Solo Ceesay | Source | CEO and Co-Founder at Calaxy
Solo Ceesay
Solo Ceesay is CEO and Co-founder at Calaxy. Before co-founding Calaxy with his business partner, Brooklyn Nets star Spencer Dinwiddie, Solo held the position of Securitization Investment Banker at Citi after graduating from the Wharton School of Business. As a 28-year-old tech founder, Solo has successfully spearheaded over $33.5 million in private funding for Calaxy. He was named one of Variety’s Hollywood’s New Leaders of 2022, and has brought his financial expertise to many mainstream audiences including Nasdaq, CNBC, and Cheddar News, as well as on his own video podcast New Money. You can follow Solo on Instagram and Twitter.
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Calaxy
CEO and Co-Founder
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How subscription social media can lead to mass DLT adoption
Pay-for-play on Web 3.0 will instigate big shifts from centralized social media to community-driven platforms, writes Solo Ceesay of Calaxy. How would it work?
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Straight Shot: How Sports Stars Are Sidestepping Middlemen in Web 3.0
The concept of cutting out the middleman has long been synonymous with efficiency, streamlining and savings. As new as the decentralized architecture of Web 3.0 may be, it’s propelling this well-established idea into the everyday realm of content creation and distribution, and sports stars are at the vanguard. Calaxy, co-founded by former U.S. National Basketball Association player Spencer Dinwiddie and former banker Solo Ceesay in 2020, is a platform that defines itself as an “open social marketplace by creators, for creators” powered by “social tokens,” through which creators can monetize their engagement with fans.
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Twitter and TikTok embrace NFTs: Mainstream adoption incoming?
Social media giants embracing NFTs could be the start of a new reputation system used in an increasingly digital world.
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Tariffs' Impact on Fintech and Crypto: Insights from Calaxy CEO
Solo notes that while tariffs surprise global markets, Bitcoin's role as an inflation hedge is not yet evident. He highlights falling consumer confidence and rising living expenses affecting markets, with Bitcoin trading like a tech stock. The rising 10-year yield suggests skepticism about the US tariff strategy's long-term prospects.
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Professional athletes and celebrities accepting compensation in the form of crypto provide positive signaling to the market as the high volatility of the asset class has quelled investor appetite.
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Social media should be about building connections and bringing creators and fans closer together. We’re honored to have received the support of such high-caliber investors who will aid us in our vision of building a more meaningful, consolidated social media platform.
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By creating an NFT, creators are able to verify scarcity and authenticity to just about anything digital. To compare it to traditional art collecting, there are endless copies of the Mona Lisa in circulation, but there is only one original. NFT technology helps assign the ownership of the original piece.
