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CEO of Bondex" loading="lazy" width="335" height="188.4375" decoding="async" data-nimg="1" class="ArticleCard_image__aj_Ez ArticleCard_isRegular__QmJbq ImageWrapper_cover__gLJoj" style="color:transparent;background-color:white;width:335px;height:188.4375px" srcSet="/_next/image?url=https%3A%2F%2Fmycryptoreferrals-uploads-production.s3-us-east-2.amazonaws.com%2Fcoinexplorers%2Fdb0fc756-85ab-4902-8347-8020c9b59f2f%2Fjpeg-optimizer_coinfyi_founder_bondex.png&amp;w=384&amp;q=75 1x, /_next/image?url=https%3A%2F%2Fmycryptoreferrals-uploads-production.s3-us-east-2.amazonaws.com%2Fcoinexplorers%2Fdb0fc756-85ab-4902-8347-8020c9b59f2f%2Fjpeg-optimizer_coinfyi_founder_bondex.png&amp;w=750&amp;q=75 2x" src="/_next/image?url=https%3A%2F%2Fmycryptoreferrals-uploads-production.s3-us-east-2.amazonaws.com%2Fcoinexplorers%2Fdb0fc756-85ab-4902-8347-8020c9b59f2f%2Fjpeg-optimizer_coinfyi_founder_bondex.png&amp;w=750&amp;q=75"/></div><div class="Flex_flex__9OC_r ArticleCard_content__fEAAm ArticleCard_isRegular__QmJbq Flex_direction-column__MOwia Flex_gap-sm__k7rKb"><div class="Flex_flex__9OC_r ArticleCard_contentBody__AhwEs Flex_direction-column__MOwia Flex_gap-2xxs__DM9_g Flex_justifyContent-flex-start__UxnYY"><div class="Text_color-neutral600__KFAiv Text_size-text-sm__boMWP Text_weight-bold__498nv Text_textBalance__6hsFn">Founder Story</div><h4 class="Text_color-neutral800__FCovm Text_size-headline-md__i5w5w Text_weight-bold__498nv Text_truncate__ACgo0" data-truncatelines="2">Ignacio - Co-Founder &amp; CEO of Bondex</h4><div class="Text_color-neutral700__FMvTo Text_size-text-lg__m4e1c Text_weight-regular__G_Dlm Text_truncate__ACgo0" data-truncatelines="1"><div aria-autocomplete="none" aria-readonly="true" class="richTextEditorTheme_contentEditable__5yDDv" contenteditable="false" id="13094ecd493397" role="textbox" spellcheck="true"><p dir="ltr" style="text-align:" class="richTextEditorTheme_paragraph__uuhw3"><span style="white-space:pre-wrap">In today’s interview, Ignacio, Co-Founder and CEO of of Bondex, an international professional network and talent management platform enhanced by artificial intelligence and utilizing blockchain technology</span></p></div></div></div><div class="Flex_flex__9OC_r ArticleCard_contentFooter__xlUMD Flex_direction-row__Ldb9Q Flex_gap-xl__b6zU_ Flex_justifyContent-space-between__lEQ2R"><div class="Flex_flex__9OC_r ArticleCard_linkOverride__Cpg_J Flex_direction-row__Ldb9Q Flex_gap-xs__XqJAZ"><div class="Flex_flex__9OC_r Flex_direction-row__Ldb9Q Flex_gap-2xxs__DM9_g"><button type="button" class="Like_likeButton__ep9RI CommentAndLikeCTAs_likeButton__AnZFd" data-tooltip-id="confirm-your-account-e4aa4b7e-39ea-494b-8362-17599f358dbf"><span data-tooltip-id="avatar-or-product-e4aa4b7e-39ea-494b-8362-17599f358dbf" data-tooltip-content="" class="Like_iconContainer__iaY8D"><span class="Like_isStrokeIcon__ELyU5"><svg width="24" height="24" viewBox="0 0 24 24" fill="none" xmlns="http://www.w3.org/2000/svg" class="SvgIconWrapper_md-size__zC6R7"><path d="M14 10H18.7639C20.2507 10 21.2177 11.5646 20.5528 12.8944L17.0528 19.8944C16.714 20.572 16.0215 21 15.2639 21H11.2462C11.0827 21 10.9198 20.9799 10.7611 20.9403L7 20M14 10V5C14 3.89543 13.1046 3 12 3H11.9045C11.405 3 11 3.40497 11 3.90453C11 4.61883 10.7886 5.31715 10.3923 5.91149L7 11V20M14 10H12M7 20H5C3.89543 20 3 19.1046 3 18V12C3 10.8954 3.89543 10 5 10H7.5" stroke="currentColor" stroke-linecap="round" stroke-linejoin="round"></path></svg></span></span></button></div></div><div class="Flex_flex__9OC_r Flex_direction-row__Ldb9Q Flex_gap-xl__b6zU_"><div class="ArticleCard_linkOverride__Cpg_J InlineTags_container__qq5ra"><div class="InlineTags_tagsList__schoQ"><a class="Tag_button__C_yF1 Tag_size-sm__Qz6_l Tag_variant-filled__XPr7u Tag_color-orange__SsrO7" href="/founder-stories/web3"><span class="Text_color-inherit__iK85f Text_size-label-md__scs7_ Text_weight-semibold__R9m8f Text_textBalance__6hsFn">Web3</span></a></div></div><p class="Text_color-neutral600__KFAiv Text_size-label-md__scs7_ Text_weight-semibold__R9m8f Text_textBalance__6hsFn">Jul 24, 2024</p></div></div></div></div></div></article><article class="Box_box__6f5DB Box_isWithoutSpacing__jTrz8 ArticleCard_container__ke15N"><div class="Box_content__vE_z_"><a class="ArticleCard_linkContainer__FWX4Z" href="/founder-stories/mark-paul-praveen-paul-itheum"></a><div class="Flex_flex__9OC_r Flex_direction-row__Ldb9Q Flex_align-stretch__URIp1"><div class="ArticleCard_media__M2dW2"><img alt="Mark Paul &amp; Praveen Paul - Co-founders of Itheum" loading="lazy" width="335" height="188.4375" decoding="async" data-nimg="1" class="ArticleCard_image__aj_Ez ArticleCard_isRegular__QmJbq ImageWrapper_cover__gLJoj" style="color:transparent;background-color:white;width:335px;height:188.4375px" srcSet="/_next/image?url=https%3A%2F%2Fmycryptoreferrals-uploads-production.s3-us-east-2.amazonaws.com%2Fcoinexplorers%2Fc58a559e-764e-4051-994a-d5b8ef6c23a1%2Fjpeg-optimizer_coinfyi_founder__itheum.png&amp;w=384&amp;q=75 1x, /_next/image?url=https%3A%2F%2Fmycryptoreferrals-uploads-production.s3-us-east-2.amazonaws.com%2Fcoinexplorers%2Fc58a559e-764e-4051-994a-d5b8ef6c23a1%2Fjpeg-optimizer_coinfyi_founder__itheum.png&amp;w=750&amp;q=75 2x" src="/_next/image?url=https%3A%2F%2Fmycryptoreferrals-uploads-production.s3-us-east-2.amazonaws.com%2Fcoinexplorers%2Fc58a559e-764e-4051-994a-d5b8ef6c23a1%2Fjpeg-optimizer_coinfyi_founder__itheum.png&amp;w=750&amp;q=75"/></div><div class="Flex_flex__9OC_r ArticleCard_content__fEAAm ArticleCard_isRegular__QmJbq Flex_direction-column__MOwia Flex_gap-sm__k7rKb"><div class="Flex_flex__9OC_r ArticleCard_contentBody__AhwEs Flex_direction-column__MOwia Flex_gap-2xxs__DM9_g Flex_justifyContent-flex-start__UxnYY"><div class="Text_color-neutral600__KFAiv Text_size-text-sm__boMWP Text_weight-bold__498nv Text_textBalance__6hsFn">Founder Story</div><h4 class="Text_color-neutral800__FCovm Text_size-headline-md__i5w5w Text_weight-bold__498nv Text_truncate__ACgo0" data-truncatelines="2">Mark Paul &amp; Praveen Paul - Co-founders of Itheum</h4><div class="Text_color-neutral700__FMvTo Text_size-text-lg__m4e1c Text_weight-regular__G_Dlm Text_truncate__ACgo0" data-truncatelines="1"><div aria-autocomplete="none" aria-readonly="true" class="richTextEditorTheme_contentEditable__5yDDv" contenteditable="false" id="d7c28338b54fe" role="textbox" spellcheck="true"><p dir="ltr" style="text-align:" class="richTextEditorTheme_paragraph__uuhw3"><span style="white-space:pre-wrap">In today’s interview, we have Mark Paul &amp; Praveen Paul - Co-founders of Itheum, the world's first decentralized multi-chain data brokerage platform.