Chainwire, Lyon, France, June 4, 2024
iExec’s latest development tools help Web3 developers build apps that increase user control over digital assets and maximize their monetization potential.
iExec, a company with a platform to build, own and monetize on Web3, has announced the release of an upgrade to its DataProtector development tools called ‘Monetize Version’. This latest innovation introduces upgrades that provide new ways for Web3 developers, DApp users, and content creators to manage and monetize their digital assets.
Since its founding in 2016, iExec has been a pioneer in providing solutions that prioritize data protection and ownership. The updated DataProtector ‘Monetize Version’ reaffirms iExec’s commitment to innovation by providing powerful tools that give developers the means to return control of their digital assets to their users. Enhanced tools will enable users of decentralized applications (DApps) to maximize the monetization potential of their data, content, and other digital assets.
Simplify DApp development with improved user ownership and monetization control
Building on the original iExec DataProtector developer tools, this new version introduces the DataProtectorSharing module. It expands the toolkit with a new SDK that provides a variety of monetization strategies that simplify the sharing, distribution, and monetization of digital assets. Transactions are protected by confidential computing hardware encryption and coordinated through iExec’s specialized DataProtectorSharing smart contract. Using iExec’s native cryptocurrency, RLC, simplifies monetization and ensures secure and transparent transactions on the network.
DataProtector ‘Monetize version’ gives DApp users control over their data.
- ownership: Users can maintain control by encrypting their data by registering ownership on the blockchain.
- dividing: Users can grant access to approved apps and share them securely without exposing their data.
- Monetization: Users can rent, sell, or bundle digital assets through subscriptions, giving them flexibility in how they monetize.
This upgrade introduces advanced monetization options designed to increase the value of your digital assets while maintaining control and security. Users have the flexibility to participate. Safe sharing Manage digital assets with authorized parties without infringing on their ownership rights. Additionally, assets include: rent Allows data or content owners to earn revenue while retaining ownership for a specified period of time. safe sale Options allow users to transfer ownership of data or digital assets to an interested buyer, who will have full control over their use at the blockchain level. Subscription Bundle Target your earning potential by giving you access to a curated collection of data for a predetermined fee. These versatile monetization options aim to help Web3 users extract maximum value from their data or other digital assets while ensuring ongoing control and security.
“DataProtector developer tools fit perfectly with our mission to help Web3 users optimally monetize the assets they own. Developers can create truly unique Web3 apps that prioritize user ownership, privacy, and monetization. “It will revolutionize the Web3 experience and set a new standard for the decentralized economy.” – Gilles Fedak, iExec CEO
What sets this upgrade apart is its streamlined approach to sharing protected data and earning RLC. Distribution channels are pre-set so users can initiate smart contracts independently, eliminating the need to personally manage each transaction. This process leverages the Intel SGX Trusted Execution Environment (TEE) to leverage a combination of blockchain and confidential computing to ensure data is end-to-end encrypted and remains secure during processing.
Impact on the Web3 Community
The new ‘monetized version’ of DataProtector development tools significantly strengthens the Web3 community by enhancing interaction and collaboration. These innovations enable a more dynamic and interactive ecosystem where users can confidently manage, share, and monetize their digital assets. By encouraging a culture of collaboration and innovation, this tool contributes to the collective growth and dynamism of the Web3 environment.
About iExec
iExec is for Web3 builders who believe users should have full control over ownership of their data. By creating cutting-edge decentralized developer tools, iExec helps developers build Web3 applications that prioritize data ownership, privacy, and monetization.
With transparent access to TEE infrastructure such as Intel SGX and advanced confidential computing, iExec ensures that data remains secure during processing, even from operators of the nodes themselves. This security framework gives users complete control over their data and specifies who can access it and for what purposes. iExec also promotes data ownership through NFTs, allowing users to monetize their digital assets through selling, leasing or giving away subscriptions. With direct monetization built into the protocol, developers earn RLC every time their app is used. Compatible with popular programming languages, iExec provides the flexibility and robust security essential to pioneering the future of Web3. For developers who value privacy, ownership, and monetization, iExec offers an attractive platform.
Developers and creators can visit the iExec Developer Portal to view detailed documentation and tutorials on the DataProtectorSharing module.
Developers and creators can also follow iExec on
contact
communications manager
Tina Fahimi
iExec
press@iex.ec
disclaimer: This is a press release provided by the third party responsible for the content. Please do your own research before taking action based on the content.