XYO Announces $20 Million Ecosystem Fund In Partnership With Outliers Fund to Expand XYO Network, Oracles & Geospatial Blockchain Projects
XYO and Outliers Fund are partnering to create a strategic co-investment. This joint investment is collective to fund research initiatives helping to develop and accelerate projects built around the XYO Network and the Metaverse. Both companies have pledged $10M in equities and tokens equaling a 20 million dollar investment overall.
This joint ecosystem fund will help fuel the growth of companies and developers who utilize the XYO network as long as their projects create value and positively impact the XYO ecosystem.
“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. We encourage anyone who is interested in the fund, to please contact us. We’re really excited to see what ideas people have and to grow the XYO Ecosystem and Metaverse projects that connect physical and digital realities.”
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.
“We are thrilled to be partnering with XYO and XY Labs on this endeavor to bring more geospatial projects to life,” says 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.”
If you’re interested in applying for funding to build on the XYO network and expanding the capabilities of geospatial blockchain projects, please email partnerships@xyo.network.
