• GALA crypto price has surged by over 250% from its lowest point in December.
• The surge is attributed to the announcement of a deal with The Rock to produce two films, the incorporation of mobile gaming in the Gala ecosystem, and the introduction of a new pay by burn approach.
• The pay by burn approach sees all purchases made in Gala’s ecosystem using the GALA token get burned and added to an emissions pool to be re-distributed.
GALA crypto has seen a massive surge in its price recently, with the token rising by more than 250% from its lowest point in December. The surge is attributed to several developments in the Gala network, including the announcement of a partnership with The Rock to produce two films, the incorporation of mobile gaming in the Gala ecosystem, and the introduction of a new pay by burn approach.
The announcement of the partnership with The Rock was met with enthusiasm by crypto enthusiasts, as The Rock is one of the most recognizable actors in the industry, having starred in some of the top-selling movies. However, the tweet making the announcement has since been deleted.
The incorporation of mobile gaming into the Gala ecosystem is also seen as a positive development, as it will help to expand the reach of the platform. There are more than five billion smartphone users around the world, so the addition of mobile gaming will provide a large market for developers to create and distribute their games.
The most recent development driving the surge in the GALA price is the introduction of a new pay by burn approach. Under this approach, all purchases made in the Gala ecosystem using the GALA token will be burned, with the GALA being added to an emissions pool to be re-distributed. This is seen as a positive step by the developers, as it will help to reduce the circulating supply of the token and increase its value in the long-term.
Overall, the combination of the partnership with The Rock, the incorporation of mobile gaming, and the introduction of the pay by burn approach have all contributed to the surge in the GALA price. As the developers continue to roll out new features and updates, the value of GALA is expected to continue to rise in the coming months.