Galxe unveils Gravity EVM upgrade and $50M ecosystem fund
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 10 2024Galxe's New Initiatives: Galxe has launched a $50 million ecosystem fund and the Grevm 1.0 upgrade for its Gravity blockchain to support developers and enhance user-focused applications, aiming to attract more projects to its platform.
Future Goals for Gravity: The Gravity network, which is EVM-compatible and built on a proof-of-stake model, aims to facilitate high throughput and efficient microtransactions while allowing developers to create their own layer-1 solutions using the upcoming Gravity SDK.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
