English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 30 April 2019, 18:20 HKT/SGT
Share:
Disrupting the IP Merchandising Industry with the Colletrix NFT Ecosystem

HONG KONG, Apr 30, 2019 - (ACN Newswire) - Colletrix announced today the official launch of its project and the release of its whitepaper, available for download on https://colletrix.com. Project Colletrix will use blockchain technology to revolutionize the intellectual property (IP) and merchandising industries, bringing benefits to original IP owners and consumers alike. As part of the launch in conjunction with Bitwork Accelerator, Colletrix will submit its application for an initial exchange offering (IEO) on several exchanges later this month.

The 'VARIOUS SAIPAN ALL IN IMPERIAL PACIFIC' project briefing was held in the hotel conference hall in on April 16.

Colletrix will use ERC-721 non-fungible token (NFT) technology to transform IP creations / designs into digital assets, which can be paired with physical merchandise for sale as collectibles. The NFTs can then be collected and traded for resale by consumers on the reliable and secured crypto exchanges to unlock more benefits in the future.

Original IP owners, by receiving perpetual licensing fees from each trade of the NFT, can thereby receive lifelong monetization benefits from their creations, long after they have been passed around. Consumers, by owning a digital asset along with their physical merchandise, can not only support their favorite artists, designers and brands (the original IP owners), but also enjoy the appreciation value of the NFTs stemming from popularity of the designs.

By digitizing the IP economy and unlocking the true value to the original IP creators and the consumers, Colletrix will create an entirely new business model that combines the traditional and new economies, bringing out the best in both. By introducing the Colletrix token (CIPX, based on the ERC-20 standard), Colletrix will provide a distributed infrastructure platform to pair with the NFT trading platform which will allow consumers to purchase different types of physical collectible merchandise through its expandable ecosystem.

The project is backed by Bitwork Accelerator, UNDONE, Animoca Brands (including its strategic partners Cryptokitties and Decentraland) and Future Arena. UNDONE will deliver its expertise in collectible watch customization and merchandising, Animoca Brands will bring its strong collection of game and character IPs and gamification experience, while Future Arena will leverage its strong portfolio of sports / entertainment IPs and key opinion leaders - all to create a vibrant ecosystem of IP creation, trading and physical merchandising using blockchain technology.

Please view more information about Colletrix and its whitepaper here: colletrix.com.

About Colletrix (https://colletrix.com)
Colletrix is backed by a talented team from UNDONE, Animoca Brands and Future Arena, aiming to revolutionize IP tokenization by introducing protection and monetization for IP owners and collectors, while providing merchandisers and consumers with trust in the authenticity of their products. UNDONE brings its merchandising expertise to showcase the benefits of blockchain technology for merchandise products, while Animoca introduces its vast and famous portfolio of character IPs with their sizable fan base and gamification elements.

About UNDONE (https://www.undone.com)
Established in 2014 in Hong Kong, UNDONE is the world's leading custom watch label. Having built a sturdy and reliable foundation in the watch industry, UNDONE is ready to bring the whole industry into a new era with enhancement of cutting-edge blockchain technology.

In 2018, UNDONE joined the BITWORK Business Accelerator Program that aims to support projects with adopting blockchain technology into their business. BITWORK has since been providing blockchain business solutions to UNDONE for the exploration and creation of new market value.

About Animoca Brands (https://www.animocabrands.com/)
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(TM), 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.

About Future Arena (http://www.futurearena.com/)
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 likes of UEFA Champion League, La Liga, Manchester City, AC Milan, Real Madrid, Schalke 04, Filippo Inzaghi, Claudio Marchisio, Graziano Pelle and more.

Besides, Future Arena is 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. Future Arena has three offices: the headquarters in Shanghai, one branch office in Beijing and one in Hong Kong.

About Bitwork Accelerator (https://bitwork.asia/)
Bitwork Accelerator is a program for blockchain companies of all stage which we help to match all kind of specific resources in private and public sector. It devotes itself to provide corporate-level blockchain business solutions and acceleration. Bitwork Accelerator will be focusing on every angle to help all industry locate the shortfalls in the conventional economic model, seeking new opportunities and enter a new economic model with blockchain technology.

Social Media:
Facebook: https://www.facebook.com/colletrix.io/
Twitter: https://twitter.com/colletrix
LinkedIn: https://www.linkedin.com/company/colletrix
Telegram: https://t.me/colletrix

Media Contacts:
Colletrix/UNDONE
George Jiang
george@colletrix.com

Animoca Brands
Legolas Liu
legolasl@animocabrands.com

Bitwork
Bryan Wu
bryan@bitwork.asia

SOURCE COLLETRIX


Topic: Press release summary Sectors: Daily Finance, Daily News, Crypto, Exchange, Blockchain Technology
https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Latest Press Releases
Fujirebio and Eisai Enter into Memorandum of Understanding for Joint Research and Social Implementation of Blood-based Biomarkers in the Field of Neurodegenerative Diseases  
Monday, December 23, 2024 4:22:00 PM
Singapore's most anticipated skyhigh destination C.O.T.U officially opens in iconic Marina Bay this holiday season   
Dec 23, 2024 16:10 HKT/SGT
Nakornthon Hospital PCL (SET: NKT) in First Trading Day on SET  
Dec 23, 2024 16:00 HKT/SGT
Feel the Magic of Snowfall at Spritzer EcoPark's Festive Wonder Carnival 2024  
Dec 23, 2024 16:00 HKT/SGT
Fujitsu drives chemical industry logistics DX with participation in joint logistics demonstration  
Monday, December 23, 2024 12:30:00 PM
Seamless HDB Renovations: How 2 Design Combines Expertise with In-House Solutions  
Dec 23, 2024 10:00 HKT/SGT
Summit Group Responds to White Paper Citing Governance Issues in Bangladesh's Power and Energy Sector  
Dec 23, 2024 09:00 HKT/SGT
The finest places to live, work, and thrive in Asia are celebrated at the 19th PropertyGuru Asia Property Awards Grand Final  
Dec 23, 2024 07:50 HKT/SGT
Mainland China, Hong Kong, Macau companies triumph at finale of 2024 PropertyGuru Asia Property Awards   
Dec 22, 2024 20:50 HKT/SGT
The 2024 PropertyGuru Asia Property Awards International Luncheon celebrates real estate achievements in the Middle East and South Asia  
Dec 22, 2024 19:30 HKT/SGT
More Press release >>
 Events:
More events >>
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575