Gala

Gala was founded in 2019 by Eric Schiermeyer, a co-founder of Zynga and a pioneer in the development of social and blockchain gaming. Schiermeyer assembled a team of leading developers in the blockchain industry and game development to lay the foundation for Gala as a leader in the web3 space. As of 2024, Gala has over 350 full-time employees across its core brands of Gala Games, Gala Music, Gala Film, and GalaChain.

Several key factors set Gala apart from other web3 projects: 1) GalaChain, Gala's powerful layer-1 blockchain designed to power its decentralized entertainment ecosystem; 2) A developer-friendly approach with open-source tools like the GalaChain SDK and Creator Portal to simplify building on the chain; 3) A highly decentralized structure powered by independent node networks, including the core Founder's Node network; 4) No ICO - Gala was funded solely through the sale of products like Founder's Node licenses and game/entertainment NFTs; and 5) A token burning mechanism where GALA used as gas is permanently removed from the total supply.

As of August 2023, Gala has over 350 full-time employees and has successfully launched its core entertainment brands in gaming, music, and film, all powered by the GalaChain blockchain. The company is working towards its ambitious goal of becoming the first blockchain ecosystem with over 1 billion users by continuing to expand its developer-friendly tools and infrastructure, onboarding new projects and communities, and growing its decentralized node network. With a focus on empowering creators and users across multiple industries, Gala aims to be a leading player in the mainstream adoption of web3 technologies.