Monday, 17 June 2024

Crypto News

iExec Launches Enhanced DataProtector: Revolutionizing Web3 Monetization & Ownership

iExec Launches Enhanced DataProtector: Revolutionizing Web3 Monetization & Ownership

Lyon, France, June 4th, 2024, Chainwire

iExec’s latest dev tool empowers Web3 developers to build apps that enhance user control over their digital assets and maximize monetization potential.

iExec, the company with the platform to build, own, and monetize in Web3, has announced the release of an upgrade to their DataProtector dev tool, dubbed the ‘Monetize Version’. This latest innovation introduces an upgrade that offers new methods for Web3 developers, DApp users, and content creators to manage and monetize their digital assets.

Since its inception in 2016, iExec has been a pioneer in offering solutions that prioritize data protection and ownership. The updated DataProtector ‘Monetize Version’ reaffirms iExec’s dedication to innovation, delivering powerful tools that give developers the means to return control over digital assets to their users. The enhanced tool enables decentralized application (DApp) users to maximize the monetization potential of their data, content, and other digital assets.

Simplifying the Development of DApps with Enhanced User Ownership and Monetization Control

Building on the original iExec DataProtector developer tool, this new version introduces the DataProtectorSharing module. This expands the toolkit with new SDKs offering a range of monetization strategies that simplify the sharing, distribution, and earning from digital assets. Transactions are secured by Confidential Computing hardware encryption and orchestrated via iExec’s specialized DataProtectorSharing smart contract. Monetization is streamlined through the use of RLC, iExec’s native cryptocurrency, ensuring secure and transparent transactions on the network.

The DataProtector ‘Monetize Version’ Puts DApp Users in Control of Their Data

  • Ownership: Users can encrypt their data with ownership registered on the blockchain, ensuring they maintain control.
  • Sharing: Users can grant access to authorized apps and share data securely without exposure.
  • Monetization: Users have options to rent, sell, or bundle their digital assets in subscriptions, allowing flexibility in how they monetize.

This upgrade introduces advanced monetization options designed to enhance the value of digital assets while maintaining control and security. Users have the flexibility to engage in secure sharing of their digital assets with authorized parties…

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