2 years ago
Project Galaxy, a mode to rethink however integer credentials are handled successful the adjacent procreation of the internet, has closed a $10 cardinal backing circular co-led by Multicoin Capital and Dragonfly Capital.
The mode the existing net has evolved, our information is segregated crossed galore antithetic applications and services, specified arsenic behavioral information collected by Google and Facebook, oregon our recognition histories connected scoring websites and authorities agencies. An aggregate information furniture connected and incentivized successful specified a mode that applications tin query it is lacking, said Project Galaxy co-founder Harry Zhang.
“You don’t ain that data, these large companies and services are monetizing it,” said Zhang successful an interview. “But since we are successful a Web 3 satellite now, we tin usage unfastened permissionless blockchain exertion and yet person the accidental to physique the infrastructure for this aggregated furniture of credential information that’s accessible to each developers successful Web 3.”
Project Galaxy, which is unrecorded and successful use, manages the largest credential information web successful Web 3 – a re-architecturing of the existing Web 2 world, leaning towards decentralized statement mechanisms, alternatively than a fistful of monolithic platforms.
Structurally, Project Galaxy looks and functions precise akin to The Graph. There are credential contributors, curators and consumers. “The Graph is 1 of the information sources successful our infrastructure,” Zhang said. “You tin taxable these sub-graph queries truthful that they tin crook them into our credential data, which they volition gain connected our network.”
Participants who lend information to Project Galaxy, oregon curate information connected the strategy tin gain wealth erstwhile that information is queried and used. This could beryllium backstage information astir an idiosyncratic oregon it could beryllium nationalist information curated from the blockchain realm, oregon from Web 2 applications similar Twitter, TikTok oregon GitHub, Zhang explained.
“We are gathering this precise permissionless and unfastened infrastructure and we don’t privation to restrict immoderate usage case,” Zhang said. “For now, the absorption is connected the broadside of loyalty programs, maturation hacking campaigns, possibly recognition scoring successful the adjacent future, and we besides person a fig of projects utilizing america to customize voting systems.”
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Ian Allison is simply a elder newsman astatine CoinDesk.
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