The Itheum Protocol is introducing Data NFTs and a blockchain-agnostic XP system to increase user engagement and trust. Their goal is to redefine data ownership and exchange across different blockchains.
The Web3 space is facing challenges in terms of user involvement and community growth. One of the main issues is the presence of malicious entities such as bots and bad actors, which undermine the trust and security that Web3 aims to establish.
The problem of low participation is particularly evident in sectors outside of decentralized finance (DeFi), where projects focused on NFT infrastructure struggle to gain traction. These initiatives often face low engagement levels, highlighting the need for mechanisms that can incentivize and reward users in meaningful ways.
To address these challenges, experience point (XP) systems have emerged as a promising solution to boost user engagement in the Web3 landscape. However, for these systems to reach their full potential and attract a diverse user base, they need to be independent of specific blockchains. By creating blockchain-agnostic XP systems, projects can appeal to users from any blockchain protocol, expanding their reach and impact.
The Itheum Protocol is a decentralized platform that leverages blockchain technology to enable data ownership and trade through Data NFTs. Its aim is to revolutionize data management, ownership, and exchange by ensuring security and transparency.
The Itheum ecosystem introduces a game-style XP system called BiTz, which is designed to enhance user engagement and differentiate between legitimate users and malicious entities. This system is not limited to a single blockchain and integrates with Itheum’s omni-chain features, allowing users from various blockchains to participate and create Data NFTs.
The BiTz XP system encourages users to actively participate by rewarding them as they climb the platform’s monthly and all-time-high leaderboards based on their accumulation of BiTz, the smallest data XP unit within the Itheum Protocol.
Leaderboards foster competition and community among users. Top performers receive benefits such as airdropped Data NFTs from past and future data creators, boosts on monthly Itheum Trailblazer quest rewards, and future perks like giveaways and merchandise.
To acquire BiTz, users must possess a BiTz-compatible Data NFT in their wallet, which allows them to participate in the “Get BiTz” game. Initially, these Data NFTs were distributed to early supporters of the Itheum Protocol through airdrops. However, users who did not receive the airdrops can purchase BiTz-compatible Data NFTs on various NFT marketplaces.
In the game, which is playable every 6 hours (reduced to 3 hours during the launch window), users are required to “burn” a meme as an offering to the BiTz Generator God. Whether users win BiTz is determined by chance after sacrificing the meme.
Apart from playing the Get BiTz game, users will soon be able to earn BiTz points by engaging with the Itheum Protocol. Activities such as exploring and marking favorites among Data NFTs and Data Creators through the Data DEX, using Data Uptime Checks, or embedding Data Widgets within the Itheum Explorer will earn users extra BiTz points.
Users are also invited to contribute their insights through the suggestion form, offering an opportunity to influence the utility of BiTz and the development of the ecosystem.
Through these initiatives, Itheum, a participant in the Cointelegraph Accelerator, aims to address challenges related to data ownership and trade in the digital economy. They strive to build a secure and inclusive environment for data exchange. The leaderboard system and associated rewards reflect Itheum’s commitment to valuing user contribution and interaction, emphasizing the platform’s dedication to enhancing data control and ownership in the digital age.
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