Exclusive: Galxe Set To Launch a Permissionless Self-Sovereign Identity Infrastructure, Galxe Protocol

cryptonews.com:

In a confidential revelation to cryptonews, Galxe, a pioneering Web3 community development platform, has declared the imminent launch of the Galxe Protocol, a permissionless self-sovereign identity infrastructure set to reshape the landscape of digital identities.

Having distributed over 100 million credentials to more than 12 million unique users through reward-driven campaigns and blockchain-based loyalty initiatives since its establishment in 2021, Galxe is now poised to introduce an innovative framework that empowers users with comprehensive control over their private data and identities, fundamentally transforming the issuance and validation of credentials in the realm of Web3.

Announced on August 28, the Galxe Protocol represents a fusion of advanced zero-knowledge proof methodologies and verifiable credentials, effectively redefining the concept of self-sovereign identity.

"Galxe Protocol reimagines self-sovereign identity by integrating cutting-edge zero-knowledge proof techniques with verifiable credentials,” explained Yumin Xia, Galxe's Chief Technology Officer.

He continued, “our extensive experience on galxe.com, overseeing the issuance and verification of millions of credentials, served as the catalyst for this design. Our aim is to create a decentralized, privacy-centric, and user-focused digital realm."

The Galxe Protocol is an ingenious system that empowers individuals to own, manage, and exchange verifiable credentials securely.

Addressing the issue of fragmented credential data across disparate databases owned and regulated by applications, government bodies, financial institutions, and credit organizations, Galxe envisions an open and cooperative credential data network.

This ecosystem will enable Web3