The journey so far has been good and worthwhile, but it hasn't entirely being without its own hassles. The blockchain industry suffered tremendous criticism and early setbacks when it was newly launched, but over the years the story hasn't quite been the same, more and more people are beginning to grow believe in this system and are trooping in as a result.
Colletrix a recent blockchain company whose base is in Asia and are about to put together one of the best platforms the crypto space has ever seen. And this platform will be beneficial in a lot of ways. One of the key benefits of this platform is in protecting the right of intellectual property owners and ensuring they get handsomely compensated each time their IPs (intellectual properties) are being utilised by third parties.
More on Colletrix
Colletrix is a team supported by developers from undone, future arena, bitwork accelerator and animoca brands. What they aim to do is disrupt the IP industry for good by tokenizing intellectual properties by integrating it to blockchain. This is achievable through creation of a non-fungible token ( NFT), which each NFT will be symbolic and peculiar to each intellectual property.
And by this, intellectual property owners will be able to earn passively and justly each time their IPs are being used. They will be able to offer licenses to people who intend to use their IPs through NFTs, which can be traded via the IP-NFT market place.
Major setbacks of the IP industry
Most IP industries and owners are not aware of the numerous dubiousness currently ongoing with their intellectual properties, this is mainly because the said thieves usually impose as the actual creators and sometimes keep their identities anonymous.
What they do is, recreate the original content to a substandard quality and and sell to consumers at a price cheaper than what the original costs, thereby keeping the actual creators out of business.
How colletrix solves this
Colletrix hope to provide a lasting solution to this issue by building a platform that allows intellectual property owners to make a fortune out of their contents by ensuring they get rewarded each time their contents are being used. Tokenization made this possible. And not only will this platform be beneficial to IP owners, it will equally be beneficial to consumers as well, since they are guaranteed of always getting the best and the original as well from vendors. To merchandisers, it create more business for them, and helps to greatly expand their territory, business wise.
Token details
Colletrix is fully erc20, and that means it will be built on ethereum, the total supply of the token will be 10 billion. The token's ticker is CIPX and each will be sold at approximately 0.01$ at the IEO.
Summary
Besides the fact that colletrix has the right backing required to succeed, I feel the project also has the hype. Asia has always been the hub of crypto in the world and it's citizen are usually very excited about everything blockchain, seeing that colletrix happens to be resident in Asia, I am very confident it will yield positive results.
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: Dimkpakpa
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2433138;sa=summary
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