In a giant bid to increase the NFT ecosystem, Blockchain gaming studio Gala Video games (GALA) on Monday confirmed that it’ll make investments $5 Billion inside the subsequent yr. As per reviews, the gaming studio will start investing capital in films, music, and theme park NFTs. Nevertheless, Gala Video games’ President of Blockchain Jason Brink confirmed the numbers later.
Gala Video games to speculate $5 Billion
It’s anticipated that out of $5 billion, $2 billion will go into gaming, $1 billion can be allotted for the studio’s music ambitions in addition to $1 billion will go for films. In the meantime, Gala theme park NFTs will bag the remaining $1 billion.
Blockchain gaming studio Gala Video games will allocate $5 billion to increase its NFT choices, 2b is anticipated to go to gaming, 1b can be allotted for the studio’s music ambitions in addition to 1b for films. Gala theme park NFTs will choose up the remaining 1b. https://t.co/5EvlYJNWb4
— Wu Blockchain (@WuBlockchain) February 8, 2022
This large transfer comes after market worth for NFT hit a staggering $41 billion by the tip of 2021. Asking in regards to the latest developments, Jason Brink in a press release stated that
“These had been a number of the numbers shared with the Gala Gold group and we actually stay up for serving to that unfold with the group sooner or later.”
Nevertheless, he denied commenting additional on particulars and future plans and stated that his studio wanted to save lots of “some stuff for the Gala Gold group.” As per reviews, it’s anticipated that Snoop Dogg might launch an “NFT album” on their platforms simply shortly earlier than it may be streamed elsewhere.
GALA Value up by 65% in final 7 days
Gala Video games has grown immensely since its launch in 2019. It has offered over 26,000 NFTs with the most costly piece valued at $3 million. As reported by CoinGape Markets, the GALA value has virtually doubled in final 3-4 days and has damaged some important resistances.
GALA has gained greater than 65% within the final 7 days. In the meantime, GALA is buying and selling at $0.34 down by 7.5% within the final 24 hours. It managed to interrupt into the highest 50 cash with a market cap of $2,373,869,279.