SingularDTV Launches Token System for Artistsbr>
SingularDTV, a platform that aims to incorporate rights management, project funding and video-on-demand in a blockchain portal, unveiled information about a forthcoming 11-application ecosystem for entertainment.
Founded by Zach LeBeau, Kim Jackson, Joseph Lubin and Arie Levy Cohen, SingularDTV claims it is launching the world’s first entertainment ‘economy’ free of intermediaries and gatekeepers that diminish the revenues of artists.
The first app from SingularDTV is called “Tokit”, its rights management tool. Short for “Tokenize It,” the app allows creators to tokenize their intellectual property, managing its rights, revenue and royalties through the Tokit interface. Once onboarded into the ecosystem, users and their projects can interact with the other SingularDTV applications.
The company envisions “millions upon millions of tokenized ecosystems will be created via Tokit, representing all types of digital creations from film and television properties, to music and podcasts and ebooks. SingularDTV’s exchange, the world’s first decentralized exchange for artists, is a platform where artists’ tokens can be traded, giving them immediate fungibility.”
“The SingularDTV mission is to empower every artist with a set of powerful tools for them to create and manage their projects from development to distribution, essentially allowing them to be their own economy,” said CEO Zach LeBeau. “There are far too many artists who fall prey to the elaborate system of gatekeepers that keep their expressions from being shared with the world, and intermediaries that extract the revenue and profit potential from those artists and keep it for themselves.”
Launching at the same time is SingularDTV’s project funding launch pad, a Kickstarter-like application where artists can manage campaigns to connect with audiences around the world.
Already operational is CODEX, SingularDTV’s research and design laboratory dedicated to the development and proliferation of tokenized ecosystems. CODEX supplies Tokit with continued innovations and evolving classes of smart contracts that provide artists with added features. CODEX is also SingularDTV’s enterprise arm that services a select group of strategic partners and clients.
In November, SingularDTV hopes to launch EtherVision, a decentralized distribution portal. The app will be key in the distribution and tracking of television and film content via blockchain technology.
It is intended that millions upon millions of tokenized ecosystems will be created via Tokit, representing all types of digital creations from film and television properties, to music and podcasts and ebooks. SingularDTV’s exchange, the world’s first decentralized exchange for artists, is a platform where artists’ tokens can be traded, giving them immediate fungibility.
The remainder of the ecosystem’s applications, with one exception, are expected to be unveiled in 2018. SingularDTV’s Union interface, designed for blockchain signatory productions that need to adhere to union rules, processes, and pay scales, is expected in 2019.