Ocean Protocol (OCEAN)
Ocean Protocol (OCEAN) - a cryptocurrency based on secure, fast and private data sharing.
- Ocean Protocol (OCEAN) is a data protocol that enables secure data sharing, with a view to monetizing it.
- Its native currency, OCEAN, was initially created to have a medium of exchange within the platform. It uses blockchain technology to ensure data control.
- It was founded in 2017 by a team of experts in blockchain technology, artificial intelligence and finance, including Trent McConaghy, Bruce Pon and Chirdeep Singh.
Key Metrics Ocean Protocol (OCEAN)
Cap de Mercado
What is Ocean Protocol (OCEAN)?
Ocean Protocol is a decentralized data protocol that allows users to share and monetize data securely and privately. It uses blockchain technology to ensure user ownership and control of data and to create a decentralized data marketplace.
Ocean Protocol was founded in 2017 by a team of blockchain, artificial intelligence and finance technology experts, including Trent McConaghy, Bruce Pon and Chirdeep Singh.
Ocean Protocol's original goal was to create a platform that would allow users to share and monetize data securely and privately. Over the years, the team has worked on developing its technology and collaborated with various organizations and companies on the implementation of the platform, which is now at 80% full functionality.
In 2019, Ocean Protocol raised $6 million in a funding round led by Binance Labs, the investment arm of cryptocurrency exchange Binance. That same year, Ocean Protocol launched its mainnet and its OCEAN token was listed on several exchanges.
In 2020, Ocean Protocol partnered with Singapore's Ministry of Finance to launch a public-private partnership initiative aimed at developing innovative solutions for data management and monetization.
Ocean Protocol (OCEAN): What makes it different and why invest?
Ocean Protocol's native token is OCEAN, which is used as a medium of exchange within the Ocean ecosystem. Users can use OCEAN to access, buy and sell data, and reward data providers for their contributions to the network and platform.
In addition, Ocean Protocol also allows users to create and launch their own custom cryptocurrencies (called "data asset tokens") backed by real data. This allows users to monetize their data more efficiently and cost-effectively.
Ocean Protocol has a number of features and tools to ensure data security and privacy, including the use of advanced encryption technologies, data anonymization and data access control.
In terms of adoption and usage, Ocean Protocol has been adopted by various companies and organizations to improve their operations and gain revenue through data monetization. Examples include the Ocean Marketplace blockchain, which connects data suppliers and buyers, and the Ocean Academy platform, which provides educational resources on the protocol.
It is important to note that, like all cryptocurrencies, the value of OCEAN can be volatile and is subject to market fluctuations. This is because there is no visible burn policy within the platform.
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