Blockchain Press Releases
Social Marketplace Calaxy Launches To Revolutionize Creator Monetization in $250 Billion Creator Economy
Calaxy offers an innovative toolkit that empowers content creators to build personal economies and fans to connect directly with celebrities
LOS ANGELES, Aug. 10, 2023 /PRNewswire/ — Calaxy, a next-generation social marketplace, has successfully launched its application, ushering in a new era of creator monetization. The application helps creators professionalize their passions and generate revenue from content by providing a one-stop shop for them to offer experiences to their community.
A $250 billion market, the creator economy is one of the fastest-growing sectors of the internet, with an estimated 200 million content creators participating. Despite rapid growth, infrastructure has remained stagnant, leaving creators struggling to monetize as they’re trapped between algorithms and reliance on brand deals. The launch of Calaxy redefines the market, empowering creators with an equitable social media model that allows them to better capture the value they create. With the opportunity to price their offerings, Calaxy enables creators to cut out costly intermediaries and instantly receive payment directly from fans on delivery of the requested experience.
Solo Ceesay, CEO and Co-Founder of Calaxy, said: “Having embarked on this journey over three years ago with my co-founder, Spencer Dinwiddie, the Calaxy app launch is the realization of the team’s collective vision to establish a new order for the creator economy. Launching Calaxy is a major step towards this goal and means that fans and creators can finally experience what we have long been shouting for: an intuitive platform where they can build a successful, personalized economy.”
Powered by blockchain technology, the social media platform provides creators with an end-to-end toolkit to build community, sell a range of experiences, and receive an instant payout. From video calls, exclusive fan content, and shout-outs, creators across industries are able to customize their experiences to effectively engage their audience on their terms. Designed from the ground up for simplicity, the application features a home feed to connect with the platform’s community, as well as an “experience scroll” where users can discover tailored experiences offered by their favorite creators.
Each Calaxy user will be able to quickly set up a non-custodial Calaxy wallet through which they can send, receive, and store cryptocurrencies. As a core offering, the Calaxy wallet has been carefully designed for users with no prior experience in crypto markets, helping to educate users and lift the mainstream entry barriers currently plaguing the industry.
Spencer Dinwiddie, Executive Chair and Co-Founder of Calaxy, said: “After three years of non-stop teamwork, Calaxy is finally here, and sitting right at the core of THE creator economy. We’ve done the research, raised the money, and taken the time to build a product with the capability of revolutionizing this industry. By giving creators the tools they’ve been calling out for and a professionalized platform to build their economies, Calaxy allows them to continue to do what they love while being remunerated adequately. Calaxy is the answer to many of the challenges contemporary influencers are plagued with today.”
A host of creators including Soccer Star Luis Suarez, YouTube and Tik-Tok Star Eric Struk, WWE’s Mickie James and Model Tiana Musarra, are slated to go live on the Calaxy platform with many heavy-hitting celebrities including The Bachelor’s Matt James, and NFL star Ezekiel Elliott due to offer experiences in the coming months, as well.
Foye Oluokun, NFL Star, said: “Despite the hectic schedules we work within, prioritizing contact and facetime with fans is still hugely important to us, which is why I’m really excited about Calaxy. Calaxy’s creator-first strategy is attracting an incredible range of professional and non-professional athletes – all of whom recognize its capability to deepen fan engagement. To be a part of this experience from the outset and have the ability to connect directly with my community is something very special. I finally have the chance to offer my fans the meaningful content they deserve – and having their support along the way definitely helps my performance. Let’s go score some points.”
Under the hood: Calaxy is built on the Hedera network, a leaderless proof-of-stake blockchain alternative powering the next generation of Web3. Calaxy shortens not only the distance between fans and creators but also removes barriers between creators and their payouts. Each creator experience is backed by an NFT on the Hedera network that is publicly verifiable on chain, and can be purchased by users with either fiat or crypto (USD or USDC), while funds earned by creators can be paid out in the form of fiat or crypto (USD or USDC).
The Calaxy app launch comes following a successful $26M funding round for the company and the appointment of Solo Ceesay as CEO in June 2022. Calaxy previously closed a strategic raise of $7.5M in July 2021 and is backed by Web3 industry leaders including The HBAR Foundation, Animoca Brands, and Polygon.
Solo Ceesay, CEO and Co-Founder at Calaxy, is available for interview.
About Calaxy
Calaxy is a next-generation entertainment marketplace redefining the creator-fan relationship. Built and backed by a team of visionaries, and spearheaded by co-founders NBA player Spencer Dinwiddie and tech entrepreneur Solo Ceesay, Calaxy is an entirely new approach to the world of content creators, putting today’s fan right at the center of the action.
