Cointime

Download App
iOS & Android

Itheum’s role in addressing the data needs of the AI era

From cointelegraph by Nick M

Artificial intelligence is developing at an unprecedented pace, with the global AI market projected to surpass $1.8 trillion by 2030. Advancements in machine learning, natural language processing and other AI technologies are projected to result in a compound annual growth rate of 19.1% for the sector in the 2024-2034 period.

These innovations all require vast amounts of diverse, high-quality training data. However, valuable data is often locked in centralized systems or scattered across multiple isolated platforms, creating one of the greatest barriers to AI development. Concerns over data privacy, ownership and security further exacerbate these issues and deter individuals and organizations from opening up their data sets.

  Source: Precedence Research

Itheum aims to solve these challenges by acting as a decentralized data brokerage platform. Its core mission is to turn data into an asset that can be securely controlled, shared, traded and monetized, and its infrastructure for data ownership is decentralized and built on blockchain technology.

Source: Itheum

Itheum also aims to incorporate privacy-preserving technologies such as zero-knowledge proofs and homomorphic encryption. These technologies allow data to be validated and used without being revealed, ensuring sensitive information remains confidential while still accessible for AI training or analysis. 

Itheum’s technology is a “horizontal platform,” which enables any industry to leverage it as a Web3-powered AI data platform. However, it’s actively focused on a few high-growth sectors: music, the AI creator economy and video game personalization via AI. Itheum sees these data-rich verticals as having high growth potential.

Source: Itheum

How Itheum works: Technical breakdown and new innovations

One of Itheum’s key innovations is the use of data NFTs, which represent data ownership and licensing rights on the blockchain. These tokens make it possible to bundle, package and trade data on decentralized marketplaces. They provide an immutable record of data provenance, ownership and transaction history. This is particularly relevant for gameplay data from platforms such as PlayStation, Xbox and Web3 games. 

By turning gameplay data into data NFTs, Itheum has created a structured and traceable framework for data ownership and monetization. Gamers can monetize their gameplay data in a transparent manner, while AI developers have a dependable data set, due to onchain validation. 

Itheum also has what it calls Data Coalition DAOs, which aggregate isolated and disparate data sets into valuable clusters. This allows AI developers to access comprehensive data sets that would otherwise be difficult to obtain. The DAO model ensures fair compensation for data providers and creates a more equitable data-sharing ecosystem. In the gaming sector, this could enable the aggregation of data from different gaming platforms and offer a more complete picture of gamer behavior and preferences.

Advertisement

Seamless on- and off-ramps for quicker transactions. Discover new levels of financial flexibility with Unlimit. Try now

Ad

The platform also introduces the concept of “Liveliness,” backed by its NFMe ID product, a decentralized identity and reputation layer that allows users to maintain control over their identity and reputation data across multiple platforms while supporting secure, transparent data-sharing practices. NFMe ID, or Non-Fungible Me ID, is founded on the concept of self-sovereign identity (SSI), a paradigm where individuals have full ownership and control over their personal information. Unlike traditional identity systems that rely on centralized databases managed by authorities, SSI uses decentralized technologies to empower users.

Itheum’s omnichain infrastructure is engineered to function across various blockchain networks, including Solana, MultiversX, Sui and Base. This design allows data NFTs to be transferred, utilized and monetized seamlessly across multiple blockchain environments. For instance, data recorded on Solana could be easily transferred and used on Sui or MultiversX for AI model training or data analytics without compromising security or data integrity. 

Source: Itheum

Comparison with other market solutions

Several platforms, including Ocean Protocol and Fetch.ai, are attempting to address the challenges associated with data sharing for AI. These platforms have their own approaches to solving the data bottleneck problem, but Itheum differs in several areas.

Ocean Protocol is a decentralized data exchange protocol that allows data owners to monetize data sets while retaining control. Itheum differs by providing the entire infrastructure layer for data to be sourced and stored from reputable data providers. This data can then be tokenized using data NFTs, and bulk data can be aggregated and governed by Data Coalition DAOs. 

