HomeNewsGalaxis Teams Up with Chainlink CCIP to Drive Cross-Chain Token-Gated Communities Amid...

Galaxis Teams Up with Chainlink CCIP to Drive Cross-Chain Token-Gated Communities Amid Regulatory Issues

- Advertisement -
  • Galaxis integrates Chainlink CCIP for secure and efficient cross-chain operability on both Ethereum and Polygon.
  • The move aims to enhance the creation of digital membership cards and to establish more interconnected token-gated community spaces.

Chainlink’s CCIP: The Core of Galaxis’ Cross-Chain Ambition

Galaxis, a frontrunner in the Web3 domain, has taken an exhilarating step by incorporating Chainlink’s Cross-Chain Interoperability Protocol (CCIP) across major platforms – Ethereum and Polygon. This strategic move is anchored on CCIP’s outstanding arbitrary messaging functionality, which is pivotal for crafting cross-chain digital membership cards. These cards will pioneer fluid token-gated community arenas throughout the burgeoning Web3 ecosystem.

Diving into the specifics, why would Galaxis, with its groundbreaking approach, opt for Chainlink’s CCIP? The rationale is both layered and persuasive:

  • Robust Track Record: Chainlink, with its impeccable reputation in the Web3 realm, offers CCIP – an epitome of security and reliability. It stands bolstered by the Risk Management Network, an autonomous entity persistently overseeing cross-chain operations to detect and deter dubious activities. This vigilance is essential, especially considering the past vulnerabilities leading to multi-billion dollar losses within the industry.
  • The Galaxis Offering: Focused on delivering visually arresting, dynamic digital membership cards, Galaxis equips communities to bestow unique access and privileges to their members. From launching token-gated communities equipped with their dedicated marketplaces to tools like the ‘Sticker Book’ – Galaxis empowers its users to embed real-world utility and values into their spaces.
- Advertisement -

Galaxis’ meticulous hunt for a resilient interoperability solution culminated with Chainlink’s CCIP, primarily due to its multifaceted advantages:

  • Historic Security and Dependability: CCIP, powered by Chainlink’s decentralized oracle networks, safeguards vast financial assets, having facilitated over $8 trillion in on-chain transactions. Its Risk Management Network and Smart Execution features further amplify its defensive mechanisms.
  • Smooth Incorporation: Developers find solace in CCIP’s unified cross-chain development experience, necessitating just a single integration of the CCIP Router for crafting secure cross-chain applications.
  • Forward Compatibility: Designed to accommodate regular updates, CCIP stands ready to integrate emerging blockchains, infuse advanced functionalities, and adopt evolving security measures.

Galaxis’ Vision with CCIP

Integrating CCIP has propelled Galaxis closer to its aspiration of emerging as a genuine multi-chain platform. With its core foundations spanning Ethereum and Polygon, community founders initiate their ventures on the Ethereum mainnet, leveraging their unique Galaxis Launchkey. Galaxis, with the support of CCIP, executes on-chain commands to instantiate these communities on the desired chain, all within a single transaction. The capability extends to the smooth transfer of tokens across the supported chains.

>> Buy Chainlink quickly and securely with PayPal, credit card or bank transfer at eToro with low fees and deposit protection. Get started with LINK now. Visit Website <<

- Advertisement -

In tandem with CCIP, Galaxis also harnesses the potential of Chainlink’s Verifiable Random Function (VRF), essential for driving transparent NFT releases, fortuitous draws, and a plethora of other functionalities within the Galaxis ecosystem.

Endorsing the integration, Andras Kristof, the CEO of Galaxis, articulates,

“By amalgamating the unparalleled security of Chainlink’s CCIP, we aim to revolutionize cross-chain token-gated community spaces on Galaxis, courtesy of the decentralized Chainlink Network. This partnership paves the way for an unparalleled cross-chain experience for our communities.”

Best Crypto Exchange for Everyone:

  • Invest in Chainlink and 70+ cryptocurrencies and 3,000 other assets.
  • 0% commission on stocks – buy in bulk or just a fraction from as little as $10.
  • Copy top-performing traders in real time, automatically.
  • Regulated by financial authorities including FAC and FINRA.

2.8 Million Users

Get Started


- Advertisement -
ETHNews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. ETHNews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
Collin Brown
Collin Brown
Collin is a Bitcoin investor of the early hour and a long-time trader in the crypto and forex market. He's fascinated by the complex possibilities of blockchain technology and tries to make matter accessible to everyone. His reports focus on developments about the technology for different cryptocurrencies.
- Advertisment -spot_img