XYO
1405 30th Street, Suite A, San Diego, California, 92154, United States
Overview
XYO is the original DePIN (Decentralized Physical Infrastructure Network). It was built to create a fully trustless oracle for Web3 and Web2 users. The XYO token powers the XYO ecosystem, which includes a network, DePIN system, protocol, SDKs, software suite, and software platform (xyOS), with APIs soon to follow. This decentralized ecosystem incentivizes the aggregation and validation of data, facilitating personal and organizational data sovereignty. XYO works by incentivizing users to participate in data submission and collection through various means, including the accumulation of digital assets like the XYO token and a variety of useful services provided by XYO. Anonymous data submitted this way is then permanently and immutably made part of XYO’s decentralized data network, and the user may opt out from submitting further data at any time. XYO and third party developers can then tap into that data using XYO’s suite of software and tools, including robust SDKs, documentation, and APIs. Transactions to receive data are paid in XYO tokens, maintaining a strong economic cycle within the system.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 4
Sector focus
- Blockchain
- Consumer Electronics
- Information Technology
- Internet
- Internet of Things
- Location Based Services
- Mining Technology
- Software
Investment portfolio
- NATIX Network
Participated · Seed · Apr 2023
Natix Network is a Hamburg-based decentralised, blockchain-based crowdsourced camera network that creates real-time maps of the world. The company is building a Decentralised Physical Infrastructure Network (DePIN) of cameras that uses Natix’s AI technology to map cities while ensuring that no private data is collected. It plans to launch its first mobile app, Drive&, a drive-to-earn mobile app that collects geospatial data via a dashboard-mounted camera. Drive&’s AI extracts data such as traffic volume, traffic signs, potholes and faded road markings for use by local governments and mobility companies. The seed funding will be used to launch Drive&, build the team, and further develop the network. Natix positions its mobile-first, crowdsourced approach as a privacy-focused, lower-cost way for citizens to help improve city infrastructure.