$XNY
#Codatta I. Project Overview
Basic Information
• Project Name: Codatta
• Core Focus: Decentralized, multi-chain AI knowledge and data annotation protocol
• Token: XNY (formerly XYN in early communications)
• Date of Creation: July 2025 (token launch)
• Founders/Team: Not specified in sources
• Funding:
• Investors: Singapore-based NGC Ventures, KuCoin Ventures
• Funding Amount: Not disclosed
Services and Product Offerings
• Decentralized AI knowledge protocol
• Open protocol for data annotation and knowledge monetization
• Blockchain metadata analysis and semantics-enabling metadata
• Enabling data creators to monetize knowledge via royalties
• Hybrid storage: On-chain proofs combined with encrypted off-chain data for privacy and transparency
• Strong focus on permissionless participation, privacy, and scalability
II. Narrative Analysis
Technology Innovation
• Decentralized Crowdsourcing Model:
Leverages both AI-driven methods and human intelligence to annotate blockchain and real-world data, ensuring broad coverage and high-quality annotations.
• Hybrid Storage:
Utilizes on-chain proofs together with encrypted off-chain data, striking a balance between privacy and transparency.
• Portable On-Chain Profiles:
Empowers users with sovereignty over their data, enabling the creation of reputation and identity solutions across multiple dApps and blockchains.
• Semantics-Enabling Metadata:
Simplifies complex blockchain data, making it accessible and actionable for compliance, risk assessment, and analytics.
Real Use Cases
• Data Annotation for AI:
Provides high-quality, traceable data for AI training and evaluation in healthcare, embodied intelligence, and other cutting-edge sectors.
• Blockchain Data Analytics:
Used for compliance, risk management, trend analysis, and creation of personalized user experiences.
• Monetization of Knowledge:
Data creators can earn royalties, creating new economic opportunities within the ecosystem.
Partnerships and Ecosystem
• KITE AI:
Codatta is the first data module within the KITE AI ecosystem, focusing on medical data annotation and evaluation, with a vision to build an "Agentic Internet" supporting autonomous agents with unified identity, payment, and governance infrastructure1.
• Metis:
Strategic integration to enhance blockchain metadata analysis, compliance tools, and user-controlled, portable on-chain profiles. Community reward campaigns to incentivize engagement2.
• XPIN Network:
Collaboration for empowering AI agents and next-gen applications in decentralized wireless (DePIN) environments3.
III. Key Milestones & Timeline
• July 2025:
XNY token launch and protocol debut
• August 2025:
• Token market cap surpasses $136 million, with daily trading volume over $63 million3
• Strategic investments from NGC Ventures and KuCoin Ventures announced
• Launch of the Booster Airdrop campaign (weekly rewards in XNY tokens)
• Major partnership announcements with KITE AI, Metis, and XPIN Network
IV. Market Analysis
Industry Overview
• Sector: Decentralized AI/Knowledge Protocols & Blockchain Data Infrastructure
• Growth Drivers:
• Increasing demand for high-quality, verified data in AI ecosystems
• Growing adoption of decentralized identity and data monetization models
• Regulatory focus on data transparency and compliance in crypto and AI sectors
Market Size & Potential
• AI Data Annotation Market:
Substantial, forecasted to be a multi-billion dollar industry as AI adoption spreads across healthcare, finance, and IoT.
• Blockchain Analytics:
Essential for DeFi, compliance, and on-chain identity solutions. The sector is expanding rapidly with the growth of multi-chain ecosystems.
Competitors
• Competing Protocols:
• Ocean Protocol (decentralized data marketplace)
• The Graph (blockchain data indexing and querying)
• Chainlink (decentralized oracle network with data annotation features)
• Differentiators for Codatta:
• Focus on both on-chain and real-world AI data annotation
• Hybrid privacy-preserving storage
• Emphasis on permissionless crowdsourcing and data creator royalties
Trends & Constraints
• Trends:
• Multi-chain compatibility and cross-ecosystem integration
• Growing synergy between DePIN, AI, and Web3 data protocols
• Rising importance of data provenance and traceability for AI
• Constraints:
• Crypto market volatility impacting token economics
• Regulatory uncertainty around data privacy and royalties
• Need for continued user and developer engagement to sustain ecosystem growth
V. Conclusion
Codatta is positioning itself at the intersection of decentralized AI, data monetization, and blockchain analytics, backed by notable investors and strategic partnerships. With innovative technology and a focus on privacy and user empowerment, Codatta has quickly become a significant player in the Web3 data infrastructure space. However, investors and participants should remain mindful of market volatility and the evolving regulatory landscape.