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Ocean Protocol is a decentralized platform for data exchange and monetization. It allows users, companies, and developers to securely publish, sell, and purchase data while retaining control over its use and confidentiality. The main idea is to create an open data market where owners can share information and buyers can access high-quality data for analytics, research, or development.The platform uses blockchain to ensure transparency and security of transactions. Data is tokenized in the form of data tokens, which represent the right to access specific data sets. Smart contracts manage access conditions, prices, and usage rights. This allows, for example, data to be provided only for a specific period of time or for specific purposes.Ocean Protocol supports integration with various blockchains, including Ethereum, Polygon, and others. The platform provides tools for developers, such as libraries and APIs, to create applications for working with data. The main OCEAN token is used to pay for services, manage the platform, and incentivize ecosystem participants.The project is focused on use cases in AI, scientific research, finance, and healthcare, where access to high-quality data is critical. Ocean Protocol aims to make data accessible while preserving the rights of owners and minimizing the risk of leaks.

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Founding Team

Ocean is an ecosystem for the data economy with a tokenized service layer that securely exposes data, storage, compute, and algorithms for consumption.&nbsp;<ul><li>Prior to Ocean, the team shipped widely-used blockchain data protocols like Interplanetary Database and BigchainDB.</li><li>Ocean has signed collaboration or trial agreements with companies like Johnson &amp; Johnson, Roche, Unilever.</li><li>They previously raised $24.5M from investors like Digital Currency Group and Fabric Ventures and are raising up to $8M in their CoinList round.</li></ul>

Ocean Protocol

Ocean Protocol is a decentralized data exchange protocol that lets people share and monetize data.

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Ocean ProtocolOCEAN

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