Ocean datatokens will be tradeable on Decentr’s DEX
Exchange data for fiat & vice versa using the DEC token as an intermediary of exchange
(This partnership was originally announced on January 28, 2021.)
Ocean Protocol and Decentr are pleased to announce a strategic and technical partnership that will integrate Ocean Protocol into the Decentr ecosystem. The Ocean Market’s integration into the Decentr user layer will make Ocean’s ERC20 datatokens accessible and tradable via Decentr’s DEX.
Decentr’s DEX is a decentralized data exchange and combines a user’s PDV with the ability to buy and sell data created and collated via the Decentr browser. Users of the Decentr DEX will be able to exchange data for fiat, or fiat for data, using the DEC token as an intermediary of exchange.
By integrating Ocean Market and datatokens with the Decentr DEX, users, consumers, and publishers of the respective ecosystems will be able to access a highly liquid data market to buy, sell and curate data in a seamless and frictionless manner.
We’re thrilled to see Decentr utilize datatokens, helping Ocean make datatokens a first-class citizen, which holds value on its own and mapped to other crypto tokens and assets. This collaboration will increase datatokens utility outside of Ocean Protocol and bring quality datasets into Ocean. This is a significant leap towards the vision of a new data economy.
– Manan Patel, Ocean Growth Accelerator
Ocean Market is an open data marketplace for the community, built on the foundation of datatokens. The Ocean Market directly leverages Balancer DEX technology for staking, automatic pricing of data, and data curation.
We’re excited to be integrating Ocean’s Web 3.0 Ocean-powered data market to make user data available easily and securely for sale to third-party data buyers via our native DEX. What is even cooler is that because Ocean is a data market working with third parties, the data that Ocean will acquire from Decentr will ultimately be used by AI and ML protocols employed by data buyers. We are excited to be able to contribute to the huge sets of data required to achieve better ML and AI models for the betterment of our partnership, users and society.
– Nikita Anikeev, Decentr CTO
About Ocean Protocol
Ocean Protocol’s mission is to kickstart a Web3 Data Economy that reaches the world, giving power back to data owners and enabling people to capture value from data to better our world.
Data is a new asset class; Ocean Protocol unlocks its value. Data owners and consumers use the Ocean Market app to publish, discover, and consume data assets in a secure, privacy-preserving fashion.
Ocean datatokens turn data into data assets. This enables data wallets, data exchanges, and data co-ops by leveraging crypto wallets, exchanges, and other DeFi tools. Projects use Ocean libraries and OCEAN in their own apps to help drive the Web3 Data Economy.
The Ocean token is used to stake on data, to govern Ocean Protocol’s community funding, and to buy & sell data. Its supply is disbursed over time to drive near-term growth and long-term sustainability. OCEAN is designed to increase with a rise in usage volume.
Visit oceanprotocol.com to find out more.
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About Decentr
Decentr is a foundational open source decentralised web browser and web3.0 solution that captures the value of secure user data and returns this value as payable, data-backed “currency” to the user. The DEC token is the building block of the entire Decentr Deconomy.
Decentr’s “data-as-value” paradigm means users see a correlated decrease in the cost of products and services bought online, via Decentr and their “dPay” system, while at the same providing superior APR’s on consumer crypto loans made via users dWallet and Decentr’s consumer crypto dLoan features.
Learn more about Decentr by visiting the Decentr Website, Twitter, Telegram, Medium or download the Decentr extension for both Firefox and Chrome.
