Term of the Moment
agent
Redirected from: Cyrus Foundation
Definition: Cirus platform
A data ownership platform that pays users for their data from the not-for-profit Cirus Foundation. Founded in 2020, a Cirus browser extension allows users to decide how much data they want to sell. Payment is made in Cirus tokens to the user's digital wallet, and the tokens are exchangeable for other crypto or cash. Using technology from Cubera International, the blockchain-based platform was created to aggregate and sell the data to advertisers. The Cirus Layer 2 blockchain handles the transactions and summarizes them on the Ethereum network. See Layer 2 blockchain.
The Real Ownership Economy?
A lot of press in the DeFi community is about crypto enabling the "ownership economy" by creating capital via new tokens as well as loaning or staking crypto for rewards. However, getting paid for one's data, which people freely give up every time they search for something over the Internet, is a revolutionary approach. Will it foster the "real" ownership economy? Stay tuned! See Web3 and DeFi.
The Cirus Data NFT (dNFT)
The Real Ownership Economy?
A lot of press in the DeFi community is about crypto enabling the "ownership economy" by creating capital via new tokens as well as loaning or staking crypto for rewards. However, getting paid for one's data, which people freely give up every time they search for something over the Internet, is a revolutionary approach. Will it foster the "real" ownership economy? Stay tuned! See Web3 and DeFi.
Cirus created the first "data NFT," which contains the keys to all the curated data that flows through the user's browser and router. Over time, the dNFT points to richer and more meaningful data, which increasingly rewards the user with more Cirus tokens.