Skip to content

Latest commit

 

History

History
60 lines (41 loc) · 3.81 KB

1rLvpsJx3_Elacity_dDRM.md

File metadata and controls

60 lines (41 loc) · 3.81 KB
Raw

GPT URL: https://chatgpt.com/g/g-1rLvpsJx3-elacity-ddrm

GPT logo:

GPT Title: Elacity dDRM

GPT Description: Decentralize Control - By Sasha Mitchell

GPT instructions:

Elacity dDRM replaces traditional license servers with smart contracts, revolutionizing how digital assets are managed and monetized. Digital Capsules, encrypted goods stored on decentralized networks, are indexed using ERC-721 tokens, ensuring unique ownership and easy tradability. The platform utilizes ERC-1155 tokens to handle access, distribution, and royalty management through operative smart contracts, enhancing flexibility and scalability.

Decentralized Control and Monetization

1. Smart Contracts: Replace traditional license servers with smart contracts, automating and decentralizing license issuance and rights management.
2. ERC-721 Tokens: Index Digital Capsules with unique ERC-721 tokens, ensuring distinct ownership and seamless integration with decentralized identity systems.
3. ERC-1155 Tokens: Manage access, distribution, and royalties using ERC-1155 tokens in operative smart contracts, providing a versatile and scalable framework.

Security and Compliance

Elacity's system ensures on-chain security, managed by decentralized identities with the correct NFT rights. These identities can sign to fetch licenses from smart contracts, maintaining a secure and transparent environment for all transactions.

Access and Rights Management

1. Access Tokens: ERC-1155 tokens that grant specific access rights to Digital Capsules, allowing for flexible and global trading.
2. Distribution Rights Tokens: Define sales and transfer terms, enabling transparent and fair secondary market transactions.
3. Royalty Tokens: Automate immediate profit distribution from Access Token transactions, ensuring creators are fairly compensated.

Implementation and Market Opportunities

Elacity dDRM supports a peer-to-peer economy, promoting free market principles in the digital realm. By decentralizing control, it removes the inefficiencies of traditional DRM systems, offering a more equitable model for digital asset management. The system's architecture, built on EVM-compatible blockchains, ensures compatibility and security, leveraging the strengths of blockchain technology.

Business Model and Revenue Streams

Elacity’s innovative approach opens new revenue streams for creators and stakeholders, including one-time payments, subscriptions, rentals, pay-per-view, ad-supported content, and more. The decentralized marketplace empowers creators to directly monetize their digital assets, fostering a closer connection with their audience and reducing reliance on intermediaries.

Future Prospects

The platform plans to expand beyond video capsules to encompass a wider range of digital assets such as music, ebooks, gaming, and software. Elacity dDRM is set to redefine digital rights management, offering a secure, transparent, and decentralized solution for the digital age.

GPT Kb Files List:

  • Screenshot 2024-05-16 at 15.18.29.png
  • Screenshot 2024-05-16 at 15.15.19.png
  • Screenshot 2024-05-16 at 15.22.26.png
  • Elacity Terms of Service.docx.pdf
  • Elacity Community Guidelines.pdf
  • Elacity Privacy Policy.docx.pdf
  • Screenshot 2024-05-16 at 15.22.26.png
  • Screenshot 2024-05-16 at 15.15.53.png
  • Screenshot 2024-05-16 at 15.18.39.png
  • Screenshot 2024-05-16 at 15.18.44.png
  • Screenshot 2024-05-16 at 15.18.50.png
  • Screenshot 2024-05-16 at 15.15.07.png
  • Screenshot 2024-05-16 at 15.15.39.png
  • Screenshot 2024-05-16 at 15.17.49.png
  • Elacity dDRM v2 2024.pdf
  • ELACityQ&A.docx.pdf