With its holistic approach to solving the issues around data sourcing, ownership and governance in AI, Itheum has positioned itself as a data technology infrastructure layer for artificial intelligence. This method is particularly well-suited to the gaming industry, where data ownership and provenance are critical and enable players to monetize their data while maintaining privacy.

Fetch.ai combines AI and blockchain to create a decentralized marketplace for data and machine learning models. Fetch.ai’s native token is primarily used for transactions in its own blockchain ecosystem, while Itheum’s token operates across multiple blockchains and facilitates broader data interoperability and adoption. In the gaming sector, this means that players from various platforms can participate in data sharing and monetization without being limited to a single network.

Ecosystem, omnichain structure and market strategy

Itheum aims to attract diverse users, from individual data creators such as gamers, musicians and AI content creators to large enterprises and AI developers. These users will be incentivized to provide data sets through Itheum’s system of BiTz XP points and its native ITHEUM tokens. 

Participants earn BiTz XP by regularly engaging with the platform. These points are then converted into ITHEUM tokens, which can be locked up to raise a user’s Liveliness score. AI companies using the platform, in turn, can reference a user’s Liveliness score to find and engage with high-reputation contributors. This drives the creation of more valuable data NFTs.

Source: Itheum

Itheum’s omnichain structure also allows it to leverage the unique features and capabilities of different blockchain networks. For example, Itheum utilizes Solana’s high throughput and low-cost transactions for scalability and Sui’s blockchain-powered bulk data storage systems while also leveraging MultiversX’s tokenization features to enhance data flow across different blockchain ecosystems. In the gaming and AI sectors, this could mean faster, more efficient transactions and greater flexibility in how data is shared and used.

Conclusion

Looking ahead, Itheum intends to continue building and strengthening partnerships, such as its collaboration with Sony and the Astar Web3 incubation program, to create innovative use cases in AI and gaming. The upcoming launch of its Gamer Passport alongside additional data NFT drops will help onboard more users and strengthen Itheum’s position in the gaming sector. As Itheum continues to evolve, it will continue contributing to the future of data management and AI development.

Comments

All Comments

Recommended for you

  • BTC Falls Below $75,000

    Market data shows that BTC has fallen below $75,000, currently priced at $74,992.85, with a 24-hour decline of 1.16%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Key Events and Data Forecast for This Week: Fed Officials Speak, China-US CPI, US-Russia-Ukraine Talks

    On November 9, the key events and data forecast for this week are as follows: 1. Monday: ① Data: China's October CPI data; China's October M2 money supply year-on-year; ② Events: Speech by RBA Assistant Governor Hunt; Speech by 2027 FOMC voting member and Chicago Fed President Goolsbee; ③ Earnings reports: Occidental Petroleum (OXY.N), Lucid Group (LCID.O), etc. 2. Tuesday: ① Data: US October New York Fed 1-year inflation expectations; US weekly ADP employment change; US October seasonally adjusted CPI month-on-month; US October seasonally adjusted core CPI month-on-month; China's October trade balance in USD; China's October trade balance; ② Events: G7 Foreign Ministers' Meeting, with foreign ministers from Saudi Arabia, Egypt, South Korea, Kenya, Brazil, and Ukraine also attending; US, Russia, and Ukraine meeting in Abu Dhabi from November 10 to 11; Speech by 2027 FOMC voting member and Richmond Fed President Barkin; Speech by Bank of England Governor Bailey on central bank independence; Bank of Japan to release summary of opinions from October monetary policy meeting; Speech by Fed Governor Waller; Speech by 2026 FOMC voting member and Dallas Fed President Logan; ③ Holiday: Indian National Stock Exchange closed for one day due to Diwali; ④ Earnings report: TSMC to release October 2026 revenue report. 3. Wednesday: ① Data: US 10-year Treasury auction yield and bid-to-cover ratio as of November 10; US weekly API crude oil inventory; Germany's October CPI month-on-month final value; ② Events: OPEC to release monthly oil market report; US, Russia, and Ukraine meeting in Abu Dhabi from November 10 to 11; EIA to release monthly short-term energy outlook report; Bank of Canada to release monetary policy meeting minutes; Speech by 2028 FOMC voting member and Kansas Fed President George; Speech by 2026 FOMC voting member and Philadelphia Fed President Harker; ③ Holiday: US markets open normally for Veterans Day, CME's US Treasury futures will also trade normally, but the US cash bond market will be closed all day. 4. Thursday: ① Data: UK Q3 GDP year-on-year preliminary value; UK September three-month GDP month-on-month; UK September manufacturing output month-on-month; UK September seasonally adjusted goods trade balance; UK September industrial output month-on-month; US initial jobless claims for the week ending November 7; US October existing home sales annualized; ② Events: Domestic refined oil to enter a new round of price adjustment window; Speech by 2026 FOMC voting member and Cleveland Fed President Mester; ECB to release economic bulletin; ③ Earnings reports: SMIC (00981.HK), Applied Materials (AMAT.O), etc. 5. Friday: ① Data: US weekly EIA crude oil inventory, weekly EIA Oklahoma Cushing crude oil inventory, weekly EIA strategic petroleum reserve inventory; France's October CPI month-on-month final value; Eurozone Q3 GDP year-on-year revised value; Eurozone Q3 seasonally adjusted employment month-on-month preliminary value; Eurozone...

