Itheum To Democratize Data Ownership
Itheum, a Web3 data brokerage platform, has joined Cointelegraph’s Accelerator Program to help democratize data ownership. The company’s innovative approach to data ownership is combined with a solid technical foundation and a vision to empower users to own, trade, and be rewarded for their data, which is rapidly becoming a high-value asset class.
With the emergence of Web3 technologies, people can take control of their data as it transforms into a new high-value asset class that powers the future data economy. Itheum’s platform embraces the principles of Web3 to help people own, transfer, and be rewarded for their data. Through the platform, commercial enterprises and end-users can enjoy various benefits.
Cointelegraph’s extensive global audience will provide a solid foundation for Itheum to spread its message and drive growth. The partnership will help Itheum broaden its reach and more effectively convey its mission of returning data ownership to users through its groundbreaking data brokerage technology and blockchain-powered tools.
According to a recent report by Statista, the global big data market size is expected to reach $103 billion by 2027. The value of user data is rapidly increasing as companies continue to collect user data to boost profits without sharing most of the value with the users providing the data. However, with the emergence of Web3 technologies, the infrastructure necessary to bring back control to the people has arrived.
Through Itheum, marketplace traders, such as businesses, advertisers, and users, can mint and list their data stream non-fungible tokens (NFTs). The ultimate model of the platform will allow the trading of the data NFTs in a decentralized and permissionless way, leveraging the best features of NFT technology to license, prove ownership and be rewarded with ongoing royalties for their data.
Cointelegraph Accelerator was launched in 2023 to assist promising early-stage Web3 projects and aid their growth. By leveraging the vast global audience of Cointelegraph and participation in its Accelerator Program, Itheum aims to spread its message and mission to the masses, bringing back data ownership to users through its Web3 data brokerage platform.