About

XYO is a DePIN ecosystem of consumer software, developer tools, a decentralized network, and digital assets. XYO facilitates and incentivizes the aggregation, validation, and use of decentralized data.

Built around the XYO token, the XYO ecosystem accumulates and circulates data such that individual and organizational participants in the ecosystem retain control over their own dataand can be rewarded for the use of their data with the XYO token. Data use is incentivized by providing immutable, tamper-resistant, blockchain data for a wide variety of possible uses, including AI modeling, metaverse applications, and data analytics.

History

XYO was introduced in January of 2018 as a DePIN IoT project of its parent company, XY Labs, Inc. Subsequently the XYO Foundation was founded. XYO co-founders Arie Trouw and Markus Levin recognized a growing need for a trustless, decentralized location oracle. The XYO token (ERC-20) was released in March of the same year.

In February of 2022, XYO announced an expansion of its original concept, becoming capable of aggregating and analyzing a wide and flexible range of heuristic and digital data. No longer focussing exclusively on location and geospatial data allowed XYO to expand into broader Web3 markets using the core tenets of providing data sovereignty, provenance, and permanence.

Embracing tokenized RWA (real world assets), in 2022, XY Labs started tokenizing its stock and list it on an ATS (alternative trading system) called tZERO ATS.