Codatta

Codatta, founded in 2023 by Yi Zhang (CEO), Paul Pang (CTO), and Kevin Wang (CPO), is a decentralized, multi-chain data protocol that connects data contributors with AI companies and developers. The platform operates as a permissionless marketplace where human contributors and AI agents can annotate, verify, and curate datasets. These curated data resources are then tokenized into assets on the XnY network, creating a system where contributors can earn perpetual royalties when their data is used.

The company's core mission is to solve data challenges like silos, integrity issues, and inefficiency by creating a transparent and collaborative ecosystem. Codatta employs a hybrid validation engine that combines AI processing with human oversight to ensure data quality and confidence. Its business model involves selling these curated, high-quality datasets to clients, primarily AI companies, that require reliable data for training machine learning models. A portion of the revenue is used to buy back its native utility token, $XNY, to reward the community and increase the token's value.

In June 2024, Codatta successfully raised $2.5 million in a seed funding round led by OKX Ventures, with participation from other firms like Comma3 Ventures and Mask Network. The funds are allocated to accelerate tool development, enhance AI capabilities, and build out its decentralized technologies. The protocol operates across multiple blockchains, including Ethereum, BNB Chain, and Avalanche, to ensure broad accessibility and interoperability.

Keywords: decentralized data, data marketplace, AI training data, DeSci, data annotation, data assetification, royalty sharing, XnY network, blockchain data protocol, data monetization, crypto account annotation, machine learning datasets, data validation, permissionless network, community-driven data, Yi Zhang, Paul Pang, Kevin Wang, OKX Ventures, web3