The web3 credentials platform is launching 'Identity Protocol' on mainnet in order to give users' control over their private data.
Galxe, the Web3 credentials and rewards platform, announced Thursday that it is launching its "Identity Protocol" mainnet.
"Our goal is to witness a shift in how digital identity is managed, moving away from centralized, one-size-fits-all solutions to a world where users dictate their digital presence and how it can bring value to products and platforms," Galxe co-founder Charles Wayn told The Block. Galxe's strategy in launching the mainnet is to augment users' control over their private data by arming them with the power to disclose personal information as they see fit when accessing different "blockchain environments," according to its statement. Galxe said the new initiative is also aimed at fostering increased interoperability.
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