$0.6123

Ocean (OCEAN) is a cryptocurrency associated with a platform designed to support secure and privacy-preserving data sharing. The project combines blockchain technology, decentralized networks, and cryptographic methods to enable data owners to maintain control over their information while facilitating its commercialization. The platform aims to create a data economy at the intersection of blockchain, data, and artificial intelligence, offering tools for building data marketplaces. The founding team has backgrounds in big data, blockchain, and AI, and the project is supported by a global network of advisors with expertise in these fields.

The platform allows individuals with valuable datasets to tokenize their data and list it on the Ocean Market, providing an additional income stream for publishers while giving researchers and analysts access to more reliable data. Firms can also use the platform's tools, such as React hooks and documentation, to launch their own data markets. OCEAN token holders can lock their tokens to earn VeOcean, which can be held for passive rewards or staked on datasets for active rewards. As of October 2023, the full OCEAN token supply is minted, with proceeds held in multisignature wallets overseen by a group that includes core team members, community members, and founders of other web3 projects.