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Blockchain Press Releases

Social Marketplace Calaxy Launches To Revolutionize Creator Monetization in $250 Billion Creator Economy

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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.

View original content:https://www.prnewswire.co.uk/news-releases/social-marketplace-calaxy-launches-to-revolutionize-creator-monetization-in-250-billion-creator-economy-301898360.html

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Blockchain Press Releases

aelf Leads the Fusion of AI and Blockchain to Shape the Future of Technology

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Singapore-based blockchain pivots to artificial intelligence to unlock new frontiers in blockchain efficiency, scalability, intelligence, and security; and deploys $50 million ecosystem fund to support the AI transformation initiatives.

SINGAPORE, April 12, 2024 /PRNewswire/ — In a transformative move for the blockchain industry, aelf, a pioneering blockchain network, has announced its strategic shift to integrate artificial intelligence (AI) within its blockchain. This significant leap forward marks the beginning of a new phase for the aelf blockchain, transitioning from a decentralised network to a vibrant ecosystem enriched with state-of-the-art AI models and agents, broadening its functionalities and enriching user experiences.

“The integration of computation, LLM (large language model) and agents within the aelf’s blockchain is not just an enhancement; it’s an evolution,” stated Auric, Founder of aelf. “7 years ago, we have identified blockchain’s future and been relentlessly developing modular systems, parallel processing, cross-chain bridges and cloud-native architecture, which are now what the industry has been talking about. Now, we envision AI as the next catalyst for the future of blockchain and are determined to be the first in Asia to bring this evolution to fruition. This AI transformation is about cultivating a self-evolving system—a smarter, self-learning blockchain where each new block is more advanced than the last.”

To nurture and accelerate the convergence of AI and blockchain, aelf Ventures, aelf’s investment arm, will be strategically deploying its $50 million Ecosystem Fund to support innovative AI initiatives seeking blockchain enablement. With the roll-out of developer-friendly toolkits, aelf will further catalyse this AI blockchain innovation by empowering the community to utilise those new technologies for data pre-processing, model training, fine-tuning and deployment, agent development, on-chain deployment and monetization with the aelf blockchain environment.

Existing projects and games on the aelf blockchain are set to integrate these AI capabilities while new projects will benefit from aelf’s robust foundation, offering a dynamic and responsive blockchain ecosystem that delivers enhanced efficiency, strengthened security protocols, and sophisticated intelligent automation.

This AI transformation embodies aelf’s commitment to fostering an environment of continuous innovation and maintaining its position at the forefront of blockchain technology. With a steadfast dedication to expanding its capabilities, aelf remains focused on generating user-centric value and propelling the entire blockchain domain forward.

About aelf

aelf, the pioneer Layer 1 blockchain, features modular systems, parallel processing, cloud-native architecture, and multi-sidechain technology for unlimited scalability. Founded in 2017 with its global hub based in Singapore, aelf is the first in the industry to lead Asia in evolving blockchain with state-of-the-art AI integration, transforming blockchain into a smarter and self-evolving ecosystem.

aelf facilitates the building, integrating, and deploying of smart contracts and decentralised apps (dApps) on its blockchain with its native C# software development kit (SDK) and SDKs in other languages, including Java, JS, Python, and Go. aelf’s ecosystem also houses a range of dApps to support a flourishing blockchain network.

For more information, visit https://aelf.com.

View original content:https://www.prnewswire.co.uk/news-releases/aelf-leads-the-fusion-of-ai-and-blockchain-to-shape-the-future-of-technology-302115323.html

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Blockchain Press Releases

Bitrue Gears Up for 2024 Bitcoin Halving with Trading Competition

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SINGAPORE, April 12, 2024 /PRNewswire/ — Leading cryptocurrency exchange Bitrue unveiled a new competition available to all users on the platform that comes with a total prize up to $850,000 USDT in a recent X announcement.

The contest is being held in honor of the much anticipated Bitcoin Halving – an event that occurs once every four years to regulate the supply of new BTC entering the digital asset economy, and helps ensure long-term value through scarcity of supply.

The competition will rank traders according to their trading volume on the exchange during the contest period. The competition begins on Thursday April 11th and will continue until the halving event occurs (estimated April 20th). The prizepool will increase according to the number of valid participants in the competition, with the grand prize winner set to take home 25% of the total reward (212,500 USDT). All participating users will have a chance to win prizes regardless of their final rank.

With all eyes on this historic event, Bitrue is thrilled to be able to offer an exciting and rewarding way for its 10 million users to mark the occasion and provide them with an opportunity to earn a life changing amount of money. Interested parties should sign up on the Bitrue exchange now in order to be ready for when the contest goes live on April 11th.

About Bitrue

Launched in July 2018, Bitrue is a diversified digital exchange that supports trading, loans and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. It has offices in Asia and Europe, and continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available at Bitrue’s website.

Logo – https://mma.prnewswire.com/media/2385358/Bitrue_BitrueOfficial_Bitrue_Logo.jpg 

Cision View original content:https://www.prnewswire.co.uk/news-releases/bitrue-gears-up-for-2024-bitcoin-halving-with-trading-competition-302115311.html

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Blockchain

Financial industry bodies defend permissionless blockchains against Basel Committee’s classification

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Five financial industry bodies have pushed back against the treatment of permissionless blockchains by a global banking supervision authority.

In December, the Basel Committee on Banking Supervision (BCBS) published a report on proposed amendments to bank capital requirements for digital assets, stablecoins, and tokenized assets.

The report classified all permissionless blockchains as high-risk, claiming that some risks could not be mitigated through existing solutions. BCBS was particularly concerned about banks’ lack of control over third parties who conduct most operations on these blockchains. It also warned about their privacy, finality, liquidity, and political, legal, and policy risks.

In response, five global financial industry regulators have defended permissionless blockchains. In a joint response, they stated that the industry “has all necessary expertise and robust compliance frameworks to fully identify, manage and mitigate these risks.”

The five are the International Swaps and Derivatives Association, the Global Financial Markets Association, the Institute of International Finance, the Futures Industry Association, and the Financial Services Forum.

Blockchain’s application in the financial industry is evolving, and regulators must not disincentivize banks from exploring the technology, the regulators stated. By putting up unnecessary hurdles, the BCBS would only push these institutions to the non-regulated shadow banking space, which would be riskier for them.

The regulators further noted that dozens of global banks have conducted successful pilots using permissionless blockchains. These pilots have shed more light on the technology’s application and allowed them to understand and control emergent risks.

The BCBS approach is unfair to blockchain and veers away from the regulator’s long-held “same asset, same risk” approach, they added.

“While we acknowledge that risk mitigation techniques are evolving for permissionless crypto assets…we are confident that solutions already exist in respect of specific use cases,” the five stated.

They believe deciding whether to build on permissionless blockchains should be left to the banks.

The financial sector has been a leader in blockchain adoption, with some, like JPMorgan (NASDAQ: JPM), developing their own permissioned networks, albeit unsuccessfully. However, most have relied on existing solutions to build applications spanning settlement, bond issuance, tokenization, etc.

Source: coingeek.com

The post Financial industry bodies defend permissionless blockchains against Basel Committee’s classification appeared first on HIPTHER Alerts.

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