</span></p></div></div></div><div class="Flex_flex__9OC_r ArticleCard_contentFooter__xlUMD Flex_direction-row__Ldb9Q Flex_gap-xl__b6zU_ Flex_justifyContent-space-between__lEQ2R"><div class="Flex_flex__9OC_r ArticleCard_linkOverride__Cpg_J Flex_direction-row__Ldb9Q Flex_gap-xs__XqJAZ"><div class="Flex_flex__9OC_r Flex_direction-row__Ldb9Q Flex_gap-2xxs__DM9_g"><button type="button" class="Like_likeButton__ep9RI CommentAndLikeCTAs_likeButton__AnZFd" data-tooltip-id="confirm-your-account-9b96466e-8117-4b76-8c9b-6717c0f069ba"><span data-tooltip-id="avatar-or-product-9b96466e-8117-4b76-8c9b-6717c0f069ba" data-tooltip-content="" class="Like_iconContainer__iaY8D"><span class="Like_isStrokeIcon__ELyU5"><svg width="24" height="24" viewBox="0 0 24 24" fill="none" xmlns="http://www.w3.org/2000/svg" class="SvgIconWrapper_md-size__zC6R7"><path d="M14 10H18.7639C20.2507 10 21.2177 11.5646 20.5528 12.8944L17.0528 19.8944C16.714 20.572 16.0215 21 15.2639 21H11.2462C11.0827 21 10.9198 20.9799 10.7611 20.9403L7 20M14 10V5C14 3.89543 13.1046 3 12 3H11.9045C11.405 3 11 3.40497 11 3.90453C11 4.61883 10.7886 5.31715 10.3923 5.91149L7 11V20M14 10H12M7 20H5C3.89543 20 3 19.1046 3 18V12C3 10.8954 3.89543 10 5 10H7.5" stroke="currentColor" stroke-linecap="round" stroke-linejoin="round"></path></svg></span></span></button><p class="Text_color-neutral900__somUh Text_size-label-sm__aWaTc Text_weight-semibold__R9m8f Text_textBalance__6hsFn">1</p></div></div><div class="Flex_flex__9OC_r Flex_direction-row__Ldb9Q Flex_gap-xl__b6zU_"><div class="ArticleCard_linkOverride__Cpg_J InlineTags_container__qq5ra"><div class="InlineTags_tagsList__schoQ"><a class="Tag_button__C_yF1 Tag_size-sm__Qz6_l Tag_variant-filled__XPr7u Tag_color-orange__SsrO7" href="/founder-stories/web3"><span class="Text_color-inherit__iK85f Text_size-label-md__scs7_ Text_weight-semibold__R9m8f Text_textBalance__6hsFn">Web3</span></a></div></div><p class="Text_color-neutral600__KFAiv Text_size-label-md__scs7_ Text_weight-semibold__R9m8f Text_textBalance__6hsFn">Jul 25, 2023</p></div></div></div></div></div></article></div></div></main><!--/$--></div><footer role="navigation" aria-label="footer navigation" class="Footer_footer__fPuQk"><div class="MaxWidthContainer_container__f8f0x"><div class="Footer_wrapper__iU9LJ"><div class="Flex_flex__9OC_r Footer_logoAndSubtitle__kne1m Flex_direction-column__MOwia Flex_gap-sm__k7rKb Flex_align-flex-start___1EzN Flex_justifyContent-flex-start__UxnYY"><a href="/"><img alt=" Coin Explorers" loading="eager" width="143" height="64" decoding="async" data-nimg="1" class="Footer_logo__ivSkm" style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fmycryptoreferrals-uploads-stage.s3-us-east-2.amazonaws.com%2Fcoinexplorers%2F6a6c062b-d4ee-4638-a06c-9153881fc02e%2FFrame%252076%2520%25281%2529.png&amp;w=256&amp;q=75 1x, /_next/image?url=https%3A%2F%2Fmycryptoreferrals-uploads-stage.s3-us-east-2.amazonaws.com%2Fcoinexplorers%2F6a6c062b-d4ee-4638-a06c-9153881fc02e%2FFrame%252076%2520%25281%2529.png&amp;w=384&amp;q=75 2x" src="/_next/image?url=https%3A%2F%2Fmycryptoreferrals-uploads-stage.s3-us-east-2.amazonaws.com%2Fcoinexplorers%2F6a6c062b-d4ee-4638-a06c-9153881fc02e%2FFrame%252076%2520%25281%2529.png&amp;w=384&amp;q=75"/></a><p class="Text_color-neutral800__FCovm Text_size-label-sm__aWaTc Text_weight-regular__G_Dlm Text_textBalance__6hsFn"></p></div><div class="Footer_links__0ds_r Text_color-neutral800__FCovm Text_size-text-lg__m4e1c Text_weight-semibold__R9m8f Text_textBalance__6hsFn"><a href="/portfolio">Portfolio</a><a href="/markets">Markets</a><a href="/project-reviews">Project Reviews</a><a href="/founder-stories">Founder Stories</a><a href="/features">Features</a><a href="/guides">Guides</a><a href="/news">News</a><a href="/videos">Videos</a><button type="button" class="Button_button__f4Ytp Button_size-lg__ib6z_ Button_variant-ghost__ewmEZ"><span class="Text_color-inherit__iK85f Text_size-label-lg__HA2DB Text_weight-medium__OqCal Text_textBalance__6hsFn">Contact Us</span></button><a href="/s/terms-conditions">Terms &amp; 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Additionally, we have around 2 million fully completed profiles, including work history, preferences, education, and resumes.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"On the company side, we are currently in a closed beta phase. We have over 80 companies registered and are actively working with 20 to 25 companies with active jobs and bounties. This closed beta allows us to rigorously test and iterate on our platform to ensure it is robust and scalable for enterprise use. In our four months of operation, we have collaborated with notable companies like Binance, Chainlink, CoinMarketCap, and ANKR.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"So far, we have achieved over 10 successful placements. However, our key metric is interview requests, which reflect the engagement and quality of the candidates we provide. We have facilitated over 300 interview requests to date. We started with around $20,000 worth of bounties and have now surpassed $200,000 with over 90 jobs on the platform. This trajectory demonstrates significant growth and traction across all sides of our marketplace.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[],"direction":"ltr"},{"tag":"h2","type":"heading","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"Congrats on raising $4M in funds from Animoca Brands, Morningstar Ventures, Angel Capital, Chainink, and others. How have you used the funds to enhance your gamified Mobile App and Job Portal?","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"First, let me clarify. We raised $4 million from VCs and our personal network during the pre-seed and seed rounds. While we are part of Chainlink’s Build accelerator, they have not directly invested in the company. Additionally, we raised $6.5 million through the Coinlist Launchpad, bringing our total funds raised to nearly $10 million, including a KOL round led by Morningstar Ventures. So far, we’ve utilized less than a third of these funds to improve the product, launch it to market, and begin scaling. Our plans for the remaining funds include:","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"- Scaling Operations and Technology:","type":"text","style":"","detail":0,"format":1,"version":1},{"mode":"normal","text":" We will continue to scale our operations and technology to ensure our products and services evolve into a robust enterprise job marketplace.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"- AI Tools and Social Networking Features:","type":"text","style":"","detail":0,"format":1,"version":1},{"mode":"normal","text":" We are developing and launching advanced AI tools and new social networking features for our mobile app, enhancing user experience and engagement.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"- TGE Financing:","type":"text","style":"","detail":0,"format":1,"version":1},{"mode":"normal","text":" A significant portion will finance our Token Generation Event (TGE), covering marketing budgets, listing fees, and other associated costs.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"- Team Expansion:","type":"text","style":"","detail":0,"format":1,"version":1},{"mode":"normal","text":" We are expanding our team in operations and technology to deliver on Bondex’s full vision and mission.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"These investments will ensure we continue to innovate and provide a superior gamified mobile app and job portal, driving value for our users and stakeholders.