Hopefully, you'll find the answers here! If not then please don't hesitate to reach out to us on [discord](https://discord.gg/TnXjkR5) - there are no stupid questions!
<summary>Is Ocean aiming to be a marketplace for data?</summary>
Our goal is to build the tools and services to facilitate a new Data Economy that gives data owners control, while preserving privacy and helping to kickstart commercialization of data, including data marketplaces.
Ocean Protocol was founded to build technology for a Data Economy at the intersection of blockchain, data, and AI. We have pioneered several technologies to push the envelope forward, including the original patent for NFTs, token engineering, data tokens, and others.
<summary>How can we ensure the validity of datasets on the market?</summary>
We are not actively developing a dedicated system for dataset validation. Instead, we have built tools and established multiple methods within our verification layer. However, the primary responsibility for data validation lies with the customer. To assess the data's quality, consider these questions:
1. What is the reputation of the dataset's publisher?
2. Does the dataset include well-defined metadata and provenance information?
3. Is sample data available for evaluation?
4. What is the dataset's rating within the marketplace? (Refer to the star rating we have implemented.)
5. Is the publisher responsive to inquiries? Feel free to send a direct message to the publisher via the marketplace to engage in discussions before making a data purchase.
<summary>Does Ocean aspire to cultivate a decentralized ChatGPT through the datasets on the Ocean market?</summary>
While Ocean Protocol primarily focuses on data sharing and data-related technologies, it's not directly involved in the development of AI models like ChatGPT. However, it's possible that individuals or organizations could use the Ocean marketplace to share or sell datasets that could be used in training AI models like ChatGPT. Decentralized AI models, like ChatGPT, often rely on a wide range of data sources to improve their performance and versatility.
<summary>what are the steps needed to encourage people to use the Ocean market, considering the current low consume volume (excluding wash consume)?</summary>
There are a wide host of technical, business, and cultural barriers to overcome before volume sales can scale. Blockchain and crypto technology are relatively new and adopted by a niche group of enthusiasts. On top, the concept of a Data Economy is still nascent. Data buyers are generally restricted to data scientists, researchers, or large corporations, while data providers are mainly corporations and government entities. The commercialization of data is still novel and the processes are being developed and refined.
<summary>How do we envision the data-sharing economy evolving in the future, particularly with the rise of AI? How should governments and regulators approach the data-sharing economy?</summary>
Policymaking is a complex, highly charged, and fast-moving field. The position of Ocean Protocol is that the creators of the data should have the tools to control how their data will be used and to share in profits if their data is commercialized. Ocean Protocol was founded to build technology for a Data Economy at the intersection of blockchain, data, and AI. We have pioneered several technologies to push the envelope forward, including the original patent for NFTs, token engineering, data tokens, and others.
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<summary>How does Ocean Protocol enforce penalties if data is shared without permission?</summary>
Determining whether someone has downloaded your data and is reselling it is quite challenging. While they are bound by a contract not to do so, it's practically impossible to monitor their actions. If you want to maintain the privacy of your dataset, you can explore the option of using compute-to-data(C2D). Via C2D your data remains private and people can only run algorithms(that you approve of) to extract intelligence.
This issue is similar to what any digital distribution platform faces. For instance, can Netflix prevent individuals from downloading and redistributing their content? Not entirely. They invest significant resources in security, but ultimately, complete prevention is extremely difficult. They mainly focus on making it more challenging for such activities to occur.
<summary>How does Ocean's approach to data value-creation loops differ from other blockchain projects or data marketplaces? What are the benefits and drawbacks of participating in the data-sharing economy?</summary>
The Ocean token design is based on learnings from token engineering, a set of tools and models pioneered by the Ocean core team. Many of the learnings from token engineering are used by current crypto projects, as well as the Ocean team.
The Data Economy is nascent and cutting-edge. Many of the tools, components, and integrations are at an early stage or non-existent. Participation now, in an emerging Data Economy, is a bet on the future where data can be commercialized and accessible for data applications and developers.
