Calaxy is a web3 social marketplace that lets creators mint their own cryptocurrencies (social tokens), sell NFTs, and build direct monetizable economies with fans. The company was founded in 2020 by Solo Ceesay and Spencer Dinwiddie and has grown to about 200 creators. Each creator can mint tokens that fans buy to access experiences or trade value for social engagements; tokens are currently pegged 1:1 to USDC so fans avoid volatility. Calaxy positions its product as an experiential marketplace combining elements of Patreon and Cameo while shifting ownership and value to creators. Leadership says tokens may eventually be dynamically priced based on market demand and finite supply. Financially, the company recently raised new strategic capital and previously closed a $7.5M seed in 2021; management plans to hold the fresh capital as a reserve for bearish days and later use it to expand platform and products.

Total raised

$26M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2022