Data Credential Network of the Web3 Era: Exploring Galxe

In the Web3 era, data credential networks are reshaping the way we interact with the digital world. This innovative technology is changing our understanding and use of data, privacy, and digital assets.

In the traditional Web2 environment, data is closed off in the databases of various institutions and platforms. Web3, as a new phase of the internet, abandons the centralized data management model and instead adopts blockchain technology and smart contracts to ensure the security and transparency of data. In this new paradigm, credential data networks become a core component, granting individuals complete control over their own data. This means that users can autonomously decide how their data is used, shared, and valued, without relying on third-party intermediaries.

Galxe: The Pioneer of Web3 Credential Data Networks

Galxe, as a representative of the Web3 credential data network, is dedicated to providing developers with tools to build quality products and active communities using credential data. At the same time, it is currently the largest Web3 task and community activity platform, with over 30 million users.

Galxe's infrastructure supports diversified credential data management:

• On-chain certificate: Contribution through subgraph queries or static snapshots
• Off-chain credentials: Integrated multiple data sources such as Snapshot.org, Twitter, and Github.

As a Web3 task platform, Galxe primarily serves two purposes:

1. Provide project teams with NFT/OAT tools to create gamified experiences and attract new users.
2. Improve user retention through the voucher system, users can obtain vouchers and claim rewards after completing tasks.

Since its establishment in 2021, Galxe has collaborated with over 2,100 partners, initiated more than 10,000 activities, and has around 150,000 monthly active users.

Galxe's Core Products

Galxe ID

Galxe ID aims to be the user's "Web3 LinkedIn", with main features including:

1. Universal username for multi-chain/multi-wallet identity
2. Showcase users' credentials and achievement history in the Web3 world.
3. As a metaverse DID, it allows developers to provide customized features based on users' digital credentials.

Galxe OAT (On-chain Achievement Token)

Galxe OAT provides a lightweight solution for event organizers and community managers to create and distribute NFT badge campaigns. It records all achievements of users throughout their lifetime.

Main features of OAT:

• Event organizers can easily create events and certificates on galxe.com
• Users can receive NFTs via email, enjoying a gas-free minting experience.
• Currently, only the ERC-721 standard on Polygon is available.
• Metadata is stored on NFT.Storage supported by IPFS and Filecoin.

Galxe Passport

Galxe Passport is the user's Web3 universal identity, providing a secure and private data storage method:

• Encrypt the storage of user identity information
• Users have complete control over data access and sharing
• Supports Soulbound token minting
• Can be used as a universal identity across applications

Since its launch in September 2022, despite initial controversies over KYC processes and privacy issues, Galxe Passport has still obtained over 80,000 KYC verifications within 5 months.

Galxe's Competitive Advantages

Compared to other credential data networks such as RabbitHole and QuestN, Galxe has the following advantages:

1. Focus on providing comprehensive community building solutions for project parties.
2. Support for a variety of on-chain and off-chain data sources, including social media and web access data
3. Built a scalable credential data protocol that supports third-party development task platforms, advertising platforms, and on-chain credit systems.
4. While maintaining services for B, we are also continuously optimizing the experience for C-end users.

Galxe is actively expanding its ecosystem, continuously enhancing user experience and underlying application capabilities, and is expected to maintain its leading position in the Web3 data credential network field.