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What is Gala Games (GALA) All About?

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Gala Games is a platform that creates a variety of blockchain-powered games, each of which gives players actual ownership of their in-game objects via the use of non-fungible tokens (NFTs).

The platform, which debuted in 2020, was one of the first to reward players in the form of GALA tokens for playing their selection of games.

Gala Games, which describes itself as a platform that creates “blockchain games you’ll actually want to play,” prioritizes game quality over releasing MVP-type games that are common in the play-to-earn space. The platform is an ecosystem of player-owned and controlled games, each offering a unique way to engage the audience.

The platform was created by a team of 60 people and now has over 1.3 million active users all around the world. Eric Schiermeyer, Gala Games’ CEO, is also a co-founder of Zynga, a hugely popular social game developer.

The Way Gala Games (GALA) Work

Gala Games is comparable to the Steam store or GOG in that it offers a broad choice of games for people to choose from and play. Unlike the other stores, however, all games are completely free to play and can be accessible over the blockchain via a decentralized application (DApp).

Gala Games is currently working on 5 different games, including:

  • Mirandus

Mirandus is an epic fantasy role-playing game in which players battle monsters in a variety of places while also developing their land to make money.

  • Spider Tank

Spider Tank is a multiplayer online battle arena (MOBA) game in which players battle it out with their spider tanks and various armaments on a number of maps.

  • Town Star

Town Star is a town-building and development game in which players compete for NFTs from all around the world.

  • Fortified

Fortified is a PvP tower defense game in which players use a range of player-owned assets to put their strategies to the test.

  • Echoes of Empire

Echoes of Empire is a massive sci-fi strategy game in which players compete for rare resources distributed across the entire universe

A fully functional NFT store, which supports all player-owned in-game assets, is also available. Due to its integration with CoinPayments, these things are split into six rarity classes: Common, Uncommon, Rare, Epic, Legendary, and Ancient, and can be bought or sold in numerous cryptocurrencies.

What Sets Gala Games Apart From the Competition?

In the cryptocurrency sector, play-to-earn and blockchain-powered games with player-owned assets are nothing new. Gala Games, on the other hand, has a few tricks to turn the tables that could help it carve out a spot in this increasingly competitive market.

Here are some of its most notable unique aspects:

  • Based on the Binance Smart Chain

Gala Games, which was founded on the Ethereum blockchain, has used the p.Network Bridge DApp to connect the GALA token to the Binance Smart Chain as a BEP-20 asset. When using or spending GALA tokens, this helps players to drastically reduce transaction fees.

  • A Variety of Games

Games on the Gala network provide blockchain-powered gaming experiences, with over a half-dozen games now in development. RPG games, space exploration games, tower defense games, and other types of games are included.

  • Built-in Store

Gala Games’ built-in marketplace makes it simple for users to buy and sell in-game stuff. This makes it simple for users to get cash for their game spoils or buy new items/characters to increase their gaming experience and performance.

  • Powered by Community

The Gala Games network is powered by nodes that are owned by the community. Similarly, the development team and operations staff are continually interacting with the community to identify which games and features are the most popular.

This ensures that resources are spent on creating materials that are specifically customized to the community and delivering the games and experiences that people want.

  • Huge Community

Unlike most play-to-earn games, which have tens to hundreds of thousands of users, Gala Games has over 1.3 million active users. As a result, games developed on the platform are anticipated to become among the most popular peer-to-peer (P2P) games in the blockchain realm straight away.

What Exactly Is GALA?

The platform has its own native utility token, simply referred to as GALA. This is the Gala Games ecosystem’s primary digital asset for purchasing products, making peer-to-peer payments, rewarding nodes, and more.

Running a Gala Node is another way for users to contribute to the Gala Games ecosystem. Users must first purchase a license, following which they will be able to run the node software from their home computer and earn GALA tokens as well as maybe rare NFTs. This license now costs $13,000 in Ethereum (ETH), GALA, or Basic Attention Token (BAT).

The maximum number of nodes that can participate in this procedure is 50,000.

