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Digital Rights Management (DRM)
Trade access. Fair, efficient, and free markets for all.
Elacity's Access Economy utilizes DRM & NFTs for encryption and fair payment distribution to content production stakeholders. User issues Access Token NFTs unlock user-controlled content, creating a new Web3 access economy. Smart contracts stream royalty payments to all stakeholders set (such as creator, publisher, distributor and investors) on every transaction, with creators also setting % royalties for buyer resale. Elacity offers fair and efficient markets for all.
Elacity minted 8 billion (global population) DRM-powered NFT Access Tokens on Elastos SmartWeb EVM testnet for $0.003cent in less than 5 seconds with embedded re-sell rights & royalties.
Core Value
- Monetise digital content more effectively (stream payments)
- Protects digital content (encryption)
- Maintains right to ownership
- Simplifies third-party partnerships
- Aids in compliance with regional laws
Business Models
- Buying media outright and reselling
- Renting
- Pay-per-view (PPV)
- Subscription models
- Advertisement-supported assets
Application Examples
- Media = audio, video, images
- Metaverse = 3D assets
- Software = games, operating systems, applications
- Documents = statements, financial records, IP assets, patents, blueprints, policies
- IoT = lightbulbs, automobiles, 3D printing, kitchen appliances, locks
- eBooks = online libraries, stores, subscriptions
Access Economy in testnet
POC showcase
Elacity Advisor, Dr. Xin Wang showcasing Elacity DRM to Sony at MPEG 14, Germany, Mainz, 2022-10-28
Last modified 24d ago