Gala (GALA-USD) is standing strong at a time when the metaverse and blockchain gaming seem to be in decline. Gala continues to add to its extensive list of titles, and the network and its GALA cryptocurrency are attracting attention this week.
What’s really intriguing about this revelation, though, is Gala’s strategy for distributing the game. It’s the start of a possibly long and successful collaboration with one of today’s top video game firms.
Gala Games has amassed a large portfolio of video games focused on blockchain technology since its inception in 2019. The organization now has a total of 14 titles under its belt. Gala may include non-fungible tokens (NFTs) and cryptocurrencies into its games by mixing gaming with blockchain. This allows players to make money while playing games, giving them an added incentive to do so.
Gala launched the GALA coin in 2020, a governance token that enables holders to influence the course of the Gala community. GALA has been integrated into the studio’s games, enabling gamers to earn money as they play. It also gives tokens to node operators in exchange for their assistance in providing network infrastructure.
However, after a dramatic spike in late 2021 fueled by the play-to-earn (P2E) crypto boom, GALA is now caught in a slump. As a consequence of the market’s overall decline, this segment of the market has been trailing. As prices across the asset class plummet, investors are fleeing these novelty bets in favor of safer assets. Today’s news, on the other hand, has the potential to shift the token’s trajectory.
GALA Crypto Benefits from Epic Games’ First Title Launch
Today, the GALA cryptocurrency is up roughly 5%, indicating a turnaround for the token after many weeks of net losses. This move coincides with the release of Gala’s newest game, Grit, a western-style shooter. The game is particularly intriguing since it is the first blockchain game to be launched on Epic Games’ online store.
Some game marketplaces are opposed to include blockchain games in their catalogs. Steam said last fall that any games featuring cryptocurrency or other blockchain aspects will be removed from its store. Epic, on the other hand, is opting to embrace the games while these platforms clamp down on them.
Gala’s partnership with Epic, according to the release, is just getting started. Grit will not only use Epic’s Unreal Engine — a well-known piece of graphical engineering — but Gala has hinted that there may be further collaborations between the two. The game is expected to be released in late 2022, according to the developers. Users may purchase NFT cosmetics for their characters via Gala’s marketplace till then.