Open Data Exchange (ODX), a Singapore-based decentralized data marketplace, raised more than $60m in commitments for its private token sale.
Early backers include Pantera Capital, BlockTower Capital, DNA Fund, Kenetic Capital, Andromeda, Hexa Labs, Wavemaker Genesis, Strong Ventures, Jonathan Finch (advisor to Liquid Telecom out of Africa), Randy Kaplan (serial entrepreneur and co-founder of Akamai), Alexander Shulgin (Russian Blockchain Godfather), Christian de Faria (VP Special Advisor Orange for Middle East and Africa) and Brock Pierce (early global blockchain thought leader and venture capitalist).
Led by Nix Nolledo, founder and chairman, ODX operates a decentralized data marketplace, where publishers and internet service providers (ISPs) can transact at scale to deliver free internet access to consumers in emerging markets. Leveraging blockchain technology, ODX creates a network of trust, generating an open ecosystem.
Its parent company is Xurpas Inc., the largest consumer tech company in the Philippines. With more than 900 employees across offices in Southeast Asia, Xurpas has already built a vast network of business relationships, which will be leveraged to accelerate the growth and expansion of ODX.