Itheum’s platform embraces the principles of Web3 to help people own, transfer and be rewarded for their data.
Large companies operating in the Web2 space continue to collect user data to increase their profits, but do not share much of this profit with the users who provide the data. However, with the advent of Web3 technology, the tools needed to give people back control have arrived. Thanks to the new Web3 technology developed by Itheum, people can own, trade and get paid for their data as it evolves into a new class of value that powers the data economy of the future.
Thanks to Itheum, businesses and end users can enjoy various benefits. Those who connect to the Platform, which are companies or other services, can use the resources provided by Itheum to create loyalty cards that generate data, identity and passport data, and other collections of behavioral data. such as non-fungible data streams (NFTs), which can be used to collect and store data about user behavior.
On the other hand, customers such as businesses, advertisers, and users can create and list their NFT data. The ultimate model of the platform will enable the sale of NFT data in a license-free manner, using the best features of NFT technology to obtain rights, prove ownership, and receive ongoing royalties for data them.
The Cointelegraph Accelerator was created in 2023 to help guarantee Web3 projects in the early stages and accelerate their growth. Itheum was chosen to participate in the program because of its innovative approach to data acquisition, combined with its strong technical base and vision for a platform that markets data without any limitations.
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