Immerse yourself in a world full of contradictions and opportunities! Gala Games, the largest Web3 media giant, recently announced the release date for the new business sim game “Legacy”. Developed by none other than award-winning designer Peter Molyneux, this game could be a game-changer. But at the same time, Gala finds itself in the eye of a legal storm that not only affects the Gala token, but also raises questions about corporate governance and trust. Is now the right time to get started or is there a risk of a fiasco?
Gala Games reveals launch date for business sim strategy game Legacy
Gala Games is on September 28th Launch date announced for the new Web3 game Legacythe to be published on October 26, 2023 becomes. Developed by the well-known and award-winning game designer Peter Molyneuxwhich is known for Theme Park, Dungeon Keeper and Black & White, among others, as well as his Studio 22cans.
So Legacy seems to be a promising venture. Strictly speaking, it is a Business simulation gamewhich boasts a variety of features, from community competitions to real ownership of virtual in-game land, which was sold during a presale in December 2021.
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The game focuses on ownership and creativity. As a landowner, you receive daily login rewards in the form of in-game gems. This allows you to take part in competitions for free. Landowners also receive Legacy Deed Keys according to the rarity of their plot. With these keys, the land-owning players can empower “partners” (F2P players) to win real rewards.
For crypto investors, this event could have interesting implications, particularly regarding the Gala Games platform and its associated tokens. Thus, the launch of Legacy could attract a wider audience and lead to increased user activity and therefore greater demand for the Gala token. This would then have a beneficial effect on the GALA course.
Internal legal battle at Gala Games
September 3rd brought shocking news for Gala Games. Eric Schiermeyer, the CEO of Gala Games, and Wright Thurston, co-founder and owner of 45% of the company through True North United Investments, are at the center of a legal imbroglio.
Schiermeyer accuses Thurston of stealing around 8.645 billion GALA tokens worth around $145 million and additional node licenses in 2021. Thurston, in turn, accuses Schiermeyer of making poor financial decisions and wasting company assets.
For crypto investors, this development might seem worrying at first glance. Legal disputes in the management team can be a problem for every company serious stress test represent and Raise questions about corporate governance and long-term stability. This not only increased the trust but also the course of it Gala Coin suffered.
Gala Games itself emphasizes that the The legal dispute is primarily a dispute between the founders and does not affect the project in any substantial way. Gala is confident that it will remain unaffected by the situation and continue to be successful.
Despite the positive rhetoric, it would be wise for crypto investors to monitor the situation closely. Legal disputes, even if they only affect the founders, could deter potential investors and thus put further pressure on the price of the Gala token. In addition, the revelations are shocking suspected theft and lack of financial controls further shadows cast on Gala Games, which is in an already sensitive phase.
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Gala Coin price prediction
GALA is currently with one Market cap of $379.20 million at number 80 of the largest cryptocurrencies. Of the total 50 billion Gala Coins have already been 49.24% issued, however investors still need to take inflation into account when making their investments. According to the Crypto data website Messari Gala Games has its Circulating supply increased by an impressive 253.49% within the last year.
Gala Games was closed One of the steepest rallies on the crypto market at the start of the year laid down. This is how the coin was able to reach its peak around 270% climb. Since then, however, Gala Coin’s price has fallen by around 75% liked italthough after the bear market also the legal dispute within Gala sales have intensified once again.
After GALA tested the lower trend channel of the descending triangle and then at the same time oversold in the RSI Bottom in the $0.1314 area The coin was able to record an increase again from September 29th. This went up to the Clusters of upper end of the descending triangle, horizontal resistance at $0.0156 and the Keltner channel.
The rally could continue to Gala’s pre-crisis level at $0.0183 as there are no signs of overboughtness yet according to the RSI. However The cluster must first be installed be overcome.
In the long term it could diversified Gala portfolio Games, Music and Movie as well as Social media make the project one of the leading providers in decentralized Web3. Definitely there is many well-known partnerships with film stars, directors, musicians, media companies and, above all, game developers, which should have a positive impact on the Gala Coin. In addition, the current prices could offer a particularly favorable entry level.
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Meme Kombat impressively combines AI, GambleFi, GameFi and Memecoins
The novel Meme Kombat project represents a special fusion some of the most sought-after sectors in the crypto market this year. So it represents a merger of the Growth market of crypto gambling with the groundbreaking play-to-earn games with AI as well as the memecoins that have become famous due to parabolic price increases also it combines the viral potential of the most popular memes, which caused a big stir in the crypto market this year. So the could Meme Kombat AI fighting game arena also attract their communities. The coin is also supported by a pioneering liquid staking program in which the Participants can stake their $MK tokens and use them for betting at the same time.
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The Silent Rise of the Giant Wall Street Meme ($WSM)
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Bitcoin’s novel decentralization solution starts pre-sales
The Bitcoin Minetrix project now wants to offer a novel decentralization solution for the largest cryptocurrency on the market. The innovative cloud mining providers would like to make mining possible for an even larger number of small investors. In this context, they should Previous vulnerabilities in crypto mining and cloud mining will be resolvedso there is one too made more easily, quickly and securely accessible to a wider range of investors shall be. The new cloud mining provider does it all Transactions transparent and automatic via the blockchain, so that costs can be saved and returns can be increased. The investors can at the start of staking at 1,691% annually as well as benefit from mining.
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About the author: Simon Feldhusen came into contact with the stock market for the first time 17 years ago and has been intensively involved in the topics of trading, cryptoassets, stocks, P2P, corporate financing, finance and entrepreneurship on a daily basis for more than 8 years. He has also been working as a copywriter and ghostwriter in the financial sector for several years. During this time he has acquired a diversified knowledge through various training courses on the financial markets and following daily news. Since then, not a day goes by without him dealing with the markets. He publishes, among others, for Finanz.net, ETF-Nachrichten.de, Coincierge.de and P2E News.com.