Exploring Codatta (XNY), the Future of Decentralized Data Economy

One of the most exciting innovations is Codatta (XNY), the project aims to merge data infrastructure, human knowledge, and AI into a unified ecosystem where contributors can earn rewards for the value of their insights. 

But what is Codatta (XNY) exactly and why is it gaining traction? Let’s dive deeper. Read this article to learn more about this project!

What is Codatta (XNY)?

Codatta (XNY) is an open, decentralized, multi-chain protocol designed to transform how data is owned, shared, and monetized. 

Unlike traditional data platforms where corporations control access, Codatta empowers individuals and communities to convert their knowledge into digital assets. 

Through its collaborative ecosystem, contributors and AI agents work together to build and maintain datasets. 

Whenever these datasets are used to power AI or other applications, contributors can earn perpetual royalties. This creates a fairer system where knowledge holders benefit directly from their intellectual contributions.

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Key Features of Codatta (XNY)

Codatta (XNY) introduces several innovative features that make it stand out in the blockchain and AI space:

1. Permissionless Data Marketplace: Codatta provides a marketplace where datasets are tokenized and traded freely. AI-driven quality control ensures that the data is accurate and verified, while provenance tools trace its origin.

2. Hybrid Storage System: Instead of keeping all data on-chain, Codatta uses a hybrid model: metadata stays on-chain for transparency, while encrypted off-chain storage ensures scalability and privacy.

3. Cross-Chain Interoperability: Codatta works seamlessly across multiple blockchains, including Ethereum, BNB Chain, and Solana, making it accessible to a wide range of users and developers.

4. Royalty Sharing for Contributors: Whenever datasets are used, contributors are rewarded through a built-in royalty-sharing system. This model ensures ongoing income for data creators.

5. Governance with XNY Token: The XNY token powers the ecosystem by enabling governance, staking, and payments for data access. Token holders have a direct say in protocol upgrades and decision-making.

6. Diverse Applications: Codatta isn’t limited to AI training. It can also be used in decentralized science (DeSci), financial analytics, risk management, and beyond, positioning it as a versatile tool in the Web3 space.

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XNY Token Price Today

Source: Coinmarketcap

The XNY token is central to the Codatta ecosystem, serving as an incentive for data contributors, a payment token for data access, and a governance token for protocol upgrades.

Looking at today’s performance, XNY price is trading at $0.007889, up 14.93% in the last 24 hours. Trading volume has surged nearly 96.76% to $23.94 million, showing strong market activity. 

With a circulating supply of 2.5 billion XNY and a total supply capped at 10 billion XNY, the project is gaining attention among both retail and institutional investors. 

This growing interest reflects the increasing demand for decentralized data solutions and the potential of Codatta’s unique model.

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Conclusion

Codatta (XNY) is a revolutionary data economy platform that allows contributors to turn their insights into lasting digital assets. By combining blockchain, AI, and human collaboration, it creates an environment where everyone benefits fairly from the value of data.

With today’s price increase and growing adoption, Codatta is positioning itself as a key player in the future of Web3 and AI-driven innovation.

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FAQ

What is Codatta (XNY)?

Codatta is a decentralized protocol that combines blockchain, human knowledge, and AI to create a marketplace for tokenized datasets where contributors earn royalties.

What makes Codatta different from other blockchain projects?

Its focus on data monetization and perpetual royalties sets it apart, ensuring long-term rewards for contributors.

What is the role of the XNY token?

The XNY token serves as the governance, payment, and staking token within the ecosystem, giving users control and incentives.

How much is Codatta (XNY) worth today?

As of now, XNY is trading at $0.007889, up 14.93% in the last 24 hours, with a market cap of $19.72 million.

What are the potential uses of Codatta?

Codatta can be applied in AI training, DeSci, risk management, and financial analytics, making it highly versatile across industries.