Decentr & Ocean Protocol Form a Strategic Partnership
Decentr and Ocean Protocol are pleased to announce a strategic and technical partnership that will integrate Ocean Protocol into the Decentr ecosystem. The Ocean Market’s integration into the Decentr user layer will make Ocean’s ERC20 datatokens accessible and tradable via Decentr’s dEX.
By integrating the Ocean Market and datatokens with the Decentr dEx, users, consumers, and publishers of the respective ecosystems will be able to access a highly liquid data market to buy, sell and curate data in a seamless and frictionless manner.
Decentr’s dEx is a decentralised data exchange and combines a user’s PDV with the ability to buy and sell data created and collated via the Decentr browser. Users of the Denter dEx will be able to exchange data for fiat, or fiat for data, using the DEC token as an intermediary of exchange.
Ocean Market is an open data marketplace for the community, built on the foundation of datatokens. The Ocean Market directly leverages Balancer DEX technology for staking, automatic pricing of data, and data curation.
“We’re thrilled to see Decentr utilize datatokens, helping Ocean make datatokens a first-class citizen, which holds value on its own and mapped to other crypto tokens and assets. This collaboration will increase datatokens utility outside of Ocean Protocol and bring quality datasets into Ocean. This is a significant leap towards the vision of a new data economy,” says Ocean Growth Accelerator Manan Patel.
Decentr CTO, Nikita Anikeev says: “We’re excited to be integrating Oceans’ Web 3.0 Ocean-powered data market to make user data available easily and securely for sale to third-party data buyers via our native dEX. What is even cooler is that because Ocean is a data market working with third parties, the data that Ocean will acquire from Decentr will ultimately be used by AI and ML protocols employed by data buyers. We are excited to be able to contribute to the huge sets of data required to achieve better ML and AI models for the betterment of our partnership, users and society.”
About Ocean Protocol
Ocean Protocol is an on-ramp for data services into crypto ecosystems, using datatokens. Each datatoken is a fungible ERC20 token to access a given data service. Ocean smart contracts, Ocean libraries, and Ocean-powered front-ends make it easy to publish data services (deploy and mint datatokens) and consume data services (spend datatokens). Therefore Ocean provides decentralized access control.
Ocean contracts run on Ethereum MainNet. Ethereum composability enables crypto wallets as data wallets, crypto exchanges as data marketplaces, data DAOs as data co-ops, and more. Ocean Market is like a DEX tuned for data. It’s an open-source community marketplace for data that uses Ocean datatokens. Users can publish data, buy/sell data, consume data, and stake on data (curate). Each datatoken can have automatic price discovery via its own automated market maker (AMM) pool.
Ocean’s “Compute-to-Data” feature gives compute access to privately-held data, which never leaves the data owner’s premises. With it, Ocean Market enables the monetization of private data while preserving privacy.
Decentr is a foundational open source decentralised web browser and web3.0 solution that captures the value of secure user data and returns this value as payable, data-backed “currency” to the user. The DEC token is the building block of the entire Decentr Deconomy.
Decentr’s “data-as-value” paradigm means users see a correlated decrease in the cost of products and services bought online, via Decentr and their “dPay” system, while at the same providing superior APR’s on consumer crypto loans made via users dWallet and Decentr’s consumer crypto dLoan features.