Codatta Price(XNY)

Codatta (XNY) is a decentralized, multi-chain Web3 project focused on creating an open AI knowledge protocol. Its primary purpose is to connect data creators with data users, transforming knowledge into verifiable and valuable digital assets. The project aims to establish a fair data economy where individuals who generate data can earn ongoing royalties when their contributions are utilized by artificial intelligence and Decentralized Science (DeSci) projects. The Codatta protocol operates through a hybrid storage model that combines on-chain proofs for transparency with encrypted off-chain data for privacy and scalability. It functions as a permissionless marketplace where datasets are tokenized, allowing them to be traded and monetized. Both human contributors and specialized AI agents collaborate to build and maintain high-quality datasets within this ecosystem. A core feature is a built-in royalty model that ensures original data creators are compensated whenever their data is used. The project emphasizes "frontier data," which refers to high-quality, domain-specific information crucial for advanced AI solutions. Data quality is maintained through AI checks, community validation, and economic incentives. The native utility and governance token of the Codatta ecosystem is XNY. This token incentivizes contributors to provide verified data and allows token holders to participate in protocol governance, including voting on upgrades and resource allocation. XNY also facilitates payments for data access and supports staking for quality assurance. Codatta is designed for cross-chain interoperability, supporting platforms like Solana, BNB Chain, and Ethereum. The project has received backing from entities such as OKX Ventures and is partnered with Alibaba Cloud for its infrastructure. Since its launch, Codatta has seen significant user adoption, indicated by a large number of Alpha Wallet connections. Beyond AI training, Codatta's applications extend to areas like DeSci, financial analytics, and risk management. Learn more

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