🐘Elacity

Overview

Elacity is a decentralized platform focused on Digital Rights Management (DRM) and intellectual property (IP) licensing through blockchain technology. It automates processes related to licensing, trading, and royalty payments for digital content and software, providing a secure marketplace for managing and monetizing digital assets.

Key Components

• Digital Capsules: Encrypted goods stored on decentralized networks (IPFS)

• Blockchain: Ensures transparency and immutability of transactions

• Smart Contracts: Manages rights, royalty payments, licence issuance, and trade execution.

• Decentralized Runtime: WebAssembly-based system validates access rights against the blockchain for secure asset playback

Token System

• Ownership Tokens (ERC-721): Represent ownership of digital assets

• Access Tokens (ERC-1155): Grant permission to view or use content

• Royalty Tokens (ERC-1155): Represent rights to earn from content trading

• Distribution Tokens (ERC-1155): Govern how content is traded

Channels

Channels are smart contracts which serve as contained systems for content distribution, there are two types a user can publish:

1. Public Channels: Allow content publishing by subscribers or token holders

2. Private Channels: Restrict content publishing to channel owners

All channels allow for the following:

• Subscription Models: Support subscriptions for channel-wide access

• Individual Asset Sales: Allow one-time purchases for specific content

• Token-Gated Access: Enable free access based on specified token ownership (ERC20 or NFT)

Revenue Sharing Agreements

Elacity facilitates flexible revenue sharing through smart contracts:

• Customizable Splits: Content creators can define revenue distribution among collaborators, investors, or rights holders

• Automated Payments: Revenue is instantly distributed upon content or subscription purchase

• Fractional Distribution: Royalty tokens represent fractional rights to content revenue

• Transparent Tracking: All revenue flows are recorded on the blockchain

• Multi-level Agreements: Support for complex revenue-sharing structures across channels and individual assets

Marketplace Functionality

Elacity is non-custodial and operates as a decentralized marketplace for Web3 identities, offering:

• Content Packaging: Publish content and smart contracts

• Rights Trading: Buy, sell, and resell tokenised rights

• Discovery: Searchable index of available channels, content and rights

• Automated Transactions: Smart contracts handle payments, rights transfers and secure playback

• Flexible Pricing: Support for various pricing models (subscription, buy now / resell)

The marketplace takes a 5% fee on transactions to sustain platform operations.

Key Features

• Decentralized Storage: Content stored on IPFS, eliminating central points of failure

• Automated Licensing: Smart contracts issue licenses based on token ownership

• Flexible Rights Management: Distribution tokens allow creators to set custom rules such as secondary markets and resale percentages.

• Immediate Royalty Payments: Automated distribution upon content access or purchase

• Universal Playback: WebAssembly-based runtime ensures cross-platform compatibility

• Granular Access Control: Supports subscriptions, one-time purchases, and token-gated access

• Peer-to-Peer Trading: Direct transactions between creators and consumers

Token Interactions

• Access tokens are required to receive licences to view or use content

• Royalty tokens entitle holders to a share of content revenue from access token trading

• Distribution tokens govern the trading and usage rules of access and royalty tokens

• Users must own the corresponding access token to trade royalty tokens, ensuring familiarity with the content and revenue-sharing agreement they are trading in.

Market Applications

• Established: Documents, images, audio, video, software

• Emerging: Games, Gaming assets, 3D models, VR/AR experiences

• Frontier: AI models, robotics services, IoT devices

Key Benefits

• User Ownership: Decentralized system puts control in users' hands

• Transparency: All transactions recorded on the blockchain

• Efficiency: Automated processes reduce administrative overhead

• Flexibility: Supports various content types and business models

• Security: Encrypted content and secure, local playback

• Customizable Rights: Distribution tokens allow for tailored licensing terms

• Direct Creator-Consumer Interaction: Marketplace facilitates peer-to-peer transactions

“To own something is not only to have unrestricted access but also to have the right to grant or restrict access to others. Therefore, by enabling access, we exercise ownership, and by seeking access, we recognise and respect the ownership of others”. - Sash Mitchell | Elacity Founder

Talk with ElacityGPT