Utilizing the Hedera network, a leaderless proof-of-stake blockchain alternative powering the next generation of Web3, and built on The Creator’s Galaxy Protocol, the Calaxy application is reimagining the way people use social media. By creating a fair exchange of value, the application allows creators to monetize relationships with their community through a suite of personalized experiences. This empowers more meaningful fan connections and ushers in limitless capability for the $250 billion Creator Economy.
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Blockchain Press Releases
MEXC Announces Listing of Hyperlane (HYPER) with a 165,000 HYPER and 50,000 USDT Prize Pool
VICTORIA, Seychelles, April 21, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, announced the Hyperlane (HYPER) listing on April 22, 2025(UTC).To celebrate this significant addition to the exchange, MEXC is launching a special event with a prize pool of 165,000 HYPER and 50,000 USDT for new and existing users.
Hyperlane is the first permissionless, universal interoperability protocol dedicated to building a truly open and decentralized cross-chain communication infrastructure. As “The Open Interoperability Framework,” it enables anyone to freely expand, utilize, and customize the network, allowing developers to easily and securely build cross-chain applications and token bridges. To date, Hyperlane has connected over 140 blockchains, processed nearly 9 million cross-chain messages, and bridged more than $6 billion in volume through its Warp Routes.
$HYPER is the native token of the Hyperlane ecosystem, with an initial total supply of 1 billion tokens. It plays a critical role in securing the protocol through staking, rewarding validators for verifying cross-chain messages, incentivizing user-driven activity, and enabling community governance over protocol development.
To celebrate the listing, MEXC will launch an Airdrop+ event with substantial rewards for users:
Event Period: April 21, 2025, 10:00 – May 01, 2025, 10:00 (UTC)
Benefit 1: Deposit and share 120,000 HYPER (New user exclusive)
Benefit 2: Spot Challenge — Trade to share 15,000 HYPER (For all users)
Benefit 3: Futures Challenge — Trade to share 50,000 USDT in Futures bonus (For all users)
Benefit 4: Invite new users and share 30,000 HYPER (For all users)
MEXC has established itself as a leading exchange by consistently offering users early access to high-potential crypto assets. In 2024 alone, the platform listed 2,376 new tokens, including 1,716 initial listings. According to the latest TokenInsight report, MEXC led the industry with 461 spot listings between November 1, 2024, and February 15, 2025. During this period, the exchange maintained a high listing frequency, consistently ranking among the top six platforms, demonstrating its agility in capturing emerging market trends. MEXC will continue to expand its asset offerings and help users seize timely opportunities in the fast-moving crypto market.
For full event details and participation rules, please visit here.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
Risk Disclaimer:
The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.
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Blockchain Press Releases
Introducing Clementine Bridge: Citrea Deploys First Complete BitVM Bridge Design on Testnet
Citrea’s Clementine Bridge marks the first time that a fully programmable layer is tested for settling on Bitcoin.
GEORGE TOWN, Cayman Islands, April 21, 2025 /PRNewswire/ — Citrea, the first ZK rollup to enhance capabilities of Bitcoin blockspace and enable Bitcoin applications (₿apps), has successfully deployed its Clementine Bridge, the first complete BitVM bridge design on Bitcoin Testnet. Citrea has also recently revealed Clementine’s whitepaper, marking the first real-world implementation of a BitVM-based bridge which extends BTC’s utility to decentralized finance in the most Bitcoin-secured and native way possible. With Clementine’s testnet deployment, Bitcoin is for the first time tested for optimistically verifying a fully programmable layer. The Clementine whitepaper is currently the only documentation of how to use BitVM in a bridge design with clear solutions toward a secure and efficient bridge implementation.
Despite being the world’s largest digital asset, BTC has struggled to build relevance in decentralized finance. A secure bridge between Bitcoin and a secondary layer has always been a bottleneck for using BTC in a programmable environment. This problem has forced users to either keep Bitcoin as a passive store of value or rely on custodians for using BTC in financial activities. Citrea’s BitVM-based Bitcoin bridge Clementine solves this by enabling the safest and most trust-minimized way to bridge BTC and extend its utility to decentralized finance.
Citrea’s Clementine bridge marks a historic moment for Bitcoin and a new beginning for BTC’s utility. “It felt like magic when we saw all the bridge components work smoothly in our internal tests and that any malicious act is stopped by a single honest actor,” said Ekrem Bal, Co-Creator of Citrea. “We’re now ready to test Clementine in a real Bitcoin Testnet environment and make it more battle-tested for Citrea mainnet.”
