Galxe

The Solana ecosystem is undergoing significant growth with the addition of three new campaigns. Jito Labs has introduced a liquid staking token leveraging MEV technology to enhance the utility of Solana assets. Zeus Network is enabling cross-chain interoperability, bringing Bitcoin, Runes, Ordinals, and more to the Solana ecosystem, expanding the boundaries of DeFi. DivvyBet is revolutionizing decentralized betting with a seamless and community-driven experience on Solana.

The Galxe Ecosystem, a prominent player in the Web3 space, has announced a major milestone in its user adoption. According to the official announcement, the ecosystem's flagship product, GalxeQuest, has surpassed 20 million unique users. Additionally, the number of GalxePassport holders, which serve as digital identities within the ecosystem, has exceeded 900,000. Users can access real-time updates on Galxe's data through the @DuneAnalytics platform.

This week, Alva App's AI algorithm identified four new projects that have been integrated into Galxe Compass: Metastreet, SpruceID, Orbiter Finance, and 0xDTX. In previous weeks, Galxe Compass added projects like Layer3, LogX, Karak Network, Orderly Network, Espresso Systems, Well3, 0G Labs, Redstone, Phaverse, Mocaverse NFT, Stake Stone, Farcaster, Ethena Labs, Backpack, LightLink Chain, Xterio Games, Phantom, and Polymer Labs to its centralized hub for discovering the latest airdrop quests.

As of April 25th, 2024, over 3 million GAL tokens have been staked in the Galxe Ecosystem. Stakers who participate by May 8th will receive a 20% boost, and additional partner rewards will continue to be unlocked beyond this date.

GalxeQuest has announced an integration with Cronos Chain, a decentralized blockchain network. This integration will enable a new era of scalability, security, and innovation on the GalxeQuest platform. As part of this collaboration, GalxeQuest is launching the 'Cronos Spring Odyssey,' a six-week journey through the Cronos Chain ecosystem. The Odyssey will consist of four unique phases, with the first phase, 'DeFi Town,' focusing on nine Cronos DeFi quests on GalxeQuest, offering exciting rewards to participants.

CoreDAO has launched a new 'Bitcoin Journey Campaign' on the Galxe platform, allowing users to explore the Bitcoin ecosystem through non-custodial staking. This initiative aims to create impactful experiences with Web3 credentials within the Bitcoin community.

A proposal has been made to change the ticker symbol of the Galxe token from GAL to G. Community members are encouraged to review the details on the Galxe DAO Forum and provide their input on this proposed evolution of the token.

A recent announcement highlights the potential of Web3 credentials to empower individuals with control over their digital identities and private data. This development aims to create impactful experiences by leveraging decentralized technologies.

The DOP organization has announced that the mainnet launch for their platform is approaching rapidly. Participants who successfully completed the 'Road To Mainnet' campaign can now unlock their digital credentials. The organization aims to enable the creation of impactful experiences using Web3 credentials within their community.

Galxe has announced the mainnet launch of its Galxe Identity Protocol, a permissionless self-sovereign identity infrastructure leveraging advanced Zero-Knowledge Proofs (ZKP) to enhance security and user autonomy without compromising privacy. The protocol enables users to have absolute control over their digital identity and private data, even in public verification scenarios. It facilitates the generation of verifications (Proofs) within seconds through the Galxe Identity Vault across browser and mobile devices, with on-chain authentication at minimal expense. The protocol introduces a versatile identity commitment schema for enhanced privacy and data protection during on-chain verification. It also prioritizes user experience by allowing issuers to create new credentials effortlessly within a no-code environment and streamlining the credential issuance process through a unique aggregation mechanism. The chain-agnostic framework has a wide range of applications, including Sybil prevention, reputation systems, credit systems, achievement systems, personal data markets, identity verification, and decentralized review systems.