Galxe, a Web3 credentials and rewards platform, has launched the alpha mainnet of its Layer 1 blockchain Gravity.

The launch of the Alpha Mainnet will bring all of Galxe’s products — including Quest, Compass, Passport, and the Galxe Identity Protocol — on the chain, providing a “more cohesive experience” for its over 25 million active users.

Gravity is described as a Layer 1 omni-chain smart contract platform that aims to solve Web3 fragmentation by “offering seamless cross-chain interactions and full-chain abstraction,” enabling a smoother user experience. 

Gravity is designed as a proof-of-stake blockchain built using the Arbitrum Nitro stack. It is Ethereum Virtual Machine (EVM) compatible and utilizes Reth as its execution layer along with the Jolteon (AptosBFT) consensus algorithm, which its team claims will allow high throughput and near-instant finality.

The blockchain will support “G token native staking and restaking protocols including Babylon and EigenLayer,” the press release continued, to unite “a cross-spectrum community to collectively safeguard the Gravity chain.”

The G token will be used as the blockchain's native gas token, drive governance decisions, and act as a growth incentive and means of payment within the Galxe ecosystem. The alpha mainnet will also support “chain-agnostic gas payments,” which will allow users to pay transaction fees with their Galxe ecosystem balance. 

The fully operational Gravity Mainnet launch is currently set to take place in Q2 2025.

In 2022, Galxe raised $10 million in funding, with contributions from Multicoin Capital and Dragonfly Capital.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。