Thread by @Deep_Data_Diver

1/ The technology behind @oceanprotocol is revolutionary.

$OCEAN enables a #NewDataEconomy with the combo of datatokens & Automated Market Maker (AMM) tech, while also revolutionizing data sharing with Compute-to-Data.

Let's dive in to understand both.

2/ The heart of the $OCEAN Market is a combo of datatokens & @balancer Automated Market Maker (AMM) technology.

This tech allows anyone to publish a dataset & have its price auto-discovered. This also allows anyone to launch their own data marketplace.

Here's how it works...

3/ There are three ways to participate in the $OCEAN Market to earn money:

✅ Selling data
✅ Staking on datasets
✅ Building & launching your own marketplace

Let's examine each one...

4/ Selling data in the $OCEAN Market requires publishing it. Publishing a dataset is like an Initial Data Offering. Users can publish data they have rights to, or open data with value-added.

When a dataset is published, it becomes a data asset with its own ERC20 datatoken.

5/ In the $OCEAN Market, data publishers can set a fixed price, or let price be auto-discovered.

Auto-discovery of price is supported by with an Automated Market Maker (AMM) powered by @BalancerLabs & deployed in a way that's gas-efficient.

6/ When a dataset is sold, the publisher receives most of the fee, with liquidity providers ("stakers") receiving a cut of the transaction fee that is proportional to their stake.

Anyone can stake $OCEAN in a datatoken AMM pool by providing liquidity.

7/ Starting in Q1 2022 stakers will also receive weekly airdropped $OCEAN tokens - HUGE!

In addition to providing liquidity, stakers also play the important role of data curators. Because stakers earn a percentage of txn fees, they have incentive to stake on quality data assets.

8/ Finally, $OCEAN technology makes it possible to build and launch your own data marketplace as yet another way to earn money by participating in the $OCEAN Market.

All of this can be done in less than one hour! 😳

Strong tech. 💪

blog.oceanprotocol.com/launch-a-block…

9/ If the foundation of a #NewDataEconomy is the $OCEAN Market, the foundation of data sharing is a technology called Compute-to-Data (C2D).

Let's explore C2D - the lynchpin of what will make data sharing successful.

10/ With Compute-to-Data, data never leaves its owner’s premises.

✅ Data owners can monetize data while preserving privacy & control

✅ While data buyers can create value from it with analytics, AI modeling & more

$OCEAN unlocks data. 💪

https://twitter.com/oceanprotocol/status/1387711000997138434?s=20

11/ In fact, Compute-to-Data is probably THE most important piece of @oceanprotocol tech that will revolutionize the #dataeconomy.

Compute-to-Data allows data publishers to control EVERYTHING about their data, while still providing value to data consumers.

Everything from...

12/ ...Who has data access,
What they can do with it,
What it costs,
How long it's available, etc.

Compute-to-Data minimizes risks (critical for enterprise) and gives individuals the opportunity to earn a living / revenue from their own data.

Compute-to-Data is a game changer.

13/ In addition to these two key tech strengths, the fact that $OCEAN is open-source #OSS is a strength, minimizing barriers of entry and increases trust / adoption.

Because it's open-source, there are no secrets, just open code for everybody to adapt, check and improve.

14/ Finally, Ocean added many new features this year to get even stronger.

For starters, $OCEAN is now on @0xPolygon, which fixes high $ETH gas fees, taking fees to almost zero.

Lower fees = easier/cheaper adoption 💪

https://twitter.com/oceanprotocol/status/1372171098293477385?s=20

15/ Additionally, in the $OCEAN data marketplace, multi-chain data assets are not siloed, for a clean user experience across chains.

Bruce Pon said it best: "Ocean will have all the data on all the chains."

#AllTheChains & a better UX = more adoption 💪

https://twitter.com/shipping_ocean/status/1420704692817088512?s=20

16/ Finally, $OCEAN introduced fine-grained permissions that allow data publishers to control how their data is seen & consumed.

Marketplace-level permissions control browsing, publishing, etc. Asset-level permissions control asset consumption. 💪

https://twitter.com/trentmc0/status/1440893217298333698?s=20

17/ That's what's been delivered by the core team as of this tweet, with the below planned for the coming months:

✅ Solve rug pulls & mitigate impermanent loss
✅ Data NFTs
✅ Data Farming
✅ Federated Analytics & Learning
✅ $OCEAN-backed Stablecoin

18/ In addition to the $OCEAN core team's accomplishments in technology development, there are multiple 3rd party data marketplaces & third party teams that are building technology products or add-ons to benefit the ecosystem.

Read more about these here: blog.oceanprotocol.com/a-wholistic-ov…

19/ One example of a third-party team that's building for the $OCEAN ecosystem is @raven_protocol.

They added many AI/ML algorithms to Ocean Market. And they’re now integrating their federated learning / analytics tech into $OCEAN.

https://twitter.com/SHERM8N/status/1438827230885556224?s=20

20/ Another example of a third-party team that's building $OCEAN 's technology strength is @deltaDAO who built an Ocean-powered @gaiax_aisbl Gaia-X demonstrator.

Try it yourself here: portal.minimal-gaia-x.eu

21/ Another third-party product team @Datarella / @MOBIX_AI built “Deep Parking” demo, guided by @BoschGlobal, using @oceanprotocol and @Fetch_ai tech.

$OCEAN technology strength is real!

https://twitter.com/MOBIX_AI/status/1439519415331065859?s=20

22/ Finally, third-party product team @UTU_trust has built a portal that draws on social signals to help curate $OCEAN marketplace data assets.

This will answer the question: “Did my friend @elonmusk consume this dataset?”

Try it yourself at defi-portal.utu.io/ocean

23/ Last but not least, 84+ teams on @OceanDAO_ are also developing $OCEAN technology.

These dynamic teams contribute greatly to $OCEAN 's technology strength with new and innovative projects, that are selected by the community in monthly voting rounds:

oceanpearl.io/projects?categ…

24/ I think it's clear that $OCEAN technology is a key strength of @oceanprotocol.

With all of this technological firepower, I fully expect Ocean Protocol to be successful in unlocking data and ushering in a #NewDataEconomy for everyone.