Play-to-earn gaming studio Gala Games announced that it will invest $5 billion to expand its offerings in the non-fungible token [NFT] domain in the coming year.
As stated in the press release, out of the $5 billion allocated to Gala Game’s NFT expansion, $2 billion would be utilized to ramp up its gaming sector. Further $1 billion will be earmarked for the studio’s music ambitions as well as another $1 billion for the development of movies. And the remaining $1 billion would go to support Gala’s theme park NFTs.
Confirming the above figures, Gala Games’ President of Blockchain Jason Brink stated,
“Those were some of the numbers shared with the Gala Gold community and we certainly look forward to helping that unfold with the community in the future.”
However, Brink declined to comment further on the details or future plans, saying his studio needed to save “some stuff for the Gala Gold community.”
Besides that, the crypto startup is in the process to raise capital into music, movies, and theme park NFTs, The figure was later confirmed by Gala Games’ President of Blockchain Jason Brink.
Gala Games and Snoop Dogg NFT collaboration
As per anonymous sources rapper, Snoop Dogg might launch an “NFT album” on its platform shortly before the album is released elsewhere.
Snoop, who is a big crypto advocate, reportedly start collecting NFTs last year under the pseudonym Cozomo de’ Medici. The artist also posted a tweet in February 2021 showing the head of a Shibu Inu superimposed on his frame from the R&G Rhythm & Gangsta -The Masterpiece album.
That being said, Brink may have dropped a subtle hint of an upcoming collab by saying “As for Snoop, keep watching and make sure to pick up his album when it comes out, whether it’s as an NFT or otherwise.”
Additionally, Gala Games recently launched a $100 million blockchain gaming fund with an early-stage investment platform C2 Ventures that would focus primarily on investment in game developers and projects building on top of the blockchain.
The firm, on December 2021, announced the sale of its first time Limited Land Sale in a game called Legacy backed by NFT.