Exclusive Interview with Galxe CEO Harry Zhen: Insights on Digital Identity, AI Trading, and the Launch of Gravity L1 Blockchain
At Consensus 2024 in Austin, Texas, Rachel from Cryptonews had an exclusive interview with Harry Zhen, the CEO and co-founder of Galxe, discussing the latest advancements and offerings of the company. The conversation delved into topics such as the importance of digital identity in Web3, the role of AI in trading, and the introduction of Galxe’s Gravity L1 blockchain. Here are the highlights from their enlightening discussion:
Galxe, formerly known as Galaxy Quest, operates on the Galaxy Identity Protocol, positioning itself as the largest on-chain distribution platform aiming to become a decentralized super app for navigating 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.
Digital Identity is a central focus for Galxe, with their questing platform integrating digital identity verification to track user activities and task completion. Harry explained how the identity protocol gathers user credentials from various sources, both on-chain and off-chain, to reward users with airdrops, NFTs, and tokens.
In the Web3 ecosystem, digital identity plays a crucial role in centralizing user information securely and privately, unlike the fragmented approach in Web2. Galxe Passport, a key solution, allows users to verify their identity and share encrypted information, enhancing security and privacy through zero-knowledge proofs.
Galxe is enhancing the Web3 experience with AI-driven trading and investing, utilizing real-time data from social media, on-chain transactions, and macroeconomic indicators to provide users with trading insights and analysis through their Alva LLM model. The integration of AI in financial services has the potential to generate significant value annually by improving efficiency and insights.
The upcoming launch of Gravity, Galxe’s Layer 1 blockchain, aims to address chain fragmentation and enhance user experience by connecting various blockchains and simplifying interactions. While not competing with established platforms like Ethereum or Solana, Gravity seeks to improve interoperability and user experience in the Web3 space, unlocking new possibilities for decentralized finance.
Consensus 2024 was a platform for industry leaders, pioneers, and analysts to discuss the latest trends and developments in the crypto space. Stay tuned for more updates from this exciting event!
