What does it do?
According to the Ocean Protocol whitepaper;
“Ocean Protocol is an on-ramp for data services into crypto ecosystems, using datatokens. Each datatoken is a fungible ERC20 token to access a given data service. Ocean smart contracts and libraries make it easy to publish data services (deploy and mint datatokens) and consume data services (spend datatokens).”
Furthermore Ocean has created the Ocean marketplace;
“Ocean Market is an open-source community marketplace for data. It supports automatic determination of price using an “automated market maker” (AMM). Each datatoken has its own AMM pool, deployed in a gas-efficient manner. Anyone can add liquidity, aka stake (equivalent in AMMs).”
In summary, according to the Ocean website;
“Ocean makes it easy to publish data services (deploy and mint ERC20 datatokens), and to consume data services (spend datatokens). Cryptowallets, exchanges, and DAOs become *data* wallets, eachanges and DAOs.”
Where does OCEAN come into it?
Per the Ocean website;
“The OCEAN utility token is used to stake on data, govern community funding, and buy & sell data. Its supply is disbursed over time to drive near-term growth and long-term sustainability. OCEAN is designed to increase with a rise in usage volume.”
Ocean Protocol Ecosystem/Partners
Ocean has a growing ecosystem with many partners and member of contributing to their web3 ecosystem. Most notable include:
At the time of writing OCEAN is ranked 60th by market cap with a market cap of $230m.
Where can I buy it?
The highest volume exchanges are:
Other exchanges include:
Where can I learn more or join the OCEAN community?
In-depth review/guide & Ocean v3.0: