Here are the Winners of the Predict-ETH Round 6 Data Challenge

$5000 in prizes to data scientists that predicted $ETH most accurately

Predict-ETH Round 6 just completed. There were 22 submissions. We’re ready to announce the winners — drumroll, please!

• First place ($2500 in OCEAN) goes to 0xa69c12ca709919dc291f3e67fdde42d63b7518a0
• Second place ($1500 in OCEAN) goes to 0xa6fb159f491ed6f33b077ee6e1d271b53ff2cb8b
• Third place ($1000 in OCEAN) goes to 0xeab2431626408b5fa1d0fe4a164d9de6e2ce0bda

For this round, we went “full anon” so people don’t have to submit their names. That’s why you see addresses (who sent the txs), and that’s all.

Winners will be airdropped OCEAN into their addresses on Eth mainnet.

Each of the winning predictions showcases how to monetize data successfully using Ocean Protocol’s open source tools for the blockchain. Congratulations to all!

Predict-ETH is a recurring data challenge to predict the price of ETH and win prize money, using the ocean.py library. Accurately predicting ETH can be a valuable tool in buying and selling ETH, DeFi trading, yield farming, or DeFi protocol development. If your predictions are consistently on point, then you can sell them as a data feed on Ocean Market, earning you even more income.

Of course, predicting ETH is no walk in the park. It’s a complex task that requires skill, knowledge, and a bit of luck. But that’s exactly why Ocean Protocol hosts regular Predict-ETH competitions — to help you sharpen your machine learning skills, learn from others, and potentially make some cash along the way.

Predict-ETH Round 6 Setup

Predict-ETH Round 6 was announced in early May, 2023. The Round 6 README guided contestants how to make their submissions. We held a workshop on May 27, 2023 for anyone working on the Predict-ETH challenge who wanted facetime with the Ocean core team.

The submission deadline was Wed Jun 7, 2023, 2023 at 23:59 UTC. Competitors had to make predictions at times: Thu Jun 8, 2023 at 00:05 UTC, 00:10, …, 1:00 (12 predictions total).

Predict-ETH Round 6 Evaluation

The winner = whoever has lowest prediction error (normalized mean-squared error, or NMSE). That’s all. There is no subjectivity.

To be eligible, competitors must produce the outcomes that the README guides. This includes:

✅ Created an Ocean data NFT

✅ On the data NFT, set a value correctly: correct field label, correct # predictions, prediction values following correct formatting, predictions encrypted with proper encoding on judges’ public key

✅ Transferred data NFT to Ocean judges before the submission deadline

✅ All on Mumbai network, not another network

Predict-ETH Round 6 Statistics

The following table shows the NMSEs for each competitor, with lowest-NMSE first [1].

Conclusion

Crypto price prediction can be an interesting and fun task — better yet, it can be monetized immediately!

Congratulations to all the winners and kudos to all participants for their entries.

Notes

[1] If an address submitted >1 entry: the youngest was kept, and rest got nmse 1.0.

About Ocean Protocol

Ocean was founded to level the playing field for AI and data. Ocean tools enable people to privately & securely publish, exchange, and consume data.

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