Both partners will invest up to $10M in equities and tokens building around the XYO ecosystem, totaling up to $20M

XYO, a tech startup creating location-data software and devices to empower users to participate in the worldwide digital economy, is pleased to announce a strategic co-investment 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.

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“The growth in popularity of geospatial data is showing no signs of slowing down, and XYO and XY Labs are committed to continuing to build out this necessary infrastructure to further develop our ecosystem”

Founded in 2018, XYO Network is the world’s first 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.

This partnership will fuel the growth of companies utilizing the XYO Network, as long as the investment target is approved to be creating values and a positive impact on the XYO ecosystem. Use cases for expanding the XYO ecosystem include bank verifying identity, location verified reviews and custody of supply chains.

“The growth in popularity of geospatial data is showing no signs of slowing down, and XYO and XY Labs are committed to continuing to build out this necessary infrastructure to further develop our ecosystem,” said Markus Levin, Co-Founder, XYO. “Our work with Outliers Fund will leverage their top-notch research and venture experience, enabling companies building on XYO to continue paving the future of geospatial blockchain projects. It’s an exciting time to be at the forefront of this technology.”

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 records have turned its community into a venture accelerator, backing the outliers that drive the future.

“We are thrilled to be partnering with XYO and XY Labs on this endeavor to bring more geospatial projects to life,” said Poseidon Ho, Co-Founder of Outliers Fund. “This investment partnership is monumental and signals the tangible need for XYO’s mission – to create a trustless system of location oracles that can improve our current location data systems we use today.”

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