June 12, 2024
Codatta, a Decentralized Data Protocol has successfully secured $2.5 million in a seed funding round. The round was spearheaded by OKX Ventures and saw contributions from a host of other investors including Paramita, CGV, Oak Grove Ventures, Comma3 Ventures, Web3PORT, GoPlus Security, CatcherVC, zCloak Network, Mask Network, Fibo Partners, BlockAI Ventures, among others.
Project | Latest Raise | Latest Raise Date | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Codatta | $2.5M | June 12, 2024 | Seed | $2.5M | OKX Ventures | AI |
Dora Yue, the founder of OKX Ventures, shared her excitement about leading the seed investment in Codatta. She highlighted that Codatta is at the forefront of AI technology in the realm of blockchain metadata collaboration. This technology facilitates intricate transactional analysis, trend analysis, and research into DeFi projects. Codatta is setting new benchmarks by capturing annotation data while safeguarding the privacy of on-chain addresses. The protocol's adaptability supports a continually expanding range of data, paving the way for a growing list of applications native to Web3.
About Codatta
Codatta is striving to establish a solid data infrastructure that incorporates built-in features to produce scientific levels of confidence. The protocol empowers Web3 users to profit from their data and their contributions to the development of public data, all while maintaining privacy. Codatta has cultivated a significant network of data contributors who boost data confidence through AI-validated evidence, multi-party cross-validation, and staking-as-confidence methods.
Developers can utilize Codatta to develop applications native to Web3, which are driven by machine learning models. The potential applications span across various domains, including networks resistant to criminal activity, on-chain advertising, recommendation systems that are indifferent to specific Apps, and lending products based on credit.
Website: https://codatta.io/
X Account: https://x.com/codatta_io
X Followers today: 21,006
About Investor
Investor: OKX Ventures
OKX Ventures, the investment arm of OKX, which is the world's second-largest cryptocurrency exchange in terms of trading volume, has committed an initial capital of USD 100 million. Its primary focus is on identifying and investing in innovative blockchain projects worldwide. The firm is dedicated to fostering the growth of the global blockchain industry by supporting advanced blockchain technology innovation and investing in projects that offer long-term structural value.
OKX Ventures is committed to supporting entrepreneurs who are making significant contributions to the blockchain industry. The firm's goal is to help build innovative companies and leverage global resources and historical experience to benefit blockchain projects.
Location: Singapore
Website: https://www.okx.com/ventures
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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