<article>Blockchain-based data marketplace <a href="https://www.dealstreetasia.com/?s=ODX">ODX</a>, which targets to provide free internet access to emerging economies, has attracted $60 million in commitments from a global list of investors.</article>

Blockchain-based data marketplace <a href="https://www.dealstreetasia.com/?s=ODX">ODX</a>, which targets to provide free internet access to emerging economies, has attracted $60 million in commitments from a global list of investors.
In a statement, the Singapore-based ODX (Open Data Exchange) said its private token sale was joined by technology and blockchain space players, including Pantera Capital, BlockTower Capital, DNA Fund, Kenetic Capital of Hong Kong, Andromeda of Switzerland, Hexa Labs of Israel, Wavemaker Genesis, and others.
Established by the co-founder of <a href="https://www.dealstreetasia.com/?s=Xurpas%20Inc">Xurpas Inc</a>, the largest consumer tech company in the Philippines, ODX said it sets out to solve the most basic problem of all for consumers in emerging market &#8211; internet access &#8211; through its decentralized data marketplace.
With over 80 per cent of the world&#8217;s internet population living in emerging markets, free access to the internet is a significant problem, ODX said.
The startup said mobile data is the primary means of internet access for those in emerging markets but it is prohibitively expensive. DSL and cable availability is limited, and free public wifi is scarce, the company stressed.
“Free and fair access to the web is a fundamental human right,” said Scott Walker, co-founder of DNA Fund.
ODX’s coins give free internet access to consumers in emerging markets through sponsored data packages, the company said.
“Blockchain is a revolutionary technology, with extensive benefits to enterprises, government entities and private citizens alike. It provides the perfect framework for our platform, which brings together internet service providers and publishers from around the globe in ways that have never previously been possible,” said Nix Nolledo, founder and chairman of ODX Pte Ltd.
ODX is the first of several blockchain projects that Xurpas will launch this year.
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Blockchain-based data marketplace ODX's goal of providing free internet access to emerging economies has attracted $60 million in commitments from a global list of investors.

Data marketplace ODX raises $60m to bring free internet to emerging markets

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Data marketplace ODX raises $60m to bring free internet to emerging markets

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