Publishing a dataset amounts to an Initial Data Offering (IDO). It can be data that the user has rights to, or open data with value-added.
Upon publishing a dataset, it becomes a data asset with its own ERC20 datatoken.
The publisher can set a fixed price, or let price be auto-discovered. Ocean Market supports the latter with an Automated Market Maker (AMM) powered by Balancer, deployed in a gas-efficient manner.
Anyone can stake OCEAN in a datatoken AMM pool. Stakers are liquidity providers [ref]. Stakers are also curators, as the amount of stake is a proxy to dataset quality.
Earn by staking, selling data, or building & launching your own marketplace. Stakers earn a cut of the transaction fee proportional to their stake. Sellers get the bulk of sales revenue when a dataset is sold. Running a marketplace takes a % of every dataset sold in the marketplace. Here are details.
Automated price discovery. A given data asset's AMM pool holds both OCEAN and the datatoken as liquidity. Price is based on the ratio of OCEAN tokens versus datatokens in the pool. If datatokens are sold, then more OCEAN enters and datatokens leave, so datatoken price goes up. If more datatokens enter or OCEAN leaves, then datatoken price goes down.
Interoperability. Ocean-powered markets publish, buy, sell, and consume datatokens, which are ERC20. Therefore you can publish a datatoken in Ocean Market, store it in Metamask, transfer it to a DAO, and perform other DeFi operations.
Money legos x datatokens = data legos.
Privacy-preserving. Ocean Compute-to-Data allows private data to be bought & sold while preserving control and privacy of the data.
Universal login via your Web3 wallet. No further password or account management needed.
On-ramp and off-ramp for data assets into DeFi
Data Marketplaces with Blockchain Superpowers
Buy & Sell Private Data, While Preserving Privacy
- Data Science
More Data, Provenance, and Earning Opportunities
- New Fine-Grained Permissions
Fine-Grained Permissions Using Role-Based Access Control