Gravity represents a strategic investment in a next-gen Layer 1 blockchain developed by Galxe, aiming to enhance user experience and interoperability in the Web3 ecosystem.

Information on the Target

Gravity is a next-generation Layer 1 blockchain developed by the Galxe team, known for their widely adopted platform in the Web3 space. Launched in mid-2024, Gravity aims to establish a seamless infrastructure that enhances user experience and facilitates cross-chain interactions. This strategic investment reflects a longstanding partnership, underscoring confidence in the capabilities of the Galxe team, which has consistently demonstrated its potential for driving infrastructure innovation within the crypto ecosystem.

The Galxe platform, previously known as Project Galaxy, initiated its journey in 2021 by focusing on creating portable, verified reputations from on-chain activities. This innovative approach resonates with developers seeking to engage users through customized campaigns and rewards, resulting in significant growth for both Galxe and its user community, currently boasting over 33 million users.

Industry Overview in the Target’s Specific Country

The crypto and Web3 industries have seen exponential growth globally, with a significant spotlight on decentralized applications and user-centric platforms. In major markets, such as the United States, the in