FusionX is a groundbreaking technology that empowers creators and developers to convert traditional content such as movies, games, and AI Agents into ‘xNFTs’ (executable Non-Fungible Tokens). These unique digital assets can be created by anyone via the FusionX studio - no coding knowledge is required!
But what exactly is a xNFT, and why should I care?
xNFTs represent Real World Assets in the form of products and services that are enabled by infrastructure and code. Think of it as a key to unlocking and running the tech stack of the product or service in question. It is not just for tech-savvy people, though - it enables anybody in the Web2 or Web3 space to consume these products that are wrapped as xNFTs.
Here are some of the capabilities that the xNFT token standard and FusionX collaboration with Skynet enable:
- Transferability & Ownership: Products and infrastructure become distributable to anybody anywhere and can be embedded into existing platforms for distribution.
- Data Ownership: Users can own their data post-purchase - particularly important for AI Agents so that your personal interactions with it can’t be monitored/data mined
- Licensing & Subscriptions: Metadata based licensing enables subscriptions for new products, offering trials for AI models, for example.
- Identification & Management: xNFTs enable unique deployment identification on Skynet, managed by Role-Based Access Control (RBAC).
- Accessibility: Web 2 logins (google and socials) facilitate xNFT product access, lowering entry barriers to consuming Web3/DePIN products.
What can be built using the FusionX studio and xNFTs is limited only by your imagination.
To give you an idea, though, here are some examples of the kinds of products that are already being built using the xNFT standard with the FusionX studio powered by Skynet:
- Open Source AI Agents (distributed via AI Marketplaces)
- Multimedia functionality for existing vanilla NFT holders (Personalized BAYC chatbot, anyone?)
- Movie/video content distribution platform that anyone can publish to and monetize from, which uses a tech stack comparable to Netflix.
- Games distribution platform (Working title: 0xGames)
While Enterprises may come up with their use cases, out-of-the-box, FusionX empowers the Content Creator economy as they can easily convert their digital assets into xNFTs to enjoy new monetisation and distribution options.
Content creators directly own the process and assets without the need for a middle-man, i.e., a creator could make a xNFT that either plays a video of theirs or audio content they intend to distribute directly to their target audience without an intermediary.
The team behind FusionX has designed it to be extremely simple to use, and it does all the heavy lifting for you when it comes to wrapping up a digital asset as a xNFT. No development experience is required, and you don't even need an existing crypto wallet to get started creating.
Users simply need to go to the FusionX website and access the Studio page, then begin the creation of their asset,
- Select the wallet you want to use to create your xNFTs. You can choose fromsome text
- Metamask
- Wallet connect
- Gmail integration wallet via Tria
- X social login Integration wallet via Tria
- Or even use your phone/email as an authentication method and associate a wallet with it
- Give it a ‘Collection Name’
- Apply a ‘Collection Description’
- Choose whether it is a limited edition mint or an unlimited number that can be minted
- Then choose your ‘application’ type with choices ofsome text
- Static File App - lets content creators store videos, files and folders
- Customer App - lets Developers store customer applications that have a docker image
Let's explore the creation of a simple video xNFT as an illustrative example and assume you have already set up a wallet and authenticated via one of the listed options.
- After selecting a ‘Static File App’ choose a storage type of ‘Video’ which supports MP4 file format.
- Click ‘select video’ then choose the correct file to upload from your local machine.
- Choose whether you want to enable encryption. Enabled means that only you as the creator or an owner of a xNFT from your collection will be able unencrypt and hence access the video
- Choose whether you want to ‘license’ your video and unlock revenue opportunities such assome text
- Royalty % fees (triggered by trade of your xNFT)
- License fees based upon a % of the xNFT price (a usage fee on top of the list price of the xNFT - a typical model for software)
- License fees in $ per day (equivalent to a video rental model)
- Enter some ‘tags’ you want to apply to your xNFT so that its easy for buyers to find on various NFT marketplaces
- Finally, hit ‘create collection’. You will then need to approve any related minting fees via your chosen crypto wallet.
Step by Step guides for creation of different types of assets as xNFTs will be made available soon via youtube and xNFT marketplaces!
FusionX users enjoy reliability and cost efficiency due to integrating FusionX and Skynet's GPU and Compute infrastructure. FusionX leverages this computing resource to power the conversion of traditional digital assets into xNFTs as well as ‘run’ them when consumers want to access them.
Skynet provides FusionX and xNFTs with a decentralized network of computing resources, enabling FusionX to process tokenization tasks effectively and at scale. By leaning into this decentralized computing power, FusionX can tokenize a massive volume of content, including movies, games, white-label applications, and videos, without compromising performance. This gives creators the confidence to tokenize their content quickly and with ease, regardless of the complexity or size of their project.
Furthermore, FusionX integrates with Skynet's broader capabilities, allowing creators access to a wide range of use cases. For example, there's the Skynet ZK proof integration which is designed to verify the Intellectual Property (IP) of content before changing them into xNFTs, which helps with piracy issues or theft. Also, there is an initial marketplace where xNFTs can be bought and sold on top of the Skynet protocol.
Integrating FusionX with Skynet's infrastructure offers creators a reliable and trustworthy platform for converting their digital content into NFTs.
In today's digital landscape, there is an ever-increasing need for content. Utilizing FusionX helps creators boost market demand, valuation, and better market distribution and creates an improved user experience compared to static NFTs.
Skynet powers FusionX and makes this possible by making its cost-effective decentralized distributed network of computing resources available.