Thread by @Admiano

Within 24 hours of the launch of $BDP and $bALPHA 2 years ago, @bigdataprotocol had over $5.5bn in TVL

Big Data Protocol announced itself to the world as a #DeFi protocol powering a liquid marketplace for commercially valuable data

A 🧵 on #BDP, its growth, token and future

"Data is the new oil"

Many already get it. Some will, some won't. What do you think powers #ChatGPT? Data!

Google, Apple, Amazon and all the big tech companies remain powerful because of the data they have

Today, access to data is much easier than its ever been.

Platforms such as @oceanprotocol has made it possible for just about anyone to tokenise their data and make money from it

One problem with that though is the fact that quality of data a person is selling cannot be fully determined

This is where #BDP has an edge

The network has over 14,000 professional data providers who curate and provide data to ensure data quality and it's commercial value

This list includes both #Web2 and #Web3 data providers

It also makes these data liquid, by leveraging decentralized exchanges

Solving 2 problems

The numbers speaks for themselves

Everything works in three steps

🔸 Earn $BDP by staking in the seed pools
🔸 Earn $bALPHA by providing BDP/ETH or bALPHA/ETH liquidity
🔸 Redeem $bALPHA for datasets

All through the bear market, the team has been working non stop, securing partnerships after partnerships. From top real world companies to #Web3 projects

Their most recent partnership is with @diffbot, the world's largest automated knowledge Graph provider

When #ChatGPT was asked about the implication of the partnership with #Diffbot, it highlights the significance of the partnership with Diffbot and how it will shape the future of data and #AI in #Web3

Quite exciting stuff

Tokenomics

@bigdataprotocol has two main tokens, $BDP and $bALPHA

🔸 $BDP use case
> Farm datasets + LP and farm $bALPHA
> Data Market fees + burning

TS: 80m
CS: 24m
CMP: $0.15
MC: $3.7m
FDV: $12.2m
ATH: $14.99

🔸 $bALPHA use case
> redeem alpha collection in the data room for lifetime access

TS: 18,000
CS: 18,000
CMP: $31
MC: $558k
FDV:$558k
ATH: $42,100

With the value of data now being pronounced, thanks in no small part to the advent of #ChatGPT, attention is now being drawn to @bigdataprotocol

You can see their data market powered by @oceanprotocol here 👇
bigdataprotocol.com/datamarket

The stage is set for $BDP and $bALPHA

If you found this thread informative, please like and retweet main tweet here 👇

https://twitter.com/Admiano/status/1621488974610006016?t=IgfrN0pZEa03elu7XpYRPg&s=19

This thread is part of an independent research by @Mere_Admiano
So #DYOR and make your financial decision, or not

💛 For more analysis like this, follow @Admiano