Ocean Protocol (OCEAN) GBP Price

Ocean Protocol is a decentralized data marketplace infrastructure layer. It allows data owners to publish, sell, and monetize datasets or data services while retaining control over the underlying data.

Ocean Protocol merged with Fetch.ai and SingularityNET to form the Artificial Superintelligence Alliance (ASI). The combined entity issues the ASI token, with OCEAN, FET, and AGIX converging through a token merger. The thesis is that combining data infrastructure (Ocean), autonomous AI agents (Fetch.ai), and decentralized AI model marketplace (SingularityNET) creates a vertically integrated decentralized AI stack.

Data NFTs represent the base intellectual property of a dataset, minted as ERC-721 tokens. Datatokens are ERC-20 tokens derived from a Data NFT that function as access tokens: holding one datatoken grants access to the underlying dataset for one compute job or download.

OCEAN functions as: (1) a medium of exchange for purchasing datatokens, (2) a governance token for OceanDAO treasury allocations, (3) a staking asset in Data Farming, where staking on datasets earns rewards proportional to dataset usage. Post-ASI merger, OCEAN’s standalone utility is being consolidated into ASI token mechanics.

Compute-to-Data allows an algorithm to run directly on a private dataset at the data provider’s infrastructure without the algorithm owner ever accessing the raw data. The data stays local; only the computation result is returned. This addresses the core privacy paradox in data markets: owners want to monetize without exposing proprietary or sensitive data.