 

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1 Comment

1 Comment

  1. nft game development

    December 12, 2022 at 12:27 pm

    Ridiculous quest there. What occurred after?
    Good luck!

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What is Baby AGI: A Comprehensive Guide For Beginners

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Artificial Intelligence (AI), an omnipresent force subtly weaving through the fabric of modern life, has ushered in a new era of innovation and automation. From virtual assistants like Siri and Alexa to the sophisticated recommendation engines driving platforms like Netflix and Amazon, AI’s impact is unmistakable. A groundbreaking stride in AI’s evolution is the emergence of Baby Artificial General Intelligence (AGI), an advancement poised to reshape our existence by automating a diverse spectrum of tasks. This article delves into the essence of Baby AGI, its mechanics, and the boundless vistas it opens for application.

Introducing Baby AGI: Pioneering Autonomy and Efficiency

Laying the foundation for an era of self-sustaining AI, Baby AGI is a groundbreaking autonomous agent meticulously crafted using the Python programming language in tandem with the OpenAI and Pinecone APIs. This innovative entity possesses the prowess to independently initiate and execute tasks, effectively revolutionizing workflow dynamics. Much akin to its human counterparts, Baby AGI demonstrates the capacity to learn, comprehend, and execute tasks spanning a myriad of domains, distinguishing itself from the narrower confines of specialized AI.

Exploring Baby AGI’s Boundless Potential

While the infancy of Baby AGI’s journey is undeniable, the scope of its applications is nothing short of prodigious. From crafting literary marvels to orchestrating intricate travel plans, Baby AGI promises the ability to undertake tasks demanding a human-like grasp of context and nuance. Crucially, it is imperative to grasp that Baby AGI doesn’t supersede human intellect; rather, it serves as an invaluable tool for task automation, driving productivity gains across domains.

Embarking on the Journey: Navigating the Prerequisites

Utilizing Baby AGI mandates a trifecta of essentials:

  1. Adequate Hardware: While specific hardware prerequisites remain nebulous, a computer boasting a minimum of 4GB RAM is advised to ensure seamless operations. Optimal hardware guarantees expedient task execution.
  2. API Key Activation: Empowering Baby AGI necessitates procuring API keys from OpenAI and Pinecone. This entails simple steps for key generation.
    • OpenAI API Key Generation:
      • Access platform.openai.com, then log in or establish an account.
      • Click the profile icon, selecting “View API Keys.”
      • Create a new secret key with a designated name.
    • Pinecone API Key Generation:
      • Visit pinecone.io and access your account or create a new one.
      • Navigate to “API Keys” on the left-hand side, then proceed to generate a new API key.
  3. Stable Connectivity: Unlike offline AI tools, Baby AGI thrives on an unwavering internet connection, underscoring the need for dependable connectivity.

A Comprehensive Guide to Harnessing Baby AGI’s Potential

The journey commences by embracing the steps outlined below:

Step 1: Python Installation

Begin by installing Python, an essential programming language requisite for executing Baby AGI. Visit python.org, acquire the latest version of Python, and follow platform-specific installation guidelines.

Step 2: Acquiring Baby AGI Files

Through your terminal (Mac/Linux) or Command Prompt (Windows), input “git clone https://github.com/yoheinakajima/babyagi.git” and press Enter. This directive triggers the download of imperative Baby AGI components from the designated GitHub repository.

Step 3: Package Installation

Within the downloaded directory, execute “pip install -r requirements.txt” in the terminal or Command Prompt. This single command orchestrates the installation of essential packages, forming the bedrock of Baby AGI’s operational architecture.

Step 4: Configuration Precision

Upon successful package installation, locate and rename the “.env.example” file to “.env”. This configuration file is instrumental in establishing the operational context for Baby AGI.

Step 5: Enabling API Integration

Edit the renamed “.env” file using a text editor to input your OpenAI and Pinecone API keys. These keys imbue Baby AGI with the prowess to interact with external services, accentuating its capabilities.

