Datavault and NYIAX Partner for Data Trading Market

In the US, AI-driven data valuation and monetization firm Datavault AI Inc. has announced a multi-year alliance with NYIAX, whose transparent trading technology is built on the Nasdaq financial framework. The partners aim to give businesses the ability to scale, list, price and trade their proprietary data assets.

The deal integrates Datavault AI's patented Information Data Exchange (IDE) and Data Vault platform with NYIAX's blockchain exchange technology, to give companies the infrastructure to monetize data in a secure and scalable environment, 'bridging the gap between data valuation and liquidity'.

Teri Gallo, CEO of NYIAX explains: 'Companies possess data with untapped economic value that can generate significant revenue. This alliance establishes a structured market where data is traded like traditional assets, offering businesses greater valuation transparency and liquidity'.

The resulting platform promises users seamless, transparent trading of data assets in a cyber-secure, scalable and regulatory-compliant real-time environment, with built-in audit trails. Tokenized data exchanges will allow AI-driven real-time pricing, valuation and liquidity management.

Nathaniel Bradley, CEO of Datavault AI, comments: 'This is a breakthrough for businesses looking to unlock financial value from their data... Our customers gain access to secure, real-time valuation and trading mechanisms, helping them capitalize on the expanding data economy'.

The firms are online at www.dvlt.ai and www.nyiax.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.