Galxe to Release Gravity Smart Contract Platform in June

Name: Gravity Smart Contract Platform
Start: 2024-06-01T00:00:00Z
End: 2024-07-01T00:00:00Z

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Galxe has announced its plans to develop its own layer-1 smart contract platform, named Gravity. The initial version of this network, which is being built on the Arbitrum Nitro tech stack, is set to commence testing of cross-chain settlements in a publicly transparent manner in June.

Event date: June 2024 UTC

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Web3 infrastructure and digital credential network Galxe $GAL said that it is crafting its own layer-1 smart contract platform called Gravity and will migrate all its products to the new blockchain.

The first version of the network, built on the Arbitrum Nitro tech stack, will start in June to test cross-chain settlements in a publicly transparent manner. The full-fledged Gravity Mainnet with native staking and restaking aims to go live in the second quarter of 2025.

Galxe Passport, which has nearly 1 million users, will be moved from BNB Chain $BNB to Gravity, while the Galxe Score contract will migrate from Polygon | Aggregated $MATIC to the new chain.

https://www.coindesk.com/business/2024/05/29/web3-digital-identity-network-galxe-crafts-own-layer-1-blockchain-gravity/

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