Gala Games, a blockchain game development company, plans to invest $5 billion in projects using collectible tokens by the end of 2023.
According to the Blockworks publication, citing its own source in the company, the funds will be invested in platforms for games, music and video. Gala Games is also planning to develop NFTs for its amusement park. Later, the information was confirmed by the head of the blockchain direction at Gala Games, Jason Brink.
Of the total amount of $5 billion, the company plans to allocate $2 billion for the development of gaming areas. Another $1 billion will go towards the development of a music platform where tracks can be purchased as NFTs. The same amount – for the creation of a platform for videos. The remaining billion will go to the amusement park and the NFT for it.
“We shared these numbers with the Gala Gold community. These are not all of our plans, and we hope that our investments will help the community in the future,” said Brink.
Brink did not reveal details, saying that “something needs to be saved and exclusively for the Gala Gold community.”
When you have an awesome photo opportunity with @SnoopDogg but the newscast in the background just doesn’t want to behave. pic.twitter.com/6lpjnaDweH
— Jason Brink aka BitBender (@BitBenderBrink) February 8, 2022
However, it became known that the famous rapper Snoop Dogg may release a new album in the form of NFT on the Gala Games platform. Snoop has already released his songs as collectible tokens.
Earlier, American entrepreneur Paul Graham said that the potential of NFTs is huge and collectible tokens can provide more opportunities than we can guess now.
Source: Bits
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