GameFi Tokens Experience Resurgence Following Gala Games' Collaboration with the White House
The gaming token sector, which has been relatively dormant since the 2021 cryptocurrency surge, appears to be regaining momentum. Data from SoSoValue indicates that gaming tokens were the worst-performing cryptocurrency basket over the past 12 months, experiencing a 62% decline compared to a 174% increase in PayFi tokens. However, under the Trump administration's crypto-friendly stance, this trend may be shifting. Gala Games, a blockchain-based gaming platform, has become the first cryptocurrency gaming company to partner with the White House, hosting a Web3 game Easter Egg Hunt at the 2025 Easter Egg Roll. This collaboration has led to a significant increase in the value of the GALA token, with a rise of approximately 18%, while GameFi tokens have increased by 13% and the broader cryptocurrency market has risen by 8%. The event aimed to introduce blockchain technology to families in a non-overwhelming manner, with players able to collect virtual eggs to win unique non-fungible tokens (NFTs) stored on GalaChain, Gala's proprietary Layer 1 blockchain. The game, hosted at easter.gala.games, provided a 'free and simple' experience, with players able to log in, explore, and collect eggs without needing prior cryptocurrency wallet experience. Every NFT reward was stored on GalaChain, hinting at potential future use across Gala's entertainment projects, including Gala Music and Gala Film. Since the event's launch, over 300,000 games have been played, with approximately 100,000 new accounts created. Roughly 17% of participants went on to explore Gala's other projects, indicating genuine user engagement beyond the Easter event. Founded in 2019 by Zynga co-founder Eric Schiermeyer, Gala Games has been laying the groundwork for broader adoption through partnerships with DreamWorks Animation, NBCUniversal, and collaborations with artists like Snoop Dogg. Earlier this month, Gala Film announced a partnership with LG Electronics to bring Web3 entertainment to TVs, and the company hinted at working with a government agency on transparency efforts. The Easter game marks a real-world test for Gala Games and the broader GameFi sector, with industry reactions being mixed. Some praised the increased visibility, while others pointed out that more work is needed for the mass adoption of the GameFi industry. Jack O'Holleran, CEO of SKALE Labs, stated that GameFi has never stopped expanding, but its issue has been visibility, and the technology has matured. 'In the past, you needed to manage your own cryptocurrency wallets and pay high gas fees just to play,' he said. 'Now, gas-free blockchains and seamless onboarding remove those barriers.' However, a broader adoption of the GameFi sector will require further meaningful collaboration with mainstream gaming outlets, which could potentially open the 'floodgates' and lead to significant growth. Mitja Goroshevsky, co-founder of Gosh, praised the visibility of Gala Games and the GameFi sector via the White House tie-up but warned that the industry must still solve its identity crisis. 'It's caught between being about gaming and being about trading,' he said. 'Until blockchain games introduce fundamentally new experiences, government partnerships alone won't drive mass adoption.'