When it comes to the discussion of Intellectual Property (IP), security becomes one of the main issues. There are a lot of cases in which IP creators face a difficult situation when their IP is sold or transferred.
Colletrix comes with a smart solution to make sure that the original IP creators will be protected. Get to know more about this digital company in this following article.
Colletrix – What Is It Actually?
Colletrix is a digital company which is supported by a talented and professional team from Bitwork Accelerator, Future Arena, Animoca Brands, and UNDONE. The company utilizes blockchain technology in order to give thorough protection to the original creators of Intellectual Property (IP) as well as verify the merchandise authenticity.
Colletrix also comes with a specific mission to revolutionize the Intellectual Property ownership simply by introducing perpetual value and protection for the original creators of the IP via tokenization. The company also makes sure that the consumers and merchandisers get trust related to the authenticity of the products being purchased.
Each team that backs Colletrix has their own roles in supporting the digital company.
The Bitwork Accelerator supports the company by adopting blockchain technology in the business while the Future Arena works to leverage the strong portfolio of IP’s entertainment and sports.
Meanwhile, the Animoca Brands aims to introduce a vast network of the blockchain technology and IP owners while the UNDONE will make the merchandising expertise to reveal the advantages of blockchain technology for the products used as merchandise.
The team will work together to establish a vibrant ecosystem in the creation of IP, physical merchandising, and trading by utilizing the blockchain technology.
What You Can Get from Colletrix?
There are three main participants in the operating system of Colletrix, they are IP creators, consumers, and merchandisers. The blockchain technology applied will make sure that each of the participants will get the best from the company’s services.
For the IP creators, the smart contracts offered by the company will make it possible for them to get their works tokenized. In this way, the original IP creators can turn their work into a digital asset and it will be secured by the blockchain technology. It will also allow them to trace the transaction activities as well as gain licensing fees from each perpetuity of the sale.
The consumers will be able to verify their collectible and make sure that it is the real one. The blockchain technology can also help the consumers to support their artists by selling the tokens they have collected before on the Colletrix Marketplace.
Meanwhile, the merchandisers will be able to build more business opportunities by working together with the owners of Intellectual Property. The blockchain technology applied will also make it possible for the merchandisers to draw in more clients from the crypto-gaming communities and artists.
The Colletrix token which is called CIPX will be used in the Colletrix ecosystem ERC-20 token. CIPX will be used to empower the company’s operating system. Colletrix also utilizes ERC-721 protocol for NFT. It is a non-fungible token that represents a unique IP.
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