According to Foresight News, Gravity, a hybrid on-chain exchange, has completed its seed funding round with participation from investors including ABCDE, Longitude China, Delphi Digital, and C² Ventures. Gravity plans to launch its testnet in the fourth quarter of 2023 and its mainnet in the first quarter of 2024.

Gravity is an on-chain trading platform that uses an order book model, offering options and futures trading. It employs Validium technology to ensure that each user's transactions are invisible to other users on the chain.