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1. Project introduction
Ocean Protocol is a decentralized data trading platform. Its core goal is to solve the problem of user data circulation and value release.
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In the current network environment, large companies such as Google and Meta/Facebook are profitable by collecting user data, centralized analysis and advertising, while retaining all profits, while users cannot control their whereabouts of their data, not to mention through their own through their own own of their own own own of their own own own.Data is valuable.The emergence of Ocean Protocol aims to change this situation. By providing users with data ownership and realizing the value of data, DataDaos is possible, that is, the user data is truly owned by the user, and the user can make a profit from it.
Therefore, based on the Ethereum blockchain, Ocean Protocol has created its own market, connecting data consumers and providers, and allowing data providers to simply and effectively monetize their data through the tokenization of data sets and services.Users provide one -stop ecosystems to obtain valuable data.
At present, Ocean Protocol has issued its own native currency, Ocean.This tokens can be used for data pledge, community management, and purchase/sales of DATATOKEN.It inspires the growth of ecosystems by rewarding data providers and consumers.It is worth noting that Ocean tokens are a standard replacement ERC-20 Ethereum tokens.
2. Core mechanism
Ocean Protocol adopts unique and innovative data sharing and monetization methods, and uses blockchain technology to create a decentralized data market.Its core mechanism focuses on data consuming, decentralized markets, privacy and control mechanisms, and community governance.
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(1) Data Monthization
Ocean Protocol’s data tokenization is one of its core mechanisms, aiming to convert data into trading digital assets.这一过程通过创建 DataTokens 实现，它们是特定数据集的代表，使数据的拥有者能够在保护隐私的同时，将数据货币化和分享。
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The process of the tokenization of the data set
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Create DataTokens: Data providers can create their data set to the ERC-20s coins called Datatokens through Ocean Protocol.These tokens represent the right to access specific data sets.Each dataset has its unique DATATOKEN.
Data access control: The process of tokenization includes not only the generation tokens, but also the smart contract with the corresponding data set access permissions.This ensures that data access rights can be transferred to token holders in a safe and controllable manner.
Transaction and liquidity:DATATOKENS allows data owners to list and sell their data sets on Ocean Market.Token holders can trade these tokens on the market, or pledge Ocean token on a specific data set to provide liquidity.
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Data tokenization advantage
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Data monetization:Data token has allowed individuals and institutions to turn their data into a source of income, and directly profit from the data through sales data access rights.
Privacy protection:Ocean Protocol’s Compute-to-Data function allows processing and analysis of data without disclosure.This means that data providers can share their data without leaking sensitive information.
Market liquidity:通过在 Ocean Market 上质押 DataTokens 和 OCEAN 代币，可以为数据集提供流动性，促进数据交易，并为流动性提供者带来收益。
Decentralization governance: Ocean Protocol through its governance model, enabling community members to participate in the development and management of the agreement.The creation and use of Datatoken are jointly determined by the community, which increases the transparency and trust of the platform.
Open and scalability:Ocean Protocol 为数据提供者和消费者提供了一个开放且可扩展的生态系统，支持各种类型的数据服务和应用程序的开发。
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Way of operation
Data set release:Data providers first need to describe their datasets clearly and define the number of DATOTOKENS required to access the data set.
Pricing mechanism: Data provider can pricing for its Datatokens, or use Ocean Market’s automated market formulation mechanism (AMM) to dynamically adjust the price.
Data access:Consumers obtain data access by purchasing DataTokens.In some cases, the access right may have time limit, or limited to specific operations on data.
(2) Ocean Market (Ocean Market)
Ocean Market is the basic component of Ocean Protocol, which acts as a decentralized market for data providers and consumers.It uses blockchain technology to promote safe and efficient data exchange.
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The following is a detailed introduction to the operation method of Ocean Market and its specific characteristics:
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Listing and sales data
Data providers can list them by the data set to Datatoken to DATATOKEN on Ocean Market.These Datatoken represents the access of the underlying dataset.When the dataset is tokens, it actually becomes digital assets that can be purchased, sold or traded on Ocean Market.This process not only simplifies the monetization of data, but also ensures that data providers maintain their data control.
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Data access and consumption
Data consumers, such as developers, researchers, and enterprises, can browse Ocean Market to find data sets that meet their needs.Once they determine the relevant datasets, they can use token Ocean to buy related data tokens.Holding DATATOKEN allows them to access the dataset for consumption or analysis, depending on the terms set by the data provider.
