Explanation of the RLY ecosystem and the subsidiary projects
The RLY ecosystem encompasses both the non-profit RLY Network Association and subsidiary projects which are built on top of RLY protocols. The RLY ecosystem was set up in August 2021 with a RLY Network Decentralization vote. Read more about the vote here and the discussion around the decentralized proposal here.
RLY Network Association
The RLY Network Association is in charge of building and maintaining the core blockchain technology, oversee network protocols and rewards, and oversee the $RLY community treasury.
Brief Summary: Helping creators, artists and brands in Asia to launch their own personal cryptocurrencies and NFTs in a seamless digital economy with their communities by offering multiple benefits and access points
Attract, recruit and retain successful creative communities in Asia and help them launch and grow their independent economies.
Serve the unique cultural, language and regulatory needs of their creators as well as the unique social media and creator platforms native to the region that are not present in the West (LINE, Kakao, WeChat, Douyu, etc).
As separate projects, this team can work more quickly than a single monolithic project serving creators, regulators, and social platform integrations across Asia.