Galxe Launches Alpha Mainnet of Gravity Blockchain

Galxe, a Web3 credentials and rewards platform, has launched the alpha mainnet of its Layer 1 blockchain, Gravity.

The Alpha Mainnet launch brings all of Galxe’s products— Quest, Compass, Passport, and the Galxe Identity Protocol—on the chain, providing a “more cohesive experience” for its over 25 million active users.

Gravity is described as a Layer 1 omni-chain smart contract platform that aims to solve Web3 fragmentation by offering seamless cross-chain interactions and full-chain abstraction, enabling a smoother user experience.

The blockchain is designed as a proof-of-stake system built using the Arbitrum Nitro stack. It is Ethereum Virtual Machine (EVM) compatible and utilizes Reth as its execution layer along with the Jolteon (AptosBFT) consensus algorithm, which its team claims will ensure high throughput and near-instant finality.

Gravity will support G token native staking and restaking protocols, including Babylon and EigenLayer, to unite a cross-spectrum community to collectively safeguard the Gravity chain.

The G token will serve as the blockchain’s native gas token, drive governance decisions, and act as a growth incentive and payment method within the Galxe ecosystem. The alpha mainnet will also facilitate chain-agnostic gas payments, allowing users to pay transaction fees with their Galxe ecosystem balance.

The fully operational Gravity Mainnet launch is set to take place in Q2 2025.

In 2022, Galxe raised $10 million in funding, with contributions from Multicoin Capital and Dragonfly Capital.