The Creator's Galaxy Protocol makes the interaction between creators and fans more meaningful and productive, creating objective and measurable value in the relationship while addingWay of incomeeconomic modeleconomic model。

Over the past two decades, a socially engageddigital revolutionIt's happening, and there's never been a better time to build a platform for creators.

The next phase of digitalization is happening now, with a massive shift toward a creator-centric microeconomy empowering emerging"Creator Middle Class"strength. In this new era of digital social engagement, anyone can create, interact and grow a business or brand faster, more profitably and on a scale never before possible.

A decentralized future will emerge in the crypto market, where creators will be able to nurture, empower and incentivize their communities through custom creator tokens, while reaping the first fully integrated creator economy, where value is in the creator get betweenmore equitable distribution。

In order to further understand the development status of the social field and the content creation track, on December 6, 2021, CryptoJ specially invited three guests from The Creator's Galaxy Protocol to be guests of this AMA"Public Funding is Coming - Explore how The Creator's Galaxy uses "SocialFi + NFT" as a breakthrough to build a complete ecosystem"。

team background

team background

At the beginning of the AMA, three guests from The Creator's Galaxy Protocol introduced themselves and shared with us the background of the team members:

Spencer Dinwiddie is an NBA star, and the starting point guard for the Washington Wizards. Over the years, Spencer has had a stellar career in the NBA, and off the court, he is very passionate about blockchain and cryptocurrencies. Famously, he was the first to convert theTokenize NBA ContractsNBA player. Since then, Spencer has been working on his new vision of making blockchain technology ubiquitous, which led to social media app Calaxy and The Creator's Galaxy protocol.

Solo Ceesay is the Chief Operating Officer and Co-Founder of Calaxy, Inc.Before founding Calaxy, Solo was a securitization investment banker and served as an advisor to Spencer, who had his NBA contract tokenized. Solo was also an athlete, having played at the prestigious University of Pennsylvania in the Ivy League. He studied at the Wharton School of Business for several years before working in financial services. In addition to running Calaxy's day-to-day operations, Solo also manages the company's key relationships with various celebrities and influencers.

Cooper Kunz is the Chief Technology Officer of Calaxy Corporation.After studying computer science and philosophy at the University of Arizona, Cooper was one of the early members of Hedera, an enterprise-grade distributed ledger technology (DLT) based on the Hashgraph algorithm. Cooper is the head of all engineering at Calaxy, and like Spencer Sey, he has a passion for developing technologies that have a measurable and visible impact at the societal level.

Analysis of The Creator's Galaxy

The Creator's Galaxy Protocol is a decentralized, permissionless personalTokenization Ecosystem, empowering the next generation of celebrities, athletes, influencers and content creators to draw from their fan communitiesearn income, without the need for a centralized institution in the traditional sense. The Creator's Galaxy Protocol is the future of personal monetization, creating a direct-to-fan and community engagementnew way, which is unprecedented.

Creators in The Creator's Galaxy create personalized social tokens called "Creator Tokens”, their fans and community can purchase and use these tokens in various applications such as services such as video calls, video messages, fan club subscriptions and direct messages. Creators in the ecosystem can also issue "Collectibles", which are non-homogeneous tokens, also known as "NFT", which represent unique assets and areProvably scarce.

The ultimate goal of The Creator's Galaxy Protocol is to be thePersonal Tokenization Standardsimage description

Financing & Cooperation Progress

Financing & Cooperation Progress

The Creator's Galaxy has gained wide attention from the market in the process of continuing to move forward. When talking about the current financing, cooperation progress, and the staged progress so far, the guests shared:

Given that The Creator's Galaxy is the first creator-centric protocol to incorporate both NFTs and social tokens, this unique value proposition has gained traction in recent months.massive media attention. In addition, there are more than140 peopleCelebrities and influencers are involved in the ecosystem, and The Creator's Galaxy has leveraged a large portion of the entertainment industry (the market).

Furthermore, The Creator's Galaxy not only has impressive relationships with celebrities and entertainers, it has also been linked to someBiggest and best-known projectsEstablished partnerships, including but not limited to: Dapper Labs, Flow, NBA Top Shot, Animoca Brands, Hedera, Polygon, etc.

So far, Calaxy Inc. has completed a round of financing,Total funding raised is $7.5 million. As of now, The Creator's Galaxy Foundation is preparing to launch in 2021December 8token saletoken sale. Registration is now open.

SocialFi Circuit

SocialFi has always been one of the hot topics in the market. Regarding why The Creator's Galaxy chose to join this track, how to view the current development status of the SocialFi track, the possible future development prospects and potential market size will be How about it, the guest said:

Creator's Galaxy joins the race, as most blockchain protocols are still largely unknown to the non-expertuntouchableof. Creator's Galaxy is designed to be an easy-to-use technology that influencers and creators of all types can easily implement into their platforms.

Calaxy Inc. decided to develop asocial media application, influencers and celebrities feel like they are using traditional platforms. With the Calaxy app, influencers can easily createSocial Tokens and NFTs, also creating an ecosystem for these assets, making them practical and usable for everything from video telephony to subscription-based contentSocial activities。

Right now, these technologies are only used by a small number of people because there is an educational barrier between ordinary people and blockchain technology. The Creator's Galaxy and Calaxy apps are designed to reduce this barrier.

creator economycreator economywill grow into atrillions of dollarsindustry. By being the most user-friendly, we at Calaxy hope to capture the bulk (potential value) of this (market) activity.

