GALA, the eponymous token of blockchain-based gaming platform Gala Games, surged 20% in the last 24 hours, outpacing other major metaverse tokens as well as Meta’s stock.
- Reports say Gala will spend $2 billion on gaming, $1 billion on movies, $1 billion on music,and the remaining $1 billion to construct a theme park.
- Recently, rapper Snoop Dogg signed a promotional deal with Gala to create loot boxes to promote his new album, "B.O.D.R. (Bacc on Death Row)." Each loot box contains early access to one of the 17 tracks from B.O.D.R. There will be 1,470 NFTs minted for each song. The NFTs do not confer any sort of IP rights.
- Other major metaverse tokens such as MANA and SAND also posted gains.
- MANA is the token of decentralized virtual reality platform Decentraland, while SAND is the token of Ethereum-based virtual gaming platform, The Sandbox. Metaverse refers to the immersive digital world created by the combination of virtual reality, augmented reality.
UPDATE (Feb. 15, 12:33 UTC): Adds descriptor for Gala Games and link to metaverse explainer in first paragraph, adds descriptors for metaverse, MANA and SAND in sixth bullet.
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