Colletrix — Bridging the Physical World and the Virtual World

4 min readJul 3, 2019

When an intellectual property is sold, the original maker usually loses. Consumers still need to verify the collections they buy using traditional methods. Now here Colletrix uses blockchain technology to protect the creators of intellectual property (IP) and verify the authenticity of collections of merchandise.

Colletrix gives artists the ability to convert their IPs into digital assets, enabling them to better protect their IPs whenever a token is traded. Consumers can verify the authenticity of their collections through token information stored on the blockchain.

Colletrix is a young platform at the moment, but even at that time it has shown a big prospect that shows clearly what it has for the future. The fact that the project team came from Asia was enough to make it successful, but beyond that they were also big, experienced and diligent. So this platform is one that you have to watch out for.

Colletrix gives artists the ability to transform their IP into digital assets, enabling them to better protect their IP.

Vision

Colletrix dreamed of a world where new economies and old economies would be fully integrated to create new economic models that maximize benefits for all participants Starting with IP and the creative industry, we envisioned an industrial Revolution in which IP owners would be able to retain licenses that they deserve to apply blockchain technology.

Mission

Through the Platform, Colletrix strives to create new market value by integrating IP toensization. With the introduction of NFT, we will combine the old economy and the new economy. Therefore, we will do so to expand the possibility for all IP owners and makers around the world to make long-term licenses for their IP6; and for traders, we will offer new market value to their physical commodities through the blockchain application, maximizing the attractiveness and benefits of their products.every time a token is traded. Consumers can verify the authenticity of their collections through token information stored on the blockchain.

Colletrix is supported by talented teams from UNDONE, Animoca Brands, Future Arena, and Bitwork Accelerator. UNDONE will bring its trade expertise to show the benefits of blockchain technology for merchandise, Animoca Brands will introduce a broad network of IP owners and blockchain and gamification technologies, while Future Arena will use a strong IP sport and entertainment portfolio — all to create IP ecosystem creation, dynamic trading and physical trading using blockchain technology.

How does Colletrix work?

Colletrix compensates intellectual property owners through a number of techniques that include integrating them into the blockchain as a start.

The platform operates by creating non-exchangeable tokens (NFT), these tokens are related to each intellectual property they represent. That is, IP owners will be able to issue lifetime licenses to users of their intellectual property through the IP-NFT market, ensuring they make money from their Intellectual property as long as possible.

Smart contracts that run on the colletrix platform will be very beneficial for the entire ecosystem. Smart contracts allow transactions to be carried out automatically and at any time when the need arises, what is done is to provide speed and efficiency, because transactions do not need to be started manually but will be carried out at specified intervals. This action also encourages transparency.

Info Token

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.

Token Name: Colletrix

Symbol: CIPX

Platform: Ethereum

Type: ERC721

When a customer repurchases an NFT, he acquires ownership of the asset and digital watch physical assets. All information about the owner is uploaded to the Ethereum network, where everyone can access the data. The owner can also see the NFT visualized (according to the design of the watch IP) directly on the platform. The owner can decide to save the NFT (for evaluation if there is a limited release of designer items) or sell it on the NFT market to others. NFT can be purchased with both CIPX and other cryptocurrency at NFT. The initial IP design owner will receive a designated license prize as a reward for trading and all subsequent NFT trades, which will be part of the trading price provided by NFT sellers and buyers.

Conclusion

Colletrix is a project that has caught the world’s attention because of its unique and extraordinary use, this project will definitely be one of the most respected projects in this space in the future.

Based on the data and facts seen, Colletrix is very good for review and investment. This is based on the reality for now, many projects are not good, and makes everyone who invests a lot of questions about their certainty and truth, so if you want to invest in this project, you should read all about the article I made, so you can know more about this Colletrix project from them.