There's reason to be optimistic about play-to-earn, NFTs, and the metaverse trends -- and even more so for crypto projects that support all three.
Key points
Gala Games (GALA) is a blockchain-based play-to-earn gaming ecosystem where players earn GALA tokens and can trade non-fungible tokens (NFTs).
Last year, GALA rocketed more than 10,000% -- right past higher-profile metaverse/gaming platforms such as Decentraland, Axie Infinity, and The Sandbox.
GALA is currently priced much lower than its peak.
It's widely believed that the metaverse will be a large part of the internet experience in the near future, especially when you consider that technology-tracking firm Gartner recently issued a report that projects that by 2026, 25% of people will spend at least one hour a day in the metaverse playing, learning, shopping, or working.
While there are many crypto projects that offer ways to participate in the metaverse, Gala Games (GALA) is worth a closer look, because it also offers users entry into NFTs and play-to-earn gaming.
Last year, its price flared up more than 10,000%, and as of this writing, GALA is at a steep 70% drop from its peak, providing an interesting potential entry point for a proven multi-purpose project.
Why 2022 could be a breakout year for Gala Games
Gala Games (GALA) is an online, blockchain-based, play-to-earn gaming ecosystem where players are paid GALA tokens for in-game accomplishments. Users can also trade non-fungible tokens (NFTs) -- or the GALA tokens they've earned -- through the game or at off-game exchanges.
Not only can gamers own valuable tokens and NFTs, the player community has a voice in the kinds of games they would like to see created on the network by Gala Games developers. Gala coders are heeding the call of their community with planned launches this year of a role-playing fantasy experience called Mirandus, a Minecraft-type game called SpiderTanks, and another 12-15 games in development.
That type of crowd-focused game construction, combined with various ways for users to earn digital assets, gives the Gala Games' playing environment high user retention. Gala Games has more than 1.3 million monthly active users, with more than 26,000 NFTs sold since its inception in 2019, with the most expensive NFT valued at $3 million, according to CoinMarketCap.
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Additionally, Gala...
Original Source of the original story >> Should You (or Anyone) Buy GALA? - The Motley Fool