Introduction and Opening Remarks
The podcast kicks off with a warm welcome to the audience, where the host highlights some major announcements. A lot of updates are teased, specifically from the tech side, which promises significant advancements in the upcoming days. The tech team has been working diligently, and soon, a full report will be released to the public, with all the updates from GitHub integrated into a comprehensive summary.
The speaker also hints at new interactive quests that may be launched soon, featuring high-reward challenges to engage the community further.
Board Member Announcements: Strengthening Galactica’s Leadership
The host enthusiastically shares the news of two new high-profile board members joining Galactica. First, Rand Hindi, CEO and founder of Zama, is noted as a key leader in Web3 technology, bringing a wealth of knowledge and leadership. Second, Cyrus Fazel, CEO of SwissBorg, also officially joined the board. These additions are expected to enhance Galactica’s vision and influence within the blockchain and Web3 spaces.
There are plans to introduce the new board members via an all-encompassing video that will provide an overview of developments at Galactica.
Cypher University: Building a Decentralized Learning Hub
One of the central themes of the podcast is the expansion of Cypher University, Galactica’s decentralized education platform. The host urges the community to follow the Cypher University account for the latest updates. Cypher University aims to provide free education, with students earning credentials that will be stored on-chain through Soulbound Tokens (SBTs).
Recently, the community faction of Cypher University was launched, which allows participants to gain real-world skills in moderation and community management. Upon completion, successful participants will have verifiable proof of their skills, both off-chain and on-chain, making them more marketable for jobs that require community management expertise.
Tech Updates and Privacy Solutions: Galactica’s Unique Edge
The podcast emphasizes Galactica’s continued efforts to offer unique solutions within the Web3 space. The discussion covers the Galactica digital passport, a unique identity solution that differs from other digital identity offerings in Web3. Most importantly, Galactica’s approach focuses on both privacy and ownership, ensuring that users' personal information remains secure and private while offering a decentralized identity solution.
Galactica aims to solve a significant issue in Web3: the visibility of users' entire transaction history and financial details. Through its tech stack, Galactica ensures privacy by storing only zero-knowledge proofs on the blockchain, protecting sensitive data while still allowing verification.
Tokenomics and Future Plans
The host addresses community questions about Galactica’s tokenomics strategy, including inquiries about full unlock tokens and inflationary mechanisms. While there are no plans to adopt an unlock token approach similar to other projects like XBORG, the team at Galactica has a unique strategy. They view inflation as a necessary tool for the growing economy within the Galactica ecosystem, which aims to be more than just a financial platform. It is a space where identity, social assets, and real-world applications converge.
The team acknowledges the importance of balancing technical readiness with market conditions but emphasizes that the primary focus remains on ensuring a functional and secure launch.
Community Engagement and AMA
Throughout the podcast, the host interacts with community members, addressing a range of questions from the future of mobile integration for Cypherbook to the issuance of SBTs for new sentinels. Additionally, the challenges of creating a decentralized passport solution and the importance of protecting user data are discussed in depth.
The host also provides updates on various technical developments, including mobile-friendly integrations and ongoing work with Metamask and Telegram to enhance the user experience.
Closing Remarks