What does XYO do?
XYO (CRYPTO:XYO) is a decentralized geospatial data network that securely collects and verifies geospatial data, utilizing the XYO token as its native currency on the Ethereum blockchain.
Operated by XYO Inc., headquartered in Mountain View, California, with a 100+ employee team, and investments from notable backers including Coinbase Ventures, Binance Labs, and Sequoia Capital.
Projects in development include XYO World for earning geospatial data rewards, XYO Bridge connecting XYO Network to other blockchains like Polygon and Avalanche, and XYO Sentinel, a hardware device for data collection.
The core objective of XYO is to establish a reliable and decentralized source of geospatial data, recognizing its growing importance in industries such as transportation, logistics, and supply chain management. They aim to make geospatial data more accessible and affordable for all.