Codex Protocol is a decentralized registry for unique assets backed by an industry consortium representing 5,000 auction houses. Codex is initially focused on the $2 trillion Art & Collectibles asset class (art, wine, jewelry, watches, collectible cars, etc.), where the need for a registry is greatest because no centralized title registry exists. For unique assets, provenance (the identity, chain of ownership, and other metadata about an item) is fundamental to value. Verifying this critical information is a constant challenge that creates costly friction in the ecosystem.
The Codex Protocol registry solves this problem by recording, verifying, and securely storing important information about each item. With this information, Codex users can easily access a variety of applications and services like asset-backed lending, insurance, fractional ownership, bidding, escrow and more. The first application lets you use cryptocurrency to buy over $6 Billion of merchandise from auction houses. Many other applications have already been announced including a bidding application, through which the first purchase was of a CryptoKitty for the highest price ever achieved.
Online website: Visit Website
Number of Employees: 6-10
Additional Locations: New York
Taking New Clients?: Yes
Willing to Travel?: Yes
Works with New Collectors?: Yes
Key Personnel: Mark Lurie, CEO
Founded Lofty.com (aqd 2016). Former investor at Bessemer Venture Partners and FJLabs. Harvard Business School, MBA. Harvard College, BA Economics.
Jess Houlgrave, COO
Former private equity investor, OpTrust. Former Investment banking at Credit Suisse. Former Client Liaison, Sothebys. Sothebys Institute, MA. Oxford University, MA economics.
John Forrest, CTO
Former Microsoft, Sr. Engineer, Identity division. Southern Methodist University, BS computer science, summa cum laude.