Data Vault Holdings Inc., a provider of metaverse data visualization, valuation, and monetization, has launched a new smart contract NFT platform to bring college and university degrees on-chain. Data Vault Holdings Inc. provides businesses with the tools to monetize data assets securely over its Information Data Exchange (IDE).
- To begin with, Datavault has minted NFT tokens for leading Colleges and Universities in the United States that are designed to commemorate and recognize student achievements of all types across every learning discipline.
- Branded tokens bearing the brands of institutions have been designed and launched by Data Vault Holdings for Pacific Conference PAC 12, Big Ten Conference, Community Colleges and Historically Black Colleges and Universities (HBCUs).
- By utilizing Datavault’s Patented Web 3.0 Name, Image and Likeness (NIL) Management Platform, educational institutions of all sizes can establish branded coin inventories and historical blockchain registries.
- For instance, a student will receive tokens for finishing a bachelor’s, master’s, or doctoral degree. Student athletes who have secured roster or individual spots within the college and university athletic departments will also receive tokens. These tokens include coaching, alumni letters, videos with performance statistics, and various forms of multimedia.
- Nathaniel Bradley, CEO of Data Vault Holdings, Inc. stated, “NIL legal specialists and faculty will maximize the benefits to students presented by our innovative new Web 3.0 tools. Name, image and likeness opportunities that the Metaverse and NFTs have unlocked are nothing short of a breakthrough.
- “Datavault’s patented ability for students to monetize their image and likeness through compliant Web 3.0 strategies represents a large-scale opportunity for marketers, brands, donors and other College and University utilities,” Nathaniel added.
- “Smart Contracts, which are embedded into the Web 3.0 architecture at Datavault, will help address the privacy, brand, and compliance issues which permeate the emerging NIL marketplace. It is important that data governance via smart contracts and other frameworks accompanies the NIL monetization strategy, particularly with university NIL programs which seek to promote their student athletes,” Douglas DePeppe, a data rights attorney and member of the Crypto Team at Sports-ISAO, stated.
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