With the exponential growth of the size of our in-house team, an increasing list of project launches, and many exciting campaigns successfully completed, Galxe has had an impressive maiden year, to say the least. We celebrated our first anniversary on March 26th with a long list of growth targets that we met and surpassed.
Galxe began with an effective and driven team of five employees responsible for the platform’s design and launch. The team successfully onboarded our first three projects, which were highly instrumental in expanding the Galxe ecosystem and driving the project’s global adoption in the months after our platform launch. Since then, our team, partners, and community members (Astronauts) across the ecosystem have significantly increased. Below, we will recap some of the highlights we’ve accomplished as of recently.
Galxe Stats and Growth Metrics
Galxe has succeeded in building an expanding and evolving ecosystem in a little over a year. Here are some of the numbers we are now seeing across our different social and community channels:
- Over 243,000 followers on Twitter
- Discord membership of over 114,700 people
- More than 12,200 active Telegram channel subscribers
- 1.2 million Galxe ID users registered
- Unique on-chain user count has crossed 319,000
- About 500,000 NFTs minted on Galxe each month
- Galxe is live on 7 blockchains, with a total of 300 involved project protocols/organizations (see the full list HERE)
- Over 2000 digital credentials curated, covering 4 million Web3 users
Galxe currently has a dedicated team of 30 employees managing all our project launches as we promote Web3 to more than 1 million Astronauts. We are committed to maintaining our position as the largest Web3 credential data network in the world, with much more room for growth.
We kicked off 2022 with various Web3 events and campaigns with numerous prominent projects. Some of the most significant events recorded in Q1 include:
Meta CowBoy Campaign
From January 31st to February 28th, Galxe hosted the Meta CowBoy bounty campaign. It was a fun campaign that required community members to actively participate in the numerous campaigns hosted by the platform. The campaign had five limited Meta CowBoy bounty NFTs up for grabs. Eligibility required each potential claimant to participate in a specified number of campaigns as follows:
- Bounty 001: Busted? — 20 or more campaigns
- Bounty 002: 6'2" Cowboy — 30 or more campaigns
- Bounty 003: Gem — 45 or more campaigns
- Bounty 004: Escape Plan — 65 or more campaigns
- Bounty 005: Chillin’ with My Gal — 99 or more campaigns
Galxe integrated the Solana blockchain as the protocol’s first non-EVM (Ethereum Virtual Machine) network. Following the announcement, we hosted a promotional cross-chain campaign for Astronauts on the 6 already-existing EVM chains. Dubbed “2022 is gonna be SOL Cool”, the campaign featured 27 leading Solana protocols and a prize pool of over $1,000,000 in a digital treasure hunt. The hunt allowed participants to claim 27 NFTs by completing a series of tasks set by the featured protocols:
Featured SOL Cool Protocols
The campaign was also launched to create traction for Solana and its protocols. Galxe successfully increased the blockchain’s user base with 33,400 new users participating, each one using an average of 5 of the featured protocols. It is also noteworthy that 4,826 users completed a minimum of 10 tasks from different protocols.
Space Expedition Program
Galxe is using the ongoing Space Expedition campaign to show appreciation to our community for joining our journey to build the largest Web3 credential data network. In this campaign, Galxe’s Astronauts will complete and form a ‘Pisces’ NFT by collecting three missing NFT pieces, including the “Star Map,” “Eternal Compass,” and “Starship”. All participants who hold the Pisces NFT will share a pool of 200,000 GAL tokens.
For eligibility, participants must join other Galxe campaigns from 00:00 on March 1st to 00:00 on April 30th, 2022. Astronauts who qualify for one or more of the missing NFTs are people who participate in campaigns that meet specific criteria. A qualifying campaign must be a public campaign initiated by a verified space. However, it should not be an open-to-all campaign. The Space Expedition campaign contains four different missions to unlock entries. Each entry gives access to one mystery box that contains one of the missing parts.
Apart from these campaigns, Galxe also made some major announcements. Here is a quick recap of some of our biggest headlines:
Galxe Secures $10M in Funding
In January, we announced a $10 million financing round. Multicoin Capital and Dragonfly Capital led the funding round with participation from several Web3 industry leaders and blockchain proponents, including Spartan Group, Sky9 Capital, Coinbase Ventures, and Binance Smart Chain Growth Fund. We intend to use the funds to grow our credential data network, expand support for multiple data sources, and build a wide array of application modules to help Web3 projects effectively leverage digital credential data.
Introducing the GAL and CoinList Sale
Galxe’s native token, GAL, was announced in February with a public Coinlist sale of 10 million GAL. The GAL token runs the entire Galxe ecosystem, helping to connect and incentivize users while encouraging growth. GAL functions primarily as a governance token, and also as the ecosystem’s payment token.
Verified Space Program
Since our inception, we have constantly evolved to be more permissionless. Projects we facilitate launches with are now able to create spaces and campaigns on their own. With this list of projects continuously increasing, users can now search for and find spaces for verified Galxe launches. We also regularly monitor and track these spaces for any sign of non-compliance with our guidelines. To qualify for a verified space badge, each project must have a minimum of 1,000 unique users.
GAL Early Adopters Reward
Galxe launched a GAL token airdrop to show appreciation to our early adopters, with tokens distributed according to each member’s NFT holdings. People who held certain Galxe NFTs were eligible for the GAL Early Adopters Reward.
As 2022 continues, we are looking forward to working with many more projects, hosting more campaigns, and for considerably more Astronauts to join our amazing team and community. We hope you’ll keep up with us as we pioneer Web3 solutions step by step.
About Galxe (previously Project Galaxy)
Galxe is building a protocol that powers on-chain credentials with plug-and-play NFT modules. The permissionless infrastructure allows everyone to create, distribute, and gamify NFTs with customized on-chain data. Developers can build their own loyalty programs, and individuals can issue and claim the NFTs backed by their on-chain achievements.
With Galxe, NFTs become more than just collectibles, but also forms of identification, empowering developers and community members to build more engaging communities together.
Join Galxe Community
For developers & NFT artists who are interested in working with Galxe’s partner network, join our Discord community and learn more.