SingularDTV, a blockchain entertainment studio, announced that it has formed an enterprise research and design laboratory ‘CODEX’.
The Ethereum blockchain-based lab is dedicated to the advancement and proliferation of ‘Tokenized Ecosystems’. It will focus on the addition of functionality as well as complexity to SingularDTV's SNGLS tokens, the release said.
“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,” Zach LeBeau, CEO of SingularDTV, commented.
The CODEX lab symbolizes a B2B enterprise model, which aims to spread the ERC20 token functionality of Ethereum and the power of tokenized ecosystems to legacy entertainment companies worldwide. It will also add an extra revenue stream to the SingularDTV ecosystem.
The company has invited selected developers across the world to participate n CODEX in an advisory capacity. CODEX has also hired a developer team to work full-time. SingularDTV is leveraging the rise of Ethereum along with the resources of its strategic partners, through CODEX, in a move to include greater development power to SingularDTV's ecosystem of modules.
Serving SingularDTV and a select group of enterprise clients and strategic partners, CODEX will not be a public-facing entity with a website.
