What is Itheum?
Your data is being taken from you and sold by centralized data brokers in a "shadow data market” valued at over $200 billion. Your data is then utilized by these brokers and their associates to profile you and influence your thinking and purchase habits via targeted advertising. Itheum provides a much-needed solution to this problem: an end-to-end web3 data technology stack empowering 8 billion people around the world with the means to truly own and trade their data in the metaverse.
In development for over 3 years by a team of highly skilled and experienced data technologists, Itheum is well-equipped to be the core data layer of the next generation “open internet,” where data ownership will be immutably linked to “Data Creators” and data trade can be facilitated via peer-to-peer mechanisms, ultimately cutting out the centralized profit-hoarding data brokers of the world today.
Itheum will use the high throughput, inexpensive, carbon-negative, and user-friendly Elrond blockchain to enable a sustainable web3 data economy driven by a compelling set of economic incentives. Powered by the high-utility ITHEUM token and core features such as NFMe ID (Non-Fungible Me) “soulbound” avatars, Data NFTs, Data Coalition DAOs, and an array of web3 data privacy features - Itheum will empower you with the tools to truly own and trade your data for the 1st time in history.
Brokers such as social media platforms and search engines sell their users’ data to companies who seek to maximize the value of users for their businesses through highly targeted ads and predictive analytics. This is the model evolved that enables them to keep most services free.
Still, as a consequence, the internet has become a battleground for user attention that has propelled tech giants to be the most valuable companies in the world, while the digital space becomes increasingly focused on luring users into unproductive online behavior focused on irrelevant eye grabbing content rather than value creation.
But as these practices become increasingly sophisticated, a new set of technologies are ready to take the main stage. These innovations transform this one sided data economy into a vibrant marketplace, where data producers can decide what information should be accessed, used and traded, and more importantly, the benefits they receive in return.
Powered by blockchain technology, Web3 creates a new premise that enables true ownership of assets, and perhaps even more exciting, true ownership of data, which can also be turned into a lucrative asset.
Enter Itheum, The Fundamental Data Building Block Of The Metaverse
Itheum is a new startup, enabling data to be transformed into assets and traded in an open marketplace. Using blockchain technology, Itheum empowers its users to truly own their data and immediately benefit from its value to third parties.
In turn, these third parties get access to a more accurate and valuable set of data, which they can acquire with higher confidence about its value and at more attractive prices. This creates a self-sustainable market of data assets that can be leveraged to enhance virtually any business vertical that relies on information to operate and grow.
Going beyond the existing business landscape, Itheum’s vision is to leverage its capabilities for building the Metaverse in the right way. Using the valuable data assets it helps create in tandem with hyper-immersive technologies, Itheum creates a customized space for work, education, administration, business and entertainment, to take their most compelling forms.
With data representing the building blocks of the Metaverse, aligning the incentives between its builders and its users, an important milestone is unlocked, one that has the potential to shape the future of digital experiences.
Are Data Avatars our most valuable future treasure?
Now, take a second to think about this.
What if your entire experience on the internet and the Metaverse, was realized via your personal Data Avatar. A powerful filter, storing key preferred settings, special interests, memorable experiences, and other relevant information, creating the most compelling version of the world for us.
What if this became one’s most important asset, and perhaps surprisingly, one’s most important recurring income stream.
Well, this is the time, and the technology is finally here. The elements are in place for building a compelling environment where adventure, exploration, and curiosity are elevated to unprecedented levels of immersiveness and unique relevance.
The path from Web 2 to Web3 is clear. But wouldn’t the internet be incomparably more powerful if experienced in a visual, immersive, world-like, uniquely customized form?
To make this a reality, Data Avatars are a fundamental building block we really need. And Itheum is here to build them.
What will their value really be? Or, to put it differently, what would the value of a digital extension of yourself in the Metaverse be?
To be sure, realizing this full vision will take time to build. But still, one cannot deny these may be some of the most exciting and fascinating open questions of our time.
The answers, we’re just about to find out.
Roadmap
Q2 2021
- Data CAT and Data Adaptors (SDK to build and bridge high-value personal data from web2 into web3) went live
Q3 2021
- Data DEX tech stack to enable peer-to-peer trade of data went live on testnets
- Data NFT technology that wraps access to personal data went live on testnets
Q1 2022
- $ITHEUM utility token launched on Elrond
Q2 2022
- Elrond integration for Data DEX and Data NFTs
- Gaming and Metaverse use-case integration (Guilds, players, scholars, NFT asset utilization data insight unlocking)
Q3 2022
- NFMe ID Personal Data Avatar powered “Player Passports” development (player reputation, NFT utilization, and inter-game/guild movement tracking)
- NFMe ID Personal Data avatars deployed to testnet
Q4 2022
- Multi-chain support
- Security audits
- Data DEX & Data NFT deployed to mainnet
Q1 2023
- NFMe ID Personal Data Avatars deployed to Mainnet
- Data Metaverse “Greenroom” portal for the public to claim their NFMe ID avatars
Q2 2023
- Enterprise data sharing use-case development
# |
Details |
|---|---|
Max supply |
1,000,000,000 ITHEUM |
Initial circulating supply |
166,250,000 ITHEUM |
Maiar launchpad price |
$0.04 USD / ITHEUM |
Other information |
CLICK HERE |
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