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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

Friend.Tech and Base Anti-Phishing Boosted By CoolWallet’s Web3 SmartScan

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TAIPEI, Oct. 2, 2023 /PRNewswire/ — Base’s new killer DApp, the decentralized social network Friend.tech, is breaking transaction records with record adoption, but is being targeted by hackers and scammers through phishing attacks.To raise awareness of the importance of hardware wallet protection and promote its powerful Web3 SmartScan transaction screener, CoolWallet has launched a Web3 Guardian competition.

Coinbase’s new Ethereum layer-2 chain, Base, has become a favorite for DApp developers and early investors due to its outstanding performance and the innovative projects it attracts. One DApp in particular, the decentralized social media platform Friend.tech, has driven the bulk of its growth in recent weeks. helping Base repeatedly reach new transaction volume highs despite difficult market conditions.

Friend.tech’s rapid rise has garnered widespread attention- according to the latest data, the daily active user (DAU) count of friend.tech have surpassed the million mark, with its transaction volume consistently hitting new records and its total value locked (TVL) now surpassing $35 million.

However, with any crypto trends comes new security risks, in this case a familiar foe, phishing attacks. This type of social engineering attacks dominate crypto thefts, which by June 2023 had already hit the $650 million mark across the Web3 sector. This month alone has already seen successful attacks targeting high-profile victims Mark Cuban and Vitalik Buterin and stealing millions in the process.

As a result, Base and Friend.tech users are urged to use a reputable hardware wallet to secure their tech digital assets by protecting their private keys and screening transactions.

In response, hardware wallet maker CoolWallet, which natively supports the Base ecosystem, has launched an anti-phishing campaign titled  Web3 Guardian Competition to create awareness and promote its unique defense capabilities such as CoolWallet SmartScan, which proactively screens all Web3 transactions and flags malicious behavior or smart contract vulnerabilities before users are exploited.

How Friend.tech works

Friend.tech has garnered a cult following among crypto enthusiasts as one of the first decentralized social networks to be built on the Base blockchain. It’s powered by blockchain and smart contracts, where users must buy “shares” of another person in order to chat with them. Its tagline is “Your network is your net worth”.

To use Friend.tech, users must first sign up with their Twitter (X) account, create a profile and then start trading shares of other users who have also signed up. A user’s share price is determined by factors like their popularity, reputation, and overall demand.

Buying shares of another user gives you access to them, allowing you to message them directly and chat. The more shares you buy, the higher a priority your messages will be.

Friend.tech recommends hardware wallet protection

With crypto phishing attacks claiming even high-profile victims such as Vitalik Buterin and Mark Cuban as victims in recent weeks, it’s no surprise that Friend.tech also places great emphasis on asset security.

It therefore recommends that users utilize a hardware wallet for enhanced protection against threats like phishing sites. Storing assets offline makes them less accessible to online hackers, thus offering greater security.

CoolWallet’s SmartScan Flags Web3 Phishing Threats

CoolWallet (established in 2014) has since the launch of its CoolWallet Pro flagship model in 2021 pivoted strongly to securing Web3 assets, which requires users to interact with DeFi protocols that could potentially drain their accounts if they authorize the wrong transaction.

CoolWallet Pro in particular makes for an ideal Friend.tech hardware wallet as it’s one of the first cold wallets to support the Base network, and boasts several elite security features, such as:

  • an EAL6+ secure element
  • biometric verification (both on phone and device)
  • tamper proof and waterproof design

Importantly, its CoolWallet App comes with real-time Web3 transaction analysis scanning called Web3 SmartScan.

While cold storage is as safe as can be, the biggest vulnerability remains human error or a lapse in judgment, where the user is tricked into authorizing a bad transaction or revealing their recovery seed or private key to a bad actor.

CoolWallet’s SmartScan, available on its CoolWallet App, provides Web3-native protection against phishing attempts. It automatically screens transactions and flags attempted phishing, suspicious transactions and smart contract vulnerabilities. This makes using cold storage even safer to use, and elevates CoolWallet above other hardware wallet brands.

