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.
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
Blockchain
Breaking News: Bitgert Coin Price Expected To Skyrocket In Coming Days
In recent news, Bitgert coin’s price is anticipated to soar in the coming days, marking a significant development in the cryptocurrency market. This projection has attracted attention from investors and enthusiasts alike, as they await potential gains from the anticipated price surge.
The expected rise in Bitgert coin’s price has stirred excitement among crypto investors, who are closely monitoring market trends and developments to capitalize on potential opportunities. This surge is attributed to various factors, including market sentiment, technological advancements, and investor confidence in the project’s prospects.
As the cryptocurrency landscape continues to evolve, Bitgert coin’s projected price increase underscores the dynamic nature of the market and the potential for significant gains. Investors are advised to conduct thorough research and exercise caution when trading cryptocurrencies, as price movements can be volatile and unpredictable.
Overall, the anticipated surge in Bitgert coin’s price reflects the growing interest and optimism surrounding the project, highlighting its potential to deliver substantial returns for investors in the near future.
Source: cryptodaily.co.uk
The post Breaking News: Bitgert Coin Price Expected To Skyrocket In Coming Days appeared first on HIPTHER Alerts.
Blockchain
Ethereum Developers Target Ease of Crypto Wallets With ‘EIP-3074’
Ethereum developers are setting their sights on improving the user experience of crypto wallets with the implementation of Ethereum Improvement Proposal (EIP) 3074. This proposal aims to simplify the process of interacting with Ethereum smart contracts, making it easier for users to manage their digital assets securely.
EIP-3074 introduces a new type of account called “constrained accounts,” which are designed to restrict certain types of interactions with smart contracts. This feature enhances the security of crypto wallets by limiting the scope of potential attacks and reducing the risk of unauthorized access to funds.
One of the key benefits of EIP-3074 is its ability to streamline the user experience of interacting with Ethereum smart contracts. By simplifying the process of managing digital assets, this proposal aims to make crypto wallets more accessible to a wider audience, including non-technical users.
In addition to improving usability, EIP-3074 also enhances the security of Ethereum wallets by introducing new permissioning mechanisms. Constrained accounts allow users to define specific rules and conditions for interacting with smart contracts, providing an additional layer of protection against potential vulnerabilities and exploits.
Overall, EIP-3074 represents a significant step forward in the ongoing effort to enhance the usability and security of Ethereum wallets. By introducing constrained accounts and new permissioning mechanisms, this proposal aims to make it easier for users to manage their digital assets securely while also reducing the risk of unauthorized access and potential attacks.
Source: coindesk.com
The post Ethereum Developers Target Ease of Crypto Wallets With ‘EIP-3074’ appeared first on HIPTHER Alerts.
Blockchain
Istanbul Blockchain Week 2024 Returns Showcasing Turkey as the Rising Star in Web3 Adoption
Istanbul Blockchain Week 2024 is making a comeback, highlighting Turkey as a rising star in Web3 adoption. This event, set to take place in Istanbul, aims to showcase Turkey’s growing prominence in the adoption of Web3 technologies and its potential to become a leader in the blockchain industry.
With a focus on fostering collaboration and innovation in the blockchain space, Istanbul Blockchain Week 2024 will bring together industry experts, developers, investors, and enthusiasts from around the world. The event will feature a series of keynote speeches, panel discussions, workshops, and networking sessions, providing participants with valuable insights and opportunities to connect with key players in the industry.
One of the key objectives of Istanbul Blockchain Week 2024 is to highlight Turkey’s vibrant blockchain ecosystem and its potential to drive innovation and economic growth. As a strategically located hub between Europe, Asia, and the Middle East, Turkey offers a unique opportunity for blockchain companies to tap into diverse markets and access a skilled talent pool.
The event will also serve as a platform for showcasing the latest developments and trends in the blockchain industry, including decentralized finance (DeFi), non-fungible tokens (NFTs), decentralized autonomous organizations (DAOs), and more. Attendees can expect to gain valuable insights into the future of blockchain technology and its potential impact on various industries.
Istanbul Blockchain Week 2024 is expected to attract a diverse audience, including blockchain enthusiasts, investors, entrepreneurs, government officials, and academics. By bringing together stakeholders from across the globe, the event aims to foster collaboration, drive innovation, and accelerate the adoption of blockchain technology in Turkey and beyond.
Overall, Istanbul Blockchain Week 2024 promises to be an exciting and impactful event, showcasing Turkey’s growing influence in the blockchain industry and highlighting the country’s potential to become a global leader in Web3 adoption.
Source: cryptoslate.com
The post Istanbul Blockchain Week 2024 Returns Showcasing Turkey as the Rising Star in Web3 Adoption appeared first on HIPTHER Alerts.
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