OKX Ventures announced the lead investment in codatta, a decentralized foundational data protocol built for developers

ChainCatcher news, OKX Ventures announced a lead investment in codatta, a decentralized foundational data protocol built for developers. codatta is the first decentralized data protocol aimed at building foundational data infrastructure, accompanied by scientific confidence, designed to serve developers and protocols. The goal of codatta is to enable Web3 users to monetize their data and contribute to building public data without compromising privacy. It boasts a vast network of data contributors that enhances data confidence through AI-verified evidence, multi-party cross-referencing, and staked confidence. Developers can create machine learning model-driven Web3 native applications in areas such as crime prevention networks, on-chain advertising, a universal recommendation system layer across DApps, and credit-based lending products.

Dora, the founder of OKX Ventures, stated, "Codatta is leading a technological innovation and collaborative transformation in blockchain metadata collaboration using AI, making complex transaction analysis, trend analysis, and DeFi project research more efficient. By capturing annotated data and protecting on-chain address privacy, Codatta is setting new standards. The scalability of the protocol allows for a continuously growing data scope, unlocking an increasing number of Web3 native applications. Combined with economic mechanisms, AI verification, and manual validation, Codatta ensures high-quality data. Since the launch of the Beta test in April 2024, Codatta has attracted millions of user-contributed address annotations, further enriching its existing dataset of 500 million labeled addresses. We believe it has the potential to become the platform where developers seek critical data and redevelop it."