Step 6: Igniting Baby AGI

Within your terminal or Command Prompt, input “python babyagi.py” and hit Enter. This catalyst sets Baby AGI in motion, ushering in its active presence and potential for interaction.

Step 7: Catalyzing Interaction

Elevate Baby AGI’s prowess by offering input that encapsulates your AI agent’s designation, the focal domain, and the inaugural task you seek to delegate. This framework defines its mission, enabling adept execution guided by your specifications.

A Glimpse of Baby AGI in Action

Illustrating Baby AGI’s potential, envision a scenario where it functions as a cyber insurance underwriter, identifying vulnerabilities primed for cyber insurance claims. Tasked with grasping cyber insurance nuances and dissecting potential linked.com issues, Baby AGI exemplifies task automation at its zenith.

Navigating Current Usage and Future Trajectories

Though yet to infiltrate commercial applications, Baby AGI captivates researchers and pioneers. Yohei Nakajima’s Baby AGI project harnesses machine learning and reinforcement learning, mirroring human growth patterns. Foreseeing the dawn of advanced educational tools and more sophisticated chatbots, the path forward entails overcoming challenges of safety and ethics.

Concluding Remark

Baby AGI crystallizes the zenith of AI evolution, steering us towards the realization of AI agents mirroring human cognition. Pioneering the realm of task automation, this nascent marvel harbors potent potential. Though in its infancy, Baby AGI pledges to empower and reshape the landscape of productivity.

(Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of Forbes.)

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What is Wrapped?

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red and white gift box with ribbon bow

Wrapped is a term used in the cryptocurrency industry to refer to a digital asset that represents another asset or currency on a different blockchain. This allows users to trade or use assets on one blockchain, while still retaining the value of the asset on its original blockchain.

For example, the Wrapped Bitcoin (WBTC) is an ERC-20 token that represents Bitcoin (BTC) on the Ethereum blockchain. When a user wraps their BTC into WBTC, they receive an equivalent amount of WBTC on the Ethereum blockchain. This allows them to use BTC in Ethereum-based decentralized applications (dapps) or trade BTC on Ethereum-based decentralized exchanges (DEXs) without needing to transfer the actual BTC to the Ethereum blockchain.

The process of wrapping an asset involves locking the original asset on its blockchain and minting an equivalent amount of the wrapped asset on another blockchain. The wrapped asset is then pegged to the original asset’s value, usually through the use of a smart contract. When a user wants to redeem their wrapped asset for the original asset, the wrapped asset is burned, and the original asset is released back to the user.

Wrapped assets are useful because they allow for interoperability between different blockchains and can increase liquidity and trading volumes for certain assets. They can also enable new use cases for assets that were previously restricted to a specific blockchain.

In addition to WBTC, there are many other wrapped assets, including Wrapped Ether (WETH), Wrapped Litecoin (WLTC), and many others.

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What is Wash Trading?

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Free person in washing machine

Wash trading is a practice that involves buying and selling a cryptocurrency asset for the purpose of creating the impression of greater market activity and trading volume than actually exists. It involves a trader simultaneously buying and selling the same asset to manipulate the price and create a false sense of demand and liquidity.

In the context of cryptocurrencies, wash trading is a fraudulent activity that can deceive investors and traders into thinking that a particular asset is more popular and valuable than it really is. This can lead to an artificial price increase, which can be exploited by the traders involved in the wash trading scheme.

Wash trading is typically used by unscrupulous traders and market manipulators who want to artificially inflate trading volumes or prices to attract other investors or traders to buy the asset. It is also sometimes used to manipulate prices to trigger stop-loss orders or liquidations, which can cause panic selling and create opportunities for the wash traders to profit.

Wash trading is illegal in traditional financial markets, and many jurisdictions have laws against it. In the crypto industry, some exchanges and regulators have taken steps to crack down on wash trading, including implementing monitoring tools to detect and prevent it.

Investors and traders should be cautious of assets with unusually high trading volumes, as they may be subject to wash trading. It’s important to do your own research and use reliable sources of information before investing in any cryptocurrency.

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Disclaimer: ATHCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.

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