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[],"direction":"ltr"},{"tag":"h2","type":"heading","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"You also conducted a successful public sale on CoinList in March this year, which generated over $6.5M. What are some key learnings and insights you have seen from the sale?","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"We conducted a successful public sale on CoinList in March, generating over $6.5 million. One achievement I'm particularly proud of is breaking the participation record on the platform since 2022, with over 20,000 participants in our sale. Initially, we aimed to raise $4 million, but due to overwhelming demand and the round being oversubscribed, we executed a greenshoe option for an additional $2.5 million. Here are some key learnings and insights from the sale:","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"- Launchpad Effectiveness:","type":"text","style":"","detail":0,"format":1,"version":1},{"mode":"normal","text":" A launchpad is an excellent way to position yourself for future exchange listings. It signals to exchanges the strong demand and potential trading volume for your token.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"- Bootstrapping and Traction:","type":"text","style":"","detail":0,"format":1,"version":1},{"mode":"normal","text":" Before considering a launchpad, it's crucial to bootstrap your project, release your product to the market, and gain actual traction. This foundation increases your chances of being accepted on reputable launchpads.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"- Market Reception:","type":"text","style":"","detail":0,"format":1,"version":1},{"mode":"normal","text":" Conducting a launchpad sale provides valuable insights into the reception from a Web3 audience of retail investors. This feedback is crucial for understanding market demand and can significantly aid discussions with exchanges and VCs.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"- Strategic Conversations:","type":"text","style":"","detail":0,"format":1,"version":1},{"mode":"normal","text":" Successful launchpad performance helps in strategic conversations, whether with exchanges about listings or VCs for further investments. The demonstrated demand and support can make these discussions more favorable.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"These insights highlight the importance of strategic planning and community engagement in the successful execution of a public sale.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[],"direction":"ltr"},{"tag":"h2","type":"heading","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"You’ve confirmed your TGE for next September. What campaigns and initiatives will you run to ensure awareness and its success?","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"Yes, we originally planned for the TGE in the summer, but due to market conditions, the launch of our new tap game, and advice from exchanges, we decided to postpone it until September. Our campaigns and initiatives will focus on sustainable token distribution to the community and users, aiming to increase retention and product-market fit. Unlike previous airdrops that often led to sell pressure and low retention, we are designing consistent airdrops and various reward mechanisms to attract diverse audiences and build a robust ecosystem. Here's what we have planned:","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"- Sustainable Reward Mechanisms:","type":"text","style":"","detail":0,"format":1,"version":1},{"mode":"normal","text":" We believe in distributing tokens through sustainable methods to create a balance between platform success and token value. This involves consistent airdrops and targeted reward distributions to different audiences, ensuring engagement and adoption.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"- OKEx Cryptopedia Campaign:","type":"text","style":"","detail":0,"format":1,"version":1},{"mode":"normal","text":" We ran a highly successful campaign on OKEx Cryptopedia, which saw over 600,000 participants, making it one of their top campaigns.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"- Ton Ecosystem Grant:","type":"text","style":"","detail":0,"format":1,"version":1},{"mode":"normal","text":" We received a grant from the Ton ecosystem and recently launched a tapping game on Bunny Blitz with a $1 million BDXN reward. This reward will grow with the value of BDXN post-launch and will be distributed on National Bunny Day in September.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"- Collaborations with Large Ecosystems:","type":"text","style":"","detail":0,"format":1,"version":1},{"mode":"normal","text":" We will continue to collaborate with ecosystems that have large audiences and communities aligned with our mission. These partnerships will involve sustainable reward distributions to maximize visibility and engagement.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"Our goal is to attract attention and participants who resonate with our vision and mission, ensuring a successful TGE and a thriving community.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[],"direction":"ltr"},{"tag":"h2","type":"heading","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"You have secured partnerships with major exchanges like Binance, Bybit, and Gate.IO, as well as popular crypto projects such as Blockchain.com, Ankr, and Chainlink. What are your goals for these collaborations?","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"Our partnerships with exchanges have been primarily marketing-driven. Exchanges are where the majority of crypto users are active, as they solve the main use cases of making, sending, and storing money. These platforms hold the largest number of daily and monthly active users. By partnering with them, we’ve been able to onboard a significant number of users into the Bondex ecosystem.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"Moving forward, our plan is to list our tokens on these exchanges. While we haven't confirmed specific exchanges yet, we will announce them as we finalize these agreements. Listing our tokens will provide the necessary liquidity, volume, and retail demand, enabling price discovery and allowing the public to determine Bondex's value. Our goal is to continually enhance and increase that value as we deliver on our milestones and execute our vision.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"For other partnerships, such as those with Blockchain.com, Ankr, and Chainlink, these companies are clients of the Bondex jobs portal. Our portal, which I like to call the \"Uber of recruitment,\" uses crowdsourcing and AI filtering to create a disruptive model for talent acquisition. This model reduces costs and time to hire for companies while democratizing hiring fees, allowing everyone to monetize their network and enabling recruiters to become independent.