Bitcoin utility adoption propelled through collaboration between VerifiedX and Galxe
In a significant move to expand the reach of decentralized finance (DeFi) tools, VerifiedX Network and Galxe have announced a two-year collaboration aimed at attracting more than a million daily users.
Known as a well-established player in the Web3 onboarding space, Galxe has previously collaborated with major industry names. This new partnership marks an exciting step towards enhancing digital asset literacy worldwide.
VerifiedX, a universal layer-1 blockchain and a Bitcoin-specific sidechain, popularly known as a reliever chain, shares a mission similar to Galxe - self-custodial empowerment and user-friendly access to digital financial tools.
The strategic collaboration between the two entities is designed to streamline user onboarding with one-click, non-custodial wallet features. This will help reduce barriers to entry and minimize ownership costs, making DeFi more accessible to the masses.
The partnership will introduce an exclusive VerifiedX quest series on the Galxe platform. The quest series, scheduled to launch on May 28, 2025, will educate users about the VFX SwitchBlade Wallet and guide them through practical on-chain tasks.
The quest-based incentive structure of the collaboration is intended to accelerate the mass adoption of DeFi tools. Users can participate in the quest series to earn monthly rewards and loyalty points.
Moreover, the collaboration offers Galxe users an opportunity to explore programmable features for Bitcoin and tokenized assets. This will allow users to save, spend, borrow, and vault digital assets like Bitcoin and VFX funds directly on VerifiedX.
The VerifiedX Network has also entered into a longer collaboration with TikTok to attract more users. This partnership is part of VerifiedX's goal to support tokenized self-custody, secure on-chain storage, and peer-to-peer commerce involving both digital and physical assets.
The native coin of VerifiedX is VFX, accessible within the wallet or through the BitMart exchange. The collaboration between VerifiedX and Galxe aims to enhance digital asset literacy among users worldwide and streamline the adoption of DeFi tools.