<summary> Will Acentrik continue to run data transactions on the Ocean Protocol backend? Is Acentrik built on top of Ocean at the protocol level?</summary>
3rd party markets such as Gaia-X, BDP and Acentrik use Ocean components to power their marketplace. They will likely use another currency for the exchange of services. If these marketplaces are publicly accessible, indexable and abide by the fee structure set out by Ocean Protocol, transaction fees would be remitted back to the Ocean community. These transaction fees would be allocated according to plan set out (https://blog.oceanprotocol.com/ocean-token-model-3e4e7af210f9).
<summary>Which areas of data does Ocean Protocol specifically help with in relation to AI?</summary>
Ocean Protocol offers a decentralized data marketplace where you can access a wide range of data, including text datasets, for your AI projects. Whether you're working on natural language processing (NLP), sentiment analysis, or text generation, Ocean Protocol can assist you in finding the data you need to enhance your AI models.
Also, you can train models on the data that is available and extract insights.
<summary>How do we distinguish between wash trading and real volume, especially considering that the blockchain lacks sybil resistance? Wouldn't individuals always be able to create new addresses and purchase the datasets they bonded to?</summary>
There is no economic value or advantage in wash-consuming data assets. The transaction fees expended for this maneuver would exceed the amount of potential rewards to be gained .
<summary>Is there any targeting of current Web2 data users/traders? Is the Azure marketplace more successful in terms of user adoption? After 25 weeks of the current marketplace, it is surprising to see minimal non-"wash-consume" volume.</summary>
We don't want to comment on the success of the Azure marketplace.If it's a success, that's great!
What we can share is our dedicated efforts to enhance accessibility for our tools and technology, which includes incorporating features for web2 users.
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<summary>Are there any plans to increase data consume volume for datasets on the Ocean market?</summary>
Yes, currently, we have several ongoing initiatives. On one hand, there's the data farming effort, and we're also actively developing templates and showcases, enhancing the technology stack, hosting and rewarding participants in data challenges. All of these efforts are geared towards increasing platform engagement and bringing more people into the ecosystem.
<summary>Is Ocean an AI project and is it related to artificial intelligence? How is Ocean different from other AI projects? What are Project's future goals? </summary>
Ocean Protocol is not primarily an AI project, but it is closely related to artificial intelligence (AI) and plays a significant role in the AI ecosystem. Its primary focus is on data sharing and data marketplaces.
1. Is Ocean an AI project? Ocean Protocol is primarily a data-sharing and marketplace project, but it is highly relevant to AI. It provides a platform for data providers to share and monetize their datasets, which are crucial for training and improving AI models.
2. Is it related to artificial intelligence? Yes, Ocean Protocol is closely related to artificial intelligence. It helps address the data challenges that AI faces by providing a decentralized marketplace for datasets, including text, image, and other types of data, which are essential for AI model development.
3. What are the project's future goals? Ocean Protocol's future goals include expanding its data marketplace, enhancing data privacy and security, and fostering collaboration between data providers and AI practitioners. The project aims to make high-quality data more accessible and usable for AI applications.
4. How is Ocean different from other AI projects? Ocean stands out from other AI projects by focusing on the data aspect of AI. While many AI projects concentrate on algorithms and models, Ocean's primary goal is to enable efficient and secure data sharing. It leverages blockchain technology to ensure data provenance, privacy, and transparency, making it a unique solution in the AI landscape.
<summary>Are there examples of individuals or organizations who purchase data through Ocean Protocol?</summary>
Data is purchased using the Ocean Market and other Ocean services, but the volume of sales and purchases is small at the moment
There are a wide host of technical, business, and cultural barriers to overcome before volume sales can scale. Blockchain and crypto technology are relatively new and adopted by a niche group of enthusiasts. On top, the concept of a Data Economy is still nascent. Data buyers are generally restricted to data scientists, researchers, or large corporations, while data providers are mainly corporations and government entities. The commercialization of data is still novel and the processes are being developed and refined.
<summary>How does Ocean Protocol generate revenue?</summary>
The protocol generates revenue via fees. A fee is applied to all transactions for using the Ocean components. This fee is used for the further development of Ocean technology and for the buy-and-burning of the Ocean token.
