The GalaChain TestNet has gone live to allow blockchain developers to deploy, test, and improve the chaincode within a controlled testing environment.
The Gala gaming ecosystem expects that the TestNet will give developers more freedom to participate within the GalaChain ecosystem and maximize potential in the Web3 industry.
Gala Games is one of the biggest players in the blockchain gaming industry, with this launch set to expand the company’s presence in Web3.
GalaChain TestNet Goes Live
A TestNet is a popular terminology in the blockchain industry, and it often refers to a sandbox environment where the developers can test new applications and features.
This sandbox environment allows developers to test features within a safe environment to detect and patch any bugs so that the chain launches safely on the MainNet. A similar switch was seen last month after the Fantom Opera upgrade went live after launching on the Sonic testnet in October 2023.
GalaChain is looking to release its blockchain, with TestNet being a step closer to launch. Developers, regardless of their experience level can participate in the TestNet through the Gala Creators platform.
Once a developer has signed into the Creators account, they need to follow the TestNet building and deployment steps.
The GalaChain TestNet comes with several key features. These include comprehensive API Access, the approval and verification of the chaincode, and a testing environment that is readily available to everyone.
Gala Games said,
This TestNet launch is a crucial step in preparing GalaChain for a broader influx of external developers. By providing a secure and isolated environment for testing, we are fostering an ecosystem of innovation, enabling developers to create and refine applications that will power the decentralized future.
GALA Price Tanks By 4%
Despite the monumental development and the highly-anticipated launch of GalaChain, GALA, the native token for the Gala Games ecosystem, continues to trade in the red today.
GALA was trading at $0.023 on July 30 as of 03:00 a.m. EST after a 4% drop in 24 hours. Despite yesterday’s recovery across the broader crypto market, GALA has barely moved, in recent weeks, with the monthly losses standing at 11%.
The recent drop seemed to have triggered some buying support, with the Relative Strength Index (RSI) hitting 70. The RSI line is also tipping north. This shows the strength of the bulls and the ability of GALA to rally higher.
However, the trend of the RSI line amid the price decline shows volatile price conditions. As such, there is a likelihood that GALA could correct.
The Moving Average Convergence Divergence (MACD) line is close to the signal line showing a period of consolidation. Buyers or sellers have the opportunity to take charge of the price action and determine future price movement.