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"These collaborations, while often involving co-marketing efforts, primarily serve as client relationships. We consider them partners because we are not yet open to everyone. We are working with a select group of clients to perfect our enterprise tool. Enterprise SaaS solutions must be robust enough to handle large-scale opportunities and go through the legal and security due diligence required by large enterprises. These partnerships allow us to battle-test, iterate, and improve our model before opening it up for commercial release.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[],"direction":"ltr"},{"tag":"h2","type":"heading","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"AI has become a game-changer. Could you elaborate on how you strategically integrated this technology into Bondex and what specific benefits or features it brings to your users?","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"We’ve strategically integrated AI into Bondex to streamline various aspects of the talent marketplace, enhancing efficiency and user experience. AI is particularly well-suited for handling high-volume, low-value tasks such as resume filtering. Our initial use case leverages natural language processing models and large language models (LLMs) built on top of OpenAI to automate the rejection and matching of candidates to job opportunities. This technology ranks candidates from one to five stars, effectively creating a shortlist of the best candidates for each job. This saves internal recruiters significant time, allowing them to focus more on assessing soft skills, cultural fit, and other crucial aspects.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"Looking ahead, we have several exciting AI-driven tools in the pipeline. Candidates will soon be able to upload their resumes and receive ranked lists of job opportunities where they have the highest chances of securing an interview. Additionally, we are developing a virtual career coach and a full AI recruiter to further assist users in their job search and career development. These innovations will bring remarkable efficiency to the talent exchange process, empowering users to make more informed decisions and helping recruiters find the best talent more quickly.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"We’re extremely excited about these upcoming features and believe they will significantly enhance our platform's short-term and long-term value.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[],"direction":"ltr"},{"tag":"h2","type":"heading","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"What impact has Bondex had on recruitment? And how do you think it will continue to transform the industry?","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"Bondex has introduced a disruptive model to recruitment, which we call decentralized hiring. Our decentralized hiring protocol enables companies to hire faster and cheaper by enabling the Bondex community and professional recruiters to monetize their networks and claim bounties of up to $15,000 USD for successful job referrals.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"Here's how it works: Companies post a bounty or reward that incentivizes recruiters and users worldwide to refer candidates. These referrers use their reputation, putting their credibility on the line to recommend candidates. Our AI system then filters these candidates, automating rejection and shortlisting. This shortlist undergoes a quality assurance and security check by a talent operations team of experienced recruiters. This process ensures that companies receive highly engaged and qualified candidates, significantly improving the chances of successful hires and saving time and money.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"Bondex empowers everyone to monetize their network, not just professional recruiters. This includes individuals with strong networks in relevant fields. We will continue implementing innovative solutions aimed at disintermediation and democratization, further disrupting the $400 billion recruitment industry. Our focus is on removing middlemen who exploit inefficiencies and misaligned incentives in the talent exchange process.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[],"direction":"ltr"},{"tag":"h2","type":"heading","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"Anything else you would like to share with our readers?","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"Absolutely. The Bondex mission and vision are essential for disrupting the current models of social networks, Web2 social networks, and professional talent platforms. These existing models are unfair to users, neglecting their experience and incentives. They create the illusion of value in free products, but in reality, if a product is free, the user and their data are the products.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"At Bondex, we aim to create more powerful social networking systems and ecosystems by redistributing the value of advertising, data monetization, and ad networks back to users. Our tokenized and gamified system underpins all our services, starting with a job marketplace and a mobile professional network. As we evolve, we will continue to incentivize meaningful interactions and reduce the spam and noise prevalent on traditional platforms. Through gamification, we track and reward positive user behaviors, whether they are recruiters, advertisers, talent users, or social networkers. Users will earn rewards for their contributions and enjoy the benefits of the ecosystem’s success.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[],"direction":"ltr"},{"type":"quote","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"In essence, we need to disrupt the current business models of social and professional networks, and Bondex will be a catalyst for the mass adoption of Web3 principles and technology to achieve this transformation.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"tag":"h2","type":"heading","format":"start","indent":0,"version":1,"children":[{"mode":"normal","text":"--","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":null},{"type":"paragraph","format":"start","indent":0,"version":1,"children":[{"mode":"normal","text":"Thanks a lot for your time Ignacio. Good luck with your projects!","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"start","indent":0,"version":1,"children":[{"mode":"normal","text":"You can check the social media profiles of the project: ","type":"text","style":"","detail":0,"format":0,"version":1},{"rel":"noopener noreferrer","url":"https://bondex.app/","type":"link","title":null,"format":"","indent":0,"target":"_blank","version":1,"children":[{"mode":"normal","text":"Website","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"mode":"normal","text":" | ","type":"text","style":"","detail":0,"format":0,"version":1},{"rel":"noopener noreferrer","url":"https://x.com/bondexapp","type":"link","title":null,"format":"","indent":0,"target":"_blank","version":1,"children":[{"mode":"normal","text":"Twitter","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"mode":"normal","text":" | ","type":"text","style":"","detail":0,"format":0,"version":1},{"rel":"noopener