COLLETRIX – Where Physical Meets Virtual With Endless Possibilities For Creativity
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OVERVIEW OF COLLETRIX
Colletrix is the blockchain project to unify the elements of IP, blockchain and merchandise to create new market value powered by the world-leading smart contract system, Ethereum.
Colletrix is backed by a talented team from UNDONE, Animoca Brands, Future Arena and Bitwork Accelerator. UNDONE will bring its merchandising expertise to showcase the benefits of blockchain technology for merchandise products, Animoca Brands will introduce its vast network of IP owners and blockchain and gamification technologies, while Future Arena will leverage its strong portfolio of of sports and entertainment IPs – all to create a vibrant ecosystem of IP creation, trading and physical merchandising using blockchain technology.
Colletrix introduces one of the world’s first nonfungible tokens (the “NFT”) that is aimed to be associated with the intellectual property (“IP”) of designs of physical merchandises. Colletrix aims to revolutionize the ownership of IP by introducing protection and perpetual value for IP owners through tokenization, while providing merchandisers and consumers with trust in the authenticity of their purchased products.
Colletrix uses blockchain technology to protect intellectual property (IP) creators and verify the authenticity of merchandise collectibles.
Original IP creators typically lose out when their IP gets transferred or sold. Consumers still need to verify collectibles they buy using archaic methods.
Colletrix grants artists the power to tokenize their IP into a digital asset, allowing them to better protect their IP each time the token is traded. Consumers can verify the authenticity of their collectibles via token information stored on the blockchain.
Thrоugh thе Platform, Colletrix endeavours tо make nеw market vаluе bу incorporating IP tokenization. Wіth thе presentation оf NFT, Colletrix wіll join thе оld economy аnd thе nеw economy. Accordingly, Colletrix wіll dо ѕо tо expand thе probability fоr аll IP proprietors аnd creators аrоund thе world tо mаkе long haul licenses fоr thеіr IP6; аnd fоr merchandisers, Colletrix wіll offer thеm nеw advertise vаluе оn thеіr physical items thrоugh thе application blockchain, boosting thе allure аnd benefits оf thеіr items. NFT incorporation wіll make а dynamic premium іn authorities whіlе giving thеm simple access tо thе crypto advertise, аnd driving tо nеw business openings ѕuсh аѕ thе creation оf establishments. Colletrix wіll bе оnе оf thе fіrѕt tо motivate mass change аnd world monetary reconciliation.
In 2018, UNDONE joined the Bitwork Accelerator Program that aims to support projects with adopting blockchain technology into their business, and now Colletrix will work with Bitwork Accelerator to launch the Project and provide new market value for all Ecosystem stakeholders.
Established in 2014, UNDONE is the world’s leading custom watch label founded by a team of dedicated watch industry veterans. With years of expertise in luxury watch customization, UNDONE has fully mastered the art of customizing unique watches with their own design, as well as creating watches unique to their customers. Having built a sturdy and reliable foundation in the watch industry, UNDONE is ready to bring the whole industry into a new era with the cutting-cutting-edge enhancement of blockchain technology.
Animoca Brands (ASX: AB1) leverages gamification, blockchain, and artificial intelligence technologies to develop and publish a broad portfolio of mobile products including games such as The Sandbox, Crazy Kings, and Crazy Defense Heroes as well as products based on popular intellectual properties such as Garfield, Snoopy, Thomas & Friends™, Ever After High and Doraemon. Animoca Brands is the exclusive China distributor of CryptoKitties. The Company is based in Hong Kong, Canada, Finland, and Argentina.
Future Arena is a digital pioneer in sports IP development and commercialization, cultivating sports IP fanbases and bridging sports brands with their IP partners’ large Chinese fanbase. Their goals are developing IP, creating business models and sharing profit together with the IP owners, including the UEFA Champion League, La Liga, Manchester City, AC Milan, Real Madrid, Schalke 04, Filippo Inzaghi, Claudio Marchisio, Graziano Pelle and more.
Future Arena is also the exclusive partner in Asia with Wyscout, the world’s biggest digital football video data scouting platform, helping Asian professional football leagues, clubs and academies on improving team performance and scouting efficiency.
Bitwork Accelerator is a program for blockchain companies of all stages and helps to match all kinds of specific resources in the private and public sectors. It devotes itself to providing corporate level blockchain business solutions and acceleration. Bitwork Accelerator will be focusing on every angle to help industries locate the shortfalls in the conventional economic model, seek new opportunities and create new economic models with blockchain technology.
The Platform is a newly fashioned business model consisting of mutually beneficial relationships between four parties: the IP owners, the merchandisers, the collectors, the crypto-enthusiasts, and you.
- For IP Owners
The Project aims to provide original IP owners with the access to an opportunity to grant lifetime licenses through the adoption of NFT. The unique masterpiece designs of the IP owners will be incorporated into their unique NFTs, and consequently lead to the creation of an IP-NFT secondary market (the “NFT Marketplace”).
- For Merchandisers
The Project is bringing multiple benefits to merchandisers through this new model. With the incorporation of the NFT, Colletrix is introducing a whole new level of product uniqueness brought by the ability to cross-collaborate with different IP designs. The merchandisers will be able to produce merchandises that are one-of-a-kind through being granted the IP license by holding the NFT (each NFT can be used a limited number of times to produce merchandise and will have certain restrictions on creating further NFT for the protection of the IP owners).
- For Collectors
With the addition of popular IP designs to the appeal of one of the world’s first crypto-physical product integration, the NFT and unique merchandise will be of powerful appeal to collectors, whether they are NFT collectors or merchandise collectors. As the NFT and the physical merchandise will be limited in quantity, the finite supply will generate high competitive demand on the market. The popular IP designs, as represented by the NFTs, will become a whole new collectors’ item for fans.
- For Holders of CIPX
As more famous IP owners participate in the Ecosystem and incorporate their designs by issuing the NFT and merchandise through the Platform, Colletrix will gather more and more collectors and enthusiasts for CIPX, thereby driving up its demand. CIPX will be the main currency for IP tokenization, collection and trading in the Ecosystem. Holders of this currency will be able to freely participate in this IP economy.
How it works
Colletrix will be issuing its very own ecosystem ERC-20 token, the Colletrix Token (“CIPX”). Colletrix uses the ERC-721 protocol for its non-fungible token (NFT). Each NFT represents a unique IP. The ERC-721 tokens are visible on the Ethereum blockchain, one of the largest public chains in the world. Uses include:
- Crypto-exclusive special edition merchandise purchasing
- Marketplace trading
- NFT priority purchasing
- Platform payment
Colletrix will issue its own ecosystem token, Colletrix Token (CIPX). CIPX is a cryptocurrency that is supported by the Ethereum network with the ERC-20 standard. Therefore, all records related to CIPX can be seen using the Ethereum browser.
- Name Token: Colletrix
- Symbol: CIPX
- Platform: Ethereum
- Type: ERC721
- IEO total value: US$ 50,000,000
- Total token supply: 10,000,000,000 CIPX
- Price per token: US$ 0.01
- Initial token pairing: BTC, ETH
- Initial exchange offer
- Team recruitment
- Beta platform and merchandise launch (UNDONE watch related to NFT, IP tokenization)
- First IP x NFT Marketplace Merchandise Development
- More UNDONE merchandise plus NFT collections
Q4 2019 – Q1 2020
- Gamification element to provide incentives for the NFT collection
- Open a platform for the manufacture of pure IP (decoupling merchandise from creating IP, leading to more IPs that are made and tokenized)
- Apply IP merchandising to other products – users must spend CIPX to make NFT with their merchandise
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