Codata Raises $2.5 Million in Seed Funding to Advance Decentralized Data Protocol

Codata Raises $2.5 Million in Seed Funding to Advance Decentralized Data Protocol

Decentralized data protocol Codata has secured $2.5 million in a seed funding round led by OKX Ventures. Comma3 Ventures, Mask Network, Paramita Ventures, Web3port, and Pivo Partners also participated in the round. The funds will be used to enhance AI capabilities, develop developer tools, and build out decentralized technologies. "We're excited to have the support of such a strong group of investors as we continue to build Codata," said Codata CEO and co-founder Max Mutschler. "This funding will allow us to accelerate the development of our protocol and bring decentralized data solutions to a wider audience." Codata is a decentralized data protocol that enables developers to build secure, scalable, and efficient data-driven applications. The protocol provides a range of features, including data storage, data sharing, and data analytics. Codata's goal is to make it easier for developers to build decentralized applications and to create a more open and fair data ecosystem. "Codata is building the infrastructure for the next generation of decentralized applications," said OKX Ventures CEO Mingxiao Fan. "We're excited to support the team as they continue to develop their protocol and bring decentralized data solutions to the market." Codata is a team of experienced engineers and data scientists who are passionate about building decentralized technologies. The team has a proven track record of success, and they are committed to building a decentralized data protocol that is secure, scalable, and efficient.