What is Calaxy?

Calaxy is a decentralized protocol designed for content creator monetization through social tokens and NFTs. The native token, $CLXY, functions as both a governance token and a means to pay gas fees within the ecosystem. The protocol claims to be the first to integrate NFTs with social tokens, enabling creators to expand their revenue streams.

The Calaxy App is the initial platform built using this protocol, offering a user interface similar to Twitter and Instagram for creators to market and sell digital assets. Fans can purchase creator tokens using fiat currency, and in the future, $CLXY, allowing them to access various online engagements like video calls and exclusive content. Over 200 public figures have reportedly agreed to launch their own social tokens through the Calaxy App.