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GALA Token Soars 187% after it announced collaboration with The Rock

Gala, the native currency of the Gala Games ecosystem, which is a blockchain gaming platform founded by Zynga co-founder Eric Shirmeyer, is doing better than the market as a whole.

Data from TradingView shows that since the GALA price hit a low of $0.0177 on Friday, it has risen 186.75% to a daily high of $0.051 on Monday. This is based on the 24-hour trading volume. At the moment, GALA is trading at 0.043, which is a 149% rise on the weekly chart.

GALA Token Soars 187% after it announced collaboration with The Rock
GALA/USDT 1day chart (TradingView)

A quick look at the platform’s Twitter feed shows that the buzz is caused by the news that the protocol is collaborating with American actors Dwayne “The Rock” Johnson and Mark Wahlberg to produce some movies.

GoGalaFilms, which is the platform’s film section and also has a music section called GoGalaMusic, is producing the new movies. After it was announced that GALA would be used as a token for both GoGalaFilms and GoGalaMusic, it became more popular.

“This is all to say that Gala Film is going to use $GALA as its gas token because Gala Film will be on our blockchain!” An announcement from Gala Reed.” Millions of fans of The Rock, Mark Wahlberg, Ghost of Ruin, David Bianchi’s Rzr and more will all be collecting digital goods. These things need gas, which costs $GALA.

The president of Gala Games, Jason Brink, also wants to add mobile gaming to its gaming branch. That will make it possible for more people to become part of the Gala ecosystem.

This GALA announcement comes at a time when blockchain gaming is still growing, even though other parts of the market are staying the same.

DappRadar, a leading aggregator of decentralized applications (dApps), says that blockchain games made up 49% of all dApp activity in 2022, with 1.15 million daily unique active wallets (dUAW) and 7.4 billion transactions.

DappRadar data shows that the number of dUAWs is expected to grow by 85% from 622,620 in 2021 to 1,152,255 in 2022. This shows how fast the sector is growing.

Industry by UAW category (DapRadar)
Industry by UAW category (DapRadar)

“Overall, the future of blockchain gaming looks bright, with the market maturing and moving towards more engaging and fun content,” DappRadar added. “While there are still many challenges to overcome, such as scalability and economic design, the industry is well positioned for future growth and mass adoption.”

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About MahKa

GALA Token Soars 187% after it announced collaboration with The RockMahKa loves exploring the decentralized world. She writes about NFTs, the metaverse, Web3 and similar topics.

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