<summary>What is the total revenue generated by Ocean so far?</summary>
While we currently don't have a dedicated dashboard for this information, you can access it at the smart contract level. As an example, for Polygon-generated revenue(the most used network), you can view this information [here](https://polygonscan.com/address/0x042BFbd88c3998282153088604207b2AeF045b43#tokentxns).
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<summary>Is the ocean still about stake and earn?</summary>
Staking and earning are part of the project, incentivizing people and curating data assets. But this is just one part, We encourage you to discover more about the project by going through the [docs](https://docs.oceanprotocol.com/).
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<summary>How is the performance of the data market?</summary>
There are a wide host of technical, business and cultural barriers to overcome before volume sales can scale. Blockchain and crypto technology is relatively new and adopted by a niche group of enthusiasts. On top, the concept of a Data Economy is still nascent. Data buyers are generally restricted to data scientists, researchers or large corporations, while data providers are mainly corporations and government entities. The commercialization of data is still novel and the processes are being developed and refined.
<summary>What are the updates regarding data unions in the Ocean ecosystem? Regarding the value-creation loops for users in the last mile, I'm curious to know how the team intends to unlock this economic opportunity for users beyond data scientists. Specifically, how do you plan to enable users to earn from their data?</summary>
We operate as a protocol, providing tools for others to create valuable projects. As a result, our team is not currently focused on developing a data union directly. However, there are individuals and groups leveraging Ocean technology to construct data unions. An illustrative example is found [here](https://www.dataunion.app/).
A data marketplace allows providers to publish data and buyers to consume data. Unlike centralized data marketplaces, decentralized ones give users more control over their data, algorithms, and analytics by minimizing custodianship and providing transparent and immutable records of every transaction. With features such as Compute-to-Data (C2D), data and algorithms can be ingested into secure Docker containers where escapes are avoided, protecting both the data and algorithms.
Users access decentralized marketplaces via Metamask. Metamask is an applet interface that manages unique IDs, generated and controlled fully by the user. These unique IDs (aka Ethereum address) are used to store digital assets such as cryptocurrency, datatokens, NFTs, and other web3 native assets.
A Metamask wallet can easily be set up as a browser extension by going to your browser’s web store for extensions and searching for “MetaMask”. For additional help setting up your MetaMask wallet, watch our short tutorial video and review these instructions on Ocean’s documentation page.
Ocean gives you two different options for pricing your data - [fixed price](../developers/contracts/pricing-schemas.md#fixed-pricing) or [free](../developers/contracts/pricing-schemas.md#free-pricing). You need to decide what your dataset is worth and how you want to price it. You can change the price but you can’t change the price format (e.g. from fixed to free).
<summary>Does Ocean need to be compliant with the ISO 20022 standard? Is there any value in working on compliance, considering that some tokens have taken action in this area?</summary>
Ocean Protocol helps facilitate data sharing and commercialization. At our current stage of development, we have no developed specific industry vertical supports, such as ISO20022 (relating to standardized formats for financial data sharing).
Yes. Ocean Protocol understands that some data is too sensitive to be shared — potentially due to GDPR or other reasons. For these types of datasets, we offer a unique service called [compute-to-data](../developers/compute-to-data/README.md). This enables you to monetize the dataset that sits behind a firewall without ever revealing the raw data to the consumer. For example, researchers and data scientists pay to run their algorithms on the data set, and the computation is performed behind a firewall; all the researchers or data scientists receive is the results generated by their algorithm.
Ocean does not provide data storage. Users have the choice to [store](../user-guides/asset-hosting/README.md) their data on their own servers, cloud, or decentralized storage. Users need only to provide a URL, an IPFS hash, an Arweave CID, or the on-chain information to the dataset. This is then encrypted as a means to protect access to the dataset.
