Codex Mainnet Launch: What to Expect
Codex will launch to the Ethereum Mainnet by July 23rd, 2018, Midnight (CST)
After receiving great feedback for the Testnet beta through our Codex Quests, Earndrops, and Bug Bounty programs, and with a security audit of our smart contracts complete, we’re thrilled to announce that we will launch The Codex Viewer to Mainnet live on the main Ethereum network by midnight (CST) on July 23rd, 2018.
[Update, July 23rd, 2018 — MAINNET IS LIVE!]
Highlights:
- 500 editions of Sebastian’s latest digital piece titled “New Beginning” are up for grabs. The first edition has been made public here: https://codex-viewer.com/#/record/0
- Fees & staking are turned off for now until tokens are distributed. Only pay gas costs in ETH for now.
- The text is MetaMask specific, but everything works in other wallets such as Toshi. We’ll be updating the language soon to reflect that.
- We’re still working on the migration story for Codex Records created in the beta (we haven’t forgotten those of you that would like to do that)
Technical details of the launch
The launch consists of several steps, most important of which is the deployment of the Codex Protocol smart contracts.
There are 3 different smart contracts that will get deployed initially:
- CodexRecordProxy, the smart contract that users will access the registry through. Using a proxy ensures that the protocol can get upgraded in the event of an emergency https://etherscan.io/address/0x8853b05833029e3cf8d3cbb592f9784fa43d2a79
- CodexRecord, the ERC-721 compliant registry contract. This is the core of the protocol and dictates how assets are registered and stored on the blockchain. https://etherscan.io/address/0x2c00a92a9c5c919a1a4b5a8ee6bc520f61dbe421
- CodexStakeContract, the ERC-900 compliant staking contract. At a later date when CodexCoin, the ERC-20 utility token used to operate on the protocol, is deployed and distributed, users will be able to stake tokens to receive free transactions on the protocol
https://etherscan.io/address/0xdea454c9c4ad408f324cc0ea382b2b7aad99640c
Once these are deployed, our team will then deploy the services that we’ve built to interface with these smart contracts. More specifically, we will be deploying the production version of Codex Viewer.
[UPDATE: Codex Viewer has been deployed onto Mainnet!]
What should you expect
Upon launch, technically advanced users will be able to interact with a fully functioning blockchain-based asset registry. The Ethereum blockchain is public, which means once the smart contracts are live anyone can technically start registering assets into the registry. However, it’s more likely that users will interact with the registry through the Codex Viewer, a user interface that allows users to directly provision & manage Codex Records using their own wallets like MetaMask or Toshi for authentication.
The Mainnet launch of the protocol is a huge achievement for Codex, but it’s just the beginning of the journey. Right now the app ecosystem is sparse, using the protocol requires proficiency in blockchain technology, and there aren’t a lot of entities accepting Codex Records today.
All of those things are on our list of what to tackle next. We envision a world where any transaction involving arts & collectibles are represented on the blockchain. Collectors with Codex Records will be connected to a myriad of apps and service providers that leverage the provenance of their collections, stored securely on the blockchain. Existing intermediaries like auction houses will require sellers to have Codex Records for pieces they are selling such that they can quickly verify the history of ownership of an item and streamline its authentication process. It’s a long journey ahead, but we believe Codex can do all of these things.
About Codex
Codex is the leading decentralized asset registry for the $2 trillion arts & collectibles (“A&C”) ecosystem, which includes art, fine wine, collectible cars, antiques, decorative arts, coins, watches, jewelry, and more. Powered by the CodexCoin native token, the Codex Protocol is open source, allowing third-party players in the A&C ecosystem to build applications and utilize the title system. Codex’s landmark application, Biddable, is a title-escrow system built on the Codex Protocol, which solves long-standing challenges in auctions: non-performing bidders, lack of privacy, and bidder access. The Codex Protocol and CodexCoin will be adopted as the only cryptocurrency by The Codex Consortium, a group of major stakeholders in the A&C space who facilitate over $6 Billion in sales to millions of bidders across tens of thousands of auctions from 5,000 auction houses in over 50 countries.
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Nothing herein constitutes an offer to sell, or a solicitation of an offer to buy, in any jurisdiction in which it is unlawful to make such an offer or solicitation. Neither the U.S. Securities and Exchange Commission nor any other federal, state, or foreign regulatory authority has approved an investment in the matters contemplated herein.
