GalaChain Progresses with Founder's Nodes Tokenization Amid Minor Setbacks

Luisa Crawford Oct 25, 2024 09:36 GalaChain has successfully issued most Founder's Node licenses as allowances, though some nodes faced issues.

GalaChain, a decentralized blockchain platform, has made substantial progress in its efforts to tokenize Founder's Nodes, a crucial step in the blockchain's decentralization journey. However, some nodes encountered issues during the process.

According to an update from Gala News, the majority of Founder's Node licenses have been successfully issued as GalaChain allowances. This development marks a significant stage in the blockchain's expansion endeavors.

However, the initial script process used by GalaChain to tokenize the Founder's Nodes encountered an issue that resulted in some nodes being bypassed. The GalaChain team is actively addressing this challenge to ensure that all licenses are correctly issued.

"This situation does not affect the daily operations of the Founder’s Nodes. They continue to operate normally and distributions are not affected by this delay. Please be patient as the team works towards a complete resolution and the remaining nodes are added to the GalaChain inventory," the announcement reads.

The tokenization transition has seen remarkable success, with many nodes already being traded on secondary markets such as NFT Harbor. This trading activity highlights the empowerment and flexibility that GalaChain provides to its community.

As GalaChain continues to forge its path in the blockchain landscape, the platform remains enthusiastic about the future. Its dedication to innovation and enabling its community is unwavering as it navigates these transitional challenges.

For further details, please refer to the original article on Gala News.