Gala Games, the blockchain gaming company, has burned over $600 million worth of GALA tokens. The burn was carried out as part of the company’s efforts to reduce the supply of GALA tokens and increase their value.
The burn was conducted by sending the tokens to a burn address, which is a blockchain address that cannot be accessed by anyone. This effectively removes the tokens from circulation and reduces the total supply of GALA tokens.
The burn of $600 million worth of GALA tokens is a significant event for the company and the blockchain gaming industry as a whole. It is a sign that Gala Games is committed to the long-term success of its project and is willing to take steps to increase the value of its tokens.
The burn is also a positive development for the blockchain gaming industry as a whole. It shows that the industry is maturing and that companies are willing to invest in the long-term health of their projects.