1 month ago

    Web3 Gaming Platforms: Portal Coin and Gala Games

    Web3 Gaming Platforms: Portal Coin and Gala Games
    Table of contents

      Web3 gaming platforms are revolutionizing the industry by integrating blockchain technology, decentralized economies, and digital ownership. These platforms enable players to truly own their in-game assets, which can be traded or sold in decentralized marketplaces. This gives gamers new opportunities to monetize their time and achievements. Unlike traditional gaming models, where assets are confined within a game’s ecosystem, Web3 gaming allows for interoperability across platforms, enhancing user experience and engagement.

      Prominent projects like Gala Games and Portal Coin have been instrumental in shaping the Web3 gaming landscape. Gala Games focuses on empowering players by offering a diverse range of blockchain-based games with player-owned economies. While these platforms have a long way to go, their potential is enormous. In essence, the goal of these platforms is to be the Epic Games or Steam of the web3 industry. To show you how significant the potential is, we would like to remind you that Epic Games and Steam generated over $15 billion in combined revenue in 2024.

      These platforms are accelerating the onboarding of both crypto enthusiasts and traditional gamers into the Web3 ecosystem by providing improved gameplay experiences, economic incentives, and security. Web3 gaming platforms are expected to be pivotal in reshaping the global gaming industry by 2025 by integrating play-to-earn models, decentralized governance, and cross-platform functionality.

      By integrating play-to-earn models, decentralized governance, and cross-platform functionality, Web3 gaming platforms are expected to be pivotal in reshaping the global gaming industry by 2025.

      Portal Coin – The Cross Chain Solution to Web3 Gaming

      Portal Coin is a cryptocurrency designed for use within decentralized gaming ecosystems on Web3 platforms. Built on blockchain technology, Portal facilitates seamless transactions, digital ownership, and community governance within interconnected virtual worlds. It uses the LayerZero protocol to provide gamers with a unified currency and enhance user experience across multiple games and platforms.

      Portal Coin can be used to buy, sell, or trade in-game assets like weapons, skins, characters, or virtual real estate. These assets are represented as non-fungible tokens (NFTs), allowing players to own their items with full transparency and security. Unlike traditional in-game currencies, Portal Coin is decentralized, meaning that no single game developer controls its supply or use.

      The coin is crucial in powering play-to-earn (P2E) mechanics. Through Portal, gamers are rewarded for their achievements, contributions, and participation in the game ecosystem. Additionally, it supports staking, where players can lock their coins to earn rewards or gain governance rights in DAOs.

      Portal Coin’s platform prioritizes interoperability, enabling users to carry their assets and currency between games. By 2025, it will become a key currency for next-generation decentralized gaming networks, driving innovation and cross-platform economies. Portal currently has a market cap of $91 million, giving it a price of $0.20. The token will likely surpass its all-time high of $4.50 by the end of the year. This growth would require Portal to reach a market capitalization of over $2 billion, which is nothing compared to the worth of the Web3 gaming industry.

      Portal Forecast
      Portal Forecast

       Gala Games – The OG Web3 Gaming Platform

      Gala Games emerged as one of the most critical players in the Web3 gaming space. Founded in 2019, the platform gained traction and peaked in 2021. During that time, Gala Games’ ecosystem grew to include hundreds of thousands of users, multiple successful blockchain-based games, and a market cap that exceeded $5 billion at its height. The platform became a leader in demonstrating how play-to-earn (P2E) models could redefine gaming. They achieved this through popular titles like Town Star and Mirandus, which showcase player-driven economies and actual asset ownership through NFTs.

      Gala Games launched its blockchain to reduce reliance on external networks in its commitment to decentralization and scalability. This move has allowed faster transactions, lower fees, and more significant game development and governance control.

      Today, a key strength of Gala Games lies in its partnerships with major brands, helping onboard traditional IPs and fan bases into the Web3 gaming ecosystem. One of the platform’s standout collaborations is with The Walking Dead. While Gala is considered a thing of the past, and web3 gaming might be considered a small sector in the crypto industry, things will change this year. Everything is going digital, and more and more money is flowing into the esports industry. This will have a positive impact on the web3 gaming industry as well.

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