Ocean Protocol

Halal Rating :
Comfortable
Last Price $0.35 Last updated:
Rank 3654
1D Change 2.72 %
Market Cap -
Circulating supply 0
Maximum supply 1,410,000,000

Crypto Overview

Categories
  • Platform
  • AI & Big Data
  • Distributed Computing
  • DeFi
  • Filesharing
  • DAO
  • Ethereum Ecosystem
  • Substrate
  • Storage
  • DCG Portfolio
  • Fabric Ventures Portfolio
  • Polygon Ecosystem
  • Web3
  • Injective Ecosystem
  • Generative AI
  • DePIN
  • Sora Ecosystem

Purpose and Utility

Ocean Protocol is a decentralized data exchange protocol that enables the sharing and monetization of data while preserving privacy and control. It aims to create a new data economy by allowing data providers to securely share and monetize their data assets, while data consumers can discover and purchase access to these datasets.

Business Model

The OCEAN token serves multiple purposes within the ecosystem: It's used for staking in data marketplaces, as a medium of exchange for data services, and for participation in governance. The protocol facilitates the exchange of real value (data) between parties, making it fundamentally different from zero-sum gambling activities.

Real-World Adoption

Ocean Protocol has established partnerships with various organizations and enterprises, including Daimler AG, Microsoft, and Singapore's AI company Aicadium. The protocol is actively used in real-world applications, particularly in scientific research and enterprise data sharing.

Platform Development

The project maintains active development with regular updates to its core protocol and tools. The GitHub repository shows consistent contributions, and the team regularly publishes technical updates and improvements to the protocol's functionality.

Token Distribution

Ocean Protocol's token distribution includes vesting periods for team members and early investors, with transparent allocation metrics. The project maintains a balanced distribution model that aligns long-term incentives between developers, users, and token holders.

Technology and Revenue Model

The protocol's revenue model is based on facilitating legitimate data exchange and marketplace operations, not on interest-bearing activities or prohibited industries. The staking mechanism is used for curating data quality rather than generating interest.

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