  • Federal Reserve Under Strongest Checks Amid Trump’s Overhaul Efforts; Walsh Faces Challenges in Building Core Team

    On November 9, Nick Timiraos, chief economic reporter for The Wall Street Journal and known as the 'voice of the Federal Reserve,' wrote that the results of the U.S. midterm elections have altered the power dynamics between the Trump administration and the Federal Reserve, providing the strongest checks yet on Trump's efforts to control the Fed. With the Democrats gaining control of the Senate, they will have greater influence over Federal Reserve appointments and the ability to block Trump from placing more loyalists on the Board of Governors. Although Trump can appoint his chosen Kevin Warsh as Fed Chair, he still lacks one supporter to secure a majority on the seven-member board. The prospects for obtaining this seat have clearly narrowed. The Trump-led White House has mounted the most direct challenge to the Fed's independence in decades, including an unprecedented attempt to dismiss current board members. Previously, checks on Trump came from several sources: a retiring Republican senator obstructing Fed nominations; Jerome Powell deciding to remain on the board after stepping down as chair; and a court temporarily allowing Fed Governor Lisa Cook to continue her duties. With the Democrats controlling the Senate, these dispersed checks will form a broader institutional constraint. During the remainder of Trump's term, the Democrats will be able to exercise oversight over all personnel nominations to the seven-member board of the Federal Reserve. Mark Spindel, an investment manager who studies the relationship between the Fed and Congress and co-authored related works, believes that Trump's plan to reshape the relationship between the Fed and the White House has faced significant setbacks. 'Clearly, it was declared dead last Tuesday,' Spindel said. He further stated, 'He can no longer get his people onto the board, nor can he fill partisan board seats. This matter is over.'

  • Strive CEO Hints at Possible BTC Accumulation Data Disclosure Next Week

    On November 8, Strive CEO Matt Cole posted a graphic of the company's Bitcoin holdings on the X platform, possibly indicating that BTC accumulation data may be disclosed next week.

  • DeepSeek Harness Plans to Establish Official Plugin Marketplace and Author Support Program

    On November 8, DeepSeek Harness announced plans to build an official plugin marketplace for developers to publish plugins and users to find them. The company is also preparing a support program for plugin authors, which aims to provide token funding, technical exchanges, and promotion of their works. A call for intentions has been opened, and the rules for participation and details of support will be announced upon the official launch. The team will also enhance the stability and compatibility of the plugin API and strengthen plugin security. The official disclosure revealed that the number of third-party plugins has increased to approximately 35,000, with about 60% of active users having created or installed at least one plugin.

