Galxe Unveils Starboard – $5M Rewards Pool Targets Real Web3 Impact
Galxe is setting sail with Starboard, a new platform designed to help Web3 projects identify and reward their most active contributors, according to a May 28 X post. Web3 marketing today is fragmented. Let’s fix this.Int...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Galxe is setting sail with Starboard, a new platform designed to help Web3 projects identify and reward their most active contributors, according to a May 28 X post.
Web3 marketing today is fragmented. Let’s fix this.
Introducing Galxe Starboard pic.twitter.com/u9buUUesbE
In a press release shared with CryptoNews, Galxe explained that the platform combines on-chain and off-chain analytics to identify the most engaged community members, offering tools to distribute rewards more effectively and fairly.
So far, more than 20 crypto projects have joined the initiative, contributing over $5 million to a shared rewards pool.
Plume, 0G Labs, and Dango Join $5M Reward PoolThe launch of Starboard is backed by several emerging crypto projects. Plume, a blockchain focused on tokenizing real-world assets, has contributed $450,000 to the rewards pool.
DeFi project Dango is allocating 1% of its total token supply, while 0G Labs, which is building a decentralized AI operating system and recently raised over $350 million, is contributing more than $100,000.
These projects, along with others, are using Starboard as a way to reach users who add real value to their networks.
By pooling funds into Starboard, these teams plan to reward users not just for showing up but for actions that drive growth, such as participating in protocols, generating volume, or contributing through content and community efforts.
Tracking Real Impact in Web3 CommunitiesThe firm explains that what makes Starboard different is its focus on both off-chain and on-chain user activity. It can assess the value of a user’s social media engagement, as well as their impact on blockchain metrics like transaction volume or liquidity provided.
This makes it easier for teams to identify who is genuinely helping their projects and allocate rewards accordingly. According to Galxe co-founder Charles Wayn, the goal is to make community building more efficient by focusing on data that reflects actual contribution.
Starboard is built on lessons learned from Galxe’s earlier Quest platform, which brought millions of users into Web3. Now, with more detailed tracking and analysis, Galxe is offering a tool that could help newer projects avoid the pitfalls of inflated metrics and instead focus on sustainable growth.
As more projects look to build lasting user bases, Starboard provides a structured way to reward the people who matter most—those who are actively shaping and supporting the ecosystems they believe in.
Galxe Announces Gravity: A Layer 1 BlockchainIn a recent interview with Cryptonews, Harry Zhang, the CEO and co-founder of Galxe, shared news on the launch of Gravity, Galxe’s Layer 1 blockchain.
Gravity seeks to solve the challenges of chain fragmentation and user experience by connecting various blockchains and abstracting away complex interactions.
“The Gravity Alpha mainnet is going to be launched in two weeks, and we’re very excited about it,” Zhang announced. “Gravity really aims to become this layer one blockchain designed for mass adoption and connects all the chains out there.”
Layer 1 blockchains, such as Ethereum and Solana, have grown substantially. Ethereum alone processes over 1 million transactions daily and secures billions in value across decentralized applications.
The post Galxe Unveils Starboard – $5M Rewards Pool Targets Real Web3 Impact appeared first on Cryptonews.
Why this matters
This blockchain story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Canton Coin Is a ‘Digital Commodity,’ SEC Staff Say in Letter Covering Network Rewards
Minting Canton Coin (CC) as network rewards without registering it under the securities laws won’t draw an SEC staff enforcement r...
Claude AI Predicts “Operation Meridian” for Ripple: Can XRP Really Hit $40?
Anthropic’s Claude AI predicts that, if a completely hypothetical “Operation Meridian” rolls out for Ripple, XRP USD could hit inc...
Standard Asset Company outlines $1.5 billion Bitcoin and UAE real estate strategy
SAC's strategy could redefine investment norms by blending traditional real estate with digital assets, impacting market dynamics...
Coinbase Explains Multi-User Architecture as Crypto Accounts Become More Complex
TL;DR: Coinbase published an engineering account of its move toward multi-user infrastructure on October 29, describing how one ac...
Bitwise and Coinbase executives back CCIP’s split model for real-world blockchain use
CCIP's adoption by major players like Coinbase and BitGo highlights its potential to reshape blockchain security and interoperabil...
Two Prime CEO Calls Bitcoin Yields From Babylon and Stacks ‘VC-Funded Subsidies’
Alexander S. Blume, CEO and co-founder of bitcoin lender and asset manager Two Prime, said yields from what he called bitcoin laye...