Colletrix is the first platform to have ever recognized IP owners and the challenges that they face. It sorts to bring more light to IP owners, giving them the credit that they deserve for the wonderful works done, most especially introducing them to the Blockchain technology for more efficiency, productivity and profit maximization. It is an awesome project. It is not only also beneficial to IP owners but also to merchants by infusing then so as to give users and collectors the best experience. I call it the smart economy because it integrates the old model of economy with the new model so as to create a whole new different ecosystem. It is a milestone of a new era for the merchandise and IP industry.

Permit me to say that we are in the world where IP owners are not been given the credit due to them, being neglected and also not properly introduced to the Blockchain ecosystem which is among the problems Colletrix has sorted to solve. The major problem which Colletrix tends to solve is the recession value and revenue generated from licensing for the original IP owners. To help solve the problems that are in existence, it’s the first Blockchain technology to have ever introduced the NFT tokens for IP owners of designs of physical merchandises. NFTs are special type of cryptographic token which represents something very unique; attributes which is so different from the normal cryptocurrency. It is in contrast to cryptocurrencies like Bitcoin and many other network or utility tokens that are fungible in nature. It can’t be exchanged with other cryptocurrency but will be used in this amazing platform.

The reason why it is used in the platform is to create a verifiable digital scarcity which will be used in the gaming and other collectibles with different functionalities already been assigned to UNDONE, ANIMOCA, FUTURE ARENA AND BITWORKS. The awesome thing is that while in the game assets which will be done by Animoca, it will be controlled by the users definitely and not by developers or by any other party. So the user has a decentralized power to control how it goes and how it does not. That is one of the benefits one can see in this platform.

Secondly is the problem of fake products and counterfeit wares, products, commodities sold in the world today. The reason why it is a very big problem today is because the sins of the fake and counterfeit merchandise are been robbed also on those who sells authentic and real products void of counterfeit. It does not only reduce sales but it also reduces clients. This problem is solved y Colletrix as all products present or sold in the platform are authentic and original, this made possible with the various features of technological verification already put in place. Colletrix technology provides merchandise with authentication verification to provide proof of ownership and authentication proof. Colletrix further provides and offers a new market value on their commodities through Blockchain application, maximizing the productivity and benefits of their products.

Collectrix is a Blockchain technology platform built on Ethereum that unifies the elements of IP, Blockchain and merchandise so as to create a new market value powered by the world leading smart contract system. It is beneficial to IP owners, merchandisers, consumers and collectors. For example, IP owners are given the opportunity to earn by basically do what they love, to monetize the use of the IPs. the benefits of Collectrix are further highlighted below. jin this awesome project today.

UNIQUE VISIONS OF COLLETRIX

Written by: Ogkendra