Introduction and Technical Glitches

The latest AMA session started with a few technical hiccups, but the host, quickly got things on track, welcoming an enthusiastic audience. The session was packed with updates, exciting announcements, and a roadmap that promises significant developments in the coming weeks. The audience, which included familiar names from previous sessions, was eager to hear about Galactica’s progress.

Recap of Last Week’s Updates

The AMA began with a recap of the previous week’s developments. One of the key highlights was the introduction of the IVM narrative for Web 3. This is part of Galactica’s ambition to become a layer-one blockchain that allows users to compute over encrypted data without compromising privacy. With advanced technologies like zero-knowledge proofs (ZKPs) and fully homomorphic encryption (FHE), Galactica offers users the ability to manage and monetize their own data securely. The IVM analogy underscores the platform’s goal of creating a sovereign, privacy-respecting identity system for both individual users and institutions.

Upcoming Announcements and Events

The host hinted at a series of big announcements over the next few weeks. These will include new quests, partnerships, and other updates. While specific details were scarce, the excitement was palpable, as these announcements are expected to drive growth and interest in the Galactica ecosystem. The AMA audience was advised to stay tuned as major updates could drop any day, adding further momentum to the platform's rapid development.

Beta Release of the Cypherbook

One of the most anticipated announcements was the beta release of the Cypherbook. Originally scheduled for an October release, Galactica decided to move forward with a bare-bones beta, allowing the community to participate in testing and providing feedback. The platform, which is still in its early stages, includes the Soul Matrix and its first quest. While the current version is minimal, it offers users a chance to earn reputation points and engage in the development process. This decision to build in public aligns with Galactica’s philosophy of community engagement and transparency.

New Quests and Features

Looking ahead, Galactica will be releasing a full quest system over the next few weeks. This will feature up to 20 new quests, including onboarding, referrals, Cypher University initiatives, and more. The Data Guardian and xData integration were also highlighted as upcoming features. Users will be able to prove certain information on-chain while maintaining their privacy, a key selling point of the platform.

Focus on Feedback and Community Engagement

Galactica is actively seeking feedback from its community, with the host encouraging critical (but not overly harsh) feedback on the Cypherbook and other developments. The goal is to improve the user experience and ensure that the platform evolves based on real user input. Additionally, users were invited to join the Cypher University X account, which will be the central hub for community interactions and announcements. This move reflects Galactica’s shift toward fostering a more interactive and supportive community.

Roadmap and Tokenomics

The roadmap for Galactica remains fluid, but the target for the mainnet release is either Q4 2023 or Q1 2025. The tokenomics, which have been designed to be fair and community-focused, are available on the website. The host emphasized that the project’s fundraising efforts will continue, with a combination of community and select venture capital (VC) involvement.

Strategic Partnerships and AI Integration

Galactica’s strategic partnerships were another focal point. The platform has partnered with Third Web to enable developers to build decentralized apps (dApps) on the Galactica testnet using no-code tools. This opens the door for users without any technical experience to contribute to the ecosystem by creating apps, tokens, and even NFT marketplaces. Additionally, Galactica has partnered with AI companies, including Zama, which specializes in privacy-preserving AI tools. The ability to distinguish between humans and AI on the platform is seen as a groundbreaking feature, especially as AI continues to evolve.

Privacy, KYC, and Data Monetization

One of the most innovative aspects of Galactica is its approach to privacy and Know Your Customer (KYC) processes. The platform allows users to hold their KYC data and publish selective proofs on-chain, maintaining control over their identity. This system ensures that users can prove they are unique and human without exposing unnecessary information. The potential for users to monetize their data securely and privately through FHE was also discussed, with companies willing to pay for verifiable data while respecting user privacy.

Conclusion and Final Thoughts