[Wu Blockchain News] Veteran Web3 Airdrop Platform Galxe to Shut Down After Serving 36 Million Users and 7,700 Projects
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Galxe will shut down its core Web3 quest and rewards services—Galxe Quest, Galxe ID and Galxe Passport—and shift its team and brand to its Layer 1 blockchain, Gravity, after more than five years of operation. The platform served 36 million users and over 7,700 partner projects during its run. New campaigns have been suspended, participation ends December 5 and reward claims close December 15, after which the website will become read-only. Gravity will continue operating and the G token will remain unaffected. The wind-down marks the end of one of Web3's longest-running airdrop and loyalty platforms, with attention now on whether Gravity can retain Galxe's user base and partner projects.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
Named in this story
Galxe, Gravity, G token