Latest news and prices related to the crypto assets Gala (GALA), Axie Infinity (AXS) and IOTA (MIOTA). Three cryptocurrencies, three projects and three different performances. Overall, we can say that the market seems to be going up, but let’s go into detail.
Summary
Prices of the crypto assets GALA, Axie Infinity (AXS) and IOTA
First let’s analyze Gala, which is priced at $0.0442: in the last thirty days the cryptocurrency has increased its value by 18.27%.
The project continues to grow; the market capitalization at the moment is $308.5 million, with a daily trading volume of $152.5 million.
The circulating supply of the GALA token is 7 billion, with an average holding time of 74 days. We are not talking about an overly popular cryptocurrency, in fact it is in position 67 in the overall ranking, but it remains a very young and ambitious project.
We continue our analysis with IOTA, the project created to facilitate microtransactions between Internet of Things (IoT) devices. IOTA’s price is $0.23 and in the last month it has increased by about 6%. Compared to the last year, where the token lost more than half of its value, IOTA seems to be on a steady but slow recovery.
Currently its market capitalization is $632.8 million, with a volume of $10.9 million. The circulating supply is 2.83 billion IOTA. The token is definitely far from its all-time high of $5.69.
We now move on to Axie Infinity’s AXS token, which we have already discussed in a recent article.
For this one, too, we will limit ourselves to analyzing the last 24 hours of AXS. At the moment Axie Infinity has a value of $9.08, in the last 24 hours it has had an increase of $0.52 USD or 6.13%.
As a result of its increase, its market capitalization has increased to 1.1 billion USD and its volume has grown to $85.3 million.
Gala Music launches unreleased NFT version track by David Bowie
Gala Music, a subsidiary of Web3 startup Gala Games, has caused a stir in the music industry with its latest partnership.
The company has joined forces with famed music producer Larry Dvoskin and publisher Warner Chappell Music to release a limited-edition collection of non-fungible tokens (NFTs).
These NFTs contain an unreleased version of David Bowie’s 1983 hit, “Let’s Dance,” and are sure to become a valuable commodity for collectors and music lovers.
NFTs have been making headlines in recent times, and many are still trying to understand the concept. In essence, NFTs are unique digital assets that are verified through blockchain technology. This means that each NFT is one-of-a-kind and cannot be replicated or duplicated. They have been used for everything from artwork to sports collectibles, and now they are making their way into the music industry.
Gala Music’s collaboration with Larry Dvoskin and Warner Chappell Music is a great example of how NFTs can be used in the music industry.
NFTs will contain an unreleased version of David Bowie’s iconic hit “Let’s Dance,” originally released in 1983.
The new version of the song was discovered by Dvoskin, who was sifting through old recordings in the archives. He came across a version of the song that had never been released, with a different vocal take and additional saxophone solos.
The limited edition NFTs will include the unreleased version of “Let’s Dance,” as well as exclusive artwork and other bonuses.
They are expected to become highly sought after by music collectors and Bowie fans, and it is easy to see why. The chance to own a unique piece of music history is an opportunity that does not come along often.
Gala Music’s use of NFTs in the music industry has the potential to revolutionize the way we think about music ownership and distribution. With NFTs, artists and musicians can create unique and verifiable digital assets. This creates a new revenue stream for artists and opens up new possibilities for music collectors.
The near future of IOTA and Shimmer
In the world of blockchain technology, 2023 promises to be an exciting year. Two major players, IOTA and Shimmer, have announced plans to integrate several key features that are sure to shake up the industry.
Specifically, both companies plan to add IOTA, IOTA 2.0/Coordicide and Mana smart contracts to their platforms.
IOTA is a DLT (Distributed Ledger Technology) platform designed for the Internet of Things (IoT). The platform uses a unique data structure called Tangle, designed to be lightweight and efficient.
The addition of IOTA Smart Contracts is a significant development, as it will allow developers to create decentralized applications (dApps) on the IOTA platform.
Smart contracts are self-executing contracts that can be programmed to be executed automatically when certain conditions are met.
This opens up a whole new world of possibilities for developers, who can create dApps that automate processes and eliminate the need for middlemen.
The addition of IOTA 2.0/Coordicide is also an important development. Coordicide is IOTA’s plan to remove the centralized coordinating node that currently oversees transactions on the network.
This will make the network truly decentralized and more secure. IOTA 2.0 is the next iteration of the IOTA protocol, which will include a number of improvements and enhancements to the platform.
Shimmer is another platform that focuses on IoT applications. The platform is designed to be highly scalable and secure, with a focus on privacy and data integrity.
The addition of Mana to the Shimmer platform is a significant development, as it will allow users to participate in network consensus without having to stake tokens.
Mana is a reputation-based system that determines a user’s influence on the network. This means that users can participate in consensus without having to stake tokens, making it more accessible and democratic.
Although both IOTA and Shimmer have promising features, it is important to note that investment in either company should be based on an individual assessment and not as financial advice.
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