Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

In Another Step Toward Building Metaverse-Scale Blockchain Infrastructure, Elrond Announces That Web 3.0 Data Brokerage Platform Itheum Will Debut on Its Strategic Launchpad

by ChainWire
March 9, 2022
in Industry Announcements

March 9, 2022 – Dubai, United Arab Emirates


Elrond, the company developing internet-scale blockchain technology to onboard the next billion people into web 3.0 and the metaverse, has announced its strategic support for web 3.0 data brokerage platform Itheum, which will debut on Elrond’s strategic launch platform, the Maiar launchpad.

Itheum is on a mission to shift the fundamentals of the internet economy away from the one-sided advertising model, where user data is freely gathered and used by tech platforms, toward a collaborative model where the incentives for data producers and consumers are fully aligned.

Mark Paul, CEO of Itheum, said,

“Some of the brightest minds of our generation and insane amounts of resources are increasingly focused on finding new ways to harvest data from users and selling it further for ads. If we empower users and businesses to own their data and derive value from it, the internet can progress to a new level of usefulness and trust. A solid foundation for the next territory for human evolution – the metaverse.”

By leveraging Elrond Network’s scalable blockchain technology, Itheum will create the premise for everyone everywhere to manage their personal data as assets. Taking things a step further, Itheum is also deriving NFT technology to create NFMe IDs, ‘soulbound’ data avatars for the metaverse.

Beniamin Mincu, CEO of Elrond Network, said,

“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. Data will be the building blocks of the metaverse, and Itheum is creating the premise for everyone everywhere to share in the significant upside potential of this untapped new economy.”

NFMe ID technology will enable users to add a metadata layer to their regular avatar and have more rich and customized experiences while converting their data into a naturally recurring income stream for the new metaverse economy.

This technology will be a powerful incentive for end-user adoption, while also creating the premises for data consumers to acquire more valuable and accurate data assets at competitive prices.

The Itheum platform is enterprise-ready out of the box and is already pioneered by a number of customers for healthcare, hospitality, labor and other business verticals that acknowledge data assets as the next frontier for significant growth.

Itheum is incubated by Morningstar Ventures in the strategic Elrond Dubai incubator and will debut in the Elrond ecosystem on the Maiar launchpad in late March or early April.

About Elrond

Elrond is a new blockchain architecture, designed from scratch to bring a 1,000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations – a novel adaptive state sharding mechanism and a secure proof-of-stake (PoS) algorithm, enabling linear scalability with a fast, efficient and secure consensus mechanism.

Thus, Elrond can process upwards of 10,000 transactions per second (TPS), with five-second latency and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

Website

About Itheum

Itheum is the world’s first decentralized multi-chain data brokerage platform that is powered by the Elrond blockchain. It has been in development for the last three years with a vision to unlock data silos that are created and closely guarded by web 2.0 organizations.

Itheum’s team recognizes that data is a highly tradable asset, with immense worth for its controllers, and hence they aim to empower users by helping them own and trade their data in the web 3.0 and metaverse era.

Website

Contact

Dan Voicu, head of communications at Elrond

Press department for Itheum

Dan Edelstein

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.


Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

 
Submit a Press Release

Industry Announcements

  • Babel Finance Used Collateralized eNote on FQX’s Solana DApp via Fireblocks
    May 19, 2022
  • Top Solana Play-to-Earn Contender DeFi Land Launches Its First Play-and-Earn Game
    May 18, 2022
  • Sneakmart Announces a Collaboration With StockX on Its First Metakicks Drop
    May 18, 2022
  • Everyrealm and Storyverse Partner To Create Interactive Stories for NFT Communities
    May 18, 2022
  • DoraHacks Raises $20 Million Led by FTX Ventures and Liberty City Ventures To Scale Its Global Web 3.0 Startup Platform
    May 18, 2022
  • BinaryX Unveils CyberArena – A New Play-To-Earn Experience
    May 18, 2022
  • Coinshift Closes $15 Million Series A Led by Tiger Global, Sequoia Capital India, Alameda Ventures
    May 17, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$29,302.00
$29,302.00
3.47%
Ethereum
$1,968.62
$1,968.62
2.67%
Cardano
$0.512402
$0.512402
5.53%
XRP
$0.413668
$0.413668
1.81%
Dogecoin
$0.084095
$0.084095
3.6%

Spotlight

  • Bitcoin in ‘Deep Value’ Area as One Metric Hints at BTC Bottom, Says Macro Expert Lyn Alden
    May 16, 2022
  • Top Analyst Forecasts What’s Ahead for Ethereum, Solana (SOL) and One More ETH Rival As Crypto Markets Bounce
    May 18, 2022
  • Investing Legend Mark Mobius Issues Warning to Crypto Investors, Details Dire Price Targets for Bitcoin (BTC)
    May 13, 2022
  • Latest Market Crash Could Be Turning Point for Bitcoin and Crypto, According to Michael Saylor – Here’s Why
    May 17, 2022

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX

© 2022 The Daily Hodl