Cryptocurrency Analysis and News Portal
Peter Molyneux’s new play-to-earn blockchain game Legacy wants to reinvent the gaming experience with non-fungible tokens. Legacy, a web3 business simulator and city management game from Peter Molyneux, best known for the Fable series, is now live on Gala Games for PC and Mac. The video game developed by the 22Cans studio
Read More
Echoing the momentum of GameFi (gaming and finance) and the great success of Axie Infinity, Gala Games was launched in 2019 to pursue technology development and innovation in play-to-earn (P2E) blockchain gaming. The global market size of blockchain gaming exceeded $4.6 billion in 2022 and is expected to reach around
Read More
In the lawsuit, Schiermeyer accused co-founder Thurston of moving GALA tokens from wallet under Gala Games’ control to 43 different wallets. Co-founders of blockchain gaming platform Gala Games have engaged in a legal battle over two separate lawsuits filed in the court. One of the co-founders alleged the theft of
Read More
The co-founders of blockchain gaming platform Gala Games have locked horns in court over two separate lawsuits, one alleging the theft of $130 million worth of Gala (GALA) and the other alleging corporate waste.On Aug. 31 Gala co-founders Wright Thurston and Eric Schiermeyer, also the firm’s CEO, filed lawsuits against
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied True North United Investments filed a lawsuit against Web3-based play-2-earn gaming platform Gala Games CEO Eric Schiermeyer, alleging corporate mismanagement, improper use of funds, and questionable business practices. Gala Games play-to-earn gaming platform faces legal battle Schiermeyer co-founded
Read More
GALA, the native token of Gala Games, is under immense selling pressure as of early September 2023. Trackers show that the token
Read More
Gala Games is one of the largest gaming-focused crypto projects, with a market capitalization of $360 million. Users can play different types of games built on the platform, and the tokens are used as the primary medium of exchange between ecosystem users. Source
Read More
The announcement comes five months after a bad actor minted $1 billion worth of pGALA, a wrapped version of GALA that trades on BNB Chain, and offloaded the tokens on decentralized exchanges including PancakeSwap, plunging the price of the GALA 94%. PNetwork, Gala Games’ cross-chain interoperability bridge, said at the
Read More
Huobi Global, a cryptocurrency exchange, has declared a strategic partnership with Gala Games, a blockchain-based play-to-earn gaming platform. In an official blog post on March 31, Huobi announced a partnership with Gala Games for the development of the Web3 ecosystem. The two companies will collaborate to invest in and list projects
Read More
On Mar. 20, GameFi project Gala Games announced it had recently filed a lawsuit against pNetwork, the cross-chain interoperability bridge used by Gala on the BNB Smart Chain. Last November, Gala Games was exploited after an unauthorized wallet address minted over $2 billion in GALA and dumped the tokens on
Read More