Web3 Guardian Competition- Secure Your Crypto for the Next Bull Run!

To promote Web3 asset protection among blockchain users and help them safeguard their crypto portfolio with SmartScan until the next bull run, CoolWallet is launching a global new competition aimed at enhancing user security awareness with generous rewards to participating users.

For more details, please visit their website’s event page or X (Twitter) account

About Base:

Base is a secure, low-cost, builder-friendly Ethereum L2 built to bring the next billion users on chain.

About Friend.tech:

Friend.tech is an emerging DApp focused on social interactions and cryptographic asset management. It provides users with a secure and efficient blockchain platform. The platform currently operates on the Base chain and is continuously expanding its features and user base.

About CoolWallet

CoolWallet is a pioneering Web3 hardware wallet brand established in 2014 by CoolBitX that offers users the comfort of convenient and fully portable cold storage of all digital assets, including DeFi and NFT crypto assets.

CoolWallet Pro is a flagship Web3 hardware wallet that boasts a wafer-thin smart card form factor, an EAL6+ secure element, military-grade Bluetooth encryption, and a tamper proof and water-resistant exterior, while its custom CoolWallet App offers users a choice of DeFi marketplaces, DApp support and real-time transaction screening.

CONTACT: Domo Zhuang, [email protected]

Photo – https://mma.prnewswire.com/media/2234341/1600x900_EN__1.jpg

View original content:https://www.prnewswire.co.uk/news-releases/friendtech-and-base-anti-phishing-boosted-by-coolwallets-web3-smartscan-301943686.html

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Blockchain Press Releases

Webb Unveils Tangle Network Testnet, Pioneering the Future of Private, Decentralized Applications

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NEW YORK, Sept. 29, 2023 /PRNewswire/ — Today, Webb announced the launch of its much-anticipated Tangle Network Testnet, setting the stage for a new era of private and decentralized applications.

About Webb

Led by founder Drew Stone, Webb is the premier cross-chain zero-knowledge messaging layer, committed to revolutionizing blockchain privacy. Backed by industry giants like Polychain, Lemniscap, and Commonwealth Labs, Webb introduces a suite of tools aimed at advancing zero-knowledge (ZK) and multi-party computation (MPC) applications across multiple blockchains.

The Challenge and Our Solution

Blockchain networks today face significant hurdles: limited interoperability, scaling difficulties, centralized control, and privacy concerns. Webb’s Tangle Network, built on the powerful Substrate framework, is designed to tackle these challenges by offering a next-generation blockchain platform.

Why Tangle Network?

Our vision is to make it easier for developers to create secure, private zero-knowledge (ZK) and multi-party computation (MPC)-based decentralized applications. Tangle Network simplifies:

  • Proof Generation: Delegate computational tasks to our validators.
  • Trusted Setups: Tangle Network manages complex ceremonies for you.
  • Secure Signing: Utilize our threshold signing for cross-chain operations.

By removing these barriers, we massively improve the time to launch for ZK and MPC-based decentralized applications.

Noteworthy Features

  • Unparalleled speed, security, and scalability via Substrate.
  • Decentralized control through Distributed Key Generation (DKG).
  • Advanced protocols for zero-knowledge applications.
  • Cross-chain compatibility with IBC and XCM.
  • Easy migration of existing apps through Ethereum Virtual Machine (EVM) support.
  • Smooth, forkless upgrades.

What’s Next?

The Testnet launch kicks off with an in-depth whitepaper, followed by a series of engagement events during the testnet phase. Our mainnet is scheduled for a Q1/Q2 2024 launch, featuring hackathons, workshops, and a targeted grant program to accelerate the adoption of privacy-focused applications.

Testnet Quick Links

Get Involved

  • Developers: Start building on Tangle today. Learn More
  • Validators and Relayers: Help secure and maintain the network. Learn More
  • Join the Community: Follow us on Twitter or join our Discord.

