Web3 and blockchain gaming firm Gala Games partnered with Animoca Brands to boost its native token. The companies joined forces to develop the altcoin and enhance users’ experience. Nonetheless, GALA has faced a 6.7% price decline following the news. Gala Games To Boost User Experience On Wednesday, Gala Games announced its partnership with Hong Kong-based…
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Blockchain gaming platform Gala Games has retrieved approximately $22 million worth of Ether (ETH) from the individual responsible for a recent “security incident.” The incident occurred on May 20 when the attacker minted Gala (GALA) tokens worth $200 million and sold a small portion of them before the wallet was frozen. On Tuesday, the attacker’s…
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Gala Games, a prominent blockchain gaming platform, experienced a significant security breach that resulted in the unauthorized sale of 600 million GALA tokens, valued at $23 million. CEO Eric Schiermeyer confirmed that the incident was attributed to inadequate internal controls. The exploit occurred on May 20 at 7:32 pm UTC when a hacker accessed a Gala…
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Gala Games is a blockchain-based gaming platform enabling players to create, own, and trade in-game assets using cryptocurrencies. 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…
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Gala Games CEO Eric Schiermeyer has filed a lawsuit against the company’s co-founder, Wright Thurston, alleging the theft of 8.6 billion GALA tokens worth $130 million in early 2021. In addition to alleging theft, the lawsuit claims that Thurston has a history of founding companies that end up insolvent, bankrupt, or in litigation. Schiermeyer’s lawsuit…
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Gala co-founder Eric Schiermeyer allegedly enriched himself, says his founding peer Wright Thurston, while Schiermeyer says Thurston stole millions. 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.…
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Gala Games, a blockchain-based gaming platform that rewards users with in-game and non-fungible tokens (NFTs), has released its plans for 2023. Gala Games’ Strategy Per a report shared on January 29, the objective of the platform this year is to continue supporting the broader gaming ecosystem, move to mobile, and carve out market share while…
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PRESS RELEASE. The blockchain game, built by GAMEDIA and published by Web3 industry leader Gala Games, is currently operating its final round of playtests before making preparations for the full October 31st launch. Spider Tanks is one of the first games powered by Web3 (blockchain) tech from Gala Games, with official release scheduled for Halloween…
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PRESS RELEASE. Jackson, Wyoming (August 29, 2022) – Gala Games, the leading pioneer in web3 entertainment and blockchain gaming, today announced that Spider Tanks, the first Web3 PvP esports brawler, will launch on October 31, 2022 as the debut game on Project GYRI, Gala Games’ proprietary games-first blockchain. In anticipation of the launch, starting today…
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