Elacity
Last updated
Last updated
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.
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
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 are smart contracts which serve as contained systems for content distribution, there are two types a user can publish:
Public Channels: Allow content publishing by subscribers or token holders
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)
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
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.
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
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.
Established: Documents, images, audio, video, software
Emerging: Games, Gaming assets, 3D models, VR/AR experiences
Frontier: AI models, robotics services, IoT devices
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”. - | Elacity Founder
