Gala Games Announces GALA to Power Town Star in New Ecosystem Update

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• Gala Games has announced that GALA will replace TOWN in the flagship farming game Town Star in the latest ecosystem update.
• Eric ‘Benefactor’ Schiermeyer, Co-Founder and Chief Executive Officer of Gala Games, has shared on the official Discord channel that Gala Games will replace all TOWN with GALA, swapping at a two-to-one ratio.

The decision is part of Gala Games’ strategy to improve Town Star and make it more aligned with the Gala Games ecosystem. Benefactor has revealed that they have been testing different types of tokenomics for over a year. The CEO believes this is the best decision, especially considering that Mark Skaggs, ex-lead developer for Farmville, is taking charge.

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Benefactor announces that $GALA will be the token that powers @TownStarGame and will swap all $TOWN for $GALA at a 2:1 ratio. Check out the announcement in our Discord at https://t.co/qSszqareBK! pic.twitter.com/bRMyePY5zP

— Gala Games (@GoGalaGames) January 9, 2023

Bringing in the Big Guns

In a detailed update on the official Discord channel, Gala Games’ CEO shared that their flagship Web3 farming game, Town Star, has been through several changes, especially with improvements to play-to-earn mechanics.

Gala Games’ CEO added that the onboarding of Mark Skaggs to lead Town Star was one of the most significant changes they’ve made. Skaggs is most notable for his efforts in leading Farmville, one of the most influential farming simulators and social media games. He played a significant role in maintaining Farmville’s 80 million user base and is now responsible for growing Town Star.

Eric ‘Benefactor’ Schiermeyer, Co-founder and Chief Executive Officer of Gala Games, shared:

“I recall a conversation with Mark Zuckerberg in which he said people were coming to Facebook (NASDAQ:META) just to play Farmville to the tune of 100s of millions. In many ways, Facebook wouldn't be the behemoth it is today if not for Mark Skaggs and Farmville. I've asked him to do it again. Who knows if we can actually get there, but if there was going to be a team to attempt it, this is the team.” To grow Town Star into a massive game, Schiermeyer asserted that they must constantly make changes to improve the game, announcing the end of TOWN.

He later announced that Town Star nodes would begin to earn GALA through a burn mechanism similar to Spider Tanks. When users purchase certain items in the Town Star game with GALA, the mechanism will burn the GALA and remint a portion of the burned tokens to the nodes and the play-and-earn pool.

The CEO added that Gala Games would release a lite paper soon discussing the Town Star’s new play-to-earn mechanisms, tokenomics, and other important details.

The TOWN to Gala exchange is expected to happen sometime in the next 60 days, and users will have at least 180 days to make the exchange.

At the end of the announcement, Gala Games shared that there will be a playtest at the end of this month, and users can expect a full release in February. The new version will host the new earning feature and other features such as decorations, leveling up NFTs, and more.

On the Flipside

• Gala Games had previously halted Town Star Rewards due to the lack of users running Town Star nodes.
• Town Star reportedly burned 97.5% of its unused NFTs in a virtual bonfire in Q4 2022.
• Each Gala Founder Node costs $95,000 to $100,000, while a Town Star Node ranges from $12,000 to $15,000.

Why You Should Care

Since Gala Games had paused the game’s reward distribution mechanism, Town Stars did not incentivize users to play the farm-building game. However, in the latest ecosystem update, Gala Games aims to reignite users’ interest by restarting the reward mechanism and significantly improving the game.

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See original on DailyCoin