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Bitcoin News Today

February 16, 2026
AI Summary
Gala Games Expands Node Ecosystem and Web3 Entertainment Library

Gala Games Expands Node Ecosystem and Web3 Entertainment Library

Gala (GALA) continues to build out its decentralized entertainment ecosystem, encompassing games, music, and film. As of February 16, 2026, the Gala network is supported by a robust system of founder nodes and game-specific nodes, which decentralize the hosting and operation of the platform. The release of several AAA-quality titles on the Gala chain has validated the play-and-own model, attracting traditional gamers who were previously skeptical of blockchain integration. The GALA token serves as the primary medium of exchange within this digital economy. The project has aggressively burned tokens in the past to offset dilution and has revamped its tokenomics to better reward active players and node operators. Market sentiment around GALA is tied closely to the release schedules of its flagship games. Currently, the token is seeing increased volume as anticipation builds for a new mobile RPG launch. Technicals suggest high volatility, typical of the gaming sector, but the fundamental growth in active player numbers provides a constructive backdrop for the asset.
Notice: For information only. Not financial advice. Do not rely on this for trading.

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1. Issuer Information
  • The founder is Eric Schiermeyer, who established Gala Games in 2019.
  • The company is dedicated to empowering players with true digital asset ownership through decentralized technology.
2. Issuance Plan Description
  • The Gala Chain development is divided into four stages.
  • The plan includes transitioning from the Raft consensus mechanism to a Byzantine Fault Tolerance (BFT) algorithm, global decentralized network components, integrating Gala Founder Nodes, and introducing Gala Chain Improvement Proposals (GIPs).
  • The GALA token is used to participate in all stages.
3. Issuance Quantity, Price, and Other Subscription Conditions
  • The whitepaper does not disclose relevant information.
  • Supplementary data shows the maximum supply is 50 billion GALA, with a total issuance of 43.48 billion coins and a circulating supply reaching 87%.
  • GALA was not sold through a public offering; the initial price was market-determined.
  • There are no subscription conditions; tokens can be obtained from exchanges or through node staking.
4. Public Offering and Listing Information
  • The whitepaper does not disclose relevant information.
  • Supplementary data shows Gala conducted its TGE (Token Generation Event) on September 16, 2020, with no ICO presale.
  • The project completed private fundraising rounds in 2021 and 2023.
5. Relevant Project Information
  • Gala Chain's development plans include:
    • Transitioning to BFT consensus to enhance security and fault tolerance.
    • Distributing global network components to reduce latency and improve data availability.
    • Utilizing over 40,000 Gala Founder Nodes as validators, enhancing network stability.
    • Supporting developers in building decentralized applications (dApps) through tools like the GalaChain SDK and GalaSwap.
  • The plan aims to expand from an entertainment ecosystem to finance, healthcare, and supply chain, providing a secure, scalable blockchain platform.
6. Rights and Obligations
  • Users and developers in the Gala Chain ecosystem have decentralized governance rights, such as participating in voting on Gala Chain Improvement Proposals (GIPs) by holding GALA.
  • Node operators (e.g., Founder Nodes or Jukebox Nodes) are obligated to provide computing resources to support network operation, and receive token rewards (GALA or MUSIC) as a result.
  • The whitepaper emphasizes community-driven development but does not detail legal rights and obligations.
7. Technology Used
  • Gala Chain is built on Hyperledger Fabric, offering high performance and scalability.
  • It plans to transition in phases from the Raft consensus to a Byzantine Fault Tolerance (BFT) mechanism to reduce single points of failure and enhance security.
  • Gala Chain supports interoperability with the Ethereum Virtual Machine (EVM), allowing for cross-chain bridging of assets.
  • It provides a public SDK for developers.
  • The network is supported by globally distributed Founder Nodes, ensuring decentralized operation.
8. Risk Disclosure
  • The whitepaper focuses on security protection for nodes to prevent asset attacks and transfers, achieved through:
    • Security analysis: Rigorous testing to confirm BFT implementation maintains optimal security procedures against various attacks.
    • Formal verification: Using mathematical methods to confirm the correctness and security of the BFT protocol.
    • Penetration testing: Extensive penetration testing to identify and mitigate potential vulnerabilities.
    • Security hardening: Enhancing the security of Founder's Nodes to defend against potential threats and attacks, including secure boot mechanisms, regular firmware updates, and intrusion detection systems.
    • Collateral mechanism: Implementing a collateral or "deposit" system as a requirement for Founder's Nodes to run critical chain processes, ensuring node operator commitment and reducing the risk of malicious behavior.
  • Notes from the review (excluding pass/fail):
    • The project is a smaller market cap project with high price volatility.
    • News on August 31, 2023, indicated that two founders of GALA Games sued each other over the transfer of project funds.
    • The US SEC also sued co-founder Write Thurston for alleged fraud (GREEN token).
    • News on May 21, 2024, stated Gala Games was hacked twice; founder @Benefactor0101 claimed Gala Games protected and removed unauthorized access to the GALA contract within 45 minutes of the incident, emphasizing that the GALA contract is secure and protected by a multisig wallet.
9. Consensus Mechanism
  • Gala Chain initially adopted the Raft consensus mechanism (centralized tendency).
  • The plan is to gradually transition to the Byzantine Fault Tolerance (BFT) algorithm.
  • BFT tolerates a certain proportion of malicious nodes (usually 1/3) and aims to enhance decentralization, fault tolerance, and security, and reduce the risk of single points of failure.
  • This transition is a core strategy of the whitepaper and complements the integration of Founder Nodes.
10. Other Relevant Information
  • Other relevant information includes:
    • Gala expects to expand the token to a wider ecosystem, including Gala Music and Gala Film.
    • The company plans to open the GalaChain gateway to external developers in 2024.
    • The goal is to expand Gala from just a chain to an entertainment application ecosystem.
  • Notes from the review (excluding pass/fail):
    • The project is a smaller market cap project, and price volatility is relatively high.

Bitcoin Disclosure