Ocean Protocol - It's all about the data

Ocean Protocol (OCEAN)

What is Ocean Protocol?

Ocean Protocol is a decentralized project that creates a marketplace for data. It is aimed at researchers, companies, and startups looking for information to advance their works. Ocean Protocol is looking to unlock the value of data.

Why does Ocean Protocol have value?

The traditional data market is heavily centralized, and the people who research and compile the information have little benefit when the data is shared or sold. Ocean Protocol allows them to have greater control over their work, and to see additional benefits (both financial and through network growth), and lets users access this information in a new way.

What are the benefits of Ocean Protocol?

●       Data analysts and creators can market their datasets in a P2P market.

●       Users can provide liquidity to specific data markets and earn rewards on transactions made from it.

What are the disadvantages of Ocean Protocol?

●       It only runs on Ethereum so dApps outside of Ethereum can’t access it.

●       Ethereum congestion hinders its performance a.

What are OCEAN’s tokenomics?

The maximum amount of OCEAN is 1.41 billion. 20% was distributed among the founders; 15% was sold in a token sale; 5% was allocated to the Ocean Protocol Foundation; and 60% will be gradually distributed among node operators.

Who founded Ocean Protocol?

Bruce Pon, Cristina Pon, Trent McConaghy, and Razvan Olteanu.

Who are Ocean Protocol’s investors?

Ocean Protocol has conducted five funding rounds. Its main investors are Kosmos Ventures, IOSG Ventures, Fabric Ventures, Outlier Ventures, Zeroth.AI, Visary Capital, Nodex Capital, Bamboo Sea Ventures, Julian Sarokin, and George Burke.

Concise Crypto Grade:

B  : Ocean Protocol is changing the way businesses, individuals, and economies grant access to, and use data. From AI projects to consumer startups, to the next mega-market video game, data is essential for success. Ocean Protocol has found a way to protect user data, provide individuals and organizations an incentive for providing data, and has made it very easy and efficient to access that data. As Web 3 and the future of crypto evolves Ocean Protocol will play an important part in the evolution.

Where can I buy OCEAN?

Binance, Kraken, Bithumb, Crypto.com, KuCoin, Gate.io.

What ecosystem does Ocean Protocol run on?

Ethereum