Web3 identity and rewards platform Galxe unveiled an EVM upgrade and a $50 million ecosystem to support projects building on its network.
Update 6:22 am Dec. 10 UTC: This article has been updated to include updated information about the ecosystem fund, and amended the description of Gravity.
Web3 identity and rewards platform Galxe unveiled a new Ethereum Virtual Machine (EVM) upgrade to its Gravity blockchain and a $50 million fund for the network’s ecosystem.
Speaking to Cointelegraph, Galxe co-founder Charles Wayn said the $50 million fund was put together in a bid to encourage development on its recently launched Gravity network, an EVM-compatible layer-1 network that aims to help developers launch new user-focused applications and even subsidiary blockchains.
