On June 12th, OKX Ventures announced that it has led the investment in codatta, the first decentralized basic data protocol built for developers. Codatta is the first decentralized data protocol with the purpose of building an infrastructure and with a scientific confidence level, designed to serve developers and protocols. The goal of codatta is to enable users of Web3 to monetize data and contribute to building public data without compromising privacy. It has a large network of data contributors that can improve data confidence levels through AI-verified evidence, multi-party cross-referencing, and staking confidence levels. Developers can create Web3 native applications driven by machine learning models in areas such as crime prevention networks, on-chain advertising, common recommender system layers with cross-DApps, and credit-based lending products. Dora, founder of OKX Ventures, said, "Codatta is using AI to lead the technological innovation and collaborative transformation of blockchain metadata collaboration, 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 a new standard. The protocol's scalability allows for an ever-growing range of data, unlocking an increasing number of Web3 native applications. Combining economic mechanisms, AI validation and manual validation, Codatta ensures high-quality data. Since the launch of beta testing in April 2024, Codatta has attracted millions of address annotations contributed by users, further enriching its existing 500 million annotated address data. We believe it has the potential to be a platform for developers to find and re-develop critical data."