Article Summary, Automatically Generated By AI
About Ocean Protocol
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What is Ocean Protocol (OCEAN)?
- Utilizes blockchain technology, decentralized networks, and cryptographic techniques for secure and privacy-preserving data sharing.
- Aims to build a Data Economy that gives data owners control while preserving privacy.
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Founders of Ocean Protocol
- Combination of backgrounds in big data, blockchain, AI, and data exchanges.
- 35 advisors with expertise in AI, blockchain, big data, business, and policy.
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What makes Ocean Protocol unique?
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About Ocean Protocol: Unlocking the Power of Data
1) What is Ocean Protocol (OCEAN)?
Ocean Protocol leverages a synergy of blockchain technology, decentralized networks, and cryptographic techniques to facilitate secure and privacy-preserving data sharing. Our mission is to develop the tools and services necessary to establish a new Data Economy, empowering data owners while preserving privacy and catalyzing the commercialization of data, including data marketplaces. Founded at the intersection of blockchain, data, and AI, Ocean Protocol has pioneered several groundbreaking technologies, including the original patent for NFTs, token engineering, data tokens, and others. Learn more about our mission and values at
https://blog.oceanprotocol.com/mission-values-for-ocean-protocol-aba998e95b8
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2) Who Are the Visionaries Behind Ocean Protocol?
The founders bring together a unique blend of expertise in big data, blockchain, artificial intelligence, and data exchanges, complemented by a wealth of real-world business experience as entrepreneurs, designers, and technologists. Furthermore, our global network of over 35 esteemed advisors boasts recognized expertise in AI, blockchain, big data, business, and policy, carefully selected for their shared vision of harnessing data and AI for the betterment of society.
3) Q. What Sets Ocean Protocol Apart? Ocean Protocol revolutionizes data accessibility by empowering individuals with coveted datasets to tokenize and monetize their assets on the Ocean Market. This innovation generates an additional revenue stream for data publishers, while providing scientists, researchers, data analysts, and others with access to more reliable data. Furthermore, Ocean Protocol offers the necessary tools for companies to establish and launch their own data markets, either by forking the Ocean Protocol directly or by leveraging the supplied Ocean Protocol React hooks. Comprehensive documentation is also provided to facilitate this process. Additionally, holders of OCEAN tokens can lock their tokens at df.oceandao.org, earning VeOcean in the process. Subsequently, they can opt to receive passive rewards by holding VeOcean or engage in active staking, potentially selling datasets and earning rewards.
For further information, please refer to our comprehensive guide at
https://docs.oceanprotocol.com/user-guides/data-farming
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4) How Many Ocean Protocol (OCEAN) Coins Are in Circulation?
As of October 2023, the entirety of the OCEAN token supply will be minted, with the resulting proceeds being deposited into oceanDAO multisignature wallets, overseen by a diverse group of seven signatories. This collective comprises core Ocean team members, Ocean community representatives, and founders of other web3 projects, with the core team holding a minority stake among the signatories. For further information, please refer to
this link
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