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Gala Games

All articles tagged with #gala games

gaming2 years ago

Peter Molyneux's NFT-focused blockchain game Legacy set for October release

Peter Molyneux's blockchain game, Legacy, is set to release next month, coinciding with the decline of NFTs' value. Legacy, developed by 22cans, gained attention in 2021 when it sold "Land NFTs" for over £40 million. The game, built on Ethereum-based LegacyCoin, will be available on PC and Mac. Gala Games, the game's publisher, promises a creative and innovative experience, with opportunities to buy and sell digital items on the GalaChain blockchain. However, a recent report revealed that 95% of over 73,000 blockchain-based collections are now worthless, highlighting the speculative nature of the NFT market.

cryptocurrency2 years ago

Gala Games Co-Founders Clash in $130M Token Heist Lawsuit

Gala Games, a blockchain gaming project, is facing internal turmoil as CEO Eric Schiermeyer and co-founder Wright Thurston engage in a legal dispute. Schiermeyer alleges that Thurston unlawfully acquired and traded $130 million worth of GALA tokens, while Thurston counterclaims that Schiermeyer mismanaged the company's assets. The lawsuits have caused the value of the GALA token to drop by 8%. GALA holders are concerned as the token has struggled for over a year and is down 97.9% from its peak.