<summary>Do other associated marketplaces like Acentrik, BigDataProtocol, and datalatte have any connection to the OCEAN token or Data Farming?</summary>
Several projects use Ocean-components to power their data marketplaces. If these marketplaces are publicly accessible and indexable by Ocean Protocol, they are included in the data farming rewards program. If the marketplaces are closed and private, which cannot be indexed and tracked, then assets and activities are not part of the data farming program.
Ocean provides tools for access control, [fine-grained permissions](../developers/fg-permissions.md), passlisting, and blocklisting addresses. Data and AI services can be shared under the conditions set by the owner of the data. There is no central intermediary, which ensures no one can interfere with the transaction and both the publisher and user have transparency.
Yes - Ocean has implemented [fine-grained permissions](../developers/fg-permissions.md). This means that you can create allow and deny lists that restrict access from certain individuals or limit access to particular organizations. \
PS: [Fine-grained permissions](../developers/fg-permissions.md) are not integrated into the Ocean Marketplace.
<summary>Do other associated marketplaces like Acentrik, BigDataProtocol, and datalatte have any connection to the OCEAN token or Data Farming?</summary>
Several projects use ocean components to power their data marketplaces. If these marketplaces are publicly accessible and indexable by Ocean Protocol, they are included in the data farming rewards program. If the marketplaces are closed and private, which cannot be indexed and tracked, then assets and activities are not part of the data farming program.
<summary>Considering that the Ocean Market is open source and there are no incentives for industry players to use it, what are the future plans for the project in terms of its economic direction?</summary>
The Ocean Market has consistently served as a showcase for the practical application of Ocean technology. Moreover, it has the potential to set a precedent for the development of other marketplaces within the Ocean ecosystem.
However, it's important to note that participants using the Ocean stack are subject to transaction fees, which vary depending on the chosen token, either 0.1% or 0.2%. These fees serve the dual purpose of furthering the development of Ocean technology and facilitating the buy-and-burning of the Ocean token.
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<summary>Where can I find projects on Ocean's ecosystem?</summary>
<summary>What is Ocean Protocol, and how is it related to artificial intelligence? What are the project's future goals?</summary>
The mission of Ocean is to level the playing field around data & AI.
AI models need data; Ocean provides tools to help supply, manage, and monetize that data.
Ocean tokenizes access to data, enabling web3 wallets to hold keys to data, decentralized data exchanges, token-gated APIs, the provenance of data sharing, compute to data, and more.
The Ocean core team & Ocean community continue to evolve the stack and applications around it, which in turn drives traction.
Check out our [roadmap](https://oceanprotocol.com/technology/roadmap) to see what we are currently working on. If you are interested in tracking our progress towards these goals then take a look at our [github](https://github.com/oceanprotocol/).
During the Ocean DAO grants program (2021-2022), the Ocean token was used for community voting and governance. Currently there are no governance functions associated with the Ocean Token. In the future, when there is broader adoption of the Ocean technology and a vibrant community and ecosystem has formed around Ocean, further options for community governance with the Ocean token will be explored.
Ocean Protocol is an open-source project with no official lead. The protocol is permissionless and all the code and components are available for free. For administrative purposes, there is a limited liability non-profit company registered in Singapore with three directors including Trent McConaghy and Bruce Pon, co-founders of Ocean.
Ocean Shipyard is an early-stage grant program established to fund the next generation of Web3 dApps built on Ocean Protocol. It is made for entrepreneurs looking to build open-source Web3 solutions on Ocean, make valuable data available, build innovations, and create value for the Ocean ecosystem.
<summary>Is Swash "friendly" forking the Ocean market? They seem to have their own version of Ocean market/compute using the Swash token for transactions.</summary>
Anyone can fork Ocean Market; the core team encourages this because it drives value to the Ocean ecosystem and OCEAN token. Daimler / Acentrik and deltaDAO are prime examples of forks. Swash has published data assets on Ocean Market. Details: The [Ocean Market](https://github.com/oceanprotocol/market) repo is a permissive open-source license (Apache 2). That code uses Ocean contracts deployed to Eth mainnet and elsewhere. Within hours one can fork Ocean Market code and launch their own data marketplace with their own branding. Ocean Market or the forks can use any token as a unit of exchange, OCEAN or otherwise. Unit-of-exchange is weak for value accrual. Better is *revenue* going to the protocol community; Ocean has that via whenever a datatoken is consumed, 0.1% goes to the Ocean community. Ocean Market is one of many templates for people to build Ocean-powered dApps; all templates are forkable.
