• Country USA, United Kingdom
  • CategoryArt & Music/ Art Assets Registry

Codex Protocol is an industry backed decentralized title registry for Art & Collectibles. 

Project stage

Beta version

Detailed description

The Codex is a decentralized title registry for the A&C market. Unlike every other asset class, no central title registry exists for A&C today. This makes it difficult to determine ownership, which is critical for two reasons:

  • Current ownership is a prerequisite for transacting, insuring, lending, and many other applications
  • Past ownership ("provenance") is the most important consideration for establishing authenticity and thus the value of A&C.

With a widely adopted title registry, we expect that annual transaction value could grow by hundreds of billions of dollars, over $6 billion losses from fraud and forgeries could be prevented, and the value of all A&C would appreciate. Moreover, a title registry would make transacting A&C faster and less expensive, lending against the assets easier, insurance underwriting less risky, and fractional ownership possible. The Codex is intended to empower existing market stakeholders and intermediaries, not disrupt them, which is why we are developing an open and decentralized protocol that anyone can build on top.


  • Pre-existing items
    First, many A&C items are already in existence. Of course, items created in the past will only have an immutable history since their instantiation on the blockchain. That’s why auction houses are a great way to onboard existing items to the registry—as part of the auction process, auction houses already research the provenance, compile documentation (e.g., sales receipts or written appraisals), analyze the item’s physical attributes, and vouch for items with their reputation.
  • Linking digital records to physical items
    Second, we are linking physical items to digital records. We are often asked how we prevent malicious owners from swapping out a real piece with a fake one that could then be transferred along with a Record that has good provenance.
  • Ensuring the registry is in sync with physical items
    Another reason a buyer might demand it is to ensure the seller doesn’t intend to resell the proven record of ownership along with a duplicate piece to another buyer.
  • Widespread adoption|
    People often question whether the art industry is more conservative towards adopting new technologies.


The Codex Protocol is designed as an asset registry tailored for A&C objects. A Codex Record is designed to preserve all information about a piece, including the evidence of ownership and other metadata. Specifically, a Codex Record includes records of: 

  • The ownership and transmission history of the item on the blockchain since the Codex Record was instantiated. 
  • Hashes of metadata including documentation (e.g. photographs, past appraisals, receipts, restoration records, etc), information stored on the Record by third-party apps and services like liens or storage facility environmental controls, as well as opinions of validators who vouch for the item (explained below).

By tracking ownership and transmission in an immutable history on the blockchain, the Codex Record provides a way for everyone to verify ownership. In doing so, it is decentralized, anonymous and trustless, such that owners don’t have to identify themselves nor does any central authority need to know their identity. This enables enthusiastic adoption.


  • Auction Houses, Galleries and Dealers: Smart contracts can facilitate easier and more trustworthy sales by ensuring buyers pay and brokers receive payment.
  • Collectors and Investors: Codex will allow collectors to easily find objects they desire, enabling them to trace the verifiable record of ownership, with the permission of those owners, from the last known sale to the current owner.
  • Artists, their Estates and Foundations: Applications built on Codex could provide an efficient means of cataloging and archiving work for artists which will deter the creation of fakes and forgeries and may prevent manipulation of an artist's market.
  • Asset-backed Lenders: Codex will support art lending since it will allow lenders to be more confident that they can confirm valuations and authenticity.
  • Insurers: A Codex-based application could enable owners to quickly and easily obtain quotes and purchase insurance on items they own, as well as update premiums based on changing prices of their holdings.
  • Storage and Logistics: Applications could be built on Codex to allow the easy management of items for storage and logistics.
  • Appraisers: Codex could support an application that enables buyers to post bounties for appraisals of a Codex Report that appraisers can compete for by appraising the authenticity and value of the piece. 
  • Museums; Immediate tax deductions can be complex and expensive to structure but could be made simple and accessible if template contracts were used with a multi-owner Record system on Codex. 
Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : CODX
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 15,000,000 USD
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. :3,000,000 USD
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :1,000,000,000 CODX
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :400,000,000 CODX
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Closed
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :ETH,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :China, USA,
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date


    Unsold tokens

    Kept for future sale.

      • Token Distribution

          Vesting notes

          • Founders & Early Backers: 18-month lock-ups
          • Advisors: 18-month lock-ups
        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Public sale — Ended
      24 Jul 12:00 UTC
      26 Jul 12:00 UTC
      0.055 USD No Min 0.05 ETH 3,000,000 USD 15,000,000 USD
      Pre-sale — Ended
      Start Soon
      0.052 USD 27% - Uncapped 12,000,000 USD

      Bonus Lock-up: 3-9 months

      Read more about vesting and bonus
      • Team

        • Mark Lurie photo
          Mark Lurie
        • Jess Houlgrave photo
          Jess Houlgrave
        • John Forrest photo
          John Forrest
        • Dan Grachanin photo
          Dan Grachanin
          Head of Product
        • Colin Wood photo
          Colin Wood
          Senior Software Engineer
        • Shawn Price photo
          Shawn Price
          Senior Product Engineer
        • Andreas Becker photo
          Andreas Becker
          Business Development
        • Sebastian Tory-Pratt photo
          Sebastian Tory-Pratt
          Design Lead
        • Adrienne Burke-Moran photo
          Adrienne Burke-Moran
          Content & Community
        • Corinne Moshy photo
          Corinne Moshy
          Events Manager
      • Advisors

        • Brook Hazelton
          President, Christie's America
        • Joey Krug
          Co-founder Augur & co-Chief investment officer Pantera Capital
        • Sarah Shinn Pratt
          Former VP at Sotheby's
        • Fabrice Grinda
          Co-Founder OLX Investor - Uber, AirBnb, Alibaba
        • Abe Othman
          Advisor Augur, Stox PhD Computer Science, Carnegie Mellon
        • David Wachsman
          Founder and CEO Wachsman.
        • Nader Al-Naji
          Founder Basecoin Formely D.E. Shaw, Google.


      • May 2018
        Phase 1: Pre-launch
        • Technical development of Codex Protocol, Biddable and Codex Viewer. 
        • Integration of Biddable into the software and technology providers within the consortium. 
        • Recruitment and engagement of third-party application developers.
      • Jul 2018
        Phase 2: Launch
        • Marketing campaign to educate and build awareness among bidder personas
        • Release of Codex Protocol on mainnet and distribution of CodexCoins
      • Beyond
        Phase 3: Post-launch

        Codex Protocol will pursue its mission as previously described (“Organization and Governance”). We expect that in each vertical, the consortium will first expand, then new applications will be developed (often with community fund sponsorship), after which marketing will likely occur to end-users for the new use-case. Marketing will include working closely with core partners in the art ecosystem, industry bodies and international organisations as well as art business events and conferences.