Genius X Onboards Dropspot and COTIT
Genius X, accelerator and launchpad for fully vetted, early-stage blockchain startups, is happy to announce the onboarding of Dropspot and COTIT to its Accelerator Program.
March 6, 2023, Zug, Switzerland: Genius X, accelerator and launchpad for fully vetted, early-stage blockchain startups, is happy to announce the onboarding of Dropspot and COTIT to its Accelerator Program.
The program regularly receives dozens of applications; however, only a select few are accepted to join as part of the program’s dedication to quality. Through a rigorous vetting and review process, Genius X identifies promising startups building innovative solutions and nurtures them to success.
Below please find extra info on Dropspot and COTIT:
- Dropspot is offering a curated NFT experience on Cardano. DS empowers creators to reclaim artistic sovereignty by providing a premium NFT collection minting service and helping them connect with global markets, buyers, and collaborators. DS believes in building a decentralized community based on meritocracy, where diversity of thought produces real-world solutions for the greater good.
With Creator Launchpad, creators can easily mint their NFT collections on the platform and manage commission payment splits and future royalties using an intuitive process. DS platform also embeds these royalty splits and payment structures into the DS Smart Contracts (DSC) on mint. Access to Creator Launchpad is currently limited to secure invitations that use social channels like Twitter, Instagram, and Discord for validation and verification.
DS Curated provides a full-service white glove experience to selected artists, including full collection curation, advice, access to animation and 3D services, and marketing services such as artist interview videos and targeted PR distribution. They want to engage the Cardano community with rich content, storytelling, and a considered aesthetic while empowering the artist to take control.
Dropspot focuses on delivering programs that can bring underrepresented groups into the contemporary art world. DS also supports independent artists, local art communities, schools, and grassroots organizations through their philanthropy structure.
- COTIT is bringing another layer of trust, transparency and traceability to the product lifecycle data of supply chain, business operations, and product usage. They invented a way that combines sustainable methods and modern technology to change every industry drastically. COTIT understands the urgency of making companies more eco-friendly and transparent, their goal is to convey the message of environmental awareness. Similarly, sharing unconventional attitudes towards manufacturing and consumption, such as Traceable Life Cycle and Transparent Production Process.
By using a blockchain-based solution, COTIT can ensure that the product data is immutable, transparent and secure. Each transaction or update made to the product data can be recorded on the blockchain, providing a tamper-proof record of the product’s journey from production to consumption.
Additionally, by incorporating smart contracts into the blockchain-based solution, COTIT can automate various parts of the supply chain process. For example, they can use smart contracts to automatically trigger payments to suppliers when certain conditions are met, or to verify the authenticity of a product before it is shipped.
Furthermore, the use of cryptocurrency as a means of payment can also bring added benefits to the supply chain process. By using cryptocurrencies, COTIT can eliminate the need for intermediaries such as banks, which can reduce transaction costs and increase the speed of transactions.
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