XYO, a San Diego, CA-based tech startup creating location-data software and devices to empower users to participate in the worldwide digital economy, partnered with Outliers Fund, a collective of joint research initiatives and venture funds with top blockchain ecosystems, to develop and accelerate projects building in XYO Network.
XY Labs and Outliers Fund will each invest up to $10M in equities and tokens building around the XYO ecosystem, totaling up to $20M.
The investment amount and the investment returns will be calculated based on USD or stablecoins.
Founded in 2018, XYO Network is a blockchain geospatial oracle network backed with cryptography. XYO’s decentralized network of devices anonymously collects and validates data associated with geography, temperature, humidity, and even speed, among other components.
Originally a special interest group for SciFi-inspired research at Massachusetts Institute of Technology and Harvard University, Outliers has evolved into a collective of Outliers Fellowship, Outliers Lab, and Outliers Fund for scaling the impact of outliers — those who turn science fiction into scientific facts. Its collective research foundation, venture experience, and track record have turned its community into a venture accelerator, backing the outliers that drive the future.
FinSMEs
11/02/2022