Spencer Dinwiddie’s Calexy, a social token platform built on Hedera Hashgraph, has just completed a $26 million funding round and appointed a new CEO.
The strategic funding round was led by The HBAR Foundation, which Console gaming giant Ubisoft welcomed for its ecosystem in February, and Animoca Brands, which recently acquired three game studios In its quest to dominate the Web3 gaming space.
polygonwho is be a destination Tera also participated in the round for apps leaving the network.
when this launched last summerThe platform raised $7.5 million in seed funding and offered Calyxe Creator tokens from actress and singer Teyana Taylor and NBA star Iman Schumpert.
Since then, the platform has minted one billion Calcxy Creator (CLXY) tokens in April and currently has a fully diluted market cap of $546 million. live coin watch,
The new funding will be used to expand the Calaxy platform as the team prepares to come out of beta later this summer.
“We’re building the ecosystem ahead. So it’s both the app and the protocol,” explained Dinwiddie decrypt On a call last week. “You know, the token also acts as a governance component. And being a protocol, we want other decentralized applications to be built on top of that.”
Dinwiddie co-founder, Calaxy COO, and former Wall Street banker Solo Ceesay will take over as chief executive.
“We envision a world where anyone, no matter their level of experience with crypto, will be able to use our mobile and web applications to connect with their favorite content creators,” explained Cece. decrypt in an email. “When it is all said and done, we want to be the project that defines the standards for social tokenization and Web3 fan engagement.”
Dinwiddie and crypto
The change means Dinwiddie will take on a role as executive chairman, a step back from day-to-day operations at Calyxie. Social tokens for Dinwiddie to follow, let alone a complete platform and protocol.
He first gained attention in crypto circles in 2019, when he said that he would mark his $34 million contract with the NBA. They blocked his efforts twice. When he finally started selling tokens in 2020, he only managed to raise $1.35 million,
Since then, he has found that his access to the big names has been a huge asset as he works to bring more people to the Calaxy platform.
“I think our secret sauce comes down to our network,” he said. “Like the end of the day, I mean, don’t give yourself a pat on the back, but it’s definitely a different experience when a phone call can put you in touch with, you know, Ezekiel Elliot or Matt James or LeBron James.” , for that case.”
Even if the league and other skeptics warmed to crypto from financial interest rather than enthusiasm for the technology, Dinwiddie said, it’s better than being openly mocked.
“I would say it’s far more fun not to hold bullets all the time,” he said. “When I first spoke [crypto]I was mad either, and it was, you know, ‘Shut up.’ Or was I just plain ridiculing about it.”
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