Web3 Digital Identity Network Galxe Crafts Own Layer-1 Blockchain Gravity
AUSTIN, TEXAS – Web3 infrastructure and digital credential community Galxe (GAL) mentioned Wednesday that it’s crafting its personal layer-1 good contract platform known as Gravity and can migrate all its merchandise to the brand new blockchain.
The primary model of the community, constructed on the Arbitrum Nitro tech stack, will begin in June to check cross-chain settlements in a publicly clear method. The complete-fledged Gravity Mainnet with native staking and restaking goals to go dwell within the second quarter of 2025. The rationale for creating Gravity, mentioned the Galaxe group, is that the platform’s consumer base has considerably grown over the previous three years, now counting 20 million customers and 100 million month-to-month transactions. This required a extra environment friendly and scalable answer to handle cross-chain interactions between 34 blockchains that Galxe helps.
“Present options fell brief in supporting the required complexity and scale, prompting Galxe to develop Gravity,” the group mentioned in a press release.
Gravity shall be a proof-of-stake blockchain, concurrently supporting restaking by way of EigenLayer and Babylon to leverage the Ethereum community’s safety. The chain additionally will get a brand new native token G, with the present token GAL’s contract migration already accepted by the platform’s decentralized autonomous group.
The community will use Reth as execution layer and consensus algorithm Jolteon (AptosBFT) for near-instant transaction finality and excessive throughput, the group mentioned. It should even be suitable with the Ethereum Digital Machine (EVM).
Galxe Passport, which has practically 1 million customers, shall be moved from BNB Chain (BNB) to Gravity, whereas the Galxe Rating contract will migrate from Polygon (MATIC) to the brand new chain.
