Calaxy raised $26 million
Calaxy raised $26 million in strategic funding. The seed round was led by The HBAR Foundation and Animoca Brands as well as Polygon Studios for getting in on the party.
Calaxy is an open social marketplace for Creators, by Creators. They were co-founded by tech entrepreneur Solo Ceesay and his business partner Spencer Dinwiddie.
Calaxy is in the business reinventing the way Creators. Their fans interact and revolutionize content economics in the process. The Calaxy mobile and web applications rock sleek designs similar to social media platforms.
But, under the hood Calaxy is harnessing the power of one of the world’s most efficient distributed ledger technologies (DLTs).
The result sets a new standard for the way fans interact with the celebrities they adore. It also gives Creators improved agency and ownership over their personal brands.
Furthermore, Calaxy started as a bunch of documents in a folder on Spencer’s laptop. He and Solo were working together in an effort to securitize Dinwiddie’s NBA contract back in 2018. Through that process, they realized that Creators needed a better path toward monetization.
ABOUT THE FOUNDER
Furthermore, Solo was a rising star on Wall Street. A young, Black, Wharton-educated, first-generation American with traditional finance experience. With a deep passion for emerging technologies, Ceesay realized that he was in the perfect position to affect change and recalibrate the Creator Economy using a more equitable framework.
So, in 2020 he bounced to become Calaxy COO. Two years and $33.5M in total strategic funding later, the 27-year-old St. Additionally, Louis native is now taking the reins as Calaxy’s Chief Executive Officer. Spencer’s transitioning to a role as Executive Chair, where he’ll remain focused on bringing Calaxy’s vision to life (and dunking on members of the NBA’s All-Defensive Team).
(Solo Ceesay FOUNDER, CEO OF CALAXY)
Solo and the Calaxy team are gonna stay hungry and humble as they use this additional funding to add talent to an impressive roster of Creators that already includes future NBA Hall of Famer Dwight Howard, musician Teyana Taylor, The Bachelor’s Matt James, and three-time Pro Bowler Ezekiel Elliott.
Calaxy is the first decentralized application (dApp) built on The Creator’s Galaxy—a decentralized protocol with open-source governance and a total coin market cap over $500M. Furthermore, The Creator’s Galaxy protocol is powered by Calaxy Tokens ($CLXY), a Hedera Token Services asset of which one billion were minted on Hedera back in April.
ABOUT CALAXY
Calaxy is the open social marketplace, built for Creators, by Creators.
Through a suite of familiar and new application features, creators of all types can offer more direct and intimate experiences to their fans that everyone will come to know and love. Furthermore, it also uses Hedera Hashgraph, a cutting-edge blockchain alternative. Calaxy’s in-app experience puts the modern fan at the center of all the action and removes historical intermediaries.
RESOURCES
Medium
