Gala Price Prediction 2022-2031: Is GALA a Good Investment?

According to a report from trend-spotting firm Gartner, 20% will spend at least an hour each day shopping, working, playing, or learning in the metaverse by 2026. One cryptocurrency that’s well-positioned right now to grow and benefit from that future trend is Gala Games (GALA). Consider two primary things you should know about this potential metaverse play before investing:

  • Gala Games has its own NFT collection and a highly engaged community
  • GALA price is an 87.7% discount from its $0.71 price peak back on 27 Nov 2021. 

Today’s Gala price today is $0.086927 with a 24-hour trading volume of $295,888,530. Gala is up 1.30% in the last 24 hours. The current CoinMarketCap ranking is #78, with a live market cap of $606,505,646 USD. It has a circulating supply of 6,977,205,436 GALA coins and the max. supply is not available.

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What is GALA?

GALA is the utility token of Gala Games and is the main asset used in the Gala Ecosystem for gaming and buying the in-game assets. The token is an integral part of Gala Games, which users can use in the Gala Games ecosystem by running a Gala Node.

However, to run a node, Gala players will need a license that will allow them to earn rewards and NFT from their home computers. But the catch is that this license costs $13,000 in ETH, BAT, or GALA. Furthermore, the number of nodes that can participate in the process is 50,000.

How does Gala work?

Gala is similar to a Steam store or GOG and involves a variety of games that users can play on the platform. Unlike other stores, which include players paying to play the games, the games here are free-to-play, and users can own all the items in the game. GOG.com is a digital distribution platform with a curated selection of games and a philosophy that is a “you buy it, you own it.”

Gala’s approach to blockchain-based gaming is unique compared to the new ‘buying’ in-game items. There are a total of 5 games on the platform:

  • Mirandus
  • Spider Tank
  • Town Star
  • Fortified
  • Echoes of Empire

Most of these games are NFT and metaverse themed, where users will have to create something or use NFT to complete the game. Players will also find an NFT store with several in-game assets distributed in these categories: six rarity classes: Common, Uncommon, Rare, Epic, Legendary, and Ancient.

Gala Partnership

Gala ended 2021 on a high with an announced partnership with Under Armour. This is poised to be a partnership for charitable causes. Two thousand nine hundred seventy-four editions of the Genesis Curry Flow NFT were made available. 

Binance partnered with Gala Games and many other metaverse networks to give metaverse tokens worth $400,000 last December 2021.

Gala latest developments

Gala promised to develop blockchain games that people would want to play. They delivered on that promise by announcing in December that they would be partnering with legendary Sims designer Will Wright. Gala Games and Gala Labs worked with Wright to create the VOXverse, a home for your favorite collectible “avatars that DeFi!”.