SingularDTV (S-DTV), a first-of-its-kind blockchain entertainment studio, has announced the release of its Ethereum Lightwallet that stores and transacts both Ether and SNGLS tokens that power the SingularDTV ecosystem.
According to the official release, the S-DTV’s Lightwallet implementation is built on ETH-Lightwallet, which is an HD wallet that stores private keys encrypted in a browser. Digix, Metamask, Jaxx and others use the same ETH-lightwallet library and in beta, this is not recommended to store large amounts of ETH’s. With the help of this, users can run Ethereum applications without running a local Ethereum node.
The SNGLS can be directly bought from the Lightwallet or through the Mist wallet using SingularDTV's deployed contracts, once the S-DTV Smart Contract System (SCS) is deployed.
“The release of the SingularDTV lightwallet along with our Smart Contract System (SCS) in the next few weeks marks the launch of our tokenized ecosystem, essentially the beginning of a decentralized entertainment industry," Zach LeBeau CEO of SingularDTV said.
The SingularDTV SCS, the technical engine that drives its CODE structure, is expected to launch by the end of the summer. It directs the flow of decentralized assets in order to build projects in the legacy world. Using the SNGLS tokens, the SCS directs back the revenue generated from these projects to the blockchain. The revenues are distributed in ETH.
In June, SingularDTV entered into a partnership with ConsenSys to build a smart contract-based rights management platform for film and television on the Ethereum blockchain.