Contact Us
For media inquiries, partnerships, or more information, email us at [email protected] 

Visit our website

View original content:https://www.prnewswire.co.uk/news-releases/webb-unveils-tangle-network-testnet-pioneering-the-future-of-private-decentralized-applications-301940846.html

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Blockchain Press Releases

ChainUp Celebrates 6th Anniversary, Charting Blockchain Innovations beyond Digital Assets

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SINGAPORE, Sept. 29, 2023 /PRNewswire/ — ChainUp, a Singapore-based trailblazer and global leader in the blockchain industry, marked its sixth anniversary celebration with more than 500 business partners at Ce La Vi Singapore. During the celebration, ChainUp Founder and CEO, Sailor Zhong reflected on the journey, “Six years in the blockchain industry showcases our resilience, innovation, and forward-looking approach. As we look to the future, we are committed to shaping a digital asset environment that is reliable, transparent, and unparalleled. ChainUp aims to champion blockchain solutions beyond the applications of digital assets and bridge the gap between digital asset markets and traditional finance (TradFi) to increase effectiveness and market efficiency.”

The DEX Renaissance
As decentralized finance (DeFi) comes into prominence and focused on returning control to users, one of the sectors impacted by DeFi are the exchanges where cryptocurrencies are traded. Data from CoinMarketCap reveals that trading volumes on Decentralized exchanges (DEX) reached $1.2 trillion in 2022, indicating a 340% YoY growth. However, factors such as poor user experience impeded the rate of adoption of DEX. Recognizing this trend, ChainUp has updated its white-labeled DEX solution, incorporating advanced features, strengthening its security, improving its liquidity and aims to provide a decentralized trading experience that is on par with commonly-used centralized exchanges (CEX).

Bridging TradFi and Digital Assets Market
The traditional financial sector has been progressing very cautiously on digital assets. As more institutions lean into RWA tokenization, they unlock unparalleled liquidity in a borderless trading environment. Amidst this evolution, ChainUp’s RWA solutions emerge as an industry pioneer, offering robust tokenization protocols, seamless integration, and enhanced security, bridging the gap between TradFi and the digital future with unmatched finesse.

Minimizing Risk and Maximizing Security
ChainUp’s MPC Wallet revolutionizes crypto security by integrating MPC technology with advanced hardware isolation, ensuring utmost safety and encryption on data. The wallet offers dynamic key-refreshing mechanisms, chain-agnostic compatibility, and eliminates single-point vulnerabilities. With efficient multi-address management and 24/7 expert support, users enjoy full asset control, scalability, and cost-efficiency, all under one roof.

Compliance: The Guiding Principle
Navigating global regulations in the blockchain sector can be complex. ChainUp’s KYT subsidiary, Trustformer, offers peace of mind for enterprises tackling compliance-related challenges.  ChainUp’s advanced solutions in Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) show their commitment to a more secure blockchain environment.

For detailed insights into ChainUp’s innovative solutions, please visit: https://www.chainup.com?channel=pr&type=article

About ChainUp
Headquartered in Singapore, ChainUp is a global leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. Built on the mission to empower businesses through blockchain technology, ChainUp’s innovative and all-around compliant solutions include digital asset exchange, KYT, NFT trading, wallet, liquidity, Web3.0 infrastructure, digital asset custody, security token offerings and more. Established in 2017, ChainUp has offices around the world, serving more than 1,000 clients in 30 countries, reaching over 60 million end-users.

CONTACT: Jacelynn Pang, [email protected] 

Photo – https://mma.prnewswire.com/media/2234326/ChainUp_Celebrates_6th_Anniversary_Charting_Blockchain_Innovations_Digital_Assets.jpg

Logo – https://mma.prnewswire.com/media/2190026/ChainUp_A_Full_Colour_V_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/chainup-celebrates-6th-anniversary-charting-blockchain-innovations-beyond-digital-assets-301941862.html

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