What is OCEAN PROTOCOL? Web 3.0 Project Review
The project we will describe in this video is the footsteps of WEB 3.0. We will talk about technology and collaborations rather than issues such as coin price drop-out. Of course, we will leave the part of whether it is worth investing on you. We know that the world's most important market is data warehouses and one of its most important technologies is web 3.0. Let's examine together what is Ocean Protocol, which makes these two areas the focal point and which now actively collaborating with the giants of the industry such as Mercedes, Unilever and Shell..
As you know, the biggest source of income for companies that shape the course of our world is our personal data. When we look at it from the user's side, we know that big companies such as meta, google microsoft, which we think offer us free services, make a profit by selling data, and dominate the world with this profit. In fact, it is no longer a confidential information that they manipulated our feelings, thoughts and even our choices with the guidance made to us as a result of the analyzes made with these data.
Well, in recent years, it is thought that there is no way to prevent this data theft, the solution comes with web3.0. Let's see what Ocean Protocol will change in the data market.Ocean Protocol has written in the introduction of its website as the slogan of the project, that it is on its way to a new data economy in Web 3.0. It aims to make the decentralization, reliability and transparency created by Bitcoin financially in data sharing. Let's take a look at what Datatokens and DataNFTs are in smart contracts of Ocean Protocol, which says it is an egalitarian platform.
The tokens here are not tokens with financial equivalents as we know them. They are unique digital elements specific to users, created for those who want to receive and provide services on the system. We can also see it as a tool that connects blockchains and decentralized applications. With these datatokens, data markets can be established, data wallets can be created, and autonomous systems can be built "with only access control controls". We will talk about features autonomous systems again in a moment. An important aspect that distinguishes Ocean Protocol from the companies that we mentioned at the beginning of the video, which does not store data centrally and share it with anyone, is the part they call Ocean Market Place. Although it was first established on the ethereum blockchain in 2017, it also works with polygon, bsc, moonbeam networks and continues to expand its ecosystem. It has software that does not have accessibility problems, bridges chains and can update data instantly between chains. In the marketplace they have created, they share data equally and fairly by protecting confidentiality without the need for a center or trust. With this transparency, they have managed to work with their big companies, which we mentioned at the beginning of the video and much more. They cooperate with the Daimler Group, which also includes Mercedes Benz, with the blockchain- based autonomous vehicles formation MOBI, and with Zülkhe, one of the big companies in the field of healthcare services. These are collaborations outside the blockchain. Let's take a look at collaborations in the blockchain. The first ones that stand out are boson protocol, certik, chainlink, filecoin, polygon we already mentioned at the beginning, and much more. one of the notable is gaia-x. GAIA-X is a European initiative to provide a unified ecosystem of cloud services and data centers governed by EU data laws. In other words, ocean protocol is an important platform that wants to share data, both on an individual, corporate and government basis. We are used to seeing this type of partnership on paper, but one difference of Ocean Protocol is that it is very active on the field.
All departments of the team work hard. Recently, he had the opportunity to explain the Ocean Protocol technology and project at the "Binance Blockchain Week" organized by Certik. and now lets move to Ocean DAO and the community part. Projects in the Ocean Ecosystem can receive grants. The community is asked to receive investment support. Those who hold a certain amount of OCEAN tokens have voting rights. You may have heard this part in many projects. But we heard about the next system for the first time and it sounded very logical and fair. Once any voting starts, you can change your selection until the end time. But there is one rule! For example, you have 500 OCEAN and 500 VOTE rights, and you said yes to the option "Give a grant to company x". You are free to change your decision, but there is a belief system in which belief and determination are at the forefront and the course cannot be manipulated by sudden decision changes. When you change your selection from yes to no, all 500 games do not change at once. your yes votes change gradually in certain time periods. Buddha already makes voting by thinking more. Ocean Protocol has made an egalitarian and fair choice at every point. Let's take a look at the creators of this fair platform. It will take a long time to examine and explain the whole team one by one. You can take a look at the LinkedIn profiles of the employees here and see what they are doing. Let's take a brief look at the founding partners. Bruce Pon did not surprised us. He worked for Mercedes Benz autonomous vehicles in Daimler Group for 5 years. He is a Cambridge graduate and has a strong connection to autonomous vehicle systems. It also has ties to 2 other companies in the blockchain field, apart from Ocean Protocol. Trent McConaghy has been working in the field of artificial intelligence for more than 20 years and has a PhD in artificial intelligence. He also advises boson protocol, singularityNET, BloxkEX and holds a PhD in artificial intelligence. There are also options such as staking, sharing data, providing liquidity to earn Ocean Tokens. We said that Ocean Protocol was established on the Ethereum network, and it issued its tokens on the ethereum network. 43% of the 1.4 billion supply is in circulation. It ranks 160st in the market with a value of 19 cents. This time last year, he saw $1.94. We may have high expectations from this technology, from these studies, from this team. We also know how valuable data sharing is and how big a market it is. The future of projects that provide blockchain-based data sharing services on the Ocean Protocol and similar web3.0 is, of course, bright in line with their success. However, considering the time required for this and the significant amount of supply that is not yet in circulation, let us state that we should not expect too much from the OCEAN token. In this period, when we know that there are losses as well as profits in the field of investment, there are big collapses and sinking cryptocurrencies, OCEAN token does not make us hesitate like this. It is seen as one of the projects that will exist in 5 years, 10 years and 20 years. Considering its ATH and listed exchanges, a project of this quality is likely to make the worst new ATH in its first bull season, with other major partnerships to announce. It can provide a minimum 3-fold return for the medium and long term. This will be completely determined by your risk appetite and patience.
