Discover Itheum

Project Name: Itheum

Project Current Stage: Founded 2017

Project Official Links:  Website / Twitter / LinkedIn / Medium

Short Summary: The Itheum Project offers a novel approach to exploring and experiencing the web. Itheum is a customization engine that learns about your interests and then curates information from across the web in a manner that is appropriate to your interests.

What is Itheum?

Itheum grants users the ability to own their data within the metaverse and confers new market value on that data. This is made possible by the provision of technology known as “decentralized data broking.”

It is a collection of tools that enables high-value data to be bridged from web2 to web3 and then to be transferred through peer-to-peer sales. It makes “viral adoption” possible by means of our unique Data NFT technology and our Data Coalition DAOs (which bulk sell your data).

The Workings of Itheum

Itheum will analyze your online behavior through the use of machine learning techniques. Itheum gets better at knowing your interests the more you use it since it learns from each interaction. After that, it will begin to collect and organize stuff from all over the internet that it believes will be of interest to you.

The Itheum team is continuously trying to enhance the algorithm in order to provide you with the most pertinent and interesting content possible. We are committed to serving your needs. We think that Itheum has the potential to revolutionize the ways in which individuals locate and interact with content that is available online.

What is a $ITHEUM Token?

On the Elrond blockchain, there will be an entry for the “primary token.” The major token will have the token symbol $ITHEUM, while the side-chain tokens will be referred to as Side Tokens. Each Side Token will have a prefix character in front of the token symbol to identify it (for example, $mITHEUM or $bITHEUM). The primary token will have the symbol $ITHEUM.

Without possessing $ITHEUM, you will not be able to access several services of the Itheum Data DEX that are designed to allow the free exchange of personal data. Because of this, the $ITHEUM token is considered to be a “pure utility token.” At this juncture, the $ITHEUM token is going to be REQUIRED for the subsequent tasks (or corresponding Side Tokens).

Itheum difficulty and resolution

Your data is taken from you and sold on a market worth over $200 billion by centralized data brokers. The information is then used by brokers and affiliates to grant you credit and influence your thoughts and purchasing habits via targeted advertising.

Itheum provides a much-required solution to this problem: an end-to-end Web3 data technology stack that enables 8 billion people worldwide to actually own and trade their data.

Itheum provides users with the means to connect their data from web2 to web3 through a combination of Data CAT (Analysis and Collection Toolkit)-based applications and the Data CAT. Adapter that will investigate and crawl web3 and transfer ownership to you.

Investors

Morningstar Ventures contributed $1.5 million in a seed round to Itheum.

Morningstar Ventures has committed $15 million by the end of 2021 to support global team-building with Elrond technology. As part of this initiative, the Dubai incubator will be used to support strategic Elrond projects globally, with a focus on the UAE, Middle East, and North Africa (MENA) region.

Itheum is the first project supported by the Elrond Dubai Incubator of Morningstar Ventures.

Please use this article as a reference, as it is not investment advice, as it contains only basic information about the project.

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