Elrond announced that Itheum would launch from its Maiar Launchpad
The launch will occur towards the end or in April.
Itheum, a Web3 data brokerage platform wants to tap into Elrond’s scalability
Elrond announced its support for Itheum (a Web3 data brokerage platform), by extending its strategic support. This move will see Itheum unveiled on Maiar Launchpad, Elrond’s strategic launch platform.
Itheum is the first and only decentralized multichain data brokerage company. It has been under development since 2003. Itheum is a platform that encourages data usage. Data owners will be able to trade and own their data via Web3 or Metaverse.
Itheum support is offered by Elrond
Itheum will use the Elrond scalable blockchain technology to create a platform that allows everyone to manage their personal data as assets. Itheum will also use NFMe ID technology for users to add a metadata layer to their soulbound Data Avatars to the metaverse.
“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,” saidMark Paul, CEO of Itheum.
This technology will provide users with a tailored experience while also earning passive income. End-user adoption will be encouraged. The technology also creates a platform for users to access valuable, accurate data at low prices. Itheum will launch on the Maiar Launchpad at the end of this month, or early next month.
The Elrond Blockchain
The Elrond blockchainOne of the largest players in the blockchain industry. Its blockchain architecture is designed to deliver immense scalability benefits such as high transaction speeds, high throughput, and fast transaction speeds.
Elrond has integrated sharding to increase scalability and has invested in a safe proof-of-stake algorithm. It has been dubbed a potential Ethereum killer. The network is capable of processing more than 10,000 transactions per seconds at significantly low cost, which is much more than what you can say for Ethereum.