Gala operates as a web3 ecosystem supported by GalaChain, a layer-1 blockchain designed to fuel its entertainment suite, which initially comprised Gala Games, Gala Music, and Gala Film. Recently, GalaChain has expanded access to external developers and projects across various industries, offering open source resources to streamline development.

Aiming to empower creators and users globally, Gala strives to become the world’s first blockchain with one billion users. Innovators can more easily bring web3 advantages to their communities by utilizing open source instruments such as the Creator Portal and GalaChain SDK.

Through GalaChain, developers can launch custom tokens, smart contracts, node networks, and reward systems for their projects. Assets created on this chain may be bridged to other networks, including Binance Smart Chain and Ethereum. Those interested in learning more about participating in GalaChain can contact the team via GalaChain.com.

The foundation of GalaChain relies on a DePIN (Decentralized Physical Infrastructure Network) consisting of Founder’s Nodes. Operators of these nodes receive daily $GALA rewards for contributing resources to the ecosystem and hold voting rights on specific core governance matters. Beyond the foundational work of the Founder’s Node network, individual projects have the ability to establish their own Node networks on GalaChain tailored to specific workloads.

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$GALA functions as the primary utility and gas token for transactions within the Gala blockchain ecosystem. The project did not conduct an Initial Coin Offering (ICO) or any similar initial distribution event. Rather, new $GALA tokens enter circulation solely as rewards for Founder’s Node operators who support the decentralized network. For further details on the token and the broader platform, refer to the Gala Ecosystem Blueprint (PDF).

Eric Schiermeyer, who co-founded Zynga, established Gala in 2019. He is recognized as a pioneer in social and blockchain gaming, with a history of success in emerging technology fields. Schiermeyer was supported early on by prominent figures from both the blockchain sector and game development, positioning Gala to potentially become a leading entity in the web3 space.

Headquartered in San Francisco, the global organization employed more than 350 full-time staff members as of early 2024. This workforce covers its primary divisions: Gala Games, Gala Music, Gala Film, and GalaChain. The headcount figure excludes the many external developers and contractors who also contribute to the decentralized Gala ecosystem.

Gala distinguishes itself in the web3 sector through several defining features:

1. GalaChain - To support its decentralized networks, starting with entertainment sectors like gaming, music, and film, Gala developed GalaChain, a robust layer-1 blockchain. Incorporating capabilities from top-tier blockchains, GalaChain fosters a scalable web3 environment that promotes growth while reducing reliance on centralized infrastructure.

1. Developer Friendly - Significant effort has been invested to make the chain more accessible for outside developers. By utilizing resources such as the open-source GalaChain SDK and the streamlined Gala Creator Portal, creators can efficiently realize their projects on GalaChain.

1. Decentralized - The network relies on various independent node systems, anchored by the Gala Founder’s Node network (which consists of 50,000 total Founder’s Nodes). New $GALA tokens enter circulation via daily distributions to active Founder’s Node operators, strongly motivating community members to contribute computing power. Specialized networks, including game-specific nodes, Gala Music’s Jukebox Nodes, and Gala Film’s Theater Nodes, handle specific workloads and offer unique rewards to operators.

1. No ICO - Established with a focus on decentralization and user empowerment rather than through an initial coin offering or funding round, Gala stood out during the peak of the ICO era that resulted in losses for many early web3 investors. Funding came exclusively from sales of products like Founder’s Node licenses and NFTs from live and upcoming titles, such as the flagship game Town Star (now known as Common Ground World).

1. Burning Tokens - $GALA used for gas within the ecosystem is burned (leaving maxSupply unchanged while reducing totalSupply). Tokens are also burned through specific purchases and other activities that support the ecosystem, as detailed in the Gala Ecosystem Blueprint.

1. Adaptability - Gala aims to match the rapid pace of web3 by quickly developing solutions to emerging challenges. This approach extends beyond launching GalaChain and forming exchange partnerships to include navigating the complex and evolving regulatory landscapes across numerous countries.

The maximum supply of $GALA is capped at 50 billion tokens. The amount in circulation changes daily because the emission rate adjusts dynamically based on the current circulating supply. This circulating supply can decrease through burning when $GALA is used for gas within the Gala ecosystem or spent on activities that support the ecosystem.

All $GALA tokens originate as rewards for operating Gala Games Founder’s Nodes. Currently, these rewards are split evenly, with a 50:50 distribution between Founder's Node Operators and the Conservatorial Entity. Gala acts as the Conservatorial Entity, receiving its share for curating and maintaining the platform.

A variable daily emission formula determines the current emission rate by considering the totalSupply of $GALA on the blockchain. If the totalSupply rises, meaning more tokens are emitted than burned, the emission rate drops. Automatic halving events trigger when specific totalSupply milestones are met. However, if the totalSupply falls below a previously reached halving point, the emission rate may increase to match demand.

This interaction between emission adjustments and supply reduction creates a responsive system. It aims to provide long-term rewards for Founder’s Nodes, which support the ecosystem, while balancing the totalSupply and applying downward pressure on the number of tokens in circulation.

The basic $GALA Emission Tranches are structured as follows:

• Total Supply ≤ 25,000,000,000 = 68,493,150.6849315 $GALA distributed daily
• Total Supply ≤ 37,500,000,000 = 34,246,575.3424658 $GALA distributed daily
• Total Supply ≤ 43,750,000,000 = 17,123,287.6712329 $GALA distributed daily
• Total Supply ≤ 46,875,000,000 = 8,561,643.83561644 $GALA distributed daily
• Total Supply ≤ 48,437,500,000 = 4,280,821.91780822 $GALA distributed daily
• Total Supply ≤ 49,218,750,000 = 2,140,410.95890411 $GALA distributed daily
• Total Supply ≤ 49,609,375,000 = 1,070,205.47945205 $GALA distributed daily
• etc.

Further details on the $GALA token are available in the Gala Ecosystem Blueprint (PDF).

CertiK, an auditor, places $GALA at the number 3 spot on its leaderboard for the most secure altcoin in the world, with BTC as #1 and ETH as #2. The $GALA token uses a Gnosis multisig safe, a secure structure that ensures no single team member holds unilateral access. This approach supports collective oversight and improves operational security. Additionally, $GALA is committed to keeping the highest standards of governance and compliance. Gala also partners with several respected international accounting and regulatory agencies to make sure $GALA consistently meets internationally recognized best practices. After an extensive audit, Certik, the leading security-focused ranking platform that monitors and analyzes blockchain protocols and DeFi projects, gave $GALA a Gold badge and an AAA rating.

The Ethereum-based $GALA token is available on numerous private exchanges globally and many decentralized platforms. You can find a full listing in the “Markets” tab.

Although significant trading volume occurs on various exchanges through the token’s Ethereum contract, most of its utility resides on GalaChain. $GALA is first issued there as rewards for Founder’s Node operators and can be readily bridged to Ethereum for trading purposes.

Within the GalaChain ecosystem, users may trade $GALA via the decentralized exchange protocol known as GalaSwap.