Ocean Protocol: A Revolutionary New Asset Class That Can Change Your Life
Welcome back, everyone! In this article, we’re going to introduce you to Ocean Protocol, a new asset class that could potentially change your life. Before we dive in, we want to give a disclaimer: we are not financial advisors, and this article is for educational purposes only. The information provided is our opinion, and we share it to bring this opportunity to your attention.
What is Ocean Protocol?
Ocean Protocol is a platform that provides tools to unlock data at a large scale. It is a world economic Forum technology Pioneer and has been featured in prestigious media outlets such as BBC, Forbes, and New York Times.
The Learn section of the Ocean Protocol website offers four main areas:
NFTs and Native Tokens
Ocean Market
Be Ocean
Data Farming and Data Challenges
The Ocean Protocol offers an innovative way of publishing data services on ERC 721 data NFTs and ERC20 data tokens. By holding one token, you can access one or more types of tokens and access the corresponding data services. To access the dataset, all you need to do is send 1.0 data tokens to the data provider.
The Ocean Market allows data publishers to go through Ocean to reach data consumers, and it offers a private way to buy and sell data while preserving privacy. The most valuable data is private data, but concerns over privacy and control make it hard to access. Owners can approve AI algorithms to run their data, and Computer Data orchestrates remote computation and execution on data to train AI models while preserving the privacy of the data.
Be Ocean is a staking platform that incentivizes people to hold Ocean tokens for the long term. By locking Ocean tokens and curating quality data, users can earn staking rewards.
Data Farming and Data Challenges provide an opportunity to farm data, solve problems, and earn rewards by participating in data challenges.
Ocean Protocol Roadmap
The Ocean Protocol roadmap provides a comprehensive overview of the milestones and achievements that the project has made since its inception in November 2017. The roadmap showcases the project’s continuous improvement and growth, culminating in Waterfall 22 and beyond.
Conclusion
Ocean Protocol is a revolutionary new asset class that offers a private and secure way to access valuable data. With its innovative tools, data farming opportunities, and staking rewards, Ocean Protocol is a platform worth exploring. However, we strongly advise doing your research and consulting with a financial advisor before investing.
