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As the number of blockchains, protocols and decentralized apps (DApps) keeps growing, the issues of user identity management and inter-platform authentication are becoming increasingly relevant. Managing web3 identities and identifying promising reward and airdrop opportunities is no longer a trivial task for end users, and for brands, onboarding quality users and running effective loyalty programs have also become increasingly challenging in today’s complex and competitive web3 world
Back in 2021, a decentralized web3 credential management solution, Project Galaxy, was first conceptualized to address the complexities of user identity management in the increasingly sophisticated blockchain environment. Project Galaxy was rebranded to Galxe (GAL) in 2022 as the scope and scale of the project's operations expanded. In June 2024, the project team celebrated another pivotal event in the platform's history — the launch of the Gravity Alpha Mainnet. This blockchain network adds a truly multichain dimension to Galxe's products in the areas of identity management, loyalty and community-building solutions, and on-chain reputation management.
Key Takeaways:
Galxe (GAL) is a multichain platform that offers users, brands and developers innovative products for managing web3 credentials.
Gravity (G), an omnichain network launched by Galxe, supports the platform's solutions across many Ethereum virtual machine (EVM)–compatible blockchains.
Galxe's original token, GAL, was migrated to Gravity's G token in July 2024, with G becoming the unified native token of the entire Galxe ecosystem, used for application and gas fee payments, governance and staking.