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What is Codatta XNY (XNY)?
Quick Facts
- Blockchain: BNB Smart Chain (BEP-20), with cross-chain expansion
- Token symbol: XNY
- Token type: Utility and governance token
- Launched: 2025
- Backers: OKX Ventures; infrastructure partner Alibaba Cloud
- Cross-chain: Chainlink CCIP bridges XNY between BNB Chain and Base
- Focus areas: AI data, knowledge monetization, decentralized governance
Introduction
Codatta is a decentralized data infrastructure protocol designed to solve one of AI's biggest bottlenecks: sourcing high-quality, trustworthy training data. It lets individuals turn their knowledge and datasets into on-chain digital assets, earning perpetual royalties every time that data is used by AI developers or other consumers.
The native token, XNY, sits at the center of this ecosystem, enabling payments, incentivizing quality contributions, and powering community governance.
History & Background
Codatta launched in 2025, emerging at the intersection of blockchain and artificial intelligence. The project attracted early backing from OKX Ventures and secured a key infrastructure partnership with Alibaba Cloud. It was built primarily on BNB Smart Chain, later integrating Chainlink's Cross-Chain Interoperability Protocol (CCIP) to extend XNY transfers to Coinbase's Base network.
How Codatta XNY Works
Codatta uses a hybrid storage model: cryptographic proofs of data ownership and access rights are stored on-chain for transparency and auditability, while the actual dataset content is held in encrypted off-chain storage for efficiency and privacy.
Smart contracts automate the entire workflow — from data submission and quality verification to usage metering and royalty distribution. When a contributor's data asset is accessed, royalties are automatically routed back to the original creator without any intermediary.
Data quality is maintained through a combination of AI-driven checks, community validation, and economic incentives that reward accurate, high-value contributions.
Tokenomics
XNY is the protocol's core utility and governance asset. It serves three primary functions:
- Incentives: Rewards contributors who provide verified, high-quality data.
- Payments: Used to purchase access to data assets on the marketplace.
- Governance: Holders vote on protocol upgrades and resource allocation.
XNY also supports staking for quality assurance, tying token holders' skin in the game to data integrity. The distribution model uses tiered unlock schedules with cliff periods and linear vesting for long-term stakeholders. The community receives the largest allocation, reflecting their central role in value creation.
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Circulating supply
| 2.19 billion XNY |
|---|---|
| |
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Total supply
| 10.00 billion XNY |
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Max supply
| -- XNY |
Ecosystem & Use Cases
Codatta targets the AI and Big Data sectors, acting as a permissionless marketplace connecting data creators directly with AI developers and researchers. Key use cases include:
- Tokenizing labeled datasets and domain expertise into tradable on-chain assets.
- Enabling AI companies to source verified, high-quality 'frontier data.'
- Providing creators with automated, ongoing royalty income from their intellectual contributions.
Team, Governance & Community
Codatta's growth team is led by Justin T S as Head of Growth. Governance is managed through the XNY token, giving holders direct influence over protocol decisions, upgrades, and treasury allocation. The project maintains an active community presence via social media and a regular blog.
Advantages
- Perpetual royalties reward data creators fairly and automatically via smart contracts.
- Hybrid on-chain/off-chain architecture balances transparency with privacy and scalability.
- Cross-chain interoperability via Chainlink CCIP extends reach beyond BNB Chain.
- Strong backing from OKX Ventures and Alibaba Cloud adds credibility and infrastructure depth.
- Community-first tokenomics with the largest allocation directed to ecosystem participants.
Risks & Challenges
- Market competition: Numerous AI data and DePIN projects compete for the same niche.
- Data quality assurance: Maintaining rigorous standards at scale is technically and operationally complex.
- Adoption dependency: Protocol value depends on attracting both data contributors and AI consumer demand simultaneously.
- Regulatory uncertainty: Data ownership and AI-related regulations are evolving globally and may impact operations.
Long-Term Vision
Codatta aims to become the foundational data layer for the AI economy — a neutral, decentralized marketplace where human knowledge is fairly valued and continuously rewarded. With planned expansion to Ethereum and Avalanche, the protocol is working toward true multi-chain nativity, ensuring that verified data assets are composable and accessible across the broader Web3 ecosystem.
Frequently Asked Questions
- What is Codatta XNY?
Codatta (XNY) is a decentralized data infrastructure protocol that lets users tokenize their knowledge and datasets into on-chain digital assets. Contributors earn perpetual royalties automatically each time their data is accessed by AI developers or other consumers.
- What blockchain does XNY run on?
XNY is a BEP-20 token deployed on BNB Smart Chain, chosen for its low transaction costs and fast speeds. The project also uses Chainlink CCIP to bridge XNY between BNB Chain and Coinbase's Base network.
- What is XNY used for?
XNY serves three main roles: incentivizing quality data contributions, facilitating payments for data access on the marketplace, and enabling governance votes on protocol upgrades and resource allocation. It also supports staking for quality assurance.
- How does Codatta ensure data quality?
Data quality is maintained through a combination of AI-driven verification checks, community validation, and economic incentives that reward accurate and high-value contributions. Contributors who provide poor-quality data risk losing staked tokens.
- Who backs Codatta?
Codatta has received investment from OKX Ventures and has a key infrastructure partnership with Alibaba Cloud. These relationships support both the project's credibility and its technical operations.
- How does the royalty model work?
When a data asset created by a contributor is accessed, smart contracts automatically calculate usage and route royalty payments back to the original creator. This process requires no intermediary and runs continuously as long as the data is in demand.
- What is 'frontier data' in the context of Codatta?
Frontier data refers to high-quality, domain-specific information that is especially valuable for training advanced AI models. Codatta focuses on curating and incentivizing this type of specialized data rather than generic or low-value datasets.
- Is Codatta planning to expand beyond BNB Chain?
Yes. Codatta is working toward multi-chain expansion with planned deployments on Ethereum and Avalanche. This will make XNY data assets composable and accessible across multiple blockchain ecosystems.