With the introduction of BitVM by a Bitcoin developer Robin Linus, verifying computations on Bitcoin and building Bitcoin-secured bridges became a possibility. Very soon after its introduction, Citrea team became a core contributor of BitVM and later a founding member of BitVM alliance, where BitVM’s fundamental technology of executing a fraud proof of a zero-knowledge (ZK) proof on Bitcoin was developed collaboratively. Although accomplishing a ZK proof verification on Bitcoin was a prerequisite, there were still critical problems to address to implement this fundamental technology securely and efficiently into a Bitcoin bridge design. A detailed breakdown of this can be found in Clementine’s whitepaper.
Clementine’s design and whitepaper introduce novel solutions to two main research topics in BitVM-based bridge implementation, namely Bitcoin chain fork selection and capital efficiency of operators. These topics have been critical to solve as they ensure both the bridge’s security and efficiency. Citrea’s Clementine bridge offers clear solutions to both of these problems:
- Bitcoin Chain Fork Selection: This is related to ensuring that the bridge follows the longest Bitcoin chain. It has been an open research topic where the BitVM creator introduced superblocks approach but its security was later found to be broken. Citrea introduces a new Bitcoin Light Client design that uses succinct Header Chain Proofs of Bitcoin. These proofs are aggregated by operators into a single BitVM proof.
- Capital Efficiency of Operators: This has been another limitation of implementing BitVM efficiently into a bridge design. With Citrea’s approach to non-standard Bitcoin transactions, operators can now process hundreds of withdrawals in parallel with a single collateral. Disproving only one withdrawal is enough to stop other malicious withdrawal processes.
Clementine’s design relies on zero-knowledge proofs, Bitcoin data availability, a novel Bitcoin Light Client design and BitVM. In the case of a malicious act, an honest watchtower provides a proof of the longest Bitcoin chain. Then the operator generates a proof verifying Citrea’s state, watchtowers’ challenges and payout for the withdrawal. If the operator is malicious, it won’t be able to generate such proof, resulting in slashing the operator. Clementine has three main bridge actors to ensure the system’s integrity:
- Signers enforce BitVM spendings by managing peg-ins through presign transactions
- Watchtowers are tasked with monitoring operators and challenging any malicious behavior by sending a proof of longest Bitcoin chain
- Operators, a group of profit-seeking entities, temporarily cover users’ withdrawals and are later reimbursed with presigned transactions.
Citrea: Bitcoin’s Application (₿app) Layer
Citrea extends Bitcoin’s utility without sacrificing its security. With zero-knowledge technology, Citrea enables Bitcoin to function as a fully programmable layer. With its Bitcoin bridge Clementine, Citrea offers the safest and most trust-minimized way to bridge BTC to a fully programmable secondary layer.
For the first time in its history, Bitcoin Network will be able to support diverse on-chain applications and its utility will be extended to decentralized finance.
Apply to Citrea’s unique incubation program ‘Citrea Origins‘ to build ₿apps.
For more information, please visit: Citrea website | Citrea X Account
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PANAMA CITY, April 21, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, announces the listing of EPT, the native token for Balance.fun, for both spot trading and also on the BingX Xpool. The spot listing will commence on April 21 at 12:00 (UTC) while the Xpool launch will start on April 22 at 10:00 (UTC). BingX users can stake BTC and EPT in Xpool, though new users will have an additional option to stake USDT to win a bigger share of the reward pool that includes 2,000,000 EPT Points. The first 1000 new users who stake a minimum of 100 USDT will also be able to earn an additional bonus voucher worth 100 USDT.
EPT is the governance token of Balance, an AI-powered web3 experience infrastructure designed for the masses. This new digital asset will fuel the new Balance Platform to create an open and inclusive gaming ecosystem for both gamers and developers with fairness at its core. With the integration of AI and blockchain technology, games can be built and marketed more easily while allowing players to benefit from the enhanced and diversified gaming experience.
Users of the existing Epal platform can transfer their EPT tokens to BingX, enabling a reliable method to trade EPT or, alternatively, purchase EPT for governance purposes. Having a solid exchange to further explore the vast world of cryptocurrencies, this new listing further empowers both Epal and Balance users in the process.
Vivien Lin, Chief Product Officer of BingX, shared her thoughts on the new trading option and Xpool listing: “I think providing users with these new trading and early investment options is our responsibility as a responsible cryptocurrency exchange since some of our users rely on us to introduce such projects with such numerous functions across multiple subcategories”.
Visit bingx.com to join the Xpool starting April 22 and start trading EPT on spot from April 21. Whether you’re a gamer, builder, or crypto enthusiast, this is your chance to be part of a new decentralized chapter in entertainment.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information, please visit: https://bingx.com/
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