In the literal sense, the term IP ( intellectual property) basically means the creation derived from the mind which may involve inventions, artistic works or literary works. It may also incorporate designs, symbols, names or even images created out of one's indepth mind. Basically there are certain laws or reforms that guides intellectual property works such as copyright laws, trademark reforms or patents laws and all these laws or reforms are set in place just to make sure that the original owners of the intellectual work are compensated financially or given a form of recognition in regards to their basic intellectual invention.
But however, the current intellectual property reforms are faced with setbacks which includes: the issue of intellectual theft (piracy) which is already on the rise which involves duplicating the original products of ones intellectual creation and then deriving profits from it with the basic consent of the rightful owner. Also other issues faced by intellectual content owners also includes: Additional cost of registering their content with the appropriate laws in other to give them full protection from the general public and this additional cost maybe depending on how complex their content, product, design amongst others is.
But however the Project Colletrix is on the verge to help intellectual content owners to earn full royalties from their creations through tokenisation through the launch of NFT which is a " non-fungible tokens". Combining or better still attributing tokenisation concept to intellectual property, the project colletrix is not only going to revolutionise the market merchandise but will also help or ensure that intellectual content owners get what they actually deserve.
THE PROJECT COLLETRIX.
The project Colletrix or the Colletrix platform is a platform that aims to utilise the blockchain technology system to create a new market value for intellectual content owners. The blockchain technology system is refered to as a technology which is based on providing solutions to cryptography related models and also a technology that is decentralised and also with highly rated security as well as low cost thus with blockchain technology system, the colletrix platform will ensure that information as well as transfer records pertaining to intellectual contents are transparent as well as unchanged for every content owner to easily track their content while been rest assured that their content is well protected. Through the project Colletrix, interest of collects are rendered effective and also their privileges in regards to their intellectual property are maximised. Also with the platform, consumers as well as collectors have the profound privilege of giving their full supports to their favorite brands, athletes by buying as well as trading their collectibles.
TOKECONOMICS
The ERC-721 are refered to as digital assets that will stand in as royalties for intellectual property of individuals which will also be paired with merchandise and can also be traded as digital collectibles within the platform. The colletrix platform will basically make use of an ERC -20 compatible token which will be refered to as the "Colletrix's utility token" which in short is termed the "CIPX" but will be offered to intrested buyers through an IEO initiative and it can also be used for purchasing merchandise , NFT trading as well as other payment means within the platform.
TO KNOW MORE ABOUT THE COLLETRIX PLATFORM
LinkedIn: https://www.linkedin.com/company/colletrix
Join the Telegram Group: https://t.me/colletrix
Facebook: https://www.facebook.com/colletrix.io/
Follow on Twitter: https://twitter.com/colletrix
Website: https://www.colletrix.com/
Whitepaper: https://www.colletrix.com/wp/en/ColletrixWhitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5138397.0
Writer's Bitcointalk Username: Musekay
Writer's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2070957