Join Galaxis as it aims to revolutionize NFTs beyond digital art
Galaxis, a cutting-edge Web3 platform based in Singapore, has successfully secured $10 million in funding for the upcoming launch of its token. This impressive milestone was achieved with the support of renowned investors such as Chainlink, Ethereum Name Services (ENS), Rarestone Capital, Taisu Ventures, and Nick Johnson, the co-founder of ENS.
- The significant funding also stemmed from the sale of over 11,000 “Galaxis engines,” contributing to the total amount raised.
- Galaxis serves as a platform that empowers creators and brands to release collections of non-fungible tokens (NFTs).
- Noteworthy collaborators of Galaxis include prominent figures like DJ Steve Aoki, actor Val Kilmer, and NBA star LaMelo Ball.
Galaxis’s Pioneering Approach to NFT Technology
Having sold over 225,000 NFTs in the last two years, amassing more than 32,000 ETH (approximately $100 million) in secondary NFT sales, Galaxis is now gearing up for “mass distribution.” The company’s CEO and co-founder, Andras Kristof, noted that the next phase for the company involves seeing their native token, GALAXIS, energize the ecosystem.
- As a post-hype NFT utility platform, Kristof believes that NFT technology will offer tangible value beyond mere hype, transcending into various sectors beyond Web3.
- Galaxis, which is incubated by CoinMarketCap, enables individuals and brands with communities to establish engagement and reward mechanisms via NFTs, bypassing the need for third-party tools. This leads to the formation of an integrated economy for community management.
Bybit’s Partnership with Galaxis for an IDO
Bybit, a prominent cryptocurrency exchange globally, has revealed its plan to host an Initial DEX Offering (IDO) for Galaxis on its Web3 platform. This move aims to streamline the fundraising process through decentralized exchanges.
- An IDO is a fundraising mechanism leveraging decentralized exchanges, allowing investors to acquire new tokens through liquidity pools, differentiating from the centralized exchanges utilized in ICOs.
- The subscription period for the IDO commenced on May 3rd and will run until May 7th, followed by a three-day gap before the token’s presentation, acquisition, and listing, slated for May 10th.
- The token, denoted by the symbol “GALAXIS,” will have a finite supply capped at ten billion units. Interested participants must possess a Bybit wallet containing a minimum of 300 USDC on the Ethereum blockchain to partake in the IDO.
Galaxis: Forging a Connected Web3 Ecosystem
Emily Bao, Bybit’s Web evangelist, expressed alignment between Galaxis’s vision and Bybit’s ethos, focused on supporting innovative Web3 projects. Bybit remains steadfast in championing a more interconnected, open, and equitable Web3 landscape, with the Galaxis initiative marking a pivotal stride towards realizing this aspiration.
Hot Take: Get Ready for the Galaxis Revolution!
Prepare to witness a transformative shift in NFT technology and decentralized fundraising as Galaxis surges ahead with its groundbreaking initiatives and solid partnerships. Join the Galaxis movement today and be part of the evolution of NFTs beyond digital art into a realm of boundless possibilities!
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