DATALATTE | Spotifylatte - Listen to earn | Round 21

Project Name

DATALATTE


Project Category

Build & Integrate


Proposal Earmark

General


Proposal Description

In data-driven businesses, we see two pain points, those which affect data producers and those which affect data consumers.

Every day, internet firms harvest and monetize their users’ data. There is, however, no compensation for users’ digital footprints. Since 2018, the general data protection regulation (GDPR) gives users (data producers) the right to access their personal data on each internet platform they use. Nevertheless, internet users (data producers) are often unaware that they can take advantage of GDPR’s power to access and monetize their data.

Meanwhile, companies need to harness insights from their clients’ data to grow their business and acquire and retain customers. For Data scientists (data consumers), it’s crucial to find reliable data to build robust AI models and capture actionable insights. However, limited access to high-quality data often constrains model performance and data insights to meet business needs.

Our DATALATTE DApp aims to relieve these two types of pain points by being the bridge between data producers and data consumers. On the one hand, we empower internet users to reclaim and monetise their personal data anonymously. On the other hand, we provide data scientists with the opportunity to access previously inaccessible, high-quality data for a small fee. At the heart of our platform are the four core pillars: trust, intelligence, community support, and usability.


Grant Deliverables

  • Grant Deliverable 1: A blog post on the web3 data business model
  • Grant Deliverable 2: Spotify upload feature (back+front)
  • Grant Deliverable 3: Spotify audit algorithm

Project Description

We empower internet users to monetize their own data and provide data scientists with access to non-identifiable users’ data using an AI Feature marketplace at an affordable price.


Final Product

The DATALATTE is a dApp with two main stakeholders (Data Producers and Data Consumers), four core DATALATTEfunctionalities (Audit Store, AI Feature marketplace, Compute-to-data and dataBarista NFTs) and a Data Marketplace powered by Ocean Protocol.


Value Add Criteria

The global data monetization market is expected to grow at a compound annual growth rate of 6.02% and is estimated to reach up to US$ 200 billion in 2021 [ref]. The increase in the market results on the one hand from the increase in the data basis and on the other hand from the better use of the data itself. 


However, it is not taken into account that now, only oligopolies give their data or its insights; if all data is merged into a single marketplace, the monetary and informal value will be significantly higher! If we succeed in taking over at least 0.00000060% of this fast-growing market, we will be able to generate a total transaction volume of 95K$ (R9, R11, R12, R17, R18, R19 & R20 buck) to provide an ROI of at least 1.




Core Team

Amir Mabhout, PhD, Founder, CEO

Karolina Baltulyte, MA, COO

Toktam Ghafarian, PhD, Co-founder, AI Director

Amiro0o, Msc, Co-founder, CTO

Mezli Vega Osorno, PhD, Art director

Chiara Pasqualino, MA, Social Media Director

  • Linkedin: www.linkedin.com/in/ChiaraPql
  • 2 years experience as PR Officer at GroupePixi
  • 4 years experience as Digitial Content Manager at NewAdventures

JJ, Msc, Core Dev, back-end

Amqa, Msc, Core Dev, back-end

Amirreza, Msc, Core Dev, Client-side developer

Mehran, Core Dev, back-end

Alihz, Blockchain engineer

Allan Cama, Legal Counsel


Funding Requested
15000


Minimum Funding Requested
69


Wallet Address
0x5c15608eFb12Ee43e4D8367247BED42dD884b5f7