Patented Web 3.0 (NIL) Name, Image and Likeness Management Platform from Datavault® Enable smart contract NFT
NEW YORK, October 31, 2022 /PRNewswire/ — Data Vault Holdings Inc., the emerging leader in metaverse data visualization, evaluation and monetization, today announced that it has created NFT tokens for leading colleges and universities in United States which are designed to commemorate and recognize the achievements of students of all types in all learning disciplines. Branded tokens bearing the institutions’ marks have been designed and released by Data Vault Holdings for the Pacific Conference PAC 12, Big Ten Conference, Community Colleges, and Historically Black Colleges and Universities (HBCUs). Using patented Datavault® technology, educational institutions of all sizes can establish branded coin inventories and blockchain historical records. Higher education institutions are enabled by the Datavault® platform with on-the-fly typing as well as regulated token awarding, commemorating graduation, dean’s list and academic achievement as well as student athletes and the performing arts.
For example, a student will receive tokens for earning a bachelor’s, master’s, or doctoral degree with additional awards to student-athletes who have earned roster or individual positions within athletic departments colleges and universities. These tokens contain performance statistics videos, posts from alumni, coaching, and multimedia of all types.
Nathaniel Bradley, CEO of Data Vault Holdings, Inc., said, “It’s the power of our platform that’s on display as we roll out our colleges and universities. NIL’s legal specialists and faculty will maximize the student benefits presented by our innovative new Web 3.0 tools. The 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. With our patented and expanding technology, NIL opportunities for students to earn by capturing and preparing data assets from their academic careers are now abundant. It’s an exciting time to be a student, especially here in America at the epicenter of this proliferation and exploration of technology Careful planning and deployment with information, regulatory oversight and drills ight gives colleges and universities many fundamental advantages. »
Douglas DePeppedata lawyer and member of the Crypto The Sports-ISAO team added, “It’s exciting to see university and college students and student-athletes pursuing this NFT opportunity with Data Vault Holdings. Smart contracts, which are integrated into the Web 3.0 architecture of Datavault®, will help achieve privacy, branding and compliance that pervade the emerging NIL market. It is important that data governance through smart contracts and other frameworks accompany NIL’s monetization strategy, especially with NIL university programs seeking to promote their student-athletes.
About Data Vault Holdings Inc.
Data Vault Holdings Inc. is a technology holding company that provides a proprietary cloud-based platform for delivering branded data-driven cryptocurrencies. Data Vault Holdings Inc. provides businesses with the tools to securely monetize data assets through its Information Data Exchange® (IDE). The company is finalizing the consolidation of its subsidiaries Data Donate Technologies, Inc., ADIO LLC and Datavault Inc. as wholly owned subsidiaries under a single corporate structure. Learn more about Data Vault Holdings Inc. here.
Data Vault Holdings Inc.
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SOURCE Data Vault Holdings Inc.