Ocean Protocol Spotlight
Dear POP! Town,
POP! is a project designed to empower and connect our diverse and ever-increasing ecosystem. As such, with the release of our latest milestone — Candy Farms, we’ve decided to provide a brief introduction to the various projects that have eagerly launched on POP! This will help our community learn about these unique and interesting projects.
Our next upcoming Candy Farm release is for Ocean protocol, and therefore, this article will provide a brief overview of the project.
Ocean Protocol — Unlocking the value of data
Ocean Protocol is an open-source protocol that aims to allow businesses and individuals to exchange and monetize data and data-based services.
Built on top of the Ethereum blockchain, the Ocean protocol uses ‘datatokens’ to gate access to data sets. The tokens are then redeemed by users who need access to the information.
Ocean is seeking to make the data sets on its platform available to startups and researchers, without the data having to leave the hands of those who store it.
Ocean’s software is built to facilitate this data exchange, linking users who need data or do not have resources to store it, with those who have resources to spare. In return for their work, providers are awarded OCEAN.
The OCEAN token is designed to be multipurpose and is used to validate the best datatokens and to allow users to both participate in governance and buy and sell data.
Further, Ocean enables marketplaces to implement its protocol to connect parties and facilitate transactions between them. For example, Ocean Market, created by the Ocean team, is a place where datatokens are publicly available for trade.
For more regular updates from the Ocean Protocol team, you can join their news channel Ocean Protocol News, which includes product details, new releases, and project integrations.
We would like to welcome Ocean Protocol into our growing ecosystem of partners, and we’re excited to see the performance of their Candy Farm! Stay tuned for the release announcement.
…and as always, keep it Poppin’
POP! is a platform that allows 2 projects to objectively display mutual trust and commitment to each other, by locking their respective tokens together and creating a trustless Mutual Liquidity Pool (MLP). In addition, it grants POP! users the opportunity to provide single-sided liquidity, in the form of their favourite token, by matching them with another POP! user and adding their joint liquidity into the MLP.
Powered by Faculty Group, POP! aims to set a new golden standard with regards to partnerships, and how they are perceived in the digital asset ecosystem.