TechFlow news — On November 15, Gala Film, a Web3 video content platform, announced it will officially launch its ecosystem token FILM on December 5, 2024. The token will serve as a reward and utility token on the platform, allowing users to earn rewards by participating in platform activities, support high-quality projects, and unlock exclusive content.
Gala Film is built on GalaChain, a blockchain specifically designed for the entertainment industry, operating under a free-to-watch model. The platform introduces an NFT "Moments" system, where holders can earn FILM rewards based on content performance. Users can also support the decentralized network by operating Theater Nodes. The platform's previously issued temporary token, POPCORN!, will be converted to FILM at a fixed exchange rate.
