Since its launch on July 10, Arkham Intel Exchange, a bounty marketplace where individuals can exchange crypto intelligence, has seen a consistent stream of interaction. Statistics point out 11 submissions from different addresses and 32 active bounties on the platform. Notably, seven of the bounties were posted by Tron DAO, with the remaining majority being from Arkham Admin.
As of the time of our source, the average bounty value stands at 5,931 ARKM, Arkham’s native token, an equivalence of $3,677. Interestingly, over 72% of the bounties are capped at 1,000 ARKM. These bounty missions range from identifying the public address of Elon Musk, Tesla’s CEO, and associating addresses with Bitwise – a tool used by a sizeable crypto asset manager, overseeing above $1 billion in assets under management.
The two predominant bounties, valued at approximately 100,000 ARKM and 50,000 ARKM respectively, center around uncovering the miscreants who exploited FTX during its collapse and the notorious crypto trading firm Wintermute. An example of the platform’s bounty variety is a 1,500 ARKH reward for identifying an address owned by MicroStrategy with a Bitcoin volume over 10,000.
Arkham Intel Exchange’s bounty marketplace offers a fascinating glimpse into the appetite for on-chain intelligence. Despite the limited number of known buyers (Tron DAO and Arkham Admin), the unique addresses of all the submissions hint at a widespread base of contributors. Arkham was not available for comment at press time.
However, the distinctive platform hasn’t avoided controversy. Recently, there was a wave of backlash on Twitter, with a segment of the crypto community criticizing its practice of incentivizing the identification of individuals behind anonymous or pseudonymous blockchain addresses. Arkham CEO, Miguel Morel, countered the critiques in a Twitter Space discussion, suggesting that the inherent lack of privacy is simply a part of how most blockchains function currently.
On a side note, the platform’s native token, ARKM, has depreciated by 13% to 65 cents since its introduction just three days prior. Seemingly, the market’s sentiment towards the unique platform and its offerings is yet to mature.
Source: Coindesk
