Blockchain entertainment production studio SingularDTV has announced the release of its Ethereum Lightwallet. This lightwallet stores and transacts both ethers and SNGLS tokens which power the SingularDTV ecosystem. SingularDTV’s Lightwallet implementation is built on top of eth-lightwallet, an HD wallet that can store private keys encrypted in a browser. This allows a user to run Ethereum applications without running a local Ethereum node. Still in beta, this eth-lightwallet is not currently recommended for the storage of large amounts of ETH.
Potential users can obtain the lightwallet by signing up for the SingularDTV Newsletter. Once the SingularDTV Smart Contract System (SCS) is deployed, SNGLS can be bought directly from this lightwallet or through the Mist wallet using SingularDTV’s deployed contracts.
Zach LeBeau, SingularDTV’s CEO, commented: “The release of the SingularDTV lightwallet along with our Smart Contract System (SCS) in the next few weeks marks the launch of our tokenized ecosystem, essentially the beginning of a decentralized entertainment industry.”
The SingularDTV SCS, the technical engine that drives its Centrally Organized Distributed Entity structure, is scheduled to launch at the end of the summer. The structure, as administered by the SCS, is designed to decentralize real world assets and place them on the Ethereum blockchain – specifically SingularDTV intellectual property in the form of film, television and software projects. Additionally, the SCS also directs the flow of decentralized assets to build projects in the legacy world. The SCS then directs the revenue generated from these projects back onto the blockchain via the SNGLS token. All revenue claimed by the SNGLS token is distributed in ETH.