Please note, this is a STATIC archive of website www.coindesk.com from 28 Feb 2023, cach3.com does not collect or store any user information, there is no "phishing" involved.
$0.02722787
24H %
-3.42%
24H Low
$0.02691077
24H High
$0.02852181
DownloadIcon
TO

Linear
Log

About Gala

Sector

Culture & Entertaiment


Industry Group

Metaverse


Industry

Metaverse Platform



The Gala price is $0.03, a change of -3.42% over the past 24 hours as of 3:11 p.m. The recent price action in Gala left the tokens market capitalization at $205,366,108.32. So far this year, Gala has a change of -94.14%. Gala is classified as a Culture & Entertaiment under CoinDesks Digital Asset Classification Standard (DACS).


About Gala (GALA)

Gala (GALA) is a utility token built on the Ethereum blockchain that can be used in the Gala Games ecosystem, a play-to-earn platform, as a means of payment. As such, GALA can be used to buy non-fungible tokens (NFT) in the Gala Shop as well as control the network or win prizes.

GALA price

GALA’s price skyrocketed in November 2021, from $0.086 on Nov. 11 to $0.8248 on Nov. 26, which is the coin’s all-time high to date. At the time, its market capitalization was close to $5 billion.

The maximum supply of GALA tokens is 35.24 billion GALA. Currently, there are 6.98 billion GALA tokens in circulation.

GALA’s market value is still very low compared with its main competitors, Axie Infinity’s AXS and The Sandbox’s SAND token. As of April 2022, the all-time high AXS market cap was $9.8 billion (based on a price of $164.90) while the highest market cap for SAND was $7.5 billion (based on a price of $8.40).

The GALA token was issued in November 2020 and saw a bullish year in 2021 before falling to as low as $0.1653 on Jan. 24, 2022.

How does Gala work?

Gala differs from other gaming ecosystems because it gives control of game development to its players by allowing them to submit their game ideas for a vote by the community. This way, gamers have full ownership of their in-game items, such as their NFTs.

So far, Gala Games has released one game, Town Star, and an NFT series called Vox.

In Town Star, each player manages and owns a town, and so far over 700,000 towns have been created, with roughly 600 million players having played the game as of April 2022. Vox, on the other hand, is a set of unique NFT avatars that can be used for multiple purposes, like earning voxcoins.

Key events and management

Gala Games was founded in July 2019 by Eric Schiermeyer, co-founder of Zynga, the social and mobile games company that launched video games Poker and Farmville. As of April 2022, Gala Games has over 1.3 million monthly active users and has sold roughly 26,000 NFTs, with the most expensive one worth over $3 million.

In December 2021, Gala Games announced that, with investment firm C2 Ventures, it had formed a $100 million fund to invest in play-to-earn games, the metaverse and other blockchain-based projects. Global gaming revenue is expected to reach $200 billion in 2024, according to e-sports analytics firm Newzoo.


Previously Aired
CDTV logo

Quantum Economics Bitcoin Analyst Jason Deane joins "All About Bitcoin" to discuss his markets outlook as the lending arm of crypto investment bank Genesis Global Trading is temporarily suspending redemptions and new loan originations in the wake of FTX’s collapse. Plus, a conversation with Castle Island Ventures Partner Nic Carter about why proof of reserves could help to win back public trust in crypto.

$205.37M

$58.47M


Gala Price

24H Open
$0.02822631
24H Change
$-0.00096614
52 Week Low
$0.02479300
52 Week High
$0.82483700
All Time High
$0.82483700
Returns (YTD)
-94.14%

Gala Market Stats

Total Supply
7.54B
Max Supply
50.00B
24H Value Transacted
N/A
30D Volatility
1.83
24H Transaction Count
N/A
24H Average Transaction Fee
N/A

About Gala

Sector

Culture & Entertaiment


Industry Group

Metaverse


Industry

Metaverse Platform



The Gala price is $0.03, a change of -3.42% over the past 24 hours as of 3:11 p.m. The recent price action in Gala left the tokens market capitalization at $205,366,108.32. So far this year, Gala has a change of -94.14%. Gala is classified as a Culture & Entertaiment under CoinDesks Digital Asset Classification Standard (DACS).


About Gala (GALA)

Gala (GALA) is a utility token built on the Ethereum blockchain that can be used in the Gala Games ecosystem, a play-to-earn platform, as a means of payment. As such, GALA can be used to buy non-fungible tokens (NFT) in the Gala Shop as well as control the network or win prizes.

GALA price

GALA’s price skyrocketed in November 2021, from $0.086 on Nov. 11 to $0.8248 on Nov. 26, which is the coin’s all-time high to date. At the time, its market capitalization was close to $5 billion.

The maximum supply of GALA tokens is 35.24 billion GALA. Currently, there are 6.98 billion GALA tokens in circulation.

GALA’s market value is still very low compared with its main competitors, Axie Infinity’s AXS and The Sandbox’s SAND token. As of April 2022, the all-time high AXS market cap was $9.8 billion (based on a price of $164.90) while the highest market cap for SAND was $7.5 billion (based on a price of $8.40).

The GALA token was issued in November 2020 and saw a bullish year in 2021 before falling to as low as $0.1653 on Jan. 24, 2022.

How does Gala work?

Gala differs from other gaming ecosystems because it gives control of game development to its players by allowing them to submit their game ideas for a vote by the community. This way, gamers have full ownership of their in-game items, such as their NFTs.

So far, Gala Games has released one game, Town Star, and an NFT series called Vox.

In Town Star, each player manages and owns a town, and so far over 700,000 towns have been created, with roughly 600 million players having played the game as of April 2022. Vox, on the other hand, is a set of unique NFT avatars that can be used for multiple purposes, like earning voxcoins.

Key events and management

Gala Games was founded in July 2019 by Eric Schiermeyer, co-founder of Zynga, the social and mobile games company that launched video games Poker and Farmville. As of April 2022, Gala Games has over 1.3 million monthly active users and has sold roughly 26,000 NFTs, with the most expensive one worth over $3 million.

In December 2021, Gala Games announced that, with investment firm C2 Ventures, it had formed a $100 million fund to invest in play-to-earn games, the metaverse and other blockchain-based projects. Global gaming revenue is expected to reach $200 billion in 2024, according to e-sports analytics firm Newzoo.


Market Analysis
Social Analysis

Trending Assets

Bitcoin Calculator

Last Updated on 11/17/22 3:11 PM

CoinDesk’s Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN – with up to six decimal places of accuracy. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.


Latest About Gala

CoinDesk - Unknown
$1B Crypto Hack Fears Spur 20% GALA Plunge, but Firm Implies It Attacked Itself as a Safeguard

"All GALA tokens on Ethereum as well as the underlying bridge collateral are SAFE," an affiliated firm tweeted.

CoinDesk - Unknown
CoinDesk - Unknown
Market Wrap: Crypto Sell-Off Stabilizes Amid Bearish Sentiment

BTC was roughly flat over the past 24 hours and down by 6% over the past week. Traders remain cautious.

CoinDesk - Unknown
CoinDesk - Unknown
GALA se dispara 20% y lidera las subidas de tokens del metaverso

Las ganancias se produjeron tras el anuncio de un plan de inversión de $5000 millones por parte de Gala Games y otras importantes noticias sobre acuerdos y eventos.

CoinDesk - Unknown

Disclaimer
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or duration of CoinDesk content in all its forms.