Itheum joins Cointelegraph Accelerator Program to democratize data ownership

Large corporations operating successful the Web2 abstraction proceed to cod idiosyncratic information to boost profits but bash not stock astir of this worth with the users providing the data. However, with the emergence of Web3 technologies, the infrastructure indispensable to bring backmost power to the radical has arrived. Through a caller Web3 exertion built by Itheum, radical tin own, commercialized and beryllium rewarded for their information arsenic it transforms into a caller high-value plus people that powers the aboriginal information economy.

Through Itheum, commercialized enterprises and end-users tin bask assorted benefits. Platform integrators, which are third-party companies oregon projects, tin utilize the infrastructure provided by Itheum to make data-backed loyalty cards, information passports carrying individuality and reputation, and different behavioral information accumulation tools similar information watercourse nonfungible tokens (NFTs), which tin beryllium utilized to cod and store information astir a user’s behavior.

On the different hand, marketplace traders, specified arsenic businesses, advertisers and users, tin mint and database their information watercourse NFTs. The eventual exemplary of the level volition let the trading of the information NFTs successful a decentralized and permissionless way, leveraging the champion features of NFT exertion to license, beryllium ownership and beryllium rewarded with ongoing royalties for their data.

Cointelegraph Accelerator was launched successful 2023 to assistance promising early-stage Web3 projects and assistance their growth. Itheum was chosen to articulation the programme owed to its innovative information ownership approach, combined with its coagulated method instauration and imaginativeness for a decentralized information brokerage platform.

Cointelegraph’s extended planetary assemblage volition supply a coagulated instauration for Itheum to dispersed its connection and thrust growth. The concern volition assistance Itheum broaden its scope and much efficaciously convey its ngo of returning information ownership to users done its groundbreaking information brokerage exertion and blockchain-powered tools.

By leveraging the immense planetary assemblage of Cointelegraph and information successful its Accelerator Program, Itheum aims to dispersed its connection and ngo to the masses, bringing backmost information ownership to users done its Web3 information brokerage platform.

The Itheum Web3 information infrastructure lets users instrumentality power of their information done its flagship information tokenization exertion and peer-to-peer multichain information protocol. In addition, the project’s exertion allows users to person provable idiosyncratic information provenance and lineage — cardinal gathering blocks that empower information ownership for individuals. With this collaboration, some ecosystems strive to make a much democratized and equitable information scenery wherever each individuals crossed the globe tin payment from the worth of their idiosyncratic data.