Galxe unveils alpha mainnet of layer 1 gravity chain, ushering in a new era for web3

Galxe Unveils Alpha Mainnet of Layer 1 Gravity Chain, Ushering in a New Era for Web3

Last Updated: August 23, 2024By

Galxe, a prominent platform in the Web3 space known for its innovative credentials and rewards solutions, has officially launched the alpha mainnet of its Layer 1 blockchain, aptly named Gravity. This milestone marks a significant leap forward, integrating Galxe’s diverse suite of products—Quest, Compass, Passport, and the Galxe Identity Protocol—into a unified ecosystem designed to elevate the user experience for its 25 million-strong active user base.

Gravity distinguishes itself as a Layer 1 omni-chain smart contract platform, crafted to address the persistent issue of Web3 fragmentation. By enabling fluid cross-chain interactions and embracing full-chain abstraction, Gravity aspires to deliver a more seamless and intuitive experience for users navigating the complexities of decentralized applications.

Engineered as a proof-of-stake blockchain, Gravity leverages the cutting-edge Arbitrum Nitro stack, ensuring compatibility with the Ethereum Virtual Machine (EVM). Its architecture incorporates Reth as the execution layer and the Jolteon (AptosBFT) consensus algorithm, a combination that the development team asserts will facilitate high transaction throughput and nearly instantaneous finality.

The Gravity chain is poised to support native staking and restaking protocols, such as Babylon and EigenLayer, underscoring its commitment to fostering a robust and collaborative cross-community security framework. The G token, integral to the Gravity ecosystem, will function as the blockchain’s native gas token, driving governance, fueling ecosystem growth, and enabling seamless transactions.

Also, read – Layer 1 vs. Layer 2 : Top 10 Intriguing Difference Between The Blockchain Scaling Solutions

In a bid to further simplify user interactions, the alpha mainnet introduces chain-agnostic gas payments, allowing users to settle transaction fees using their Galxe ecosystem balance, a feature designed to enhance accessibility and streamline operations within the platform.

Looking ahead, the fully operational Gravity Mainnet is slated for launch in Q2 2025, setting the stage for further innovations and expansions within the Galxe ecosystem. The platform’s ambitious roadmap follows its successful $10 million funding round in 2022, backed by notable investors including Multicoin Capital and Dragonfly Capital.

As Galxe continues to pioneer advancements in Web3, the alpha mainnet launch of Gravity represents not just a technical achievement, but a strategic move to consolidate and enhance its offerings, paving the way for a more cohesive and interoperable digital future.

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About the Author: Eunji Lim

Eunji lim

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