- Galxe has launched the alpha mainnet of its Layer 1 chain Gravity.
- All of Galxe’s products will now be brought on-chain with the launch.
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.”
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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.
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