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Price and automatic market merchants (AMM)
Ocean Market uses an automatic city merchant (AMM) model to promote Datatoken transactions.This model allows dynamic pricing based on supply and demand to ensure that the price of data is driven by the market.Data providers can choose to set a fixed price for its Datatoken, or can make the market decide the price through the AMM mechanism.This flexibility supports the efficient price discovery and liquidity of data assets.
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Calculate data
One of the main functions of Ocean Market is to calculate the data function, which allows analysis or processing data without leaving the security environment.This means that consumers can run the data running algorithm or calculation of the data accessed by Datatoken without exposing the original data.This function is essential to protect privacy and security, making Ocean Market attractive in processing sensitive or proprietary data.
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Pledge and liquidity supply
Users can pledge the Ocean token on a specific data set to provide liquidity.This liquidity is essential for promoting DataToken’s transactions in the market.As a return to their contribution, liquidity providers can get part of the transaction costs generated by Datatoken related to the data sets they support.This inspires the management and market liquidity of high -quality data sets.
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Governance and community participation
Ocean Market is managed by the Ocean Protocol community. Ocean token holders have a speech on the development and direction of the market.This decentralized governance model ensures that the market is developing in a way that meets user interests and needs.
In essence, Ocean Market aims to realize the democratization of data access, allowing data providers to monetize their assets in a safe environment, and allow data consumers to easily access various data sets.It integrates blockchain technology, dynamic pricing mechanisms, privacy protection functions, and community -driven governance, making it a key promoter of the Ocean Protocol ecosystem and decentralized data economy.
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(3) Privacy control
Ocean Protocol adopts an innovative method in terms of privacy control, especially through its Compute-to-DATA (calculated to data) function to ensure the privacy and security of data, and allows the effective use of data.Ocean Protocol’s privacy control mechanism not only emphasizes the protection of data, but also ensures that data owners have complete control over their data.The following is a detailed explanation of Ocean Protocol in terms of privacy control:
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Compute-to-data (calculated to data)
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Computer-TO-DATA is a core feature provided by Ocean Protocol. It allows data analysis and computing tasks while maintaining data privacy and places where data storage.This means that data consumers can analyze the data execution algorithm without moving the data into their own servers or other computing environments.How to work in this process:
The data is maintained:Through Computer-TO-DATA, the original data is retained in the security environment of data providers and is not directly exposed or transmitted to data consumers.
Analysis of privacy protection:Data consumers submit computing tasks to the environment where data is located.After the calculation is completed, the result is only returned to consumers, and the original data and their sensitive content will not be leaked.
Authorized control:Data providers can accurately control which users or entities can request calculations, and which type of analysis allowed to implement, so as to ensure that the use of data meets the wishes and regulations of data providers.
Ocean Protocol uses Compute-to-Data functions and data tokens, while protecting data privacy and ensuring data security, allowing effective use and monetization of data.This emphasis on privacy and control makes Ocean Protocol an ideal platform for processing sensitive data and promoting data -driven innovation.Through these mechanisms, Ocean Protocol has established a safe, transparent and reciprocal data exchange environment for data providers and consumers.
3. Ocean bin
Ocean tokens are native cryptocurrencies of the Ocean Protocol platform, playing multiple key roles, supporting the operation of the entire ecosystem.As a blockchain project aimed at solving data sharing and monetization issues, Ocean Protocol provides an incentive mechanism through the Ocean token, while promoting data transactions and governance on the platform.
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The following are the main uses and characteristics of the Ocean token:
Trading medium
Ocean token is used as a medium for data services and data set access rights on the OCEAN market.Data providers can use the tokens to create data (create DATATOKENS), and data consumers can use Ocean tokens to purchase these Datatokens to obtain the right to access data.
Govern
Ocean token holders participated in the governance process of OCEAN Protocol, including voting key updates, upgrades and policy changes on the platform.This decentralized governance model ensures that the development direction of Ocean Protocol can reflect the willingness and best interests of its community.
Pure and liquidity provides
In Ocean Protocol, the Ocean token can also be used for pledge, especially in the liquidity of the data market.Users can pledge the Ocean token into a specific data asset pool to support the liquidity of data assets.In this way, pledges can get rewards according to their pledge and related transaction costs.
