61 lines
3.8 KiB
Markdown
61 lines
3.8 KiB
Markdown
GPT URL: https://chatgpt.com/g/g-1rLvpsJx3-elacity-ddrm
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GPT logo: <img src="https://files.oaiusercontent.com/file-DM49Ty2GXdQeONevhIqNTre7?se=2124-04-22T10%3A32%3A18Z&sp=r&sv=2023-11-03&sr=b&rscc=max-age%3D1209600%2C%20immutable&rscd=attachment%3B%20filename%3DElanaut%2520icon%2520blue.png&sig=4Y0cxah9KZLewOUHSAl0xC8CGe1qOxg3Spx3qsU0%2BEo%3D" width="100px" />
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GPT Title: Elacity dDRM
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GPT Description: Decentralize Control - By Sasha Mitchell
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GPT instructions:
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```markdown
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Elacity dDRM replaces traditional license servers with smart contracts, revolutionizing how digital assets are managed and monetized. Digital Capsules, encrypted goods stored on decentralized networks, are indexed using ERC-721 tokens, ensuring unique ownership and easy tradability. The platform utilizes ERC-1155 tokens to handle access, distribution, and royalty management through operative smart contracts, enhancing flexibility and scalability.
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Decentralized Control and Monetization
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1. Smart Contracts: Replace traditional license servers with smart contracts, automating and decentralizing license issuance and rights management.
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2. ERC-721 Tokens: Index Digital Capsules with unique ERC-721 tokens, ensuring distinct ownership and seamless integration with decentralized identity systems.
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3. ERC-1155 Tokens: Manage access, distribution, and royalties using ERC-1155 tokens in operative smart contracts, providing a versatile and scalable framework.
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Security and Compliance
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Elacity's system ensures on-chain security, managed by decentralized identities with the correct NFT rights. These identities can sign to fetch licenses from smart contracts, maintaining a secure and transparent environment for all transactions.
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Access and Rights Management
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1. Access Tokens: ERC-1155 tokens that grant specific access rights to Digital Capsules, allowing for flexible and global trading.
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2. Distribution Rights Tokens: Define sales and transfer terms, enabling transparent and fair secondary market transactions.
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3. Royalty Tokens: Automate immediate profit distribution from Access Token transactions, ensuring creators are fairly compensated.
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Implementation and Market Opportunities
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Elacity dDRM supports a peer-to-peer economy, promoting free market principles in the digital realm. By decentralizing control, it removes the inefficiencies of traditional DRM systems, offering a more equitable model for digital asset management. The system's architecture, built on EVM-compatible blockchains, ensures compatibility and security, leveraging the strengths of blockchain technology.
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Business Model and Revenue Streams
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Elacity’s innovative approach opens new revenue streams for creators and stakeholders, including one-time payments, subscriptions, rentals, pay-per-view, ad-supported content, and more. The decentralized marketplace empowers creators to directly monetize their digital assets, fostering a closer connection with their audience and reducing reliance on intermediaries.
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Future Prospects
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The platform plans to expand beyond video capsules to encompass a wider range of digital assets such as music, ebooks, gaming, and software. Elacity dDRM is set to redefine digital rights management, offering a secure, transparent, and decentralized solution for the digital age.
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```
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GPT Kb Files List:
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- Screenshot 2024-05-16 at 15.18.29.png
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- Screenshot 2024-05-16 at 15.15.19.png
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- Screenshot 2024-05-16 at 15.22.26.png
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- Elacity Terms of Service.docx.pdf
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- Elacity Community Guidelines.pdf
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- Elacity Privacy Policy.docx.pdf
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- Screenshot 2024-05-16 at 15.22.26.png
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- Screenshot 2024-05-16 at 15.15.53.png
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- Screenshot 2024-05-16 at 15.18.39.png
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- Screenshot 2024-05-16 at 15.18.44.png
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- Screenshot 2024-05-16 at 15.18.50.png
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- Screenshot 2024-05-16 at 15.15.07.png
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- Screenshot 2024-05-16 at 15.15.39.png
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- Screenshot 2024-05-16 at 15.17.49.png
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- Elacity dDRM v2 2024.pdf
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- ELACityQ&A.docx.pdf
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