Gala Games (GALA) continues to be a phenomenon in the market as the platform is looking to increase its presence in the field NFT and will allocate billions of dollars to this effort over the next year.
On February 7, multiple sources reported that Gala Games is planning to allocate $5 billion to expand its NFT services. Not long after that, the president blockchain Gala Games' Mr. Jason Brink confirmed the news with the revelation that the platform will start pouring capital into NFT in the areas of music ($1 billion), movies ($1 billion), amusement parks. GALA entertainment ($1 billion) and games ($2 billion).
When asked more deeply about the development, Brink declined to comment further on the details and future plans of GALA. He briefly shared the following:
“We certainly look forward to helping the community even more in the future. The project needs some savings to achieve this goal.”
Besides, Jason Brink is also opening an interesting prediction from the community about the partnership with the famous male rapper Snoop Dogg, who is no stranger to the market. cryptocurrency with unique NFT works combined and released with many different platforms, most notably The Sandbox (SAND). Snoop Dogg is also a notorious "NFT whale", owning a series of popular NFT collections worth tens of millions of dollars.
Back to the main topic, it can be said that the above move is an extremely breakthrough transformation from Gala Games. The reason why, GALA has just been launched and is widely known in September 2021 after showing impressive growth up to 270%, constantly "searching" for ATH when it was just listed on the exchange. Binance.
Due to the expansion of the GALA ecosystem and the addition of ways to earn profits through games or various other methods such as running a project node, the data has recorded a steady increase in the number of platform users. time, especially from December 2021.
What's more surprising is that just about a month ago, GALA just set up a $100 million fund to invest in blockchain games, add your name to the long list of game development funds and metaverse published in the past few months, including KuCoin ($100 million), Chromia/My Neighbor Alice/Mines of Dalarnia ($80 million), Hashed ($200 million), Animoca Brands/Binance Smart Chain ($200 million), Solana Ventures (2 funds totaling $250 million), FTX Ventures ($2 billion), The Sandbox ($50 million) and GameStop ($100 million).
More generally, GALA's upcoming $5 billion ecosystem stimulus package could beat the "efforts" of the market leaders through 2021.
Currently only the funds of Hedera Hashgraph (HBAR) is the largest with 10.7 billion HBAR, or $2.675 billion at press time. The rest is Avalanche ($180 million), Celo (100 million dollars), Fantom (370 million won) FTM), Harmony (300 million dollars), Algorand (150 million yen) ALGO), Oasis Network ($160 million), Kava ($185 million), Cardano (100 million dollars), Binance Smart Chain (1 million dollar), Polkadot ($774 million) and Elrond ($1.29 billion).
However, thanks to all the above motivations, GALA has become one of the few projects that can maintain a stable uptrend before the adjustment of the Government. Bitcoin. Since the beginning of February 2022 when it hit a bottom of $0.17, GALA quickly recovered to 117% to hit this week's high at $0.39. Currently, GALA is trading around $0.37.