DF85 completes and DF86 launches

DF86 is live today. As the ASI merger votes remain unconfirmed, Ocean Protocol has paused passive DF and volume DF rewards, but Predictoor claims are still active. 

The Ocean Protocol is collaborating with FETCH and SingularityNET to make things easier. Their merger will result in a superintelligence alliance with the unique token $ASI. It will take a few more weeks to finalize the pending confirmation from FETCH and SingularityNET. 

Launched on April 11, 2024, DF85 ran until April 18, 2024. The reward structure for DF85 involved 20,000 roses and 37,500 OCEAN Rewards. Again, they were paused since there had been no confirmation regarding the $ASI, passive DF, and volume DF rewards. 

About OCEAN, DF, and Predictoor 

Ocean Protocol is a decentralized data farming tool that allows one to generate, collect, validate, and tokenize data within a blockchain network. These decentralized apps take data inputs to verify identities, run a decentralized finance platform, look after a supply chain directory, and more. In other words, the ones generating data can monetize it while maintaining privacy and control over their assets.

Individuals, organizations, or other entities with access to bulk data quantities are referred to as data providers. Now, another set of consumers requires access to specific data models to train AI models or conduct research. Ocean Protocol acts as a marketplace, allowing this trade-off to happen between data providers and data consumers while maintaining the utmost privacy and security.

Data generators upload their data sets, and data consumers look for the kind of data set they want and purchase it through smart contracts. On the Ocean Protocol is a native token known as the OCEAN. Individuals and businesses that provide data receive OCEAN tokens in exchange for sharing it.

One may wonder how OCEAN protects the privacy of its data providers. Sensitive information likely exists among the vast quantities of data exchanged on OCEAN every day. The Ocean Protocol follows a unique approach called ‘compute-to-data’. This technology enables data consumers to make changes and manipulate encrypted data without revealing the raw data’s contents. Data consumers can derive valuable insights from a data set without compromising the privacy of the data providers.

Two kinds of liquidity pools exist: the Ocean Protocol-Passive Data Fund (DF) and the Volume Data Fund (DF). In the former, data providers receive rewards when consumers manipulate and use their datasets. In volume DF, data providers submit tokens to a liquidity pool. It requires a more active contribution from data providers, as they earn rewards based on the size of their token or the amount of trading activity within the pool.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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