GALA Games (GALA) surged by 20% in the last 24 hours

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GALA Games, the eponymous token of Gala Games, a blockchain-based gaming platform, has risen 20% in the last 24 hours. By doing so, it outperformed other key metaverse assets and Meta stock.

Gala Games announced the move after announcing intentions to invest $5 billion over the next year to expand its non-fungible token (NFT) offerings by purchasing intellectual property and constructing a theme park.

The GALA token is the GALA Games ecosystem’s digital service token. It is native to the company’s ecosystem.

The GALA Games ecosystem is thriving, and blockchain Play-to-Earn games is to influence the future of gaming.

In the last week, the price of GALA has increased by more than 100%. Despite its recent surge, the token is still trading at approximately half of its all-time high.

“Investors are cheering the rising price because they are excited about the developing sector of decentralized gaming, non-fungible tokens (NFTs), and the metaverse,” Raj A Kapoor, Founder, India Blockchain Alliance, said.

GALA can be shared among users, and users have complete control over how it is used. Its price hit a fresh all-time high last week, grabbing the attention of crypto-currency watchers.

According to Micky Irons, director of marketing at DeSpace, NFT is one of the trendiest issues in crypto investing that might become relevant in the next two years, and GALA Games has the traction and resources to become a behemoth in NFT gaming.

Snoop Dogg has recently announced a partnership with Gala to manufacture loot boxes to promote his new album, “B.O.D.R. (Bacc on Death Row).” Each loot box includes early access to one of B.O.D.R.’s 17 tracks. For each song, 1,470 NFTs will be produced.

Gala also announced a June Galaverse festival in Copenhagen on Tuesday. The previous Galaverse event, which took place in Las Vegas in December, was one of the first major concerts following COVID-19.

Source: https://metanews.com/gala-games-gala-surged-by-20-in-the-last-24-hours/

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