Preface
Today as always I am bringing your way a fantastic crypto project called colletrix and I hope that you find it interesting. The major scope of the colletrix project is to create an ecosystem where creators of contents will be able to lay claims on their intellectual properties and get due compensation and acknowledgement for their works at every point in time.
The colletrix project has a non-fungible token (NFT), this token is used in linking intellectual properties (IP) to their respective owners. The project aims to bring intellectual properties, blockchain and merchandise under a single umbrella, this is made feasible via the use of the non-fungible tokens (NFT) and the tradable colletrix tokens (CIPX) which makes up the ecosystem.
More on colletrix
Colletrix is structured on the blockchain technology, and it's primary objective is to help protect the right of content creators by integrating some kind of content licensing structure on the blockchain. Protocol ERC-721 is what colletrix utilises, on this system each of the intellectual properties are duly represented by an NFT.
Importance of colletrix
No doubt the world is fast becoming digitalised, an approach that is really cool, but one of the down sides of digitalisation is theft of intellectual properties. What colletrix does is to help offer protection to this sort of users through utilisation of the block technology, it also helps authenticate merchandise collectibles. By the virtue of this, content creators are advised to reform their respective intellectual properties to digital currencies through the aid of tokenization. This makes it possible for their IPs to the tradable while they also monitor it from their own end, through the help of colletrix platform. So therefore, content creators are allowed to earn from each sale made on their IPs.
It also creates an enabling environment for buyers and sellers of intellectual properties to meet and transact on a very fair, honest and transparent platform made available by the colletrix ecosystem.
The colletrix tokens
Two major tokens are associated with the colletrix platform, first is the NFT tokens which is non-tradable. The second is the platform's tradable tokens called CIPX. The NFT tokens is directly associated with the IP design because it helps to connote originality and ownership of an intellectual property. While NFT is ERC-721, CIPX is strictly ERC-20.
The project holds really huge prospects for the future, seeing as IP owners will be able to enjoy tremendous benefits for their licensing fee once they are on this platform. The resulting ecosystem will be such that both merchandise, content creators and the blockchain ecosystem as a whole will be able to benefit.
Final notes
Colletrix aims to be a win-win ecosystem for everyone that will be involved in it. The main goal is to create an environment where intellectual content creators will be able to create contents freely without the fear of them being hijacked. The project has also secured a number of high profiled partnerships which I will be discussing extensively in my next article, I hope that you find it and the subsequent ones helpful.
For more detailed information see the links below:
Website: https://www.colletrix.com/#
Whitepaper: https://www.colletrix.com/Colletrix_whitepaper_20190430_1.pdf
ANN: https://bitcointalk.org/index.php?topic=5138397.0
Facebook: https://www.facebook.com/colletrix.io/
Twitter: https://twitter.com/colletrix
Telegram: https://t.me/colletrix
Linkedin: https://www.linkedin.com/company/colletrix
Author: Jigawagawa
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2433128;sa=summary