Cryptocurrency has gone a long way in revolutionalizing the world at large, so many exciting and relieving adjustments have been made to make life habitable for man ever since its invention. Massive adoption has also come for blockchain in recent times seeing as big and gigantic companies are beginning to embrace the technology in order to tap from the comfort and relaxation it offers.
Most recently more notable companies are trooping into the space to make their mark. Notable among these companies are undone which is a big Asian company that produces high qualify watches, bitwork accelerator, future arena and animoca brand. These companies are not coming into the crypto space as the usual investors that we know but they are rather coming with the sole aim of creating their own crypto project in order to pursue a collective goal, which is creating a fantastic crypto project called colletrix.
Colletrix
Colletrix is a project created to help protect the rights of intellectual property owners around the world, the goal of the project is to ensure at the end of the day that whenever any content is being created, whoever creates it is able to enjoy the dividends that comes with it for a lifetime by being able to issue life long licenses to consumers.
The colletrix ecosystem
The colletrix ecosystem consists of 3 main components, and this includes the consumer, seller of commodities and creator of Intellectual properties. This platform serves to provide multiple benefits to the 3 people mentioned above, and how it does this will be explained briefly below.
To intellectual property owners
This platform serves to provide great benefits to owners of intellectual properties by ensuring that the right price is being paid for the consumption of their commodities. This is done by creating a non-fungible token( NFT) which is identical and unique to each intellectual property created, and as a result only creators of these IPs will be able to give licenses to users through tokenization.
Benefit to consumers
The benefit of this platform to consumers is that they will be afforded the opportunity of buying only authentic products from sellers, thereby eliminating the chance of buying any product that is either of low quality or outrightly pirated. All these is made possible through the creation of NFT due to its uniqueness and peculiarity to a particular intellectual property.
For sellers
It provides more market and bring more business opportunities than for them by expanding their coasts beyond just the physical world but to the digital world as well.
This ecosystem is one that will be highly beneficial to all involved and to the crypto world as well, thereby making it a win-win situation for all and sundry
In summary, I think the project is one worth giving a shot and if the hype and backing it has are anything to go by, then it won't be a surprise seeing this project succeed beyond measures in the nearest future. So I advise you all do a research on this project and indulge if you are convinced.
The following links could be helpful:
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: Odetolala
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2433138;sa=summary