Request for Comment: Data Economy Index (DATA) Updates

Hi frens, :wave:
New poster; long-time fan of the Index Coop project.

I wanted to chime in and voice my strong support for the Data Economy Index. :muscle::white_check_mark:

We at ConsenSys Codefi work with a lot of new DeFi users both retail and increasingly institutional (see MetaMask Institutional). New DeFi users are well versed in the big crypto trends (DeFi, NFTs!, Data Economy, DAOs) but they don’t have the expertise to research hundreds of tokens and make the right plays. They want an INDEX!

The Data Economy / web3 / decentralized web has increasingly become a focus of our customers, VCs, the media, and even mainstream users (normies). The increasing number of data exploits, Big Tech’s monopolies, and DID momentum have all played into the Data Economy becoming a massive sector over the next few years.

I myself believe that web3 / Data Economy represents the next big advance in the internet, after mobile, and have worked closely with the Filecoin team to make this a reality over the last few years. I believe that DeFi will be the financial services layer for this internet evolution and have championed the creation of renFIL as a wrapped version of Filecoin and gotten it into Aave as a lending market. I’m happy to talk through the critiques of renFIL if needed but believe it’s the best wrapped FIL asset on Ethereum today.

Anyway, the DATA Index solves a real customer need that we’re seeing, and I believe will become super popular as the crypto data economy goes mainstream over the coming years. :white_check_mark::white_check_mark::white_check_mark:

Thanks for reading! :pray:

11 Likes