Gala Games recently made an announcement about its plan to transition unsold and reserve NFT game items from the Ethereum network to its newly developed proprietary blockchain, GalaChain. This transition is expected to bring several advantages to gamers, including the ability to interact with their NFTs without having to pay Ethereum’s gas fees. Moreover, this move is projected to enhance the platform’s web3 functionalities.
To complement the transition to GalaChain, Gala Games will introduce a new feature called NFT Mystery Boxes. These boxes will contain game items that are no longer available in the Gala Games Store. When opened, each box will reveal three randomly selected game items from various titles within the Gala Games Ecosystem. These items will serve as tokens on GalaChain, allowing users to easily transfer and manage them without incurring any gas fees.
Jason “BitBender” Brink, the President of Blockchain at Gala Games, expressed his enthusiasm for the transition. He stated, “Bringing NFTs from our games onto our own layer 1 blockchain is a significant move. GalaChain is envisioned to facilitate game items to be utilized without the constant concerns regarding bridges and gas.” Gala Games, known for delivering AAA game experiences that emphasize player ownership, has solidified its position in the web3 entertainment sector.
In May, Gala Games made headlines when it decided to burn approximately 21 billion GALA tokens, with an estimated value of $637 million. This action was taken after the completion of its V2 token airdrop. The burning of tokens was seen as a strategic move to address concerns about a potential rapid sell-off event. Gala Games has demonstrated its commitment to the community by initiating the process of burning their native token, $GALA, as outlined in their 2023 Vision Paper.
The burning of 2 billion $GALA tokens is part of Gala Games’ Gems initiative, which aims to support mobile growth and strengthen the node ecosystem. Prior to the introduction of v2 contract, tracking this commitment was not feasible. However, with the updated version, Gala Games is now able to implement and maintain the burning process effectively.
The transition of Gala Games from the Ethereum network to GalaChain represents a significant development in the gaming industry. By creating their own blockchain, Gala Games is addressing concerns related to gas fees and bridges, allowing users to seamlessly interact with their NFTs. The introduction of NFT Mystery Boxes adds excitement and value to the Gala Games Ecosystem, providing users with the opportunity to obtain unique game items. Additionally, the burning of GALA tokens demonstrates Gala Games’ commitment to the community and its long-term vision. With these advancements, Gala Games is poised to make a lasting impact on the gaming domain and further solidify its position as a leader in web3 entertainment.