<img src=\" /U4NdBR2yUK
— Galxe (@Galxe) April 11, 2024
You might also like: Uniswap nosedives 16% on news of Wells notice
The protocol simplifies the creation of new credentials in a no-code environment. It streamlines the credential issuance process through an aggregation mechanism that allows for minting a Soulbound token.
The protocol’s framework supports various applications, including the prevention of Sybil attacks, decentralized reputation and credit systems, a personal data market, secure identity verification methods, decentralized review systems, and transferable achievement systems. The flexibility aims to enhance the utility and value of user achievements across different ecosystems.
Galxe, a company in the web3 infrastructure and digital identity network, supports this initiative with a suite of products that include Galxe Quest, Galxe Passport, Galxe Score, Galxe Compass, and Alva, promoting the development of web3 applications.
Read more: Demand appears to have outpaced issuance as Bitcoin halving nears