Las Vegas-based NFT gaming startup, Gala Games, has set aside a mind boggling $5 billion to fund its NFT expansion efforts to pave the way for a flurry of non-fungible activity throughout the coming year.
This timely announcement cements Gala’s position as a big player in the NFT sector, resulting in a formidable platform ready to take NFTs to the next level. Going forward, the team has revealed that it will use the funds to expand in four key areas. As such, Gala has reserved 40% for NFT gaming, with the rest split equally between music, movies and the Gala theme park.
Blockchain gaming studio Gala Games will allocate $5 billion to expand its NFT offerings, 2b is expected to go to gaming, 1b will be allocated for the studio’s music ambitions as well as 1b for movies. Gala theme park NFTs will pick up the remaining 1b. https://t.co/5EvlYJNWb4
— Wu Blockchain (@WuBlockchain) February 8, 2022
Gala Games’ President of Blockchain, Jason Brink, confirmed the figures, who later went on to explain how it will distribute the funds. However, the finer details will remain under wraps for the immediate future, while reserving exclusive information for the “Gala Gold Community”.
Despite this, the rumour mill has revealed an additional tasty morsel of information. If anonymous sources are to be believed, NFT enthusiast, Snoop Dogg will lead the NFT music charge, with notable parties indicating that he will release his next album via the platform.
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Source: https://nftplazas.com/gala-games-5-billion-nft-expansion/