noreferrer","url":"https://t.me/bondex0fficial","type":"link","title":null,"format":"","indent":0,"target":"_blank","version":1,"children":[{"mode":"normal","text":"Telegram","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"mode":"normal","text":" | ","type":"text","style":"","detail":0,"format":0,"version":1},{"rel":"noopener noreferrer","url":"https://discord.com/invite/bondexofficial","type":"link","title":null,"format":"","indent":0,"target":"_blank","version":1,"children":[{"mode":"normal","text":"Discord","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"mode":"normal","text":" | ","type":"text","style":"","detail":0,"format":0,"version":1},{"rel":"noopener noreferrer","url":"https://www.instagram.com/bondexapp/?hl=en","type":"link","title":null,"format":"","indent":0,"target":"_blank","version":1,"children":[{"mode":"normal","text":"Instagram","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"mode":"normal","text":" | ","type":"text","style":"","detail":0,"format":0,"version":1},{"rel":"noopener noreferrer","url":"https://www.linkedin.com/company/bondexapp/","type":"link","title":null,"format":"","indent":0,"target":"_blank","version":1,"children":[{"mode":"normal","text":"LinkedIn","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"mode":"normal","text":" | ","type":"text","style":"","detail":0,"format":0,"version":1},{"rel":"noopener noreferrer","url":"https://medium.com/@Bondex.app","type":"link","title":null,"format":"","indent":0,"target":"_blank","version":1,"children":[{"mode":"normal","text":"Medium","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"}],"direction":"ltr"},{"type":"paragraph","format":"start","indent":0,"version":1,"children":[{"mode":"normal","text":"The CoinExplorers Team","type":"text","style":"","detail":0,"format":2,"version":1}],"direction":"ltr"}],"direction":"ltr"}}},"contentPreview":{"editorState":{"root":{"type":"root","format":"","indent":0,"version":1,"children":[{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"In today’s interview, Ignacio, Co-Founder and CEO of of Bondex, an international professional network and talent management platform enhanced by artificial intelligence and utilizing blockchain technology","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"}],"direction":"ltr"}}},"subtitle":"In today’s interview, Ignacio, Co-Founder and CEO of of Bondex, an international professional network and talent management platform enhanced by artificial intelligence and utilizing blockchain technology","author":{"id":"6bf5b80f-1f3e-4c34-98e1-6c276697db54","createdAt":"2022-05-04T16:13:17.867Z","updatedAt":"2025-02-26T08:46:04.344Z","name":"M M","username":"user_89308263","avatarUrl":"https://coinfyi-uploads-production.s3.eu-central-1.amazonaws.com/users/89308263/pOTmn7sL_normal.jpg","profileData":{},"abilities":[],"pointsLevel":1},"sidebarFeatured":false,"pinnedToIndex":false,"pinnedToHomepage":false,"articleType":"founder-stories","publishedAt":"2024-07-24T15:04:00.000Z","previewUrl":"https://mycryptoreferrals-uploads-production.s3-us-east-2.amazonaws.com/coinexplorers/db0fc756-85ab-4902-8347-8020c9b59f2f/jpeg-optimizer_coinfyi_founder_bondex.png","visibility":"live","shareImageUrl":"https://mycryptoreferrals-uploads-production.s3-us-east-2.amazonaws.com/coinexplorers/0d104315-1c07-4e42-966f-5d1183b1f943/coinfyi_founder_bondex.png","hidePreviewImgFromContent":false,"wasUpvoted":false,"rating":0,"commentsCount":0,"products":[]},{"id":"9b96466e-8117-4b76-8c9b-6717c0f069ba","createdAt":"2023-08-09T10:14:38.346Z","updatedAt":"2025-02-26T09:30:08.197Z","conversationId":"279209c3-6e76-43b3-a697-543ec08d338b","title":"Mark Paul \u0026 Praveen Paul - Co-founders of Itheum","slug":"mark-paul-praveen-paul-itheum","seoTitle":"Mark Paul \u0026 Praveen Paul (Itheum) - Founder Story","topics":["Web3"],"content":{"editorState":{"root":{"type":"root","format":"","indent":0,"version":1,"children":[{"type":"paragraph","format":"start","indent":0,"version":1,"children":[{"mode":"normal","text":"We have the great opportunity to dive deep into the story of exciting founders, exploring their backgrounds, their vision and their route to success. We also have the chance to explore their most successful projects, what they are trying to achieve and why.","type":"text","style":"","detail":0,"format":2,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"start","indent":0,"version":1,"children":[{"mode":"normal","text":"Today we are glad to introduce ","type":"text","style":"","detail":0,"format":2,"version":1},{"mode":"normal","text":"Mark Paul \u0026 Praveen Paul - Co-founders of ","type":"text","style":"","detail":0,"format":3,"version":1},{"rel":"noopener noreferrer","url":"https://community.morningstar.ventures/investment/itheum/","type":"link","title":null,"format":"","indent":0,"target":"_blank","version":1,"children":[{"mode":"normal","text":"Itheum","type":"text","style":"","detail":0,"format":2,"version":1}],"direction":"ltr"},{"mode":"normal","text":". Let’s go!","type":"text","style":"","detail":0,"format":2,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"center","indent":0,"version":1,"children":[{"src":"https://coinfyi-uploads-production.s3.eu-central-1.amazonaws.com/posts/1179578/1691595364154","type":"image","altText":"","caption":{"editorState":{"root":{"type":"root","format":"","indent":0,"version":1,"children":[],"direction":null}}},"version":2,"showCaption":false}],"direction":"ltr"},{"type":"paragraph","format":"center","indent":0,"version":1,"children":[{"rel":"noopener noreferrer","url":"https://www.itheum.io/","type":"link","title":null,"format":"","indent":0,"target":"_blank","version":1,"children":[{"mode":"normal","text":"Image Source: Itheum","type":"text","style":"","detail":0,"format":2,"version":1}],"direction":"ltr"}],"direction":"ltr"},{"tag":"h2","type":"heading","format":"start","indent":0,"version":1,"children":[{"mode":"normal","text":"Hi Mark, hi Praveen - Please tell our readers a bit more about yourself.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"Mark: \"I have over 20 years of tech expertise across a number of traditional software companies based out of Australia. I have had the opportunity to work with one of the earliest social platforms MSN which was well ahead of its time, followed by a number of years leading tech teams in the streaming media industry. In recent years prior to moving to the web3 industry full-time, I spent a significant number of years in the health industry including working on the COVID-19 digital response program for the Australian Government. I have been involved with web3 and blockchain now for over 6 years and founded Itheum in 2016.\"","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"Praveen: \"My operational experience spans over 20 years where I have worked primarily on both software startups and scaleups across a number of regions. Being an Electrical Engineer by qualification, the first company I founded when I was in my mid-twenties focused on providing engineering software for the fledgling resources sector in Western Australia. I later moved on to the hospitality industry where I worked on a SaaS software scale-up based out of India, servicing the world and helping it scale its solution globally across 30+ countries. In 2020 I joined Mark to work on Itheum given our shared passion for data ownership and the next generation of technology.