Based on the Ethereum network and the ConsenSys venture production studio, SingularDTV relies on a tokenized ecosystem using a local cryptocurrency called SNGLS to help artists and creators benefit from transparent media production and distribution. SingularDTV is a blockchain entertainment studio laying the foundation for a decentralized entertainment industry. Building the future of rights management, project funding, and peer-to-peer distribution, SingularDTV’s platform empowers artists and creators with powerful tools to manage projects from development to distribution.
The entire concept behind SingularDTV is a kind of “entertainment studio”, which offers artists and creators of media content a large platform with many programs and tools that can develop and market their products there. The company’s concept is based on 11 modules, some of which are already available as features on the platform, but some of which will not be released until 2018 or 2019. The modules are: Tokit, Decentralized Exchange, Codex, Launch Pad, Legal Repository, Production Service/Crew, Equipment Rental, Talent Management, Marketing, Union Interface and EtherVision.
The company was founded by Arie Levy-Cohen, Kim Jackson, Zach Lebeau and Joseph Lubin.The founders have the vision to create an entertainment platform that offers artists and producers a good marketing time on a decentralized basis.They are competing with streaming services such as Netflix or Youtube. The company will even publish the first specially produced television series on the platform in the autumn of 2017. This project is led by Kim Jackson, who is also a producer and president of “Evotion Media”.
Singular-DTV wants to gather a total of $7.5 million. In order to do so, a crowdsale which will last for a month will be held. During this time 500 million SNGLS tokens will be up for sale at a fixed rate of 0.00125 ETH per SNGL during the first 10 days, and will drop by 12.5% every 4 days until it reaches 50% (in 12 days). These funds will be used to complete the "Singular" tv show, launch the S-DTV Documentary Division, buy a stake in the Ujo rights management platform and to develop the TVOD distribution portal. A minimum of 34m SNGLS must be sold, otherwise, the project will be canceled and all the investments will be returned. Since the issuance of tokens takes place on the Ethereum network, you'll only be able to invest in the crowd sale using Ether. This is done by sending ETH to a special smart contract wallet address, that in turn issues and sends you the newly created SNGLS tokens. This can be done using any wallet, but in order to be able to see and transfer your tokens, you'll need to use the Mist Browser or the S-DTV Light Wallet.