The Calaxy app redefines how creators and their fans interact, leveraging the power of the Hedera Hashgraph; a next-gen blockchain. Whether it’s through video calls, instant messaging, NFTs, or interactive polls, Calaxy offers fans a direct means of engagement with their favorite sports stars, musicians, influencers, and other creators through a more intimate experience that is free from the control of centralized social media conglomerates. Calaxy has had an exciting roadmap of announcements recently: Raised $7.5 million in investments to progress the ecosystem, also, announced its whitepaper, detailing plans to revolutionize Web3 social media, and last week, reported details of a public $CLXY token sale.
Korea IT Times interviewed Solo Ceesay, COO and Co-Founder of Calaxy who is a former Wall Street financier and graduate of the Wharton Business School. He discusses his entrepreneurship journey from legacy finance, as a former Securitization Investment Banker at Citigroup Global Markets, into the world of blockchain and crypto.
Tell us more about Calaxy and The Creator’s Galaxy Protocol
Calaxy was created by NBA Star Spencer Dinwiddie and former Wall Street Financier. Solo Ceesay with the aim of building a business model to help creators and influencers monetize their large fan bases, bringing tangible value to the social media space.
Calaxy is a platform built for creators, by creators — it envisions a decentralized future for this industry, recognizing that online content creators depend heavily on how their community or fan base values them and their work.
The Calaxy App, now in beta testing, is the first application built upon The Creator’s Galaxy Protocol which is a decentralized and permissionless protocol designed to be the standard for personal monetization. The Creator’s Galaxy Protocol allows creators to launch their own ‘Creator Tokens’ and ‘Non-Fungible Tokens’ (NFTs). It harnesses the cutting-edge blockchain alternative, Hedera. The Calaxy App provides an easy-to-use interface that allows creators to create their tokens and collectible items but also provides an ecosystem for these items to have utility. Be it via video calls, instant messaging or interactive polls, Calaxy offers fans a direct way to connect with their favorite sports stars, musicians, influencers and other creators in a more intimate relationship, free from the influence of centralized social media conglomerates.
What’s the progress on Calaxy’s development leading up to launch?
In July 2021, Calaxy completed a $7.5M USD funding round with investment from major crypto leaders such as Animoca Brands, RedBeard Ventures, ArkStream Capital, Hedera Hashgraph as well as from notable celebrities such as NFL star Ezekiel Elliott,
The Bachelor’s Matt James and more.
Calaxy also launched its whitepaper earlier this year, providing greater detail on the features and capabilities of the application and some of the talents pledged to be part of its rollout. Separately, The Creator’s Galaxy Protocol released its whitepaper which provides more details on the entire ecosystem including the Foundation, a DAO overseen by a number of notable celebrities and influencers, called ‘The Creator’s Council’, and other third-party applications.
To date, a number of creators have committed to and pledged their support to the ecosystem including singer-songwriter Teyana Taylor, NBA champion and Dancing with the Stars winner Iman Shumpert, WAGS Miami star Claudia Sampedro and social
media influencers Eric Struk, Chaz Smith, Chozus, and more. The Calaxy app is available for download in select markets and will be widely launched in 2022.
What’s the latest update on The Creator’s Galaxy Foundation $CLXY token sale?
Calaxy, on behalf of The Creator’s Galaxy Foundation, will launch 40M Calaxy ($CLXY) tokens for public sale on December 16, 2021. The token, which is the native currency used to power The Creator’s Galaxy ecosystem, will be available for purchase to non-US-based individuals and accredited US investors.
Registration for non-US persons is underway and will continue until 6 pm UTC on Wednesday, 15 December 2021. Interested individuals can visit TokenSoft.io to register for the token sale, which is due to commence on Thursday, December 16 at 6 pm UTC Accredited US investors will have the opportunity to buy tokens in Q1 2022.
