Decentralized data exchange protocol
Ocean Protocol is a data exchange protocol built for creating powerful Web3 apps for the data economy. With the help of the protocol, developers can create various data exchange products. For instance, developers can launch their own decentralized data marketplace to monetize their data while preserving privacy and control. In addition to that, the data assets will also be secured with Web3 access control capabilities. It goes further with the ability to allows private data to be traded without exposing the user’s personal information.
Launched in 2017, Ocean Protocol had 3 funding rounds raising more than $28M from seven key investors like Kosmos Capital and Fabric Ventures.