[Translate to English] TOKIT — Launched on November 6, 2017 — The blockchain revolution in entertainment is about to begin

Finally, TOKIT has appeared; this is an article released before the launch, and let's read the Japanese translation right away.

TOKIT — Launching on November 6, 2017; The blockchain revolution in entertainment is about to begin

Tokit, an application from SingularDTV that manages creation/gunding and rights for creators, will be launched on November 6, 2017.

A few days later, on November 9, a week-long launch party will begin. During this party, we will demonstrate how to use Tokit by tokenizing various items. Tokenized items include Gramatik, short films, feature films, pilot TV programs, and two NPOs. We have some surprises planned as well.

The Tokit launch represents the “first wave” of SingularDTV’s application lineup. The first wave focuses on the development of projects. Its purpose is for users to utilize Tokit to create projects, grow their own audience from scratch, and complete the projects. After completion, users can distribute their works via EtherVision. EtherVision is one of SingularDTV’s distribution applications, set to launch in 2018.

Three Waves of SingularDTV Applications

Wave 1 — The “Development” phase of an application that supports project creation and funding
Wave 2 — The “Production” phase that supports the creation of projects
Wave 3 — The “Distribution” phase where audiences around the world can view, read, listen to, and experience the content

Tokit and Tokenomics

I recently heard the phrase “tokenomics (token economy)” and I really liked it. Therefore, I also want to use that term.

Without knowing tokenomics, few people will be able to efficiently and skillfully use Tokit from the start. Tokit not only supports the success of indie artists, but also helps publishers, distributors, curators, and production companies manage their intellectual property more efficiently.

There are benefits for studios that want to manage rights to thousands of pieces of content and the royalty/revenue flows. The benefit I’m talking about is that they will revolutionize the way they do business and evolve it.

Although it hasn’t been publicly announced, SingularDTV has demonstrated Tokit to many institutions. We look forward to announcing several surprising partnerships and alliances in the coming weeks and months.