Codex Protocol is an industry backed decentralized title registry for Art & Collectibles.
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:
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.
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:
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.
Kept for future sale.
|Round||Token Price||Bonus||Min / Max Purchase||Soft Cap||Hard Cap|
Public sale —
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|
|0.052 USD||27%||-||Uncapped||12,000,000 USD|
Bonus Lock-up: 3-9 months
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.