Ocean Protocol Price

About the coin

Ocean Protocol is an ecosystem designed to facilitate the sharing of data and associated services. It provides a tokenized service layer that exposes data, storage, compute, and algorithms for consumption. The protocol ensures availability and integrity through deterministic proofs, serving as verifiable service agreements. Ocean Protocol is particularly focused on unlocking data for AI applications, using blockchain technology to enable safe, secure, and transparent data sharing and selling.

Main features

Ocean Protocol's ecosystem is composed of data assets and services, where assets are represented by data and algorithms, and services are represented by integration, processing, and persistence mechanisms. The protocol facilitates discovery by storing and promoting metadata, linking assets and services, and providing a licensing framework with toolsets for pricing. It allows multiple data marketplaces to connect, providing 'last mile' services to link data providers and consumers. Importantly, data owners retain control over their datasets and are not locked into any single marketplace.

How it works

Ocean Protocol operates on the Ethereum network and includes mechanisms for staking on services to signal quality, reputation, and to guard against Sybil attacks. The protocol's design ensures that data owners maintain control over their data, allowing them to share and sell it in a secure manner. Ocean Protocol's infrastructure supports the discovery and promotion of metadata, linking assets and services, and providing a comprehensive licensing framework.