NEW YORK, April 5, 2017 /PRNewswire/ -- SingularDTV announces the formation of CODEX, an enterprise research and design lab dedicated to the development and proliferation of "Tokenized Ecosystems", with specific focus on the continued addition of complexity and functionality to SingularDTV's SNGLS token.
Zach LeBeau, CEO of SingularDTV comments, "The first great wave of blockchain adoption is going to be because of Ethereum's ERC20 tokenized ecosystems. Tokenized ecosystems are a new type of blockchain business entity that allows one to take their ideas, place them on Ethereum's blockchain and benefit from the power of decentralization. The tokenized ecosystem is everything."
While SingularDTV's primary economic model is designed around retail applications for artists and creators, CODEX embodies a B2B enterprise model that will spread Ethereum's ERC20 token functionality and the power of tokenized ecosystems to legacy entertainment companies around the world. CODEX will also add an additional revenue stream to the SingularDTV ecosystem.
Zach LeBeau continues, "From time to time we are approached by various entities asking us to advise them on building their tokenized ecosystems. It's been policy to turn these offers down so they don't interfere with SingularDTV's focus of building a decentralized entertainment industry. But on very rare occasions, an entity will come along with such a great idea and whose development ladder fits in perfectly with ours, while at the same time adding substantial value to SingularDTV. In these rare cases of synchronicity we feel obligated to form partnerships. CODEX is the place where these partnerships take place."
Select developers from around the world are being invited to participate in CODEX in an advisory capacity. A team of developers is also being hired to work full-time on CODEX. Through CODEX, SingularDTV is leveraging the rise of Ethereum and the resources of its strategic partners to add greater development power to SingularDTV's ecosystem of modules, particularly its rights management gateway. The first version of SingularDTV's rights management gateway is due to launch at the end of Q2, 2017.
CODEX will service SingularDTV and a select group of enterprise clients and strategic partners. CODEX will not be a public facing entity with a website. CODEX is part of the SingularDTV group of international companies and is organized in the Commonwealth of Puerto Rico where it benefits from an array of tech, tax and business incentives. Puerto Rico is an important location for SingularDTV, and where the bulk of Singular the sci-fi series will be shot and produced.
About SingularDTV (S-DTV)
SingularDTV is laying the foundation for a decentralized entertainment industry with its ecosystem of applications; from a revolutionary rights management gateway to a peer-to-peer distribution portal.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/singulardtv-forms-ethereum-blockchain-lab-codex-300435029.html