2 years ago
GALA, the eponymous token of blockchain-based gaming level Gala Games, surged 20% successful the past 24 hours, outpacing different large metaverse tokens arsenic good arsenic Meta’s stock.
The determination came aft Gala Games said it plans to deploy $5 cardinal wrong the adjacent twelvemonth to bolster its non-fungible token (NFT) offerings by buying intelligence spot rights and gathering a taxable park.
Reports accidental Gala volition walk $2 cardinal connected gaming, $1 cardinal connected movies, $1 cardinal connected music,and the remaining $1 cardinal to conception a taxable park.
Recently, rapper Snoop Dogg signed a promotional deal with Gala to make loot boxes to beforehand his caller album, "B.O.D.R. (Bacc connected Death Row)." Each loot container contains aboriginal entree to 1 of the 17 tracks from B.O.D.R. There volition beryllium 1,470 NFTs minted for each song. The NFTs bash not confer immoderate benignant of IP rights.
On Tuesday, Gala besides announced different Galaverse festival acceptable for June successful Copenhagen. The erstwhile Galaverse event, held successful December successful Las Vegas, was 1 of the archetypal large concerts to hap post-COVID-19.
Other large metaverse tokens specified arsenic MANA and SAND besides posted gains.
MANA is the token of decentralized virtual world level Decentraland, portion SAND is the token of Ethereum-based virtual gaming platform, The Sandbox. Metaverse refers to the immersive integer satellite created by the operation of virtual reality, augmented reality.
MANA was up 11% connected day, per CoinGecko, portion SAND posted gains of 7%. The Super Bowl crypto advertisement lineup was cited arsenic a crushed for the gains, according to chatter connected Discord channels.
UPDATE (Feb. 15, 12:33 UTC): Adds descriptor for Gala Games and nexus to metaverse explainer successful archetypal paragraph, adds descriptors for metaverse, MANA and SAND successful sixth bullet.
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