Arkham Unveils Groundbreaking On-Chain Intelligence Marketplace
In a significant development for the world of blockchain technology, Arkham, a prominent player in the crypto industry, has announced the launch of the Arkham Intel Exchange.
This groundbreaking platform is set to revolutionize the way on-chain intelligence is accessed and monetized, creating the world’s first on-chain intelligence marketplace.
Unveiling the Arkham Intel Exchange
The Arkham Intel Exchange introduces a unique concept known as the intel-to-earn economy, where individuals can buy and sell valuable on-chain intelligence related to crypto wallet addresses.
This platform addresses the increasing demand for comprehensive on-chain analysis from traders, investors, journalists, researchers, and protocols who require detailed insights into blockchain activity but lack the time and expertise to conduct in-depth analysis themselves.
One of the key drivers behind the creation of the Arkham Intel Exchange is the recognition of the vast potential possessed by skilled on-chain researchers.
Despite their valuable expertise, these researchers often face challenges when it comes to monetizing their skills.
With the Intel Exchange, Arkham aims to provide a platform where these researchers can showcase their talents and be rewarded for their contributions to the on-chain analysis community.
Harnessing the Power of Bounties
The Intel Exchange operates on a bounty mechanism, connecting buyers and sellers of on-chain intelligence.
Users can post bounties by locking funds to request specific information on crypto wallet addresses or entities.
This creates opportunities for researchers or sleuths, known as “bounty hunters”, to provide valuable intelligence in exchange for payment.
The flexibility of the bounty system allows for a wide range of requests.
Buyers on the Arkham Intel Exchange request intelligence from the community by placing bounties.
— Arkham (@ArkhamIntel) July 10, 2023
Bounty hunters claim them by submitting the requested intel, thereby earning rewards. pic.twitter.com/UQu6JaltdE
Bounties can include finding wallet addresses of hedge funds, identifying team wallets for specific protocols, uncovering the real identity of individuals, pooling resources to gather intel on exploiters, or even purchasing intel on a trading firm’s wallet before competitors do.
A Transparent and Exclusive Access Period
To ensure the quality and integrity of the information exchanged, Arkham imposes minimal limitations on the types of bounties that can be posted.
However, measures are in place to prevent spam submissions or poor-quality responses, with a slashing penalty applied to such cases.
When a bounty is fulfilled, the Intel Exchange institutes a 90-day exclusive access period.
During this time, only the users who funded the bounties are granted access to the intelligence submissions, which are verified by Arkham Foundation.
After the 90-day period, the information becomes accessible to the wider Arkham community, striking a balance between the exclusive access for purchasers and broader dissemination of the intel.
Our vision for the Arkham Intel Exchange is a decentralized intel-to-earn economy powered by smart contracts, in which any sleuth can earn based on their skills & experience.
— Arkham (@ArkhamIntel) July 10, 2023
This ushers in a new era for crypto with a much higher standard of transparency and knowledge.
Notably, multiple users can contribute to public bounties by locking an equal amount of funds as the original requester.
This allows each contributor to gain access to the data during the 90-day holding period.
In cases where the original bounty poster desires exclusive access to the intel, they have the option to buy out later users.
A Decentralized Vision for the Future
Arkham envisions the Intel Exchange as a decentralized intel-to-earn economy powered by smart contracts.
To ensure transparency and security, all transactions within the Arkham Marketplace occur through audited smart contracts, providing a robust and trustworthy environment for the exchange of on-chain intelligence.
As the Arkham Intel Exchange embarks on this pioneering venture, the crypto community eagerly anticipates the diverse range of valuable intel that will be shared on the platform.
This marks another significant milestone in the evolution of on-chain analysis and reinforces Arkham’s commitment to driving innovation in the crypto space.
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