through playing games. It was founded in 2019 by Eric Schiermeyer, Michael McCarthy, and Wright Thurston. The platform has raised $100 million from investors such as Binance Labs and DWF Labs.**
Gala Games offers various games and in-game items as NFTs that can be purchased in the Gala Store. The platform also has a music and film marketplace where artists can sell their work directly to fans.
In 2022, Gala Games launched its own blockchain, Project GYRI (GalaChain). The platform also has four types of nodes that support the network: Founder Nodes, Game Nodes, Players Nodes, and Film Nodes.
Gala Games has been involved in some controversy. In 2023, CEO Eric Schiermeyer and co-founder Wright Thurston sued each other over allegations of fraud and embezzlement. However, the platform continues to grow and develop, and it remains to be seen how it will evolve in the future.
