The problem Masterfile solves

By tying digital rights management to an NFT we can enable a whole new class of digital assets to the ecosystem that has the potential to retain their value by avoiding commoditization by piracy (copy and paste). This has a wide range of potential applications, some of which are:

• Secure File Access/Transfer (Intellectual Property, Medical Data, Whistleblowers, etc.)
• Rare/Limited Edition Collectibles (Art, Comic Books, Trading Cards, etc.)
• Paywalled Content
• Licensing Agreements

We are particularly interested in introducing this type of technology to digital artists, as there is a demand from both the artist and collector side to be able to sell/collect digital art that maintains its value and limited availability, similar to traditional art collecting in the real world. Additionally, with the growing NFT collectibles market introducing this type of technology to digital artists and collectors can serve as an onboarding ramp into the cryptocurrency ecosystem.

Challenges we ran into

• Lost team members (2x)
  Final Team: Aya Ng, Garret Hardin, Shaan Bhagat

• Working with early stage technologies