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...
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.
Original source
Read on CryptonewsRelated market context
VanEck Bets BNB’s Real-World Usage Can Help Its ETF Stand Out
TL;DR VanEck is positioning its VBNB spot BNB ETF around BNB Chain usage and revenue metrics. The ETF reportedly has around $2 mil...
Kraken Enables USDCx Deposits And Withdrawals On Canton Network
TL;DR Kraken has enabled deposits and withdrawals of USDCx on Canton Network. USDCx is backed 1:1 by USDC held in Circle’s xReserv...
Real Madrid seeks special role for Luka Modric after retirement, and crypto has a cameo
Modric's post-retirement role at Real Madrid highlights the growing trend of athletes transitioning to influential positions, impa...
Alisson Becker’s viral save moment highlights the gap between sports hype and crypto market reality
The persistent disconnect between sports events and crypto market movements highlights challenges in linking real-time sports to c...
Craig Gordon becomes oldest player at 2026 World Cup as crypto firms bet big on FIFA’s expanded tournament
The 2026 World Cup's crypto partnerships could redefine sports sponsorship, testing blockchain's scalability and NFT market maturi...
SpaceX’s IPO exposes the first crack in tokenized stocks – fragmented ownership and allocation
SpaceX priced its IPO at $135 per share on June 11, raised $75 billion in the largest public offering in history, and opened on Na...