Bitcoin

Communities have always been the lifeblood of Web3. For all its technological prowess, Bitcoin would not be where it is without the all-hands-to-the-pump attitude of its early developers, adopters, builders, and champions. Without the memes, videos, blogs, books, codes, and events eagerly disseminated by its devotees.The same can be said of the numerous successful networks that have launched since Satoshi published the Bitcoin whitepaper, as well as the uncountable projects and dApps emerging in recent years. Without the colorful community and commentariat at the heart of crypto, the entire movement would be a fraction of its current size – and much less exciting.Into this milieu comes<a href="https://galaxis.xyz/" rel="noopener noreferrer nofollow"> Galaxis</a>, a decentralized, no-code platform that seeks to redefine community-building and subscription-based economies, and make it more intuitive, valuable, and sustainable. Not just for projects themselves but also for regular users, digital asset traders/collectors, and creators.<h3 id="galaxis-gears-up-for-launch">Galaxis Gears Up for Launch</h3>At its core, the Galaxis platform is designed to facilitate the growth and sustainability of Web3 movements, offering an innovative environment where creators and communities can connect in meaningful ways. Built around a robust economic model, Galaxis effectively enables users to monetize their creativity while fostering genuine community engagement, be they open-source projects, artists, athletes, scientists, or politicians.A standout feature of Galaxis is its customizable membership cards. These cards are not just digital tokens; they represent a new way for projects/issuers to nurture supporters via novel engagement models, rewards, gamified content, and more. Each membership card NFT can be uniquely tailored to reflect the identity and brand of the community represented, offering utilities, features, functions, and benefits. From granting access to real-world experiences to unlocking coveted digital items, these versatile cards represent impactful value propositions for users of all stripes.Cards are just one aspect of what makes Galaxis tick, however. Galaxis communities also control their very own vaults, treasuries populated with digital trinkets like NFTs, badges, and the platform’s token: $GLX. There are also community marketplaces that facilitate safe trading, enhancing the overall user experience. As for the $GLX token, it’s variously used for making payments, voting and engaging in community events.Currently gearing up for its highly anticipated late Q1 launch, Galaxis has grand ambitions to become the foundational layer of the Web3 community economy, a launchpad for dynamic communities in virtually every sector. While this sounds like a lofty objective, such confidence does not seem misplaced, given the team’s track record and backing.Funded by Web3 venture capital firm <a href="https://www.rarestone.ventures/" rel="noopener noreferrer nofollow">Rarestone Ventures</a>, Galaxis was co-founded by Andras Kristóf, a Web3 pioneer and seasoned entrepreneur whose track record includes bringing the first Bitcoin ATM to Asia and founding an IoT company for sustainable urban food production. Kristóf was also the CTO of video streaming service Viki.com, which was eventually sold to Rakuten for $200 million. Since 2013, he has mostly operated in the Web3 space – “building stuff on Ethereum since the beta days,” as he puts it.“With Galaxis, we can actually fundamentally change how open-source projects, ecosystem projects, educational projects, social good projects, projects that are usually good for people, but not very good for VCs, can fund themselves,” says Kristóf. “If you give valuable things to your community, then your community will support you.”<h3 id="making-a-splash-in-the-nft-space">Making a Splash in the NFT Space</h3>Galaxis has already demonstrated its potential through a series of high-profile, utility-driven projects with names like Mike Tyson, Val Kilmer, and Steve Aoki. These projects and others, powered by the same tech that will be available at Galaxis’ launch, have seen over 225,000 NFTs sold and more than 32,000 ETH generated in secondary markets.Last year, Galaxis achieved many notable milestones, including the successful drop of the<a href="https://ens.galaxis.xyz/" rel="noopener noreferrer nofollow"> ENS Equinox Collection</a> in collaboration with Ethereum Name Service founder Nick Johnson. The platform also hosted and participated in a slew of community events, forged many key partnerships, and integrated with the Arbitrum blockchain and Chainlink’s interoperability solution CCIP.At the tail end of the year, Galaxis also announced the<a href="https://medium.com/&#64;Dreyville_Crypt/win-a-cryptotrunk-with-galaxis-230925ff11d8" rel="noopener noreferrer nofollow"> Punk Royale tournament</a>, offering participants the opportunity to win 3 coveted CryptoPunk NFTs worth around $80k each. Registration for the first tournament ends on the 6th of February, and the tournament will start the next day.The<a href="https://galaxisxyz.medium.com/galaxis-integrates-chainlink-ccip-to-unlock-cross-chain-token-gated-communities-b5dd2715f823" rel="noopener noreferrer nofollow"> CCIP integration</a> was particularly noteworthy, with the pair joining forces to enable the creation of cross-chain digital membership cards, paving the way to seamless token-gated community spaces. As well as allowing Galaxis users to move tokens between supported chains, CCIP effectively enables community-builders to determine their own destination chain.As Galaxis prepares for its TGE, it seeks to usher in a dynamic new era in community building. One that acknowledges the power and influence of Web3 users, and the need for projects to leverage that audience to deliver greater value. With its commitment to decentralization, user privacy, and longevity over speculation, Galaxis is a project worth watching.

Galaxis Technology: An Innovative Approach To The Subscription-Based Economy

Table of Contents

TheNewsCrypto

Other articles published on Feb 6, 2024

Top Crypto Gainers Today Feb 6 – Ethereum Name Service, Hedera, Gnosis, Uniswap

Forward Celebrates Milestone Listing on KuCoin Exchange

Crypto Prices Today: Bitcoin, Ethereum, Pepe Coin Recover As Solana & BNB Dip

Is Kelexo (KLXO) Crafting the Next Chapter in Crypto? What Part do Avalanche (AVAX) and ORDI (ORD...

Bybit launches fundamental analysis toolkit for sophisticated crypto investing

Solana Mainnet Beta Experiences Outage, Network Restarted after Patch Deployment

Join our free newsletter for daily crypto updates!