💹 Improving Investment Returns for Everyone
Delphia lets users pool their data to create economic power and earn money.
Today's Highlights
- Delphia - automated wall street algorithm
- Blockchain jobs - a listing of fresh jobs related to web3/blockchain/crypto.
- In Other News - a few interesting developments we're tracking.
Delphia - automated wall street algorithm
Delphia is unique in aiming to build a viable, sustainable and scalable way to take a person’s data and turn that into real monetary gain. It’s not aiming to do this by putting a price tag on the social graph — instead, Delphia wants to pool the resources of a large group of individuals to derive real economic power through collective action.
Other companies have typically only looked at the value of individual data for advertisers, which is not very high. However, Delphia is taking a different approach by looking at how user data can be used in the capital markets. Large investors like hedge funds already use machine learning algorithms based on user data, but users don't have any say in the process and don't receive any significant reward. Delphia aims to change this by launching an app that lets users opt-in to invest their data alongside others and potentially earn a reward.
Delphia uses data from connected accounts like Twitter, Venmo, phone location, and Amazon purchases to make stock market picks for its users. It charges fees but gives back half to users who invest their data. Anyone can participate without special requirements. Delphia plans to expand to institutional investment in the future.
Delphia’s model requires a certain volume of users on the platform participating before it can work as designed by the data scientists on the team and it also requires a lot of trust on the part of users.
Andrew Peek and Cameron Westland are the co-founders. They have raised a total of $79.5M in funding.
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