CDS Crypto News Gravity Blockchain: Galxe’s Layer 1 Solution Enters Alpha Mainnet Phase
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Gravity Blockchain: Galxe’s Layer 1 Solution Enters Alpha Mainnet Phase

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Gravity Blockchain: Galxe'S Layer 1 Solution Enters Alpha Mainnet Phase

Gravity Blockchain: Galxe’s Gravity Alpha Mainnet Goes Live, Unifying Web3 Ecosystem

Gravity Blockchain: Galxe, a leading Web3 credentials and rewards platform, has officially launched the alpha mainnet of its Layer 1 blockchain, Gravity. This significant development marks a major step in Galxe’s mission to create a more integrated and user-friendly ecosystem for its extensive user base, which currently exceeds 25 million active participants.

Gravity: The Foundation of a Unified Web3 Experience

With the launch of the Gravity alpha mainnet, all of Galxe’s core products—Quest, Compass, Passport, and the Galxe Identity Protocol—are now brought on-chain. This move is expected to enhance user experience by offering a seamless and cohesive interaction across the platform’s various services.

Gravity is positioned as an omni-chain Layer 1 smart contract platform designed to address the fragmentation within the Web3 space. By enabling smooth cross-chain interactions and providing full-chain abstraction, Gravity aims to simplify the complexities often associated with navigating different blockchain networks.

Built on Arbitrum Nitro: High Throughput and Instant Finality

Gravity is built using the Arbitrum Nitro stack and is compatible with the Ethereum Virtual Machine (EVM). This compatibility ensures that developers can easily deploy smart contracts on Gravity using familiar tools and languages. The blockchain employs Reth as its execution layer and utilizes the Jolteon (AptosBFT) consensus algorithm, which promises high throughput and near-instant transaction finality—a crucial feature for a platform supporting millions of users.

G Token: The Backbone of Gravity’s Ecosystem

The Gravity blockchain will feature the G token as its native currency, driving various functions within the ecosystem. The G token will be central to staking and restaking protocols, such as Babylon and EigenLayer, which are designed to unify a diverse community in safeguarding the integrity of the Gravity chain. Additionally, the G token will be used for governance decisions, growth incentives, and payments within the Galxe ecosystem. Notably, the blockchain will support chain-agnostic gas payments, allowing users to pay transaction fees using their Galxe ecosystem balance, further simplifying the user experience.

Full Mainnet Launch Expected in Q2 2025

The fully operational Gravity mainnet is scheduled for launch in the second quarter of 2025, marking the next phase in Galxe’s ambitious roadmap. The platform has already made significant strides, including raising $10 million in funding in 2022 from prominent investors such as Multicoin Capital and Dragonfly Capital.

FAQ

What is Galxe’s Gravity Alpha Mainnet?

The Gravity Alpha Mainnet is the newly launched alpha version of Galxe’s Layer 1 blockchain. It aims to bring all of Galxe’s products on-chain, including Quest, Compass, Passport, and the Galxe Identity Protocol, providing a seamless and cohesive experience for its users.

What role does the G token play in the Gravity blockchain?

The G token serves as Gravity’s native gas token, driving governance decisions, acting as a growth incentive, and facilitating payments within the Galxe ecosystem. It is also central to the platform’s staking and restaking protocols.

Gravity Blockchain: Galxe'S Layer 1 Solution Enters Alpha Mainnet Phase

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