Which is better? MANA vs GALA?
|Which is better? Mana or Gala?: Land holders in Decentraland have the ability to modify their land at their will and sell it to others, however, the same cannot be done in Gala Games.|
Mana vs Gala: Ecosystem
Decentraland works on the DAO ecosystem i.e., Decentralized Autonomous Organization. Let’s try to put some light on it in this section:
As we have discussed that Mana is a virtual reality game and is fully decentralized, meaning that users have the control to create content and play in this space. In simple words, users are given control over the policies to determine the world of the game. For instance, they can decide which wearables will be allowed in the game space. The DAO system works on voting i.e.., the community can propose and vote on the updates in policies, LAND auctions etc.
So, all in all, DAO is the decision-making tool for MANA in the virtual world. Users can easily issue grants and make changes through their votes.
Gala Node Ecosystem
In contrast to Mana, Gala works on the node Ecosystem. The motive behind Gala games is to provide power to the gamers to govern and control the game. Somewhat similar to Mana, Gala also aims to create a distributed network of gamers who can own the world of gaming. The Gala Node Ecosystem allows the players to have tight control over their assets and also control the development of the Gala Games roadmap. Here, the voting mechanism is used to enlist the node owners who later determined which game should be added to the platform. Not only this, Gala ecosystem allows the node owners to earn GALA and other unique items for providing their support.
Gala has made it easier for people to enter the voting system at the blockchain.
Mana vs Gala: Key Differences
- Decentraland is a single game, but Gala is a multi-game platform.
- Decentraland users can interact with each other and shop in stores using MANA. GALA on the other hand can only be used to either purchase games or make in-game purchases which are boosters or shortcuts to advance in the game.
- Land holders in Decentraland have the ability to modify their land at their will and sell it to others, however, the same cannot be done in Gala Games.
Performance Chart of the last 90 Days: GALA
Performance Chart of the last 30 Days: GALA
Performance Chart of the last 5 Days: GALA
Interpretation: GALA has lost more than 70% of its value in the last 3 months, it did witness some stability in the 30-day chart, but that was substantiated by the rise in the last 5 days, since GALA has risen 13+%.
Performance Chart of the last 90 Days: MANA
Performance Chart of the last 30 Days: MANA
Performance Chart of the last 5 Days: MANA
Mana vs Gala: Final Verdict
Interpretation: MANA has lost more than 105% of its value in the last 3 months (as of November 11th, 2022), and has lost more than 29% of its value over 30 days. On the contrary, Gala has lost more than 109% in 3 months and around 25% in 30 days.
Conclusion: MANA has performed better in comparison with GALA, even though they both have declined. The dominance of Metaverse company over a gaming company is highly unusual, but this is the case. Additionally, the Market Cap of Decentraland is 4.3X of Gala, which supports the argument that MANA has greater value compared to GALA.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions.