Web3 infrastructure and digital certificate network Galxe (GAL) said Wednesday that it is building its own L1 smart contract platform, Gravity, and migrating all of its products to the new blockchain. The first version of the network, built on the Arbitrum Nitro technology stack, will launch in June to test cross-chain settlements in an open and transparent manner. The Gravity mainnet has native staking and re-staking capabilities and is scheduled to go live in the second quarter of 2025.
The Galaxe team said that the reason for creating Gravity is that the platform's user base has grown significantly over the past three years and currently has 20 million users and 100 million transactions per month, so a more efficient and scalable solution was needed to manage cross-chain interactions between the 34 blockchains supported by Galxe.
Galxe is building the L1 smart contract platform Gravity and plans to migrate all of its products to the new blockchain
2024-05-29 21:36:43
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