In a YouTube video, Lena Captain discusses the blockchain platform Gala Games and their plans to create their own blockchain. In 2022 alone, Gala Games spent $5 billion to expand movies, music, gaming, and NFTs. The platform’s long-term mindset and focus on their goal make them stand out from competitors. The development of their own blockchain would allow for lower fees, faster transactions, and interoperability. However, there are some risks involved, and the success of their blockchain development remains to be seen. Michael Anderson, the co-founder of Framework Ventures, predicts that crypto gaming will bring in 100 million people into web3. Lena suggests using Gala as an avenue to buy more Bitcoin in the future, as their potential gains are much higher than Bitcoin.
The Potential of Gala Games: Building a Web 3 Powerhouse
As the world of cryptocurrency continues to grow and evolve, one platform that stands out is Gala Games. In a recent YouTube video by Lena Captain, she discusses the potential of this platform and its plans to build its own blockchain. Let’s take a deeper look at her thoughts and the potential of Gala Games.
Gala’s Expansion and Long-Term Mindset
Lena Captain starts off by pointing out how Gala is spending billions to build a web 3 powerhouse, expanding movies, music, gaming, and NFTs. In fact, Gala spent 5 billion dollars in 2022 alone towards this expansion. In a crypto economy that is slowing down, Gala’s expansion is a true testament to how the platform is being run. Gala has a long-term mindset and remains focused on its goal despite small bumps and roadblocks along the way. While other platforms slow down, Gala is expanding and going against the tide.
Gala’s Own Blockchain: Gallo Chain
One of the main highlights of Lena Captain’s video is Gala’s plan to make its own blockchain. This would be tremendous and revolutionary not only for Gala games, but for the entire Gala ecosystem, including Gala film and Gala music. With their own blockchain, they plan to have faster transactions, lower network fees, lower minting costs, and interoperability throughout the gala world. Once they release their own blockchain, the plan is to migrate Gala games to Gallo Chain. This would allow for tailored fit requirements and needs needed for future growth and development. However, building their own blockchain comes with risks, and there is always a chance for network outages similar to other established blockchain networks.
Crypto Gaming Predictions and Gala’s Potential
Lena Captain mentions an article about Michael Anderson’s prediction that crypto gaming will bring 100 million people into web 3. She thinks this is a conservative guess and that billions could potentially migrate towards crypto gaming in the future. There are currently 3 billion gamers in the world, and the majority of them don’t know much about crypto gaming. Once crypto gaming starts to grow even bigger, stronger, and fix its tokonomics, the potential for growth is massive.
Gala Token: A Platform to Buy More Bitcoin
Lena Captain also shares a personal story about her friend who only wants to invest in Bitcoin and how she explained to him if he truly loved bitcoin, he should invest in Gala instead. She suggested using Gala as a platform to buy more Bitcoin in the future, given the room for gains is much bigger in Gala than Bitcoin.
In conclusion, Gala Games has massive potential, and the future looks bright for the platform. The plans to make their own blockchain, expand their ecosystem, and grow crypto gaming are exciting, and it will be interesting to see how it all unfolds. As always, investing in cryptocurrency has its risks, and it is important to do thorough research before making any investments. However, it is undeniable that Gala Games has made remarkable progress in the crypto world and remains a platform worth keeping an eye on.