  • Houthi Forces: Responding to Blockades with Blockades, Escalation with Escalation

    On November 8, the Houthi forces in Yemen stated in a declaration that they would continue to launch military operations deep into Saudi territory as retaliation for the casualties among the Yemeni people, until they force Saudi Arabia to cease its aggression. They also pledged to continue to inflict significant damage on Saudi Arabia through targeted military actions. The statement emphasized that Yemen will adhere to the principle of 'responding to blockades with blockades and escalation with escalation,' and will persist in striking the troop assembly points of Saudi forces and their officers until Saudi Arabia halts its military operations and lifts the blockade on Yemen.

  • Hyperliquid Whales' Short Positions Rise to $900 Million, Highest Since October 2025

    On November 8, according to on-chain data, Hyperliquid whales are significantly shorting Bitcoin: the scale of BTC short positions ranges from $892 million to $924 million, while long positions are between $454 million and $483 million; the largest single short position is approximately $178.5 million, with an average entry price of around $76,400, while Bitcoin's price at that time was about $75,800. Related accounts have been continuously increasing their short positions since turning net short on October 27. Market analysts point out that if the extremely crowded shorts encounter a price increase, forced liquidations could trigger a short squeeze.

  • French Foreign Minister: European Nations to Attend Ukraine Talks in Abu Dhabi

    On November 8, Reuters reported that French Foreign Minister Catherine Colonna stated on Sunday that European countries will participate in the Ukraine talks to be held in Abu Dhabi next week. In an interview with French RTL radio, Colonna said, "European nations will send a strong delegation; France will be attending these discussions in Abu Dhabi." She added, "I cannot disclose who will represent France at this time, but France will definitely send representatives." U.S. envoy Kurt Volker stated on Monday that Washington will convene Ukrainian and Russian delegations in Abu Dhabi from November 10 to 11 to discuss ending Moscow's military actions in Ukraine, post-war security agreements, and de-escalation of tensions.

  • Iranian Lawmaker: Concessions to the U.S. Won't End Its Hostility Towards Iran

    On November 8, according to Iran's Mehr News Agency: Farshad Ebrahimpour, a member of the Iranian Parliament's presiding board, responded in an interview to recent remarks made by Iran's Supreme Leader. The Supreme Leader stated that those who still believe that making concessions to the U.S. will lead it to abandon its hostile stance towards the Iranian people are gravely mistaken. Ebrahimpour emphasized that this statement serves as a reminder of an important reality in international relations: the nature of U.S. policy towards Iran should not be solely linked to the government, party, or political faction in power at any given time. He noted that over the past few decades, despite the differing political inclinations of various U.S. administrations, the policy towards Iran has consistently been based on pressure, restrictions, and confrontation. Therefore, the belief that U.S. policy towards Iran would fundamentally change with the alternating governance of its two major parties is inconsistent with historical facts and past experiences. He pointed out that historical experience shows that whenever the opposing side perceives signs of concession or weakness from Iran, it may further raise its demands. From this perspective, concessions that lack effective guarantees and do not consider the interests and rights of the Iranian people cannot be a reliable solution to disputes.

  • Hamas: Israeli Regime Intensifying Gaza Crisis, 'Peace Committee' Must Act

    On November 8, according to IRNA, Hamas stated that the Israeli regime is deliberately exacerbating the humanitarian disaster in the Gaza Strip, and the 'Peace Committee' should hold Israel accountable for its ongoing violations of relevant regulations. In a statement on Sunday, Hamas indicated that as the cold season approaches, the Israeli regime is intentionally blocking aid supplies from entering Gaza, further worsening the local humanitarian crisis. Hamas pointed out that the 'Peace Committee' and its senior representatives are responsible for the violations by the Israeli regime, claiming that their failure to take action has intensified the suffering of the displaced Palestinian people in Gaza. Hamas also called on mediators to ensure that the Israeli regime adheres to humanitarian protocols and allows aid supplies to enter the Gaza Strip.