Lokesh Choudhary · · 1 min readSG crypto firm Galaxis nets $10m to expand Web3-based community builder
Galaxis founder Andras Kristof / Photo credit: Galaxis
Singaporean blockchain startup Galaxis has secured US$10 million from backers including Chainlink, as well as Ethereum Name Service (ENS) and ENS’s co-founder Nick Johnson.
Galaxis offers a community management platform that uses digital membership cards in the form of non-fungible tokens to build and reward communities.
The company also offers its platform to non-Web3 communities.
Its CEO Andras Kristof said Galaxis is a “post-hype NFT utility platform,” giving the tech “real value to businesses and individuals in all industries beyond Web3.” Kristof had previously worked with Ethereum since its early days and helped install the first batch of Bitcoin ATMs in Singapore.
Incubated by CoinMarketCap, Galaxis said it has already sold over 225,000 NFTs as a “white-glove service” – meaning they are customized – and plans to further expand distribution through its platform.
Recently, Galaxis announced a US$1 million grant program for community creators and members. The company has also created its native token designed to streamline operations by reducing reliance on third-party tools. An initial DEX offering will be conducted on Bybit, a cryptocurrency exchange platform.
Editing by Miguel Cordon and Dhania Putri Sarahtika
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