Yes 🫢, [here](https://blog.oceanprotocol.com/acentrik-a-decentralized-data-marketplace-for-enterprises-built-on-ocean-protocol-is-now-in-7fb7371e57d4) are a few details.
Yes 😉 You'll find some details of collaborations on our [blog post](https://blog.oceanprotocol.com/acentrik-a-decentralized-data-marketplace-for-enterprises-built-on-ocean-protocol-is-now-in-7fb7371e57d4).
OCEAN is the main currency of the Ocean network, particularly the Ocean Market. [psdnOCEAN](https://docs.h2odata.xyz/protocol-overview/psdnocean-veocean-liquid-staking) is a staking token used for data farming network rewards. By converting OCEAN to psdnOCEAN, users can earn passive staking rewards. psdnOCEAN is not directly affiliated with Ocean Protocol and is operated by an independent entity named H20. Locking contracts for H20 and psdnOCEAN are open source and can be examined publicly. To get psdnOCEAN, users lock their OCEAN and then receive an equivalent amount of psdnOCEAN in return. Although the locking and staking contracts have been audited, users should do their own research and put at risk only the amounts that they are willing to lose.
<summary>As Google Drive is not supported in the Ocean ecosystem, what are the alternative options for storing a file and then publishing it?</summary>
Google Drive is an awesome product, but is designed for file sharing between a small group of users and is not properly working with our architecture. There are a bunch of other systems you can use that work smoothly with our stack. [Here](https://docs.oceanprotocol.com/developers/storage) are some alternatives.
Ocean Market currently supports only $OCEAN and H2O for the exchange of services. Markets such as BDP and Acentrik use another currency for the exchange of services.
A portion of the revenue earned in the Ocean ecosystem is earmarked for buy-and-burn. If the transaction volume on Ocean reaches scale and is broadly adopted to the point where the buy-burn mechanism outruns the emissions of Ocean token, the Ocean token supply would deflate.
<summary>What is the circulating supply of Ocean token? What is the emission schedule for $OCEAN?</summary>
All 1.41 Billion Ocean have been [minted](https://blog.oceanprotocol.com/control-over-the-ocean-contract-to-be-revoked-soon-overview-6c5b15be2db) with approximately 700 million Ocean in circulation. The remaining 51% of the supply is earmarked on an emission schedule identical to Bitcoin's emission mechanism, including the 4-year half-life.
<summary>How does the $OCEAN token capture value?</summary>
The $OCEAN token is used as the [glue](https://blog.oceanprotocol.com/ocean-token-model-3e4e7af210f9) for the Ocean ecosystem. A 0.1% or a 0.2% fee is applied to all transactions performed using Ocean components. This fee is used for further development of Ocean technology and for buy-and-burning of the Ocean token.
<summary>How does the ecosystem and the Ocean token benefit from the usage of the open-source tech stack when transactions can be paid in any currency?</summary>
You are right, all Ocean modules and components are open-source and freely available to the community. Developers can change the default currency from OCEAN to a different one for their marketplace. But, there is a community fee involved in all transactions hapening in the ecosystem.
The ocean community fees are though dependant on the token used. There is a 0.1% fee for transactions performed using the Ocean or H2O tokens and a 0.2% for transactions using other tokens.
veOCEAN on the other hand, follows the model of other ve tokens, where it can be used for passive and active staking. By locking up your $OCEAN to veOCEAN, you automatically receive passive staking rewards. You can also earn active staking rewards by assigning your veOCEAN directly on datasets or through a proxy (psdnOCEAN), who deploy your veOCEAN at no risk, in order to gain a share of active rewards. Active rewards are based on transaction volume on specific data assets.
