Lets talk about Gala Games (web 3, layer 1 blockchain)

With Bitcoin (BTC) smashing though All Time Highs recently, the crypto market seems to be frothing back up again, so a little blog on Gala Games seems apt….

What is Gala Games?

Gala Games is not just another web2 gaming platform; it’s a complete change in the way we perceive and interact with digital games. Founded by Eric Schiermeyer, the ex-CTO of myspace, Gala Games is building a world where players have true ownership of in-game assets (via the use of Non-Fungible Tokens -NFTs), economies are governed by decentralized principles, and developers are empowered to create without restrictions.

The Essence of Web3 Gaming

At the core of Gala Games lies the concept of Web3 gaming, which represents a departure from traditional gaming models characterized by centralized control and closed economies. In contrast, Web3 gaming leverages blockchain technology to create a transparent, secure, and player-centric ecosystem where ownership, value, and governance are distributed among the community.

Community Ownership and Governance

One of the key tenets of Gala Games is community ownership. Through blockchain-based technologies like non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs), players can truly own their in-game assets, from characters and items to land and virtual spaces. This ownership extends beyond mere possession; it grants players the ability to participate in the governance of the Gala Games…