Code Tokenization

Flex is a community-owned platform that rapidly boosts dApp user growth, ensuring the value generated directly benefits the Flex community.

The IP Commons utilizes the ERC-721 and ERC-1155 token standards to represent code assets as unique or semi-fungible tokens. These code NFTs contain metadata such as the code's functionality, dependencies, authorship, version, and licensing terms, stored in decentralized storage systems like IPFS or Arweave.

The tokenization of code assets enables fractional ownership, composability, and tradability of code, allowing multiple developers to collaborate on and derive value from the same codebase. The use of NFTs also provides a tamper-proof and auditable record of the code's provenance and lifecycle on the Flex blockchain.

Developers can mint new code NFTs using the IP Commons' smart contracts, which enforce a standardized metadata schema and ensure the uniqueness and authenticity of each token. The minting process may require staking FLEXE tokens as collateral to prevent spam and low-quality submissions.