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Ocean Protocol (OCEAN) is the 163rd largest cryptocurrency in the world by market cap, valued at $324,452,065. The current price of Ocean Protocol is $0.5292, which is 18.761% higher than yesterday. Prices have ranged between $0.569337 and $0.424776 over the past 24 hours. All prices are listed in US dollars and accurate as of February 07, 2023 06:02 UTC.
Ocean Protocol is designed to allow anyone to devise their very own decentralized data marketplaces, where users can freely exchange their data with consumers, all while keeping an accurate tab of where their information is being transmitted (in real-time), who has previously gained access to the info and much more. Thanks to its unique operational setup, the Ocean Protocol is looking to make data more freely available for the masses, potentially preventing the creation of data monopolies – much like what Facebook, Twitter and Google have done in recent times.
In this regard, the OCEAN token is used primarily as means of exchange within the ecosystem. For example, data providers are able to acquire the cryptocurrency every time their information is sold to someone or whenever third-party clients employ the information to run their AI algorithms.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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