A portion of the revenue earned in the Ocean ecosystem is earmarked for buy-and-burn. If the transaction volume on Ocean reaches scale and is broadly adopted to the point where the buy-burn mechanism outruns the emissions of Ocean token, the Ocean token supply would deflate.
The Ocean token [supply](https://blog.oceanprotocol.com/control-over-the-ocean-contract-to-be-revoked-soon-overview-6c5b15be2db) is fixed at 1.41 Billion. To date, all tokens have been minted and approximately 720m OCEAN are allocated towards data farming and network rewards. Of the total supply, 10% was allocated to over 100 members of the founding team and developers in exchange for a 5 year commitment to the project.
All 1.41 Billion Ocean have been [minted](https://blog.oceanprotocol.com/control-over-the-ocean-contract-to-be-revoked-soon-overview-6c5b15be2db ) with approximately 700 million Ocean in circulation. The remaining 51% of the supply is earmarked on an emission schedule identical to Bitcoin's emission mechanism, including the 4 year half-life.
You can view the transactions for the burned tokens on [etherscan](https://etherscan.io/token/0x967da4048cd07ab37855c090aaf366e4ce1b9f48?a=0x000000000000000000000000000000000000dead). As of September 2023, approximately 1.4 million tokens have been burned.
A portion of the revenue earned in the Ocean ecosystem is earmarked for buy-and-burn. If the transaction volume on Ocean reaches scale and is broadly adopted to the point where the buy-burn mechanism outruns the emissions of Ocean token, the [Ocean token supply](https://blog.oceanprotocol.com/ocean-token-model-3e4e7af210f9) would deflate. Also, 5% of Ocean network revenue is assigned for burning.
<summary>If any token can be used for payment on marketplaces, how does OCEAN token capture value over time? Where does the higher demand for OCEAN come from?</summary>
The $OCEAN token is used as the glue for the Ocean ecosystem. A 0.1% or a 0.2% fee is applied to all transactions performed using Ocean components. This fee is used for further development of Ocean technology and for buy-and-burning of the Ocean token.
All 1.41 Billion Ocean have been [minted](https://blog.oceanprotocol.com/control-over-the-ocean-contract-to-be-revoked-soon-overview-6c5b15be2db) with approximately 700 million Ocean in circulation. The remaining 51% of the supply is earmarked on an emission schedule identical to Bitcoin's emission mechanism, including the 4 year half-life.
OCEAN Token is a standard ERC20 token, so any wallet that can hold ERC20 can hold OCEAN as well. However, we always recommend hardware wallet for security reasons
Yes, either through Metamask (or another software wallet that can connect to a hardware wallet) or through your hardware wallet software - Ledger, Trezor etc.
<summary>Can the Ocean tech stack be used without utilizing the OCEAN token?</summary>
All Ocean modules and components are open-source and freely available to the community. Developers can change the default currency from OCEAN to a different one for their marketplace.
The ocean community fees are though dependant on the token used. There is a 0.1% fee for transactions performed using the Ocean or H2O tokens and a 0.2% for transactions using other tokens.
<summary>When is the next token release scheduled?</summary>
There will not be a next release for the token. To date, all tokens have been [minted](https://blog.oceanprotocol.com/control-over-the-ocean-contract-to-be-revoked-soon-overview-6c5b15be2db ) and approximately 720 million OCEAN are allocated towards data farming and network rewards.
<summary>Do other associated marketplaces like Acentrik, BigDataProtocol, and datalatte have any connection to the OCEAN token or Data Farming?</summary>
Several projects use Ocean-components to power their data marketplaces. If these marketplaces are publicly accessible and indexable by Ocean Protocol, they are included in the data farming rewards program. If the marketplaces are closed and private, which cannot be indexed and tracked, then assets and activities are not part of the data farming program.
During the Ocean DAO grants program (2021-2022), the Ocean token was used for community voting and governance. Currently, there are no governance functions associated with the Ocean Token. In the future, when there is a broader adoption of Ocean technology and a vibrant community and ecosystem has formed around Ocean, further options for community governance with the Ocean token will be explored.
