Empowering Web3 Developers with iExec's Latest Monetization Tool

In Lyon, France, on June 4th, 2024, iExec unveiled an upgraded version of its DataProtector dev tool, known as the ‘Monetize Version’. This update is designed to provide Web3 developers, DApp users, and content creators with new avenues to manage and monetize their digital assets effectively.

Founded in 2016, iExec has been a trailblazer in offering solutions that emphasize data protection and ownership. The ‘Monetize Version’ of the DataProtector tool underscores iExec's commitment to innovation by empowering developers to give users more control over their digital assets. This enhancement enables DApp users to maximize the monetization potential of their data, content, and other digital assets.

Enhancing DApp Development with Advanced Features

The updated DataProtector tool introduces the DataProtectorSharing module, expanding the toolkit with new SDKs that offer a range of monetization strategies. These strategies simplify sharing, distribution, and earning from digital assets, ensuring transaction security through Confidential Computing hardware encryption and iExec's specialized DataProtectorSharing smart contract. Monetization is seamlessly facilitated using RLC, iExec’s native cryptocurrency, to ensure secure and transparent transactions.

Putting DApp Users in Charge

The ‘Monetize Version’ of DataProtector empowers DApp users in various ways:

• Ownership: Users can encrypt their data with ownership registered on the blockchain, maintaining control.
• Sharing: Users can securely grant access to authorized apps, preserving data integrity.
• Monetization: Users have the flexibility to rent, sell, or bundle their digital assets via subscriptions, providing tailored monetization options.

This upgraded tool offers advanced monetization methods that aim to enhance the value of digital assets while assuring security and control. It allows secure sharing with authorized parties, renting out assets, secure selling options, and subscription bundles. These versatile features empower Web3 users to extract optimum value from their digital assets.

Facilitating Data Distribution and Monetization

The upgraded tool streamlines the process of sharing protected data and earning RLC by pre-setting distribution channels, enabling users to initiate smart contracts independently. This process leverages blockchain and Confidential Computing to ensure data remains secure during processing.

Impact on the Web3 Community

The ‘Monetize Version’ of iExec’s DataProtector tool enriches the Web3 community by encouraging enhanced interaction and collaboration, fostering a dynamic ecosystem where users can confidently manage, share, and monetize their digital assets. By promoting a culture of collaboration and innovation, this tool enhances the growth and vitality of the Web3 landscape.

About iExec

iExec caters to Web3 builders who advocate for user control over data ownership. By providing cutting-edge decentralized developer tools, iExec enables developers to create Web3 applications that prioritize data ownership, privacy, and monetization.

With transparent access to TEE infrastructure like Intel SGX and advanced Confidential Computing, iExec ensures data security during processing, even from node operators. Users retain full control over their data, specifying access rights and usage. NFTs facilitate data ownership, allowing users to monetize digital assets through sales, rentals, or subscriptions. Direct monetization within the protocol enables developers to earn RLC each time their application is utilized. Offering compatibility with major programming languages, iExec delivers the flexibility and robust security necessary to drive the future of Web3.

Developers and creators seeking detailed documentation and tutorials on the DataProtectorSharing module can explore the iExec Developer Portal. Stay updated on iExec’s latest developments and opportunities through their dedicated channels.

Contact

Communication Manager: Tina Fahimi, iExec

Email: [email protected]