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 reside within the second quarter of 2025. The explanation for creating Gravity, stated the Galaxe crew, is that the platform’s consumer 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.
“Present options fell brief in supporting the required complexity and scale, prompting Galxe to develop Gravity,” the crew stated in a press release.
Gravity might be a proof-of-stake blockchain, concurrently supporting restaking through 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 authorised 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’s going to even be appropriate with the Ethereum Digital Machine (EVM).
Galxe Passport, which has practically 1 million customers, might be moved from BNB Chain (BNB) to Gravity, whereas the Galxe Rating contract will migrate from Polygon (MATIC) to the brand new chain.