Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Blockchain
  • Cryptocurrency
  • News

Galaxy Raises $7.5 Million For Creators’ App

Alicia Maher July 2, 2021 3 min read

An open and decentralized social media platform has raised $7.5 million from private investments to help it launch and introduce new products on the platform. Calaxy is a social app designed to allow notable personalities in various sectors engage with their teeming fans. According to reports, the app is designed by creators, for creators.

 

The Calaxy app, also known as the ‘Creator’ Galaxy’, would help celebrities and their fans connect through a more direct way with the aid of blockchain technology. According to reports, the platform is aimed at decentralization to enable creators comprising celebrities and high-profile personalities connect with, empower and reward their growing communities with personalized tokens while getting the benefits, on their end, of the fully-integrated Creator Economy.


trade now

 

In essence, the vision of Calaxy is to connect fans and celebrities directly. In view of this, the app features a number of functionalities such as video calls, voice chats, training and memberships of fan clubs. Interestingly, fans can fix a video call session with their most preferred celebrities or hold a training session with a celebrity artist or actor. All of these can be done with the app.

Calaxy Collectibles to Create More Experience for Fans

A distinct feature of the platform is the usage of fan-based tokens. While the Creators’ app will function to link fans to their favourite stars, the Calaxy Collectibles would make it possible to tokenize and sell NFTs. 

 

The tokens could come in handy to make fans enjoy other benefits such as personal meet-ups, VIP tickets to a live show, access to personal items of celebrities like childhood pictures or an opportunity to go on tours with celebrities. Tokens could be used for governance as well allowing fans to vote on what song is to be released first or what venue a concert is supposed.

 

Spencer Dinwiddie, CEO of Calaxy, who is also an NBA player, did something similar earlier this year although with Bitcoin. The basketball celebrity had told fans to vote with Bitcoin to influence the team he would move to next in the league.

 

Popular ace musician, Jay-Z also tokenized his latest album which would be selling for as high as $23,000. Calaxy funding round received contributions from major participants in the crypto and blockchain industry. These include Genesis Block Ventures, Animoca Brands and RedBeard Ventures, to mention a few. Other high-profile people are  involved in the project as well- Dapper Labs CEO, Roham Gharegozlou, Liquefy’s CEO, Adrian Lai. Celebrities across sports, entertainment, art will also be onboarded, according to the firm.

 

Football Clubs Issue Fan-based Tokens

Meanwhile, football-based fan tokens are being issued by some clubs like AC Milan, Manchester City, Juventus in order to engage their supporters across the world and create revenue as well. Football clubs were one of the hardest hits by the pandemic, which saw their revenues plunge badly as stadiums were devoid of supporters during the period. As such, some partnered with crypto-based firm, Chiliz to issue tokens to their fans.

 

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: Natwest Bank Imposes Restriction over Daily Fund Transfer from Customers to Their Crypto Exchanges
Next: Balancer Sets Aside $10 Million In A Bid To Erase Gas Fees on Ethereum

Related Stories

Coinbase Seeks New Banking Partner Following Signature Bank Shutdown
2 min read
  • Cryptocurrency Exchanges
  • News
  • Regulation

Coinbase Seeks New Banking Partner Following Signature Bank Shutdown

March 21, 2023
Price of BTC Surges Beyond $28,000, As Ripple, Ether, and Cardano Go Bullish
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • News

Price of BTC Surges Beyond $28,000, As Ripple, Ether, and Cardano Go Bullish

March 21, 2023
3 Ways To Get NFTs Without Paying for Them
4 min read
  • Blockchain
  • Guide
  • NFT (Non-fungible token)

3 Ways To Get NFTs Without Paying for Them

March 20, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$28,268.00
0.32%
ethereum
Ethereum (ETH)
$1,765.27
-0.90%
tether
Tether (USDT)
$1.01
0.74%
binancecoin
BNB (BNB)
$336.57
-0.63%
usd-coin
USD Coin (USDC)
$1.01
0.39%
ripple
XRP (XRP)
$0.391193
2.19%
cardano
Cardano (ADA)
$0.341402
-0.87%
dogecoin
Dogecoin (DOGE)
$0.072515
-2.17%
binance-usd
Binance USD (BUSD)
$1.01
0.77%
polkadot
Polkadot (DOT)
$6.18
-4.04%

Recent Posts

  • Coinbase Seeks New Banking Partner Following Signature Bank Shutdown
  • Price of BTC Surges Beyond $28,000, As Ripple, Ether, and Cardano Go Bullish
  • 3 Ways To Get NFTs Without Paying for Them
  • Crypto Proponents Start to Consider Bitcoin as an Alternative to Traditional Banks
  • Cardano Founder Charles Hoskinson Says Crypto Industry should Differentiate Itself from Unstable Banking Sector
  • Sandbox Ready To Launch New Product, Partner With Havas Play, and Promises New Experience
  • Binance to Convert $1 Billion Worth of Binance USD (BUSD) into Bitcoin, Ethereum and other Tokens
  • Blockchain Association Requests Files on Crypto ‘de-banking’ Issues From OCC, FDIC, & Fed Reserve
  • U.S Investment Company Ark Invest, Raises $16M For New Cryptocurrency Fund
  • International Payment Operator Swift Successfully Completes CBDC Pilot Test
  • Signature Bank Accused of Money Laundering, Evidence Emerges
  • What is the Best Way to Mine Bitcoin?
  • What is Cryptocurrency Crowdsale and How Does It Work?
  • Coinbase Denies Selling Securities, Commence Filing of Brief in The SEC Wahi Case
  • Proof-of-Stake Tokens are Securities, SEC Chair Says

Categories

You may have missed

Coinbase Seeks New Banking Partner Following Signature Bank Shutdown
2 min read
  • Cryptocurrency Exchanges
  • News
  • Regulation

Coinbase Seeks New Banking Partner Following Signature Bank Shutdown

March 21, 2023
Price of BTC Surges Beyond $28,000, As Ripple, Ether, and Cardano Go Bullish
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • News

Price of BTC Surges Beyond $28,000, As Ripple, Ether, and Cardano Go Bullish

March 21, 2023
3 Ways To Get NFTs Without Paying for Them
4 min read
  • Blockchain
  • Guide
  • NFT (Non-fungible token)

3 Ways To Get NFTs Without Paying for Them

March 20, 2023
Crypto Proponents Start to Consider Bitcoin as an Alternative to Traditional Banks
3 min read
  • Bitcoin (BTC)
  • Cryptocurrency
  • News

Crypto Proponents Start to Consider Bitcoin as an Alternative to Traditional Banks

March 20, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%