Galxe unveils MAJOR blockchain updates: Galxe has announced the Gravity EVM upgrade and a $50 million ecosystem fund to drive blockchain development on its network. This move aims to empower developers by providing access to Galxe’s user base of 1 million daily active users, encouraging innovative application creation.
Backing from renowned venture capitals: The $50 million fund is supported by prominent venture capital firms, including Dragonfly Capital and HashKey Capital. Additionally, Galxe has allocated $5 million for developer grants to further support innovative projects, reinforcing a strong commitment to accelerating blockchain development on the Gravity network.
Gravity SDK promises enhanced performance: The forthcoming Gravity SDK is poised to significantly enhance developer capabilities, offering 10 to 100 times better performance than existing solutions like the Cosmos SDK. This toolkit enables the creation of layer-1 blockchains and parallel EVMs, facilitating HIGH transaction throughput with sub-1-second execution times.