What is Codatta (XNY)?

Deep Dive

1. Purpose & Value Proposition

Codatta addresses data ownership and monetization gaps in AI development. Traditional systems often exploit contributors by centralizing profits, but Codatta’s marketplace allows users to tokenize datasets (e.g., healthcare, crypto transaction patterns) as tradable assets. These assets generate royalties through smart contracts, ensuring fair compensation as data is reused (Codatta Blog).

2. Technology & Architecture

The protocol uses a hybrid model: on-chain metadata for transparency (e.g., data provenance) and encrypted off-chain storage for privacy. Key innovations include:
- Cross-Chain Compatibility: Integrated with Chainlink’s CCIP to enable seamless XNY transfers between Base and BNB Chain.
- Decentralized Validation: Combines AI and human reviewers to ensure data quality, with reputation scores for contributors.

3. Tokenomics & Governance

XNY has a fixed supply of 10 billion tokens, with 48% allocated to community incentives like airdrops and node rewards. The token powers governance (voting on protocol upgrades), data purchases, and staking for network security. Partnerships with Binance and KuCoin have expanded its utility in trading and liquidity pools (Phemex).

Conclusion

Codatta reimagines data as a community-owned asset, bridging AI innovation with equitable rewards. Its cross-chain design and royalty mechanics position it as a foundational layer for decentralized knowledge economies. Can decentralized data marketplaces outcompete traditional AI data brokers in scalability and fairness?