Crypto Altruism Podcast Episode 124 - Calaxy - Building a fairer, more trustworthy creator economy with blockchain
In episode 124, we’re excited to welcome Chadd Weston, Chief Design Officer at Calaxy, a next-generation social marketplace that is using blockchain to usher in a new era of Creator monetization and fan engagement. We discuss how Web3 can help build a fairer creator economy, restoring authenticity in the creator-fan relationship with on-chain provenance, combatting AI deepfakes with blockchain, building on Hedera Hashgraph, and much more.
Three Key Takeaways
Blockchain can help restore trust in the creator-fan relationship through on-chain provenance and decentralized identification, allowing creators to prove, without a doubt, that they are who they say they are, and allowing them to engage in more authentic interactions with followers.
In a world where the signal-to-noise ratio is all off thanks to AI Deepfakes, the transparency and immutability enabled by blockchain will be a gamechanger in helping social platforms address AI deepfakes and restore a more balanced signal-to-noise ratio.
Web3 enables ownership in the creator economy in a way that hasn’t existed before. Creators can now have true ownership over all their content and the network they spent years building, while having a greater opportunity to monetize their content and build a career as a Creator.
Follow Chadd and Calaxy
Episode Time Stamps
02:15- What was your “Ah hah” moment that got you excited about cryptocurrency and web3 in the beginning?
04:05 - As a creator myself, this topic is something I’m particularly excited about – but to lay the groundwork, can you share with listeners some of the challenges that exist in the current creator economy?
06:05 - How does Calaxy look to address these challenges, and build a more fair creator economy?
07:55 - Walk me through the process of getting set up as a creator, and the different tools and features available to them to grow their community and monetize.
10:40 - I understand that Calaxy is built on the Hedera network – why did you choose to build on blockchain, and with Hedera more specifically?
13:15 - How can Web3 tools, like blockchain and NFTs, help redefine the creator-fan relationship?
16:55 - Back in 2022, Calaxy launched it’s inaugural NFT drop: “Myro: An Origin Story”, which I understand you were responsible for creating. Tell me more about the drop.
19:40 - The Web2 social media landscape has been plagued with issues related to data privacy unethical conduct – how can blockchain help improve upon traditional social media platforms, and protect users and creators?
22:30 - In a perfect world, where do you see Calaxy in 5-10 years?
25:15 - What’s the best way for listeners to follow you and learn more about Calaxy?
26:00 - To wrap things up, if you could name one thing that excites you most about the social impact potential of web3, what would it be and why?
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DISCLAIMER
While we may discuss specific web3 projects or cryptocurrencies on this podcast, please do not take any of this as investment advice, and please make sure to do your own research on potential investment opportunities, or any opportunity. We host a variety of guests on this podcast with the sole purpose of highlighting the social impact use cases of this technology. That being said, Crypto Altruism does not endorse any of these projects, and we recognize that, since this is an emerging sector, some may be operating in regulatory grey areas, and as such, we cannot confirm their legality in the jurisdictions in which they operate, especially as it pertains to decentralized finance protocols. So, before getting involved with any project, it’s important that you do your own research and confirm the legality of the project. More available HERE.
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