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The Web3 Galxe digital identity network creates its own Layer-1 Blockchain gravity
AUSTIN, TEXAS – Galxe Web3 Infrastructure and Digital Credential Network (GAL) said Wednesday that it is building its own layer-1 smart contract platform called Gravity and will migrate all of its products to the new blockchain.
The first version of the network, built on the Arbitrum Nitro technology stack, will begin in June to test cross-chain deals in a publicly transparent way. The full-fledged Gravity Mainnet with native staking and restaking aims to go live in the second quarter of 2025. The reason for the creation of Gravity, the Galaxe team said, is that the platform’s user base has grown significantly over the past three years, now counting 20 million users and 100 million monthly transactions. This required a more efficient and scalable solution to manage cross-chain interactions between 34 blockchains supported by Galxe.
“Existing solutions failed to support the required complexity and scale, prompting Galxe to develop Gravity,” the team said in a statement.
Gravity will be a proof-of-stake blockchain, which it will support concurrently reformulation through EigenLayer and Babylon to take advantage of the security of the Ethereum network. The chain also gets a new native token G, with the contract migration of the existing GAL token already approved by the platform’s decentralized autonomous organization.
The network will use Reth as the execution layer and the Jolteon consensus algorithm (AptosBFT) for near-instantaneous transaction finality and high throughput, the team said. It will also be compatible with the Ethereum Virtual Machine (EVM).
Galxe Passport, which has nearly 1 million users, will be moved from BNB Chain (BNB) to Gravity, while the Galxe Score contract will migrate from Polygon (MATIC) to the new chain.