Galaxis has integrated with Chainlink CCIP, bringing cross-chain interoperability across the Ethereum and Polygon mainnets.
According to Galaxis, the aim is to create cross-chain digital membership cards, “enabling more seamless token-gated community spaces across the Web3 ecosystem.”
Galaxis is a Web3 platform designed for building and managing decentralized communities. It empowers content creators, individuals, and businesses to establish sustainable communities without relying on third parties.
By combining transparent technology and real-life values, Galaxis eliminates speculation in the web3/NFT space and offers a secure environment for those embracing the future of business and idea monetization.
Galaxis introduces a self-sustaining economic model, enabling monetization through three straightforward steps: issuing digital membership cards that offer meaningful value to community members, fostering engagement within the community, and encouraging community members to support projects or creators through incentives.
Chainlink Cross-Chain Interoperability Protocol (CCIP) is a decentralized oracle network that connects smart contracts with real-world data and external APIs.
It enables smart contracts on blockchains to securely access accurate and reliable information, such as market prices, weather data, and more.
According to Galaxis, the choice to incorporate CCIP was informed by the reputation attributed to Chainlink in terms of security and reliability within the Web3 landscape.
It also added that CCIP is supported by the Risk Management Network, an independent system that constantly monitors cross-chain operations for suspicious activities.
This extra security layer is crucial due to past industry breaches and significant user fund losses resulting from insecure cross-chain infrastructure.
Galaxis will leverage Chainlink’s Verifiable Random Function (VRF) to ensure fairness in various applications across its ecosystem.
From provably, fair NFT reveals and lucky draws to the equitable distribution of utilities, the integration of VRF serves to enhance transparency and fairness within Galaxis’ operations.
The need for security in the Web3 space has become a huge concern as hacks and security breaches have become the order of the day.
In August 2023, Exactly Protocol (on Optimism), Venus Platform (on BNB Chain), SwirlLend (on Base and Linea), and Rocketswap (on Base) faced a combined security breach worth over $37 million.
Andras Kristof, the CEO of Galaxis, expressed enthusiasm about incorporating Chainlink’s secure Cross-Chain Interoperability Protocol (CCIP) into their platform.
This integration aims to facilitate the creation of token-gated community spaces on the Galaxis.
By utilizing the decentralized Chainlink Network, CCIP will enhance the overall cross-chain interaction for these communities on the Galaxis platform, resulting in a smoother experience.
