Web3 Digital Identity Network Galxe Crafts Own Layer-1 Blockchain Gravity
Web3 infrastructure and digital credential network Galxe is developing its own layer-1 smart contract platform, Gravity, and plans to migrate all its products to this new blockchain. The first version of the network, built on the Arbitrum Nitro tech stack, will begin testing cross-chain settlements in June. The full Gravity Mainnet, featuring native staking and restaking, is expected to launch in Q2 2025. The move to create Gravity comes as Galxe's user base has grown to 20 million users with 100 million monthly transactions, necessitating a more efficient solution for managing cross-chain interactions across 34 supported blockchains. Gravity will be a proof-of-stake blockchain, supporting restaking via EigenLayer and Babylon to utilize the Ethereum network's security. It will also introduce a new native token, G.