\"","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"tag":"h2","type":"heading","format":"start","indent":0,"version":1,"children":[{"mode":"normal","text":"In 2016 you launched Itheum, the world’s first decentralized multi-chain data brokerage platform built on MultiversX. How did you come up with Itheum? And are you still following Itheum’s original vision for the project?","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"Itheum was created as a modular technology platform consisting of building blocks required to deploy various tech solutions for both end users and enterprises. The early adoption of the platform included solutions built targeting the health industry such as the “Red Heart Challenge” (https://itheum.com/redheartchallenge) - A cardiovascular monitoring platform and “OK Pulse” (","type":"text","style":"","detail":0,"format":0,"version":1},{"rel":"noopener noreferrer","url":"https://itheum.com/okpulse","type":"link","title":null,"format":"","indent":0,"target":"_blank","version":1,"children":[{"mode":"normal","text":"https://itheum.com/okpulse","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"mode":"normal","text":") - A employee wellness and mental health check-in platform. The name “Itheum” translates to “Heart” in our native language of Tamil (the oldest living language in the world) which was a fitting name considering Itheum’s origins were in the health space.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"As the years progressed Itheum’s vision evolved to that of empowerment in “data ownership”. With a goal of creating an open-source suite of tools focused on bringing the ownership of data back to the individual and away from the grasp of data brokers that stole, hoarded, and traded data without any benefit to the creator. This vision was only achievable through the adoption of the core pillars of the next generation of technology - web3 - ownership, decentralization, and transparency. Itheum had a lot of its early technology concepts deployed across EVM chains and gained a reputation in the web3 space through participation in a number of hackathons where Itheum won 1st place in hackathons such as the Filecoin, Hedera and PlatOn competitions and also had winning positions in the Moralis, Polygon and MultiversX hackathons. In 2021 Itheum was provided with the opportunity to be incubated and funded by a leading investment firm in the space - Morningstar Ventures which lead to its IDO on the MultiversX (formerly Elrond) Blockchain in early 2022.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"Itheum’s mission continues to remain unchanged in its focus to provide infrastructure and technology to projects and platforms that empower data creators through ownership of their data and the ability to be transparently and fairly rewarded for the data that they create.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"tag":"h2","type":"heading","format":"start","indent":0,"version":1,"children":[{"mode":"normal","text":"Last March, you announced Panacare DAO, which aims to transform the healthcare system. Can you tell us more about this?","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"As Itheum always had a passion for the healthcare space it was one of our goals to explore the deployment of a Decentralized Autonomous Organization that could lay the foundation and be a good use case for the sector. We were fortunate to be introduced to a number of European health organizations that were keen to bring ownership, consent, and interoperability between their users. Thus commenced the journey of Panacare DAO with Itheum playing a key role as the technology enabler for DAO participants to explore how DAOs, Blockchain and Web3 could revolutionize the industry.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"The road so far has been encouraging and there is a lot that the DAO needs to explore and the commitment of the board members has been exemplary with multiple proposals passed via the DAO and an interesting pipeline of ideas to come. These include adopting a regulatory framework for data sharing between companies within the DAO and third parties in addition to standarizing formats and defining guidelines for data exchange.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"tag":"h2","type":"heading","format":"start","indent":0,"version":1,"children":[{"mode":"normal","text":"Why is health data important? Why should we care and how is blockchain helping in the matter?","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"One of the most sensitive and private aspects of us as individuals is the data pertaining to our health. In most regions around the world, this type of data is considered to be the most sensitive and thus has significant protection measures for processing, storing, and exchange. Due to these stringent requirements, our health data is usually “siloed off” by healthcare providers which can be detrimental in some cases since data needs to be exchanged so that we may benefit from a better diagnosis when problems with our health arise. One of the largest problems in the health space is the inability of individuals or patients to own their own health data and share this data with whom they wish to share it via a consent-driven and transparent mechanism. When consent is provided, it is important that an individual has complete transparency on what their data is being used for and also be rewarded for its value to the consumer. By sharing this data through consent, there is a significant benefit to consumers of this data which includes healthcare providers, pharmaceutical companies, insurance providers, etc. to tailor better and more personalized solutions for consumers. In addition, since the data quality and lineage are not in doubt due to the transparent way in which the data is exchanged, there is a significant improvement in the return on investment for data consumers.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"The above situation currently could not be achieved with the current walled gardens between systems and the roadblocks in place for seamless data exchange. With the advent of web3, blockchain, and decentralized autonomous organization (DAO) technology and its pillars mentioned earlier of ownership and transparency it may be finally possible to pursue usable solutions for the processing of health data.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"tag":"h2","type":"heading","format":"start","indent":0,"version":1,"children":[{"mode":"normal","text":"Itheum has been chosen to join the coveted Sony X Astar Network Web3 Incubation Program. What does this opportunity represent for Itheum?","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"Itheum is currently in the process of deploying its Data NFT and Marketplace technology to the MultivbersX blockchain. The next steps of Itheum include investigating and deploying technology into other blockchains as part of its multi-chain strategy. This would result in a comprehensive omni-chain experience for users of the Itheum protocol opening doors to adoption across multiple blockchains.