XYO Network XYO live coin price, charts, markets & liquidity
Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 962 exchanges. XYO, or the XY Oracle, is a network focused on combining geospatial location tracking and blockchain data. For example, if two XYO users with smartphones connected to the network pass by each other, the XY Oracle records that data and stores it on a ledger. Nodes record these interactions, which users can then encrypt and bridge to whatever other network they might wish to use the data for.
XYO Price Predictions Heat Up as XYO Posts New All-Time High
Anonymous data submitted this way is then permanently and immutably made part of XYO’s decentralized data network, and the user may opt out from submitting further data at xy oracle price any time. XYO and third party developers can then tap into that data using XYO’s suite of software and tools, including SDKs, documentation, and APIs.Transactions to receive data are paid in XYO tokens, maintaining the economic cycle within the system. XYO is the ERC-20 utility token for XY Oracle Network, used to calculate smart contract agreements for the XYO Protocol.
- As a decentralized currency, free from government or financial institution control, XY Oracle is definitely an alternative to traditional fiat currencies.
- Potential use cases for XYO include enabling decentralized data for AI, metaverse applications, and data analytics, helping organizations derive insights from complex datasets for decision-making.
- SoftBank said it would acquire Oracle-backed chip design startup Ampere for $6.5 billion.
- XYO serves as an enabler of DePIN-derived, sovereign data for AI, metaverse, and a wide range of data analytics applications, fostering collaborative ecosystems where participants willingly contribute data and receive compensation.
Who created XYO?
XYO serves as an enabler of DePIN-derived, sovereign data for AI, metaverse, and a wide range of data analytics applications, fostering collaborative ecosystems where participants willingly contribute data and receive compensation. Its aggregation and analytics capabilitiesextend across diverse domains, empowering organizations to derive meaningful insights from complex datasets for informed decision-making. XYO is a DePIN ecosystem of consumer software, developer tools, a decentralized network, and digital assets. XYO facilitates and incentivizes the aggregation, validation, and use of decentralized data.
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Contributor Chris MacDonald noted yesterday, the XYO token saw a rise of over 50%. Reward amounts will be determined based on the type and relevance of the information provided.
XYO is an Internet of Things (IoT) blockchain technology company, using a network of devices to anonymously collect and validate geospacial data or data with a geographic component. Validity of geospacial data is a key part of the network protocol, and a major benefit offered by XYO network. Bridge nodes detect, confirm and attach signatures to bound witness interactions between Sentinal nodes, sending signed interactions to Archivist nodes. Archivists store and encrypt this data, which may be accessed by Diviner nodes to serve user queries for location event data.
XY Oracle (XYO) is a decentralized digital currency leveraging blockchain technology for secure transactions. The company said fiscal fourth-quarter revenue from cloud services and license support totaled $11.7 billion, topping the $11.59 billion consensus from analysts polled by StreetAccount. Cloud and on-premises license revenue of $2.01 billion was above StreetAccount’s $1.82 billion consensus.
In the past 24 hours, the price of XY Oracle (XYO) has experienced a +0.1% change, with a trading volume of $129.28M. Chinese online retailer Temu is moving infrastructure to Oracle’s cloud, said Larry Ellison, Oracle’s co-founder and technology chief. Recently Oracle received an order from an unnamed client for all available cloud capacity, he said. Revenue increased 11% year over year during the fiscal fourth quarter, which ended on May 31, according to a statement. Net income rose to $3.43 billion, or $1.19 per share, from $3.14 billion, or $1.11 per share, in the same quarter last year.
XYO Network Live Price Data
XYO is a decentralized ecosystem focused on data sovereignty and incentivizing data collection and validation. It combines consumer software, developer tools, a decentralized network, and digital assets, all built around the XYO token. This data is used for various applications, including AI, metaverse, and data analytics. Potential use cases for XYO include enabling decentralized data for AI, metaverse applications, and data analytics, helping organizations derive insights from complex datasets for decision-making. It can also inform urban planning, environmental monitoring, and localized human mobilization.XYO was created by XY Labs, Inc., and was introduced in January 2018 by co-founders Arie Trouw and Markus Levin. The XYO token was launched in March 2018, and the ecosystem expanded in 2022 to handle a broader range of data types.
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He mainly covers digital assets and tech stocks, with a focus on crypto regulation and DeFi. During the quarter, Oracle announced a partnership with Cleveland Clinic and G42, the United Arab Emirates’ artificial intelligence holding company, on an AI delivery platform for health care. SoftBank said it would acquire Oracle-backed chip design startup Ampere for $6.5 billion.
This series of consecutive double-digit gains is helping to inflate the value of the token to a new all-time high. Indeed, the early morning hours saw the token reach its highest ever price of about 8 cents. Since then, it is leveling out at about 6 cents, which presents a wonderful buying opportunity for XYO bulls. In the past 24 hours, the price of XY Oracle (XYO) has experienced a 0% change, with a trading volume of $18,649.5. Keep an eye on XY Oracle’s price on CoinScan to optimize your trading strategies.
- It combines consumer software, developer tools, a decentralized network, and digital assets, all built around the XYO token.
- The company called for $1.46 to $1.50 in adjusted earnings per share for the fiscal first quarter, with revenue growth in the range of 12% to 14%.
- XYO, or the XY Oracle, is a network focused on combining geospatial location tracking and blockchain data.
- Nodes record these interactions, which users can then encrypt and bridge to whatever other network they might wish to use the data for.
Cloud infrastructure revenue should increase more than 70% in the 2026 fiscal year, up from growth of 52% in the quarter, CEO Safra Catz said on a conference call with analysts. She called for more than $67 billion in fiscal 2026 revenue, compared with the LSEG consensus of $65.18 billion. The company called for $1.46 to $1.50 in adjusted earnings per share for the fiscal first quarter, with revenue growth in the range of 12% to 14%. Analysts surveyed by LSEG had expected $1.48 in earnings per share and $14.96 billion in revenue, which implies 12.4% growth. Oracle shares rose about 8% in extended trading on Wednesday after the software maker reported results that exceeded Wall Street estimates and signaled that cloud growth will accelerate. Brenden Rearick is a Financial News Writer for InvestorPlace’s Today’s Market team.
Data use is incentivized by providing immutable, tamper-resistant, blockchain data for a wide variety of possible uses, including AI modeling, metaverse applications, and data analytics. As a decentralized currency, free from government or financial institution control, XY Oracle is definitely an alternative to traditional fiat currencies. However, investing, trading or buying XY Oracle involves complexity and volatility. XYO works by incentivizing users to participate in data submission and collection through various means, including the accumulation of digital assets like the XYO token and a variety of services provided by XYO.