Data NFTs are essentially blockchain-powered "licenses" for data usage. They can have various use cases ranging from simple to complex and, therefore, require various types or classes to ensure they are seamless to use.
Itheum offers three types of Data NFTs: Data NFT-FT, Data NFT-LEASE and Data NFT-PH (Plug-In Hybrid). In summary:
What They Are
Example Use Cases
Gaming analysts can publish gated insights on strategic gameplay
Musicians can allow people to buy and trade their music Data NFTs
Authors can publish eBooks
Artists can publish dynamic art work
Publish AI Models, Training Data or ChatGPT Prompts
These Data NFT collections are minted and managed via the Itheum Enterprisesuite of tools. The allow for more flexibility by granting creators control over how NFT tokens are transferred between selected parties or Smart Contracts or making them non-transferable. A single creator can own an entire collection of NFT tokens and have a powerful control portal to manage this collection. They could also be suitable for tokenizing sensitive, diverse, and personal data.
Gamer CVs or “passports”
Loyalty cards with tradable data streams on shopping history
Web3 Community activation (quests etc) for Web2 brands,
Data vaults, data sharing tools, and sovereign identity platforms
These Plug-In Hybrid (PH) Data NFTsare for projects that want to launch their own fully controlled NFT collections independently but would like to provide a “plug-in” interface for their regular NFTs to also be used as hybrid Data NFTs. This increases their NFTs’ utility by enabling them to tap into the Itheum ecosystem of tools and incentives, which converts their regular static NFTs into dynamic and composable NFTs.
In-game NFTs that “emit” their own data streams.
DeFi NFTs that tie the data insights of the holder to the NFT token to make personalized DeFI data portable between platforms