Ahead of Virtual Lands Presale, GALA Value Rises by 14%
Gala games ecosystem has partnered with Kung Fu Factory to develop a strategic play-to-earn game where players can own virtual lands that can be monetized.
Gala Games Offer Virtual Lands for Sale
According to a press statement issued by the team, the virtual lands would be bought in its first collectible card game tagged Legends Reborn. The blockchain gaming ecosystem will have its venue presale today, Wednesday, 26 January 2022.
It was revealed that the venues would serve as hosting grounds for matches, and owners will be able to earn commission from the rewards generated from the matches on their lands.
As a play-to-earn game, owning the land isn’t enough. Owners have to properly maintain and upgrade it from time to time to increase their level of earnings. It should be noted that 50% of the available venues will be on sale in this round, making this the best time to buy.
There are six venue categories with prices ranging from $1,800 to $105,000 at base price. Prices will increase with each 10% supply sold.
GALA is the native token of the Gala ecosystem. The blockchain gaming platform was one of the best performing play-to-earn platforms last year. It was initially built on Ethereum blockchain, but it was transferred to the Binance Smart Chain, where it currently records over 1 million monthly users
Notably, it is not the first NFT gaming platform to offer virtual lands for sale. Decentraland is built around this idea and offers non-fungible LAND tokens for sale. The growing interest in the metaverse has helped these platforms become more popular and valuable.
GALA Price Spikes by 14% in 24 Hours
The value of the GALA token has risen significantly in the past 24 hours following the announcement of its first venue presale.
In the past 24 hours, the token has seen a 14% spike in price to $0.2. This is exceptional even within a market where most cryptocurrencies have finally seen an upswing in value after they massively crashed last week.
Its recent rise goes against the trend from the past few weeks. It had lost over 60% of its value in the last 30 days and about 24% over the previous seven days when it traded for as low as $0.157.