Elastos Introduces Elacity DRM, Web3’s First Digital Rights Management Tool
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Elastos has introduced the launch of Elacity DRM, a brand new digital rights administration (DRM) device designed particularly for Web3, specializing in video content material creators.
Elacity DRM introduces an Entry Financial system Protocol (AEP) that mixes non-fungible token (NFT) know-how with decentralized DRM. This integration permits creators to share, monetize, and resell their content material with outlined shortage, offering them direct management over their digital rights.
“Within the Web2 world, centralized DRM has orchestrated a inventive heist, stripping creators of their rightful management and revenues,” stated Elacity CEO Sasha Mitchell in a press launch shared with CryptoNews. “This has led to a panorama the place the true worth of digital property is diminished, and the connection between creators and their audiences is hindered by layers of intermediaries.”
“We’re empowering creators by reinstating their rightful possession and management over their digital property,” stated Mitchell. “By leveraging blockchain and decentralized applied sciences, we’re making certain that digital property aren’t solely safe but additionally maintain their true worth within the Web3 period.”
The device is predicated on the Elastos Sensible Chain (ESC) and is EVM appropriate, making it accessible to a broad vary of creators on the Elastos SmartWeb.
Elastity DRM’s Future Developments
Initially specializing in video content material, Elacity DRM caters to varied purposes, together with unbiased filmmaking, academic supplies, documentaries, and podcasting.
The platform is ready to broaden its capabilities to audio-only codecs quickly, encompassing music and audiobooks. Additional extensions to incorporate paperwork, gaming, and software program capsules are deliberate for 2024.
One of many key benefits of Elacity DRM is its potential to allow creators to retain a good portion of their income, over 95 %, a stark distinction to the normal Web2 fashions’ 30 to 55 % vary.