Value storage and investment
Like many cryptocurrencies, Ocean tokens are also regarded as a value storage and investment tool.Investors purchase and hold Ocean tokens, partly because of their confidence in the future development potential of the Ocean Protocol project.
The role of the data market and ecosystem
By providing an economic incentive, Ocean tokens encourage data providers to share their data and enable data consumers to access these data in a feasible and economical manner.In addition, through pledge and governance, Ocean token inspired members of the community to participate in the maintenance and development of the ecosystem to ensure the health and activity of the platform.
Total Token Supply: 1,410,000,000, token allocation: team (Founding Team): 20%, Foundation: 51%, Acquirors: 24%, Internet reward(Network reward): 5%.
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As of now, the current price of OCEAN tokens is $ 1.20, an increase of 3.33%in the past month.Ocean’s market value is $ 679,479,935, ranking #130.The number of OCEAN in circulation was 568,381,103, accounting for 40.31%of the total supply.The market value of all Ocean tokens is estimated at $ 1,685,607,326 when all Ocean tokens circulate.
4. Team/financing situation
Ocean Protocol was founded in Singapore by two blockchain entrepreneurs Bruce Pon and Trent McConaghly in 2017.The core team is currently composed of 25 blockchain technology experts and entrepreneurs. They have carried out business around the world, but most of the team members are in Romania and Germany.
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In addition to dedicated to the special core team of the agreement, Ocean also has more than 20 external consultants who provide guidance for business partnerships and governance.These consultants are also distributed in many countries/regions, usually the chief executives, founders, or Class C -level functional departments of technology or analytical companies.
Since its establishment, Ocean Protocol has attracted a total of $ 28 million in venture capital (VC) in 5 rounds of financing.The latest round of financing is a $ 5 million seed risk investment on May 27, 2022.Investors include Blockchain Coinvestors, Caballeros Capital, Cogotent Ventures, Cypher Capital (Dubai), and Deep Ventures.
5. Future development analysis
Ocean Protocol’s future development prospects can be analyzed from several different perspectives: technological innovation, market positioning, ecosystem maturity, team capabilities, and financing and tokens economy.
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Technical innovation and market demand
Ocean Protocol proposed a unique data sharing and monetization model in technology.It solves the contradiction between privacy and availability in the modern data economy, especially in the context of rapid development of artificial intelligence and big data analysis.Compute-TO-Data function meets the provision of verified and computing market demand without sacrificing privacy, which is a key factor to promote future development.
Ecosystem and community
Ocean Protocol’s ecosystem is continuously developing, including multi -party participants from start -ups to large enterprises.The use of community governance models and OCEAN tokens inspire extensive community participation, which helps promote the long -term vitality and innovation of the platform.
Team and leader
Ocean Protocol’s team is composed of experienced entrepreneurs, blockchain technology experts and industry consultants. These team members have the ability to successfully promote the project from concept to implementation.The professionalism of the team and the success of the project so far are the strong support of its future development.
Financing and tokens
Ocean Protocol’s financing history shows strong market confidence in its vision and technology.Up to now, Ocean Protocol has raised funds through initial tokens issuance and subsequent financing rounds, which has provided financial support for its continuous technology development and market expansion.
Market performance
The performance of Ocean tokens in the market shows investors’ recognition of the future development potential of Ocean Protocol.The market value, circulation and transaction activities of tokens are important indicators to measure their market acceptance and investor emotions.
Future challenge
Although Ocean Protocol has shown huge potential in many aspects, future development also faces challenges, including:
Market competition: The data market competition is fierce, and Ocean Protocol needs to continue to innovate to maintain a leading position.
Scale: In order to achieve a wider range of adoption, Ocean Protocol needs to overcome technical scale and obstacles in user experience.
Regulatory compliance: The use and sharing of data requires compliance with changing privacy regulations and regulatory frameworks worldwide.
6. Conclusion
The future development of Ocean Protocol will depend on its ability to continue to promote technological innovation, expand its ecosystem, attract more users and partners, and its ability to adapt to the supervision environment and market changes.In view of its strong team background, clear vision and strategy, and preliminary market results that have been achieved, Ocean Protocol has the potential to become an important participant in the data economy field.However, its success will also depend on the external market environment, the continuity of technological innovation, and the activity and commitment of the community.
