Big data is changing the world in more ways than you can possibly imagine. Companies are driving strategies worth billions of dollars based entirely on big data analytics. While this is a scary concept and blockchain primarily aims to provide safety for the common man, it also opens ways for you to earn from it. Instead of trying to hide your data, why not use it as an asset and make money from it while also increasing the level of control you have over it? Itheum aims to provide exactly such a solution by being what they call “the world’s first decentralized cross-chain data brokerage platform.”
How Does Itheum Work?
For people working in data mining and other areas where personal information is highly valuable, gaining more control over information and making it an asset means everything. Of course, that does not limit to big companies either and everyone can use the opportunity provided by Itheum to turn their data into a sellable asset. It is quite interesting to see the unique approach that this platform has taken as it provides a high level of control for users over their data and helps them use it as an asset. Here are some of the main features of Itheum that you should know about.
- The company provides a complete suite of blockchain tools that let users integrate their data into web3.0 environments. To make things easier, you can also create web2.0 apps that let you structure your data to utilize it towards maximum effect as an investment.
- The platform also allows people to access structured data that is provided willingly by other people. The level of insights gained from such a data collection can be invaluable for a wide range of applications.
- Itheum also has an avatar called NFMe ID which is a “soulbound” NFT that users can utilize in many ways. The NFT is backed by the user’s personal data. The system also offers interoperability so that you can use your avatars across multiple metaverses and games.
Itheum is created by a team of highly experienced blockchain developers, data scientists, information brokerage specialists, software engineers, and more.
How to Participate?
Itheum will be holding an IDO for its ITHEUM token on Elrond Maiar Launchpad starting 26th March 2022.
* ICO Daily does not provide investment advice. Please read our disclaimer