Blockchain entertainment studio SingularDTV has announced the formation of its enterprise research and development lab CODEX, which will strictly focus on helping businesses built on the Ethereum blockchain (“Tokenized Ecosystems”), and upgrading SingularDTV’s SNGLS token. According to Zach LeBeau, CEO of SingularDTV:
"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."
According to the release, CODEX’s B2B enterprise model will enable legacy entertainment companies to implement Ethereum’s ERC20 token functionality and tokenized ecosystems, and will bring additional revenue to the SingularDTV ecosystem.
"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."
The lab will be advised by a select group of developers from around the world and employ a team of developers as full-time staff “to add greater development power to SingularDTV's ecosystem of modules, particularly its rights management gateway.”