What is Ocean Protocol?

Ocean Protocol is a decentralized data exchange platform that enables secure data sharing, monetization, and AI-driven analytics while maintaining data privacy. Launched in 2018, Ocean Protocol provides a marketplace for individuals, businesses, and AI developers to buy and sell data securely.

Ocean Protocol's native token, OCEAN, is used for governance, staking, and data transactions within the ecosystem.

How is Ocean Protocol useful?

Ocean Protocol enhances data accessibility and monetization by allowing users to share, trade, and access valuable datasets without sacrificing privacy. It enables decentralized data marketplaces, where data providers can tokenize datasets as NFTs or ERC-20 tokens and sell them directly.

Ocean Protocol is widely used in AI development, research, and DeFi analytics, fostering an open and equitable data economy. The OCEAN token is used for staking on data assets, governance participation, and rewarding network contributors.

How does Ocean Protocol work?

Ocean Protocol uses smart contracts and decentralized storage to facilitate trustless data transactions. Data providers publish datasets as NFTs or data tokens, allowing buyers to purchase access while keeping ownership and privacy intact. Ocean Protocol's Compute-to-Data feature enables AI developers to train models on private datasets without exposing sensitive data.

The OCEAN token is used for transaction fees, liquidity incentives, and decentralized governance, ensuring a sustainable and secure data-sharing ecosystem.

Ocean Protocol milestones

• Launch of Decentralized Data Marketplaces: Enabled tokenized data trading with privacy controls.

• Introduction of Compute-to-Data: Allowed AI model training on private datasets without direct access.

• Integration with DeFi and NFTs: Expanded use cases for data monetization and AI-driven financial insights.

• Staking and Governance via OCEAN Token: Empowered users to influence protocol upgrades and policies.

• Enterprise and Research Partnerships: Collaborated with major organizations to advance decentralized data ecosystems.

Ocean Protocol continues to revolutionize data sharing and monetization, offering a secure, privacy-preserving framework for AI, research, and decentralized applications.

Buy Ocean Protocol (OCEAN) on BITmarkets.