COLLETRIX: SETTING THE PATH TO BLOCKCHAIN ADOPTION IN THE IP INDUST...

Before now it is actually a herculean task achieving most things in the world today which are technology-based, it is not as if the technology isn't available but rather the process required to access it is tasking. There are innovative platforms one would like to build as a startup but without adequate tools ends up abandoning it.
Actually, there may be investors who might try to help but nothing worths more than being in charge. Why all these one might ask? It's to prepare our minds about some of the possibilities within blockchain technology.

In blockchain technology, there is something or a feature called tokenization whereby a business or platform can be tokenized thus making it possible for someone to launch a business thereby being in charge.
Tokenization will also make it possible for users to list and trade their supported cryptocurrencies easily; and talking about one of such tokenization platform is COLLETRIX.

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WHAT IS COLLETRIX ALL ABOUT?

Colletrix is not like the regular tokenization blockchain platforms we used to know, in this case, it is something more as the team is highly experienced. Colletrix is based on blockchain, Ethereum blockchain to be precise while its team is filled with members from UNDONE, Animoca Brands, Future Arena and Bitwork Accelerator thus building Colletrix in such a way that it will transform the ownership of IP through enhancing protection and value for these IP owners. All these will be made possible through tokenization which then leads to merchandisers and consumers having trust in the authenticity of goods they purchased.

Like earlier stated, Colletrix team is from UNDONE etc, thus with the experience from UNDONE, the benefits of blockchain technology will be shown vividly on merchandise products. Also, Colletrix team will use experience from Animoca Brands to offer a huge network of IP owners, blockchain as well as gamification while Future Arena, on the other hand, will make the presence of sports and entertainment portfolio possible within Colletrix platform.
With these, it is evident that Colletrix is an ecosystem built on blockchain while making IP creation, trading, as well as physical merchandising to be possible.

Another possibility within Colletrix is that, it is built to be a platform where non-fungible tokens (NFT) will be connected with Intellectual Property (IP) designs of physical merchandises which in the long run makes Colletrix the world's first platform to offer non-fungible tokens (NFT).

WHAT COLLETRIX OFFERS

In order for Colletrix to achieve its aims, there is a need to solve existing problems thus creating a path to efficient results.
But what are these issues?
The first issue is the fact that counterfeit merchandise is continuously gaining attention while the genuine one keeps dropping in value; this does not only affect the value of collectible merchandise but also alters a consumers faith in the original product. Also, the absence of the knowledge of blockchain technology has paved the way for untrusted transactions, processes etc at the same time the value returns of IP owners have proven to be scarce and unstable.

Solution:
The main solution Colletrix offers is the use of NFT which is believed to be the right tool which will expose users into discovering more value for already existing markets, the end result of this is the creation of a new market value one which is will work with IP tokenization integration. Therefore with this new market value, Colletrix will succeed in increasing more possibilities for IP owners as well as creators in any part of the world as they will have an IP license with a longer life span.

In the same way, for merchandisers, Colletrix aims to use blockchain to provide a new value market based on their products thus improving the benefits associated with the products. On the other hand, is collectors; with the Introduction of NFT their benefits and interest will be taken into account while they are offered easy access to the cryptocurrency market in the long run leading to new business opportunities.

CONCLUSION

Before now, the IP market has been on downtrend owing to the limitations such as the absence of blockchain which then leads to ill activities taking place but with Colletrix leveraging blockchain it will create a new value market which will be transparent while offering benefits to all users. To create this value market, Colletrix will utilize Ethereum blockchain whereby it will have two ERC protocol tokens; one will be an NFT token under ERC-721 while the other will be a utility token under ERC-20 known as CIPX (Colletrix Token).