AUSTIN, TEXAS – Web3 infrastructure and digital credential community Galxe (GAL) stated Wednesday that it’s crafting its personal layer-1 sensible 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 stay within the second quarter of 2025. The rationale for creating Gravity, stated the Galaxe group, 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 answer to handle cross-chain interactions between 34 blockchains that Galxe helps.
“Present options fell quick in supporting the required complexity and scale, prompting Galxe to develop Gravity,” the group stated in a press release.
Gravity can 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 prevailing 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 group stated. It would even be appropriate 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.