Galxe implements “cross-domain pseudonymous identities” on its main network.

Galxe, a platform specializing in badges and rewards on Web3, announces the launch of a cross-chain identity protocol on its mainnet. What is it about ?

Galxe launches cross-chain and decentralized digital identity service

The Galxe platform has just announced the launch of an “Identity Protocol” on its mainnet. This protocol aims to give users back control over their personal data while allowing them to use “cross-domain pseudonymous identities” when interacting with different platforms and blockchains.

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Using zero-knowledge proofs, the Galxe protocol guarantees users autonomy over their digital identity and private data.. According to Charles Wayne, co-founder of Galx, identity management in Web3 must be decentralized.

“Our goal is to see digital identity management evolve from centralized, unified solutions to a world where users dictate their digital presence and how it can deliver value to products and platforms. »

Since its launch in 2021, Galxe claims to have issued more than 200,000 tokens and registered more than 18 million unique wallets on its platform. Galxe also claims to have played an important role in the growth of the Arbitrum, Optimism and Polygon blockchains.

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Idental protocol : control and interoperability on the blockchain

With the launch of its main network Galx’s strategy is to strengthen users’ control over their private data by allowing them to disclose the personal information they deem necessary when accessing various environments on the blockchain. Galxe says this new initiative will also improve interoperability between users and protocols.

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For Charles Wayne, co-founder of Galx, The “Identity Protocol” will allow users to use and maintain a consistent “cross-chain pseudonymous identity” across different Web3 tools and applications.

“The launch of the Galxe Identity Protocol mainnet marks a major transition. Using our extensive experience with millions of Web3 users and lessons learned from industry challenges such as scalability and privacy, we are introducing a secure, decentralized alternative for identity verification. »

In 2022, Galxe raised $10 million from Multicoin Capital and Dragonfly Capital.

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Source: The Block

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