In a recent announcement, Gala Games shared its intention to move unsold and reserved NFT game assets from the Ethereum network to their recently developed proprietary blockchain, GalaChain. This tweak promises to allow gamers to interact with their NFTs without the gas costs of Ethereum. In addition, this change is expected to improve the platform’s web3 functionalities.
Gala Games will be rolling out several new NFT Mystery Boxes to complement this transition. These boxes contain game items that are no longer up for grabs in the Gala Games Store. The box is designed to contain three randomly selected game items from various titles available in the Gala Games ecosystem. The items in these boxes will function as tokens on GalaChain. In particular, actions on GalaChain, such as transfers, can currently be performed without incurring any gas fees. This is a significant advantage as creating and distributing these NFT Mystery Boxes would have been significantly more expensive in terms of gas if run on the Ethereum network.
Jason “BitBender” BrinkGala Games President of Blockchain commented on this transition. He said: “It is an important step to bring NFTs from our games to our own layer 1 blockchain. GalaChain aims to facilitate the use of game assets without the constant worry of bridges and gas. Given the capabilities of GalaChain, Gala Games released 30204 NFT Mystery Boxes with different price tags.
Gala games
Founded as a prominent figure in web3 entertainment, Gala Games focuses on delivering AAA gaming experiences such as Spider Tanks. These experiences emphasize the essence of player ownership. The foundation of the company lies in the extensive decentralized gaming nodes, all managed by players. With numerous game releases in the previous year and several more approaching their final stages of development, Gala Games is making strides in gaming.
Earlier, in May, Gala Games made a remarkable decision to burn about 21 billion GALA tokens. The value of these tokens amounted to an impressive $637 million. This action was taken after the completion of the V2 token airdrop. Such a move by Gala Games was seen as an attempt to allay concerns about a possible rapid sell-off. As emphasized in their Vision document 2023, Gala Games has started burning their own token, $GALA. This move came in response to community feedback.
It is part of their Gems initiative, which aims to support mobile growth and strengthen the node ecosystem. Gala Games has pledged to burn $2 billion GALA over the course of the year. While following this commitment was not feasible under their v1 contract, the introduction of v2 has made it feasible.