Regardless of the declines seen throughout the cryptocurrency market within the final 24 hours, GALA, the native token of blockchain gaming platform Gala Video games, stays up 163% within the final 30 days, in response to CoinGecko information. Within the final 24 hours, GALA was down 7% at $0.047.
At first of 2023, gaming and metaverse tokens outperformed the broader crypto market by way of beneficial properties. GALA gained consideration following its huge rise, which culminated in highs of $0.056 on Jan. 23.
Apart from the constructive sentiment garnered by gaming and metaverse tokens, the Gala crew, which predicts 2023 shall be an incredible 12 months for gaming, has additionally put some steps in place.
On Jan. 12, Gala Video games introduced a platform-wide burn. In a screenshot posted on its official Twitter deal with, Jason Brink, president of the blockchain at Gala Video games, disclosed that for all of Q1, 2023, when a “buy” is made on the GALA platform, the GALA used will be burned, together with that used to buy digital property.
There shall be an computerized burn in such a state of affairs. When the GALA tokens in query have been burned, an identical quantity shall be added to the emission pool to be reemitted through Founders Nodes within the regular distribution.
Gala Movies-backed “RZR” takes off
Gala stays devoted to Web3 video games and leisure. In a constructive improvement, Gala Movies is working with actor and director David Bianchi on his upcoming “RZR” sequence.
— Gala Movie (@GoGalaFilms) January 24, 2023
The film “RZR,” whose filming will begin later this month, shall be produced and distributed by Gala Movies. The premiere date is ready for later this 12 months.
In November, Gala Movies introduced its partnership with the manufacturing crew of “4 Down” on a financing and distribution deal for a feature-length documentary helmed by Emmy Award-winning filmmaker Steven Cantor.