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"The opportunity to be a part of the Sony x Astar Network program provided us with three major benefits. One was to be able to harness a new region of expansion for the Itheum community given the Astar Networks' strong presence in Japan and South East Asia. Second, to be able to build and deploy a cross-chain minimum viable product (MVP) to an alternate blockchain thereby evaluating Itheum’s tech as being cross-chain compatible. And last but not least, have the valuable opportunity of interacting with the Sony Corporation to build relationships, and explore opportunities in the realm of web3 and blockchain.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"We also as part of this program built an MVP showcasing the ability for Sony PlayStation Gamers to import their gameplay data and mint this as an Itheum Data NFT thereby providing opportunities for gamers to trade their valuable gaming data. Details of the partnership can be explored at this ","type":"text","style":"","detail":0,"format":0,"version":1},{"rel":"noopener noreferrer","url":"https://medium.com/itheum-newsletter/empowering-data-ownership-itheum-joins-sony-x-astar-network-web3-incubation-program-to-4768bb4fcba1","type":"link","title":null,"format":"","indent":0,"target":"_blank","version":1,"children":[{"mode":"normal","text":"link","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"mode":"normal","text":".","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"tag":"h2","type":"heading","format":"start","indent":0,"version":1,"children":[{"mode":"normal","text":"Just one month later, in April, you also confirmed a strategic partnership with the Web3 infrastructure project Bware Labs to integrate its API service, BlastAPI, into your protocol. What is the main benefit of this collaboration?","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"For a protocol such as Itheum to develop, adopt and roll-out cutting edge solutions technology partnerships are a key ingredient. We firmly believe in utilizing and partnering with technology providers who provide best-in-class solutions in their chosen areas of specialty.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"rel":"noopener noreferrer","url":"https://medium.com/itheum-newsletter/itheum-announces-strategic-technology-partnership-with-bware-labs-to-advance-data-ownership-and-eb672c9df384","type":"link","title":null,"format":"","indent":0,"target":"_blank","version":1,"children":[{"mode":"normal","text":"Bware Labs","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"mode":"normal","text":" has a notable reputation in the space and is a key provider of multi-chain scaling solutions. Itheum’s partnership with Bware Labs is key to Itheum’s goal of being a multi-chain protocol. Itheum will utilize Blast API’s multi-chain solution as a gateway to allow seamless look-up and aggregation of on-chain user data across all of Itheum protocol’s data and identity solutions.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"The ideal end-state of this integration would be allowing a web3 user who is active across multiple blockchains to aggregate their data and identity and then take ownership of this multi-chain, high-value data footprint via the Itheum protocol.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"tag":"h2","type":"heading","format":"start","indent":0,"version":1,"children":[{"mode":"normal","text":"You have recently opened the whitelisting process to allow users to mint their data set as NFT and list them on your data marketplace. What makes your Data NFT marketplace so unique?","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"We are nearing the launch of our Data NFT Marketplace which is a major milestone for Itheum as it showcases two fundamental protocol functions, the ability to license data streams using NFT Technology and trade these Data NFTs in a peer-to-peer manner via the marketplace. As part of the launch, we will also be showcasing Data NFTs in action via the Itheum Trailblazer, the very 1st Data NFT on MultiversX. Holders of these Data NFT’s will be able to participate in token-gated quests, quizzes, and activities including the ability to obtain exclusive early access to product launches accessed via the Trailblazer Data NFT Stream. We have also had a great response from a variety of data creators who are keen to unlock value in some unique datasets of their own which will progressively be made available once the Data NFT Marketplace opens.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"The Itheum Data NFT Marketplace is unique in the fact that it provides a familiar experience to a traditional NFT marketplace hosting multiple NFT collections. Interacting and procuring Data NFTs is intuitive and designed with the end user in mind. We have worked hard on cutting out as much of the complexity as possible enabling creators to easily mint and list their Data NFT’s. End users will also have the ability to retrade their Data NFTs much like regular NFTs with clear transparency on the data creator including the ability for data creators to continually benefit and be rewarded via retrade royalties.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"The attached ","type":"text","style":"","detail":0,"format":0,"version":1},{"rel":"noopener noreferrer","url":"https://medium.com/itheum-newsletter/data-nfts-welcome-to-the-future-of-data-ownership-e282d9b1d537","type":"link","title":null,"format":"","indent":0,"target":"_blank","version":1,"children":[{"mode":"normal","text":"article","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"mode":"normal","text":" explains Data NFT’s in detail and the upcoming guarded launch of the NFT Marketplace.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"tag":"h2","type":"heading","format":"start","indent":0,"version":1,"children":[{"mode":"normal","text":"What are the plans for the near future? Anything you would like to share with our readers?","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"With the launch of our tech this month we are excited for the next phase of Itheum as we now look to onboard integrators and data creators onto the platform and help them unleash their data as a new asset class. We will be working hard as a team to ensure we seek out valuable data creators from a variety of verticals and a diverse range of data sets to inspire and help data creators embrace this new revolution in data ownership.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"Our ","type":"text","style":"","detail":0,"format":0,"version":1},{"rel":"noopener noreferrer","url":"http://itheum.io/roadmap","type":"link","title":null,"format":"","indent":0,"target":"_blank","version":1,"children":[{"mode":"normal","text":"tech roadmap","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"mode":"normal","text":" which is public provides clarity on what is to come over the coming quarters as we work on deploying soulbound badges, execute our multi-chain strategy, and work towards NFMe-ID - your data avatar that brings all the various components together.