What is GalaChain? The Platform for Web3 Gaming and Entertainment

GalaChain, an advanced Layer 1 blockchain platform developed by Gala Games, is becoming a central player in the Web3 revolution in the entertainment and gaming industry. Designed with cutting-edge technology and a decentralized node network, GalaChain not only provides outstanding performance and security but also opens up limitless creative opportunities for developers and artists. This article explores the standout features of GalaChain and its impact on the future of Web3 in gaming and entertainment.

Discover GalaChain

GalaChain was born from the innovation of Gala Games, a company known for popular games such as Farmville 2 and Words with Friends. Founded by Eric Schiermeyer in 2018, Gala Games has expanded from mobile games into a comprehensive blockchain platform. GalaChain not only supports Gala's products but also has broad potential applications in other entertainment fields like music and film.

GalaChain is based on Hyperledger Fabric, a flexible blockchain technology with high customization capabilities. Developed by the Linux Foundation, Hyperledger Fabric provides a modular architecture allowing adjustment of components such as consensus services and membership management to meet the diverse needs of the ecosystem. This enables GalaChain to easily adapt to the requirements of the entertainment industry.

Related topic: What is Modular Blockchain?

The platform uses a consensus algorithm with orderer nodes to prevent ledger forks and ensure transaction accuracy, enhancing performance and scalability. Founder’s Nodes play a crucial role in maintaining the decentralized network and supporting complex tasks, ensuring the stability and scalability of the network.

GalaChain also offers a development toolkit (SDK) and support resources for creators to easily develop and apply blockchain in their projects. Thanks to the flexibility of its structure and decentralized node network, GalaChain not only meets current needs but also expands its capability to support numerous future applications.

Notable Features of GalaChain

Some standout features of GalaChain include:

• Environmentally Friendly: GalaChain is designed to minimize energy consumption compared to many other blockchain platforms while maintaining superior computational performance. This not only helps the platform operate efficiently but also contributes to global efforts to reduce energy consumption in technology.
• Developer-Focused: GalaChain places a strong emphasis on supporting developers. With resources and development tools, the platform simplifies the creation of smart contracts and tokens using TypeScript, a more user-friendly language than Solidity. The open-source SDK with custom chaincode templates and the Gala Creator Portal facilitate creators in realizing their ideas on the Gala platform.
• High Interoperability: GalaChain supports interoperability with other blockchains, expanding the scope of projects and allowing users to manage digital assets more flexibly. This connectivity supports integration and expansion of applications, driving the development of the GalaChain ecosystem.
• Advanced Security: GalaChain employs advanced security measures to protect user assets and information. Utilizing data encryption and hierarchical access control, the platform ensures the safety of transactions, fostering high trust in the management and trading of digital assets.

GalaChain Ecosystem

GalaChain is a comprehensive blockchain platform offering a rich ecosystem for gaming, music, film, and other applications.

• Gala Games: Gala Games is the cornerstone of GalaChain, with a rich portfolio of games, including notable titles such as Champions Arena, Legacy, and The Walking Dead: Empires. GalaChain supports the gamefi industry by optimizing performance, security, and reducing transaction costs.
• Gala Music: Gala Music utilizes GalaChain and IPFS technology for decentralized music distribution. Artists can convert songs into NFTs and sell directly, bypassing traditional producers. The Jukebox Nodes system rewards operators with MUSIC tokens while allowing artists to retain control and transparency in managing their work.
• Gala Film: Gala Film provides a decentralized platform for filmmakers to encode their works into NFTs. The Theater Nodes system helps store and stream film content, offering rewards and ownership of exclusive Moments – scenes that generate income when viewed.
• NFTs: Within the GalaChain ecosystem, NFT collections are diverse, ranging from Gala Games NFTs, music from Gala Music, to films from Gala Film. Users can mint and trade NFTs on GalaChain or through external marketplaces like NFTHarbor.io.
• DeFi: GalaSwap enables token swapping directly on GalaChain, supporting DeFi trading of GALA and other tokens. GalaSwap’s Token Creation tool helps developers create and manage custom tokens, expanding the platform's usability and development potential.

Native Token: GALA

GALA is the primary token of GalaChain, playing a crucial role in the entire blockchain ecosystem. Used for payments for products and services, GALA is the main medium for transactions in games, NFTs, music, and films on the platform. The token also serves as an incentive and reward for Founder’s Nodes, contributing to the effective operation and encouraging active community participation.

With a total supply capped at 50 billion tokens, GALA features a flexible issuance rate adjusted according to current circulation. To protect the token from security risks, GalaChain employs the Gnosis multisig safe system, and GALA is burned when used as fees, helping maintain its value. GALA supports the management and development of the GalaChain ecosystem while driving innovation and creativity in the Web3 entertainment and gaming industry.

 More about GALA Wallet

Challenges and Future of GalaChain

GalaChain is on a strong growth trajectory but faces significant challenges. Scalability is a primary issue as user numbers and transactions increase. To address this, GalaChain is working to enhance performance and meet rising demands, while reinforcing advanced security measures such as the Gnosis multisig safe to protect the system from cyber threats and security vulnerabilities.

Looking to the future, GalaChain plans significant expansions. In Q3 2024, the platform will launch the Node Workload Development SDK and Chaincode Template Bounty Program, assisting developers in creating custom nodes and encouraging innovation. New SDKs for Android, iOS, and Unreal Engine will improve mobile and game development capabilities. Starting in Q4 2024, GalaChain will build bridges with other blockchains, enhancing interoperability and integration. The deployment of Isochain on Founder’s Nodes will drive contributions and network maintenance, strengthening GalaChain’s position and opening global development opportunities.

GalaChain – The New Dominant Platform for Web3 Gaming

GalaChain is establishing itself as a leading platform in blockchain for Web3 entertainment and gaming, combining advanced technology and a robust node network. Despite challenges in scalability and security, GalaChain is making significant strides to solidify its position and drive global innovation in the entertainment and gaming industry. To optimize the management and protection of digital assets in this environment, Bitget Wallet provides a comprehensive solution for storing and trading tokens, including those from GalaChain. With its advanced features and superior security, Bitget Wallet is an effective tool in the blockchain world.

 Download Bitget Wallet