UPDATED. 2024-05-17 17:27 (금)

The Visionary World of Gala: Empowering the Entertainment Industry with Blockchain Technology
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The Visionary World of Gala: Empowering the Entertainment Industry with Blockchain Technology
  • 장명관 기자
  • 승인 2024.05.03 16:12
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◆Built for Entertainment, Ready for Anything
After starting as a web3 pioneer with integration of blockchain tech into gaming, Gala has evolved into a next generation entertainment powerhouse that now encompasses music and film in addition to a growing catalog of games. Through the course of its massive growth over the past few years, Gala has become a force to be reckoned with in the blockchain space.

With a Founder’s Node network that comprises the largest contributing network to the decentralized internet and a state-of-the-art L1 blockchain called GalaChain, Gala is looking to the future and catering to a broad spectrum of industries. GalaChain was initially inspired by the unique demands of the gaming industry and the high transactional throughput required for gaming. Additionally, GalaChain’s unique combination of crossover experts from both gaming and blockchain built the chain to scale at the speed of gaming, making the chain perfect for growth, no matter the industry. 

Today, GalaChain is presented not only as a blockchain perfect for entertainment development needs, but a versatile developer-first ecosystem that is extendable to commercial enterprises and various world industries.

◆Gala Nodes
The Gala ecosystem is powered by a Decentralized Physical Infrastructure Network (DePIN), consisting of a growing number of individual user-operated node networks. This decentralized approach allows the Gala ecosystem to power a large portion of the decentralized internet and to scale without relying solely on centralized servers.

The backbone of the entire Gala ecosystem is its Founder’s Node network, with a maximum of 50,000 decentralized Founder’s Nodes providing workloads to the GalaChain infrastructure. New $GALA enters the circulating supply when distributed daily to Founder’s Node operators as a reward for powering the network.

Other node networks run more specific workloads for various parts of the ecosystem, such as Gala Music’s Jukebox Nodes, Gala Film’s Theater Nodes, and game specific Nodes for games such as Common Ground World and Last Expedition. Each node network has a unique system to reward operators. Licenses to operate nodes for rewards are sold, usually in limited supply sales. With a recent update, Gala node licenses gained the ability to become tokenized, making them transferable and tradable as Node Workload NFTs within the GalaChain ecosystem.

◆$GALA
$GALA is the ecosystem's core utility and gas token, playing a pivotal role in maintaining a healthy and scalable network. It is generated daily when distributed to operators of Gala Founder's Nodes as a reward for powering the ecosystem. 

Through platform purchases, transactional fees and other qualifying ecosystem supporting activities, $GALA is continuously burned to reduce supply and balance the token’s economy, ensuring scalability and long term utility. The security and reliability of $GALA is certified through an independent audit by leading blockchain security auditor CertiK, whose rankings show that $GALA is the most secure altcoin in the world, only ranking behind Bitcoin and Ethereum in its security rating.

◆Gala Games
At the heart of Gala Games is the revolution of the mobile gaming experience, created by some of the same visionaries who pioneered the social gaming genre with titles like Zynga Poker, Farmville 2 and Words with Friends. The future of Gala Games will tap into world class game developers to leverage both AI and blockchain to create a future where gamers are empowered through ownership and rewards.

The Gala Games platform allows players to truly own their in-game assets, transforming how they interact with games. By making every game asset from characters to equipment tradeable and ownable, Gala Games not only enhances the gaming experience but also rewards the time and effort players put into their digital adventures.

With its recent unveiling of a new large scale game development studio in Santiago, Chile and a strategic partnership with Emerge Group to onboard the next generation of professional developers from web2, Gala Games is expected to grow massively in the coming months and years. 

◆Gala Music
Gala Music is redefining the music industry by empowering artists and fans through blockchain technology. The web3 music platform provides tools for emerging artists to manage their careers with greater control and autonomy, offering a self-service model that democratizes music production and distribution. Fans and artists together shape the future of music, creating a community-driven environment where everyone has a voice, and artists retain greater control and rewards from their work.

◆Gala Film
Gala Film introduces a revolutionary model to the film and video content industry with its 'Watch, Unlock and Earn' concept. This model transforms viewers into active participants who can unlock exclusive content and receive rewards by engaging with the platform. It's an innovative approach that incentivizes viewership and interaction, potentially reshaping how content is consumed and monetized in the streaming age.

With the recent initial launch of its new platform, Gala Film premiered RZR, the dark sci-fi thriller series from acclaimed creator David Bianchi. Gala Film users can now enjoy new episodes weekly, as well as reward-enabled NFT ownership opportunities and a gamified collectible experience that allows viewers to collect Shards to unlock additional exclusive content.

◆GalaChain
Initially GalaChain was built exclusively to power the Gala entertainment ecosystem. Once the unparalleled effectiveness of the chain was proven through those applications, Gala opened its blockchain to the developers of the world, no matter their industry.

The newly public release of Gala’s layer-1 blockchain marks a significant step toward decentralization for the web3 entertainment leaders, whose mission has expanded from empowering users of its various entertainment platforms to empowering enterprises throughout the world with full web3 functionality.

By integrating a TypeScript-integrated SDK in early 2024 that makes it easier than ever for new developers to join the blockchain revolution, Gala has opened new doors for developers to build on its native L1 and add blockchain capabilities into numerous applications.

The Gala Creator Portal (also released in Q1 2024) allows easy management of tokenomics and project rewards for developers of all types, empowering creators and ensuring that Gala remains at the cutting edge of blockchain technology.

With GalaSwap, GalaChain revealed and released its first decentralized exchange protocol, allowing users to create and accept swaps for various GalaChain tokens, and empowering developers to integrate GalaSwap into their own projects on-chain.

info@blockchaintoday.co.kr

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