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"tag":"h2","type":"heading","format":"start","indent":0,"version":1,"children":[{"mode":"normal","text":"Finally, we have a lot of builders and future project builders in our community. Can you please share your most significant achievement and most extensive challenge at Itheum so far? Any advice for people looking to start something in the space?","type":"text","style":"","detail":0,"format":1,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"The Itheum journey has had its ups and downs and as founders in the web3 space, there were always numerous challenges to overcome. From an operational perspective, it's important to structure the project and its attached businesses in a way that provides flexibility yet be weary of the ever-changing landscape globally in terms of regulation. One of the greatest benefits of working in web3 is the diversity and the ability to work across borders and countries which wouldn’t be easily achievable with a traditional tech business. From a tech perspective, working in this space is very different as well from deploying traditional web2 tech. The complexity and thoroughness required when deploying complex bits of code such as smart contracts can be overwhelming at times and requires a lot of discipline as unlike traditional technology rolling out changes, fixes, etc. are not as easy or favorable. The immutability and transparency of the blockchain demands substantially more attention to detail.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"One of the larger challenges that we face is that Itheum technology is very new and can be complex to understand initially even for those already familiar with web3. We have and continue to invest a significant amount of time and energy in breaking down and simplifying things so that adoption and understanding get better. Fortunately, we have decades of traditional software experience between us which has helped us continue to refine, redefine and pivot and keep evolving our messaging to reach and convert the target audience.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"This web3 space is the future and its foundations are strong with ownership and decentralization at its core which is why it appeals to and connects with the younger generation in a way in which no traditional technology can. Founders who venture out into this space now will face a variety of challenges unlike startups in the traditional space and the learning curves are steep, but those resilient enough to survive will be trailblazers.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"start","indent":0,"version":1,"children":[{"mode":"normal","text":"--","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":null},{"type":"paragraph","format":"start","indent":0,"version":1,"children":[{"mode":"normal","text":"Thank you Mark and Praveen for the interesting interview. Good luck with you project!","type":"text","style":"","detail":0,"format":2,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"start","indent":0,"version":1,"children":[{"mode":"normal","text":"Please, visit the link below to learn more about Itheum.","type":"text","style":"","detail":0,"format":2,"version":1}],"direction":"ltr"},{"type":"paragraph","format":"start","indent":0,"version":1,"children":[{"mode":"normal","text":"Follow Itheum: ","type":"text","style":"","detail":0,"format":0,"version":1},{"rel":"noopener noreferrer","url":"https://www.itheum.io/","type":"link","title":null,"format":"","indent":0,"target":"_blank","version":1,"children":[{"mode":"normal","text":"Website","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"mode":"normal","text":" | ","type":"text","style":"","detail":0,"format":0,"version":1},{"rel":"noopener noreferrer","url":"https://twitter.com/itheum","type":"link","title":null,"format":"","indent":0,"target":"_blank","version":1,"children":[{"mode":"normal","text":"Twitter","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"mode":"normal","text":" | ","type":"text","style":"","detail":0,"format":0,"version":1},{"rel":"noopener noreferrer","url":"https://t.me/itheum","type":"link","title":null,"format":"","indent":0,"target":"_blank","version":1,"children":[{"mode":"normal","text":"Telegram","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"mode":"normal","text":" | ","type":"text","style":"","detail":0,"format":0,"version":1},{"rel":"noopener noreferrer","url":"https://www.linkedin.com/company/itheum/","type":"link","title":null,"format":"","indent":0,"target":"_blank","version":1,"children":[{"mode":"normal","text":"LinkedIn","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"},{"mode":"normal","text":" | ","type":"text","style":"","detail":0,"format":0,"version":1},{"rel":"noopener noreferrer","url":"https://itheum.io/discord","type":"link","title":null,"format":"","indent":0,"target":"_blank","version":1,"children":[{"mode":"normal","text":"Discord","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"}],"direction":"ltr"}],"direction":"ltr"}}},"contentPreview":{"editorState":{"root":{"type":"root","format":"","indent":0,"version":1,"children":[{"type":"paragraph","format":"","indent":0,"version":1,"children":[{"mode":"normal","text":"In today’s interview, we have Mark Paul \u0026 Praveen Paul - Co-founders of Itheum, the world's first decentralized multi-chain data brokerage platform.","type":"text","style":"","detail":0,"format":0,"version":1}],"direction":"ltr"}],"direction":"ltr"}}},"subtitle":"In today’s interview, we have Mark Paul \u0026 Praveen Paul - Co-founders of Itheum, the world's first decentralized multi-chain data brokerage platform.","author":{"id":"d306d62c-b30f-45ba-a312-484e385fdc39","createdAt":"2022-11-22T13:40:12.860Z","updatedAt":"2025-01-23T09:12:43.868Z","name":"Njani Ruetsch","username":"user_89310683","profileData":{},"abilities":[],"pointsLevel":1},"sidebarFeatured":false,"pinnedToIndex":false,"pinnedToHomepage":false,"articleType":"founder-stories","publishedAt":"2023-07-25T11:54:00.000Z","previewUrl":"https://mycryptoreferrals-uploads-production.s3-us-east-2.amazonaws.com/coinexplorers/c58a559e-764e-4051-994a-d5b8ef6c23a1/jpeg-optimizer_coinfyi_founder__itheum.png","visibility":"live","hidePreviewImgFromContent":false,"wasUpvoted":false,"rating":1,"commentsCount":0,"products":[]}],"meta":{"page":1,"take":10,"itemCount":2,"pageCount":1}},"article":null,"relatedArticles":null},"userAgent":"Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 6.0; SLCC1; .NET CLR 2.0.50727; .NET CLR 3.0.04506; .NET CLR 3.5.21022; .NET CLR 1.0.3705; .NET CLR 1.1.4322)","__N_SSP":true},"page":"/articles/[articleType]/[categoryOrSlug]","query":{"articleType":"founder-stories","categoryOrSlug":"web3"},"buildId":"wr6MIufzHxVDJzh2NFaOE","isFallback":false,"gssp":true,"appGip":true,"scriptLoader":[]}</script></body></html>

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