Galactica Network

TL;DR: Galactica.com’s Identity Virtual Machine (IVM) introduces a new core primitive for Web3 dApps: actionable identities. While the Ethereum Virtual Machine (EVM) computes public balances, the IVM is built to compute over normalized, encrypted private data, unlocking data monetization and privacy for users. Galactica: The Community-Owned Layer 1 for Digital Identity & Reputation! Imagine a Layer 1 blockchain that puts 80%+ of its total supply in the hands of the community — that’s Galactica. With cutting-edge tech, including the Identity Virtual Machine (IVM), Galactica is positioned to power a digital revolution in privacy, data ownership, and Web3-enabled digital identity. Data is the new gold. Over the last two decades, data has fueled the most profitable businesses in history, and it’s set to become the world’s most valuable commodity as the AI race heats up. Galactica’s Identity Virtual Machine (IVM) brings data ownership and monetization directly to users, redefining how they interact with dApps and AI. So, what exactly is the Identity Virtual Machine (IVM)? Unlike Ethereum's EVM, which only handles public address balances, the IVM can compute over encrypted, private data using advanced cryptographic methods like Zero-Knowledge Proofs (ZKP) and Fully Homomorphic Encryption (FHE). This allows users to: Monetize their data on their terms, deciding which dApps can use it. Enable dApps to build user-centered experiences, bringing Web2-like personalization to Web3. Support AI applications that rely on user data as an asset — but in a private, verifiable way. Plus, the IVM enables groundbreaking use cases: sovereign AI agents, undercollateralized lending, real-world assets (RWAs), and even the foundation for blockchain-native social and political institutions, essential to a sovereign internet.