- Galxe’s first-order chain Gravity’s mainnet alpha is now operational.
- Galxe’s whole product portfolio will now be accessible on-chain with the launch.
The alpha mainnet of the Layer 1 blockchain Gravity has been made available by the Web3 credentials and rewards platform Galxe.
All of Galxe’s products, including Quest, Compass, Passport, and the Galxe Identity Protocol, will be available on the chain with the introduction of the Alpha Mainnet, giving its 25 million+ active customers a “more cohesive experience.”
According to its description, Gravity is a Layer 1 omni-chain smart contract platform that promises to improve user experience by “offering seamless cross-chain interactions and full-chain abstraction” in an effort to address Web3 fragmentation.
The Arbitrum Nitro stack is used in the construction of the proof-of-stake blockchain known as Gravity. Its developers believes that high throughput and almost instantaneous finality will be possible due to its use of the Jolteon (AptosBFT) consensus algorithm and Reth as its execution layer. It is Ethereum Virtual Machine (EVM) compatible.
The news announcement went on to say that the blockchain will enable native staking of G tokens and restaking protocols like EigenLayer and Babylon, bringing a cross-spectrum community together to jointly protect the Gravity chain.
The G token, being the blockchain’s native gas token, will have an impact on governance decisions, promote expansion, and function as a medium of exchange inside the Galxe ecosystem. Additionally, chain-agnostic gas payments—which let users pay transaction fees using their Galxe ecosystem balance—will be supported on the alpha mainnet.
Currently scheduled for Q2 2025, the introduction of the fully functional Gravity Mainnet.
Galxe was able to raise $10 million in 2022 because to fundraising efforts from Multicoin Capital and Dragonfly Capital.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
