NBA star Dinwiddie will introduce you to Calaxy, a social networking platform with Web3.0

21-12-15 11:40

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On December 14th, Co-founders and CEO of The Creator's Galaxy, NBA star Spencer Dinwiddie, Co-founders and COO Solo Ceesay, and CTO Cooper Kunz had an online chat with users. What can Web3.0 social platforms bring us? On the topic, it interprets Calaxy's traffic code and shares its views on whether Web3.0 is the future form of social platforms.

Calaxy is an open social marketplace for creators, co-founded by NBA player Spencer Dinwiddie and former Wall Street financier Solo Ceesay. Calaxy also raised $7.5 million in July from Animoca Brands inc.

The following is a transcript of the online conversation

BlockBeats: Please introduce yourselves briefly.

Kunz Cooper:Hi, I'm the CTO of Calaxy Inc. After studying computer science and philosophy at the University of Arizona, I became one of the early members of Hedera, an enterprise-class blockchain based on the Hashgraph consensus algorithm. I'm responsible for all of Calaxy's engineering, and like Spencer, I have a passion for building technologies that have a meaningful impact on society.

Spencer Dinwiddie:I'm Spencer Dinwiddie. The starting point guard for the Washington Wizards and founder of Calaxy. I founded Calaxy out of my experience in the entertainment industry, as well as being an early crypto investor. I started thinking about how I could increase my revenue while also helping other creators.

Solo Ceesay:Hi, I'm Solo, the COO and co-founder of Calaxy. Spencer introduced me to blockchain a few years ago, and together we explored the possibilities of blockchain and how it could change the entertainment industry. We were the first company to securitize NBA contracts and sell them to investors. Now we want to extend and transform the creator economy with NFT and social Tokens. I also studied at the University of Pennsylvania and Wharton, and now live in Los Angeles.

BlockBeats: This question for Dinwiddie, Chinese fans are very concerned about your injury. How is your recovery recently?

Spencer Dinwiddie:Recovery is a process. After my injuries and surgery, I returned to Los Angeles to recover. It takes about 10 hours a day to recover. I feel better than I've ever felt, and I'm happy to be back playing for you guys. Thank you all for your concern.

BlockBeats: Tell us a little about Calaxy. What are the features of this platform?

Solo Ceesay:Of course! Calaxy is The first app built on The Creator "s Galaxy -- a protocol designed as The standard for content creators and celebrities to personally monetize through NFT and social Tokens, with CLXY as its Token.

Calaxy has an easy-to-use and easy-to-read interface that allows celebrities to post NFT and social tokens, as well as a social media platform that allows these assets to be useful. On Calaxy, fans buy social tokens that can be used for things like video calls, subscriptions or buying NFT.

We have over 150 celebrities registered on the platform, including many other NBA players such as Spencer(Dwight Howar, Andre Drummond, CJ McCollum, etc.)

BlockBeats: Why make such a social product? What's wrong with the social products we use today?

Spencer Dinwiddie:Social media platforms and apps touch every aspect of our lives. It's also relevant to my career as an NBA player. Through social means, we can better explain why blockchains and cryptocurrencies are valuable to all content creators and celebrities. Current social platforms make it difficult for celebrities to connect with fans and reap some revenue from them. Through social tokens, creators are able to monetize their images and portraits, while fans are able to get closer to the celebrities they admire.

BlockBeats: What do users get on Calaxy compared to the biggest social platforms, like Twitter? Or, if a fan follows you on Twitter, why would he follow you again on Calaxy?

Solo Ceesay:Good question! So Calaxy isn't trying to compete directly with existing platforms like Twitter or Instagram.

Calaxy is a platform built by creators for creators. While Twitter is a pretty standard publishing platform, it's completely centralized. As a result, the way creators earn their income is entirely dependent on others. With Calaxy, we want to empower celebrities directly and move away from the way fans/creators interact before. Fans can talk directly to their favorite celebrities on Calaxy, who are free to choose when and for a fee.

BlockBeats: It's interesting that you chose the Hedera Hashgraph as the underlying layer. Why did you choose this network? Why not Flow?

Kunz Cooper:The team chose to build on the Hedera network because it is fast (supporting tens to hundreds of thousands of transactions per second), cost-effective (about $0.001 per transaction), and energy efficient (carbon negative). Not to mention its governance model, owned and operated by some of the largest companies in the world (e.g. Google, IBM, Shinan Bank, Standard Bank, etc.).

While the team chose to build on Hedera, we're partners with Flow and Dapper Labs, as well as other industry-leading projects like Animoca Brands and Polygon -- so it's safe to say, We are excited to develop interoperability solutions and exciting projects together.

BlockBeats: Can you introduce the Token economy of CLXY? What is CLXY used for?

Kunz Cooper:Every user who wants to use The Creator "S Galaxy protocol and Calaxy needs to hold a CLXY Token to use The social Token and NFT in The ecosystem, because it essentially acts as a means of payment for gas charges, Just like ETH is the gas fee for the Ethereum blockchain, and the fee used to pay NFT royalties on Ethereum.

In addition to GAS, CLXY holders can propose governance changes to protocol rules, such as how fees are allocated or used over time.

Owning CLXY is a basic requirement for users who want to interact with celebrities. We believe that social Tokens and NFT can revolutionize fan engagement through direct video calls, streaming music, and the more intimate experience in Web3. Here you can learn more about CLXY allocation details for more information: http://creatorsgalaxyfoundation.com/clxy-token-distribution-details.pdf

BlockBeats: decentralized social platforms, or Web3.0 platforms, do you think are the future of social platforms? Why is that?

Solo Ceesay:I think the future of social platforms is decentralized for a number of reasons. At Calaxy and The Creator "S Galaxy, we focus on The way decentralized content creators and celebrities leverage intellectual property and iconography tokenized. In addition, there are drawbacks to centralization in terms of security and arbitrarily enforcing content moderation policies. In our view, this is a very necessary and obvious trend in the growth of the creator economy.

BlockBeats: How does Calaxy get traffic so far? I noticed that a lot of stars have registered their accounts. Do you rely on stars to attract traffic at present?

Spencer Dinwiddie:We've been getting a lot of attention lately in terms of content creators and celebrities. We're lucky to build great relationships with the talent we work with, so it's not hard to attract them to our platform. We are very excited about NFT social games and social Tokens coming out this year. We're also excited to teach these celebrities more about encryption.

BlockBeats: Today Cathie Wood talks about Twitter in the direction of NFT, which is very hot right now in terms of social capital. Will Calaxy combine with NFT in the future?

Kunz Cooper:We think NFT is very exciting and can certainly be used to generate social and financial capital. From private access to group chats, exclusive giveaways and more, NFT is a new way to show your interest in and support for artists, celebrities, and media in the meta-universe.

We support NFT that already exists in The ecosystem and work with many leading companies, celebrities and professional athletes to create NFT in The Creator "S Galaxy.

BlockBeats: What's next for Calaxy in the near future?

Spencer Dinwiddie:We have a lot planned, including the NFT series and large social Tokens coming soon, but we can't reveal all the secrets! Keep an eye on the project and you'll know what to expect.