Exclusive: Galxe CEO Harry Zhang on Digital Identity, AI Trading Insights, and the Launch of Gravity L1

cryptonews.com:

In a recent interview at Consensus 2024 in Austin, Texas, Rachel from Cryptonews sat down with Harry Zhang, the CEO and co-founder of Galxe, to discuss his company’s latest advancements and offerings. This conversation covered various aspects, including the significance of digital identity in Web3, the role of AI in trading, and the launch of Galxe’s Gravity L1 blockchain. Here are the key takeaways from their insightful discussion:

Galxe, formerly Project Galaxy, operates on the Galxe Identity Protocol. It is positioned as the largest on-chain distribution platform and aspires to become a decentralized super app that facilitates user navigation in the Web3 space.

With over 20 million users and 5,000+ projects utilizing its platform daily, Galxe recently launched its own Layer 1 blockchain, Gravity.

“We started off as Galxe Quest and the underlying Galxe identity protocol which powers the quest,” Zhang said. “Right now, we are the largest on-chain distribution platform and we’re aiming to become this decentralized super app by helping users to navigate everything in Web3.”

Digital identity is a core focus for Galxe. Initially built upon the digital identity network, their questing platform integrates this to verify user activities and task completion.

Zhang elaborated on how the identity protocol aggregates user credentials from both on-chain and off-chain sources, such as holding NFTs or social media interactions. This aggregation helps projects track contributions and reward users with airdrops, NFTs, and tokens.

“Quest is basically built upon the digital identity network,” he explained. “In order for us to check the user activities or whether a user completed different tasks in a quest, we have this credential