AUSTIN, TEXAS – Web3 infrastructure and digital credential community Galxe (GAL) stated Wednesday that it’s crafting its personal layer-1 good contract platform referred to 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 explanation for creating Gravity, stated the Galaxe crew, is that the platform’s person 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 resolution to handle cross-chain interactions between 34 blockchains that Galxe helps.
“Current options fell quick in supporting the required complexity and scale, prompting Galxe to develop Gravity,” the crew stated in an announcement.
Gravity can 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 accredited 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 crew stated. It’ll even be suitable with the Ethereum Digital Machine (EVM).
Galxe Passport, which has almost 1 million customers, can be moved from BNB Chain (BNB) to Gravity, whereas the Galxe Rating contract will migrate from Polygon (MATIC) to the brand new chain.
