Gala Games is in a really bad situation! Do you remember when we informed you about the founder’s nodes being in danger? It wasn’t long ago and it wasn't as serious as it is now. Unfortunately, the sad reality is that Gala Games and all people who have invested in it have a huge problem nowadays.
First of all, "I am not a financial advisor. This video was created for entertainment purposes only. The content of the video and the article is not financial advice."
Now, let's get straight to the point. The only working Gala Games application is Town Star. As you probably know it was play to earn game. Sadly, it is not any longer. The company decided to stop paying TOWN coins for players and even for Town Star nodes owners. This move can be really traumatic for the last ones. They all had to buy special licenses to run the nodes. Now, they earn nothing. Absolutely nothing... What's even worse in this situation is that Gala Games do not know how to handle this problem. It seems like Town Star game is done.
The situation I have just described to you may be even more serious. It can plummet the entire Gala Games project. Look at the big picture, the company whose main purpose is to produce and run play to earn games has no play to earn game at all. Their only game token is stopped. Players can't earn any coins, so they have no need to buy Town Star NFTs. Of course, there still are NFTs for other games. But in this case, the problem is those games do not exist. They may be released in the future. Even in a near future, because we have already seen the alpha versions of two of them. But we do not know when exactly the games will appear on the market. What we know for sure, is that fewer people will invest in NFTs. Unfortunately, this is not the end of the story. Buying NFTs is one of a few ways to utilize Gala tokens. There is no point in buying Town Start NFTs. Based on all of this we can easily conclude that there will be fewer buyers for GALA tokens. As a result, the price of it may drop even more!
The decision about canceling play to earn model may start a chain reaction which would collapse the entire Gala Games project. I hope it is not going to happen and the developer will find some solution for the issue mentioned before and P2E model will come back for good.