Arkham launches on-chain crypto data and blockchain intelligence marketplace, receives mixed reaction

Dubbed the Arkham Intel Exchange, the platform will enable the monetization of blockchain data and intelligence through a bounty mechanism that connects buyers and sellers.

Arkham’s intel-to-earn economy goes live. 

Arkham Intelligence, a blockchain analytics company headquartered in New York, has announced the launch of the Intel Exchange, an intel-to-earn platform the team claims will enable web3 sleuths and researchers to monetize their skills.

The new Arkham Intel Exchange plans to bring buyers and sellers of valuable blockchain data related to any crypto wallet together via a bounty mechanism.

“Anyone can post a bounty seeking on-chain information by locking funds to request information on crypto addresses or entities. These bounties can then be fulfilled by ‘bounty hunters’ – blockchain researchers or sleuths, who will exchange intelligence in return for the payment.”

Arkham Intelligence 

Mixed reactions 

Arkham claims the decision to launch its new solution is born out of a desire to make life easier for crypto traders, investors, journalists, researchers, and others who are constantly in need of comprehensive, clear, and accurate on-chain data but lack the “time and skill to build proficiency in blockchain analysis.

However, some observers have criticized the project, citing a possible breach of people’s privacy.

According to the announcement, a maximum of $2,500,000 worth of ARKM tokens will be offered to platform users. Each buyer can only purchase a maximum of 300,000 ARKM ($15,000).

The company said it will launch its native ARKM token sale on Binance Launchpad. The launchpad will begin taking users’ BNB balance snapshots from July 11, with the subscription scheduled to open on July 17.