Celebrities & Influencers

When talking about which creators, brands, KOLs, and social media platforms The Creator's Galaxy has reached cooperation with, the guest pointed out:

The Creator's Galaxy platform ecosystem has superOver 140 celebrities and influencers,include:

• NBA stars: Dwight Howard, Andre Drummond, CJ McCollum, Khris Middleton and of course Spencer

• Music star: Teyana Taylor and Tems

• NFL Stars: Ezekiel Elliott, Amari Cooper and Foye Oluokun

• Reality stars: Matt James "The Bachelor," Jourdan Hammond "Love Island," Claudia Sampedro "WAGS."

Integrate third-party applications

at present,

at present,Calaxyof The Creator's Galaxy Protocolfirst app, but Calaxy hasbuild other applicationsplans, which will make it easier for creators of certain content to monetize. With the Calaxy app, influencers can create their own in secondsSocial Tokens and NFTs; if someone wanted to create these assets directly on the protocol, they could easily do so.

The Calaxy app simply provides an easy-to-use interface so that celebrities or creators who know nothing about the technology can also perform these actions.

future, through variousFunded projects, The Creator's Galaxy Foundation willmotivate and encourageOther applications that want to integrate social token or NFT functionality into their platforms join the ecosystem. Additionally, there is a DAO, led by many different celebrities and influencers, who willShaping and growing The Creator's Galaxy ecosystemoffer their expertise in various markets.

create social circle

For creators, how to create their own social circle on The Creator's Galaxy platform and how to attract more creators to use The Creator's Galaxy platform, the guest explained:

In fact, creators have endless options for how they create their circles in The Creator's Galaxy. The first and easiest option is toCalaxy appBuild a community on it. Calaxy looks and feels very similar to Twitter or Instagram, but it has more advanced products, including Web3 technology, to make monetization easier.

Second, creators have the ability to build their own platforms and apps if they have more defined functionality than the Calaxy app provides.Customized needs, it is also possible to integrate theirSocial Tokens and NFTs。

In the future, The Creator's Galaxy Foundation will have severalFunded projectsTarget Audience

Target Audience

Regarding the target user groups of The Creator's Galaxy, whether to pay more attention to young user groups, users (fans), and the connection between The Creator's Galaxy and creators, the guests responded:

The target audience is everyone, especially NBA, NFL, TV, music stars with large followings. By empowering all types of entertainers, The Creator's Galaxy Protocol also aims to serve endless users (fans).

Users will join this ecosystem as there will be tons of celebrities and influencers who are new to blockchain and cryptocurrencies today, and these technologies are made more accessible through our key relationships.

Hedera Hashgraph Network and HIP-177 Protocol

In addition to introducing the concept of SocialFi, The Creator's Galaxy also supports NFT based on the HIP-17 protocol standard. The guest shared with us how it works and how NFT is combined with SocialFi on The Creator's Galaxy platform:

The guest said,HIP-17Similar to ERC-721, it is apredefined standard,useHedera Hashgraph NetworkUsers can use it to manage NFT. Hedera Hashgraph is run by some of the largest companies in the world including Google, IBM, Shinhan Bank, LG, DLA Piper, Tata Communications, and more.

By using Hedera Hashgraph's network and HIP-177, The Creator's Galaxy supportsHigh throughput and low costtoken sale

token sale

The Creator's Galaxy will be on December 8thCLXY Token Public Sale, the guest shared with us the detailed rules and participation methods of this public sale as follows:

The Creator's Galaxy Foundation will be held in New York City in 2021December 8Public sale at 10:00 am$40 million in CLXY tokens, the offering will be open to both non-U.S. and U.S.-accredited investors.

$30 million in tokens will be available to non-US investors and $10 million will be available to US-accredited investors.

In order to participate, potential investors must be in 2021 New York timeDecember 7 at 10 amPreviously registered on Tokensoft.

Token Economic Model

Token Economic Model

Regarding token value capture, guests shared The Creator's Galaxy's token economic model, how to motivate users to hold tokens for a long time, what application scenarios tokens have, how tokens can be combined with SocialFi, and other topics.

He pointed out that every user who wishes to use The Creator's Galaxy needs to hold $CLXY tokens in order to be able to use social tokens and NFTs within the ecosystem, because it is essentially agas fee, just like $ETH pays fees on the Ethereum blockchain.

In addition to gas, holders of $CLXY can also make changes to protocol rulesGovernance and Change, such as how expenses are allocated or spent over time. Holding $CLXY is for those looking to get involved and connect with their favorite celebritiesRecent Development Plan。

Recent Development Plan

At the end of the AMA, the guests shared The Creator's Galaxy's next development plan, whether there will be new products launched, whether it will cooperate with other projects for development, and which fields The Creator's Galaxy will focus on in the future. Celebrity fans and design effects, etc. topic, he noted:

The Creator's Galaxy Foundation has a very respected list of partners and plans to continue on this listAdd partners, as it strives to become the standard for personal tokenization. For a full list of partners, please visit The Creator's Galaxy white paper. While the foundation is very excited about what Calaxy is building, it also looks forward to other companies building on the agreement.

It's hard to say which area will be the most exciting presence in The Creator's Galaxy ecosystem because they're all good, but perhaps it will be the most exciting to see the Creator middle class benefit from having better tools to interact with Connecting their fans and benefiting them in the process of tokenizing intellectual property and image.

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