The native currency of Web3 game platform Gala Games, GALA, surprisingly rose 14% in early trade this morning. At the time of writing, GALA has increased 9.52% to $0.025 in the previous day. The token also increased by 4.04% over the previous week.
Over $200 million has been traded in GALA over the past 24 hours, a 204% rise in trading volume as dealers profited from recent market turbulence.
An announcement on the enormous potential utility of the GALA token on GalaChain and the most recent price increase are related.
The gas token for everything on GalaChain will be GALA, according to Gala Games’ president of blockchain, Jason Brink.
GALA is the gas token for GalaChain, according to Brink. “Confirmation -GALA will be the gas token for everything on GalaChain… doesn’t matter if we are talking about a game, a social media network, or another ecosystem like Gala Music or Gala films GALA is the gas token for GalaChain,” he said.
A Twitter user going by the handle “benefactor” provided updates on the development of Gala Games and mentioned that the GALA token will be used as gas for all GalaChain projects.
Brink provided confirmation in response to this tweet. Additionally, “benefactor” mentioned that Gala Games would be launching new games on GalaChain, with several of them coming in August, including Get Plucked, Champions Arena, and PokerGo.
Similar to this, Gala Games has just made an announcement about its collaboration with Elixir Games, a prominent Web3 gaming distribution platform. Thanks to this partnership, Gala Games’ titles will soon be accessible to Elixir users via their gaming platform. Additionally, as part of this partnership, Elixir will host regular gaming events with special giveaways for participants in the partner programme.
With the release of Gala v2, which was airdropped as part of a 1.1 token drop for users, a new era for the Gala Games ecosystem was announced in May.
