HOW COLLETRIX PLATFORM ENABLES THE MONETIZATION OF THE IP CREATED BY THE IP OWNERS
The use of digital transactions has been a common practice among people today, and this has recorded tremendous success through blockchain based platforms. This allows the removal of third parties in the payments aspect. Its mass usage is been embraced by the masses and this increases its popularity and its adoption.
Colletrix is blockchain based market created for the use of stakeholders and all those who use the ecosystem for secure and safe transactions. In addition, the cryptocurrency is used as a form of payment to quicken the initiation and completion of a transaction.
Colletrix platform enables the monetization of the IP created by the IP owners. It will be of great benefit for merchandisers when a large portion of sales is been recorded on one particular brand from the product. Consumers and collectors can offer some assistance to characters of interest by patronizing in buying and exchanges.
The colletrix platform will kick start when IP is been created by the owner. Then the IP created will be typed into NFT. The NFT will be linked to merchandise. Then, consumers can proceed to buy merchandise and NFT redeems. After this, trading of NFT IP commences which makes the owner receive a licensing fee. And in the end, the last collector will get a different NFT for appreciation.
WHY BLOCKCHAIN TECHNOLOGY IS BEEN USED BY COLLETRIX
This is because it ensures the security of NRT information and transfers record, it also makes a transparent view of every transaction that the NRT is been involved. This will make it easy for users to be able to look after their data with great confidence. The blockchain also provides for the colletrix platform a good security system which makes the digital transaction easy and to be trusted. The blockchain is expected to be the solution to a lot of setbacks confronting the digital world.
IP OWNERS BENEFITS BY USING NFT
IP owners can use NFT in the ecosystem, this will give the power of choice to them to make a decision if to retail the NFT as an appreciation value or to sell it off. Sales can be made on the NFT Marketplace intended for other users. The platform provides for the IP owners enormous options to make trading easy and convenient.
USES OF CIPX
Due to colletrix adoption of the blockchain technology, it makes use of CIPX tokens as its cryptocurrency. CIPX can be used for the following:
To purchase merchandise
Can be used as a form of payment
It makes colletix unique among its peers
Can be used for NRT priority purchase
Can be used as an access to gamification
The blockchain technology has been a great achievement and its mass adoption has been encouraging since it was discovered. The digital transactions should be looked into to enhance its security and simplicity. An enhanced security system should be built to accommodate digital transactions. One of the secured platform built to rise to these needs is the colletrix platform.
Colletrix provides a high level of security for transactions to take place and also make sure the users are safe. The platform is been made to be beneficial to IP owners and all those involved in the use of the ecosystem for their transactions.
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Author – Giletto