What is Ocean Protocol (OCEAN)?

Ocean Protocol – OCEAN

Why do we have such little control over OUR data, who profits from it and how much is it worth?

Most importantly, how do we take back control?

This is a Project Review on OCEAN.






What is Ocean protocol (OCEAN)?

Why do we have such little control over OUR data, who profits from it and how much is it worth?

Most importantly, how do we take back control?

Let’s face it, without decentralisation we will never be able to own and control our data. That’s why Ocean Protocol is tackling this issue by enabling data to an asset class which can be monetised by both businesses and users!

Ocean Protocol was first launched in 2017 by Bruce Pon and Trent McConaghy and later in 2018 held an Initial Coin Offering (ICO) which gathered over $20M in funding. The Ocean mission is simple, give the people power over their data, just like it should be.

How does it all work?

Well Ocean Protocol allows for owners/publishers of data to access the Ocean Marketplace where data can be monetised. For data consumers, they can enter the marketplace to buy private data which can also be monetised.

All the data that owners publish on the Ocean Marketplace will be converted into $OCEAN, the native token which powers the entire platform. Whereas, users will use $OCEAN tokens to access data. You’re probably thinking, who needs this data?

AI. That’s right. Those who offer AI services would benefit from accessing data that would not usually be accessible. AI services would be able to utilise the data to offer a more efficient and powerful service. Businesses would also greatly benefit from the accessible data.

How about the average user? Well, lucky for us we can buy/sell data, aka datatokens ($OCEAN). Users are able to monetise all the data they own, without compromising any privacy. The Ocean Protocol has created a great way for users to earn passive income, from their own data.

$OCEAN Token

$OCEAN beyond being the primary source of exchange (buying/selling) can also be used to participate in liquidity pools, but most importantly used to stake on data, allowing for extra yield and curation power. The longer you lock and stake, the more you earn!

Currently, the $OCEAN token has a circulating supply of over 434M and a total supply of 1.41B. You may be thinking, that’s a lot that isn’t on the market. Well, the #OceanProtocol designed the supply to be disbursed over a long period of time.

The circulating supply will only increase when the usage volume rises. This creates long-term sustainability and will take many years for the total supply to be in circulation. The $OCEAN of data grows by the day, but maybe not as fast as AI…


At the time of writing, $OCEAN is sitting at a price of $0.38, ranked #143 on @CoinMarketCap and has a market cap of $237M! The $OCEAN token once peaked at an all-time high of $1.94 and reached a market cap of over $765M!


Ocean Protocol Website – https://oceanprotocol.com/

Ocean Protocol Twitter – @OceanProtocol




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