Itheum Launches Data NFT Technology on CanaryNet, Redefining Data Ownership

Itheum
Itheum
Published in
7 min readJul 27, 2023

--

In an exciting development that promises to reshape the landscape of data ownership, we are delighted to share that Itheum’s highly-anticipated Data NFT Technology has successfully launched on CanaryNet. This is more than just a significant milestone; it’s the start of a new era where data creators, businesses, and individuals can convert their valuable datasets into unique Non-Fungible Tokens (NFTs), thereby unveiling the true potential of their data.

For decades, tech giants and centralized data brokers have profited from your data while you remain sidelined. Today, we turn the tables. With our Data NFT Technology, we are ushering in an era where your data truly belongs to you. By turning your datasets into unique NFTs, you not only assert your ownership but also open the door to a world of opportunities. This isn’t just about controlling your data; it’s about harnessing its power and transforming it into an asset that can lead to unprecedented opportunities for data creators and organizations alike. The future of data is here, and it starts with you.

Exploring a New Frontier: The Trailblazer Sets the Stage for Our Technology

The Trailblazer is now live for trading on our Data NFT Marketplace! 🏁

In synchrony with the launch of our Data NFT technology, we have taken the first leap into a new dimension of data interactions with the introduction of the Trailblazer Data NFT, our premier Data NFT minted on the MultiversX blockchain. Successfully airdropped to our dedicated community, the Trailblazer’s arrival not only heralds the official commencement of our technology but also embodies a new paradigm in data ownership.

Designed to unite, incentivize, and reward our extraordinary community, this pioneering Data NFT offers a rich tapestry of utilities and features — from access to exclusive events and rewards in $ITHEUM tokens, to connections with a diverse cohort of data enthusiasts. The Trailblazer, as our Marketplace’s inaugural Data NFT, creates dynamic and engaging data streams, bringing to life the possibilities of Data NFTs. Now live for trading on our Data NFT Marketplace,the Trailblazer opens up a new frontier for data enthusiasts and sets the stage for an exciting era of data ownership. Happy Trading.

To learn more about how you can Trade the Trailblazer, click here.

Data NFTs: Tokenizing your data like never before

In the evolving data-driven society, traditional data brokerage practices have limited the autonomy and control of data creators. However, with the emergence of blockchain technology and the advent of Data NFTs, a new era is dawning. Data NFTs enable the conversion of data into a new asset class on the blockchain, unlocking opportunities for data owners to earn rewards through royalties and ensuring transparency, security, fair compensation, and true ownership. With Data NFTs, data becomes a tradable and highly sought-after asset, offering immense potential for businesses, researchers, and individuals.

Data NFTs lie at the core of our decentralized vision, revolutionizing the way data is perceived, exchanged, and monetized. By tokenizing datasets as unique Non-Fungible Tokens on the blockchain, we enable individuals and entities to verify ownership, control distribution, and engage in direct peer-to-peer data exchange. This approach challenges the traditional model of centralized data control, paving the way for a decentralized data economy where data creators can earn rewards from their expertise and data consumers can access high-quality and valuable insights.

CanaryNet: A Guarded Launch for Data NFT Technology

The launch of our Data NFT Technology on CanaryNet represents a significant milestone in our commitment to regulation compliance and operational excellence. CanaryNet serves as a guarded launch, providing transparent guardrails that protect participants in the ecosystem. With CanaryNet, we create an environment where data creators, integrators, and consumers can engage with real-economic value and experience the transformative power of decentralized data ownership. This approach ensures a secure and trustworthy platform while paving the way for mainstream adoption of web3 data technology.

Our launch on CanaryNet signals a paradigm shift in how data is perceived, owned, and traded,” said Mark Paul CEO and Co-Founder of Itheum. “We’re not just launching a technology; we’re kick-starting a movement towards a democratized data economy where data creators and organizations are truly empowered.”

As part of the Guarded Mainnet Launch for the Whitelisted Data NFTs, specific guardrails have been put in place to ensure a secure and equitable trading experience. These measures are designed to protect the interests of our community and promote a fair marketplace for data enthusiasts and creators.

Guardrails for Whitelisted Data NFTs:

  • Buyer Fee: 2%
  • Seller Fee: 2%
  • Maximum Payment Fees: 10,000 $ITHEUM
  • Maximum Royalties: 20%
  • Maximum Data NFT Supply: 5,000
  • Transaction Limitation: 2 units per transaction

The above GuardRails are subject to change and are transparently published on Itheum’s Data DEX. For more details on the CanaryNet “Guardrails” and how they protect users and promote operational excellence, click here.

The Data NFT Marketplace: Where Data Finds its Audience

To facilitate seamless data exchange and connect data creators with data consumers, Itheum provides a robust Data NFT Marketplace. Here, data creators and projects can showcase their valuable datasets to a wide audience, attracting potential buyers, researchers, and innovators. The Marketplace serves as a hub of opportunities, where data creators can monetize their data, and data consumers can access high-quality insights and fuel their growth. Through secure and transparent transactions, the Marketplace fosters trust and creates a vibrant ecosystem for data exchange.

Whitelisting Process: Open for Individuals and Projects Worldwide

We are delighted to share that the whitelisting process, which commenced a month ago, is well underway and actively engaging individuals and projects worldwide. This exclusive opportunity allows creators and organizations to transform their data into a brand-new asset class, empowering data ownership like never before. By participating in the whitelisting process, you gain early access to our innovative technology, personalized guidance, and support from our experienced team. This marks a significant step towards democratizing data ownership and shifting power from platforms into the hands of creators.

Whether you’re a data creator, researcher, content creator, analyst, gamer, or a pioneering project — you have the power to redefine the value of your data. With Itheum’s Data NFT Technology now live on CanaryNet, you can unlock the true potential of your data, create new revenue streams, and be at the forefront of the data revolution.

Are you interested in seeing your data come to life on the blockchain? Click here to get involved and be part of history.

A Rich Pipeline of Datasets Coming Soon

While our technology has been launched, and the Data NFT Marketplace is open, we are currently in the exciting phase of onboarding data creators and projects from around the world. This means that in the coming weeks, our marketplace will be populated with a diverse and intriguing array of datasets, converted into Data NFTs. We are working closely with creators and organizations to bring an array of datasets to life as NFTs, spanning a wide range of fields and interests. This is an incredibly exciting time, as we prepare to present the wealth of information that will soon be accessible for all to explore and utilize. So, keep an eye on our Marketplace — an enriching world of data is coming your way soon!

About Itheum

Itheum empowers data ownership in the Web3 and Metaverse ecosystems and creates new market value for your data. It enables this by providing “decentralized data brokerage” technology. It’s a suite of tools that facilitate high-value data to be bridged from web2 to web3 and then traded peer-to-peer. It allows for “viral adoption” via our creative “Data NFTs” (provide “inner value” to NFTs and enable royalties / limited supply), “NFMe ID” technology (a living Metaverse avatar representation of you — wrapped as an NFT and backed by personal data) and innovative Data Coalition DAOs (governance entities that bulk trade your data with your consent). It also aims to be fully privacy-preserving, regulation-friendly, and multi-chain, making it the most comprehensive core blockchain data and identity infrastructure available in the market with use cases in both the enterprise and consumer space.

Website | Twitter | Discord | Telegram | YouTube | Instagram | Linkedin | All Other Communities

Terminology Disclaimer | Platform Disclaimer

--

--

Itheum
Itheum

Experience real-world adoption of Data NFTs! Enabling seamless data asset tokenization for everyone worldwide. Learn more at https://itheum.io