Trading your Itheum Data NFT on OpenSea

Itheum
3 min readJul 28, 2021

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What is a Itheum Data NFT and what does it enable?

  1. Highly personal or sensitive datasets can essentially function as a NFT allowing for uniqueness and limited availability
  2. Limit the distribution of your highly sensitive or protected datasets to a smaller, controlled circulatory amount
  3. Allow for resale in secondary markets and earn royalties if your data is resold. i.e. if a buyer resells your data, you can earn a % as royalty
  4. Your unique data will be minted with an aesthetic “generative art wrapper” created using the unique signature of the data. E.g. your DNA data can be represented as piece of unique generative art (similar to Autoglyphs) which is sort after as it has rarity, creativity and actual utility

Read more about it in our white paper here

In this short walkthrough; we show you how you can sell your Itheum Data NFTs on a secondary marketplace like OpenSea.

Itheum Data NFTs, once minted appear on secondary marketplaces like OpenSea

Trading Your Data NFT

In the Itheum Data DEX you can view your minted Data NFTs like so. Click on the “OpenSea Listing” under the image to visit the Open Listing Page
In the OpenSea listing Page, click on the “Sell” option and the Sell Options are shown as above. Here we choose to sell via “Set Price at .005 ETH”
The process begins and you need to initialise your account first (only needed if this is first time you are doing this)
If this is the first time your are trading Itheum Data NFTs on OpenSea you will need to “unlock all these tokens” as above
You then do a final confirmation of the sale transaction…
This final step will begin the listing of your item for sale on OpenSea…
Success! Your NFT is now for sale on OpenSea

Buying a Data NFT

You can view all the other Data NFTs on OpenSea and buy/trade them. Remember that once Data NFTs are minted on the Itheum Data DEX, they automatically appear on OpenSea for secondary market sale opportunities.
When you click on Buy — you will need to authorise your account for the order
The purchase process then begins…
Your transaction is now awaiting confirmation…
Success! Your transaction is complete…
Your now OWN the Data NFT — you can view the full “Provenance and Lineage” of the Data NFT on the Open Sea Listing Page
In the Itheum Data DEX you can now see ownership credited to you and you will be able to re-sale it or view the raw data file and use it as you choose

We hope this highlights the power of the Itheum Data NFTs and the opportunities it opens up for the creative sale of “personal data wrapped as a NFT”

Check out our demo videos of the Itheum Data DEX here — https://itheum.com/data-dex-demo

About Itheum

Itheum empowers data ownership in the Web3 and Metaverse ecosystems and creates new market value for your data. It enables this by providing “decentralized data brokerage” technology. It’s a suite of tools that enable high-value data to be bridged from web2 to web3 and then be traded via peer-to-peer sales. It allows for “viral adoption” via our creative “Data NFTs” (provide “inner value” to NFTs and enable royalties / limited supply) and “N.F.Me” technology (a living Metaverse avatar representation of you — wrapped as an NFT and backed by personal data) and our innovative Data Coalition DAOs (which bulk sell your data). It also aims to be fully privacy-preserving, regulation-friendly and cross-chain; making it the most comprehensive core blockchain data infrastructure available in the market with use-cases in both the enterprise and consumer space.

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Itheum

Your data wealth. AI’s fuel. We bring them together.⚡️ Dive in : https://linktr.ee/itheum