GalaGames continues to grow, this time the company headed for musical NFTs (in our opinion one of the following trends) and streaming service Gala Music. This was announced along with the fact that GalaGames and Snoop Dogg are now officially partners. We knew about it from rumors and now we know it for sure. Users can already buy the first NFT on Gala Music, Snoop's Stash Box, which includes various awards and a bonus NFT track from Snoop's new album.
There was a time when GalaGames was the main supplier of games, having in its arsenal only town star. Since then, they've expanded their title lineup to nine games, sold millions of dollars worth of NFTs, and are now adding music to their growing ecosystem. NFT music is still know-how, in fairness I would like to note that as the first partner of Snoop Dogg, Gala Music it is unlikely that there will be problems with marketing. this guy is like a walking sensation in his own right.
Gala Music Nodes
How will it work Gala Music Nodes? Nodes in an ecosystem Gala Music, will be responsible for the music streaming service function in the process itself. The purchase of nodes is not limited, although the storage of one node will no longer give the user additional benefits. Music nodes will work as translators, broadcasting NFT tracks. Node owners are required to have their own NFTs for streaming, but streamers will have the ability to offer their nodes for use by other NFT holders in the future.
Sales of Gala Music Players Nodes started on February 11, Player Music will cost users ~$1200 in GALA tokens. Ownership Gala Music Nodes makes it possible to receive free NFT tracks from new releases. It is very important to note that in Gala Music, game nodes will only hold their price for some time, what will happen next? So far it's hard to say.
As a bonus to the standard nodes, special fan nodes will also be released, the circulation of which will be limited. Fan nodes will be fixated on a specific artist or label and provide fans with nice bonuses: exclusive rewards and drops.
Musical Tokenomics
Rewards will be paid in new token Gala Music. For each track played, the system issues a Gala Music Token worth $0,10 cents. This newly minted token is distributed as follows: 45% to all track owners (divided equally), 10% to all nodes in the music network (also equally divided), and 5% to the specific node that plays the track. The remaining 50% goes to the artist. Each node contains only one instance of each track, so accumulating tracks is of little use.
The Sandox and new staking mechanics SAND on Polygon
With the new staking mechanics, there will be no need to pair SAND with anything else in order to stake. Users don't even have to worry about gas fees. Utility token and governance token that is used in the metaverse The Sandbox, got the possibility of staking only through SAND. Thanks to the Polygon giveaway a few weeks ago. And although the gas commission was not bad so reduced, thanks to the use of Polygon, the new staking mechanism is completely gas-free thanks to Biconomy.
TLDR:
- It is now possible to directly stake mSAND tokens
- The program is open to everyone in the Polygon Network
- Support for gas-free transactions through Biconomy
- 500 mSAND rewards per week for the first 000 weeks.
- Opportunity to receive your income from mSAND once a week.
- Opened February 11, 2022 at 20:00 UTC.
- Rewards are available from February 11, 2022 at 21:00 UTC.
How to connect SAND with Polygon?
- Visit the site The Sandbox Game
- Open the bridge widget
- Login with your wallet
- Set the amount you want to connect to the Polygon.
- Confirm transaction.
- Before your mSAND arrives at Polygon, you will have to wait about 10-20 minutes.
How to stake mSAND
- Visit the site The Sandbox Game
- mSAND rates will appear first
- After that, you need to give approval for staking. This will open the transaction for signing. If gasless mode is enabled, this transaction will go through Biconomy.
- Once approved, you will see the Deposit option. Clicking on it will give you access to the deposit panel.
- Enter the amount you want to deposit, click the button and confirm the transaction. We remind you that if you have gasless mode enabled, the transaction will go through Biconomy.
Your mSAND is staked. You can now earn rewards for your mSAND. Remember that an application can be created once every 7 days.
How to get your earnings
- In the same staking interface on the site The Sandbox Game
- Just click the Claim button and confirm the transaction.
- After receiving your income, a timer will appear that will let you know after what time you can re-collect the income.
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