A portion of the revenue earned in the Ocean ecosystem is earmarked for buy-and-burn. If the transaction volume on Ocean reaches scale and is broadly adopted to the point where the buy-burn mechanism outruns the emissions of Ocean token, the Ocean token supply would deflate. Information about the Ocean token dynamics can be found [here](https://blog.oceanprotocol.com/ocean-token-model-3e4e7af210f9). Also, 5% of Ocean network revenue is assigned for burning.
<summary>Could you explain the impact of EUROe on the utility of OCEAN? If transactions are made with EUROe within the Gen-X and GAIA-X ecosystem, how does it affect the use and value of OCEAN?</summary>
3rd party markets such as Gaia-X, BDP, and Acentrik may use another currency for the exchange of services. If these marketplaces are publicly accessible, indexable, and abide by the fee structure set out by Ocean Protocol, transaction fees would be remitted back to the Ocean community. These transaction fees would be allocated according to the [plan](https://blog.oceanprotocol.com/ocean-token-model-3e4e7af210f9) set out.
$OCEAN token is designed as a utility token, which becomes deflationary when transaction volume reaches scale and exceeds the value of $OCEAN being emitted via Data Farming. Learn more [here](https://blog.oceanprotocol.com/ocean-token-model-3e4e7af210f9).
You can find a list of past data challenges on our [website](https://oceanprotocol.com/challenges).
Accessing the submitted solutions is currently a work in progress, with one solution already available for the [Catalunya](https://catalunya.oceanprotocol.com/) challenge.
<summary>What are the potential consequences of the data challenges and the value of the algorithms? How do you plan to use the submitted results?</summary>
That's one of the objectives: to cultivate exceptional, valuable algorithms and make them accessible. Currently, the process of accessing the submitted solutions is in progress, with one solution already available for the [Catalunya](https://catalunya.oceanprotocol.com/) challenge.
<summary>When can we expect to see buy/sell activity on the Ocean market based on the DeFi challenges? What factors are currently impacting market activity?</summary>
Soon 😉 Right now we have one for the [Catalunya](https://catalunya.oceanprotocol.com/) challenge. The others are work-in-progress.
For the most part, organizations are leveraging data sharing to benefit from data monetization, however, increasingly organizations are also sharing data in order to boost their progress on sustainability goals. For example, data aggregated from vehicles can not only bring new revenue streams to automotive firms but can also be used to battle pollution.
Yes. Marketplace operators benefit from earning commissions on marketplace transactions related to data consumption. Ocean Market is primarily focused on monetizing data however it is also designed to handle the sale of any digital asset or service. As a result, the total addressable market goes way beyond revenues from just selling data. Operating costs for an Ocean-powered marketplace are moderate and the base code is open source and available free of charge under the Apache 2 license.
Publishing data, algorithms, and other digital assets and services on an Ocean-powered marketplace offers numerous opportunities to earn on the future revenue streams connected to that data as well as build a lucrative ecosystem that adds value to the published asset. It also allows for the discovery and insights into new use cases and applications of the published asset.
Dockers containers can run anywhere. Ocean Market uses a docker run by the Ocean Protocol Foundation OPF); limit: 1 CPU limit / 60 seconds max. NOTE: This means OPF technically has access to data. In the case of a forked Ocean-powered marketplace, the owner of the marketplace must set up a computation environment. If individual users of the marketplace are concerned with security they should be prepared to host both the data and provide compute-to-data services on-premise.
The type of cryptocurrencies needed for transactions on the marketplace depends on which network(s) the marketplace is running (Ethereum, Polygon, EWT, BSC, Moonriver, etc.). Regardless of network, users will need to have Ocean tokens as well as the corresponding network token, which is used to pay for gas.
The marketplace name, logo, and typeface must be changed by the client. A slight modification would be enough for compliance. For more information consult the READ ME file on [GitHub](https://github.com/oceanprotocol/market#-forking).
Active rewards are distributed relative to your ability to curate assets that are driving revenue. If you are able to curate quality assets better than others, you are able to receive a larger % reward.
Therfore, even though the total reward budgets are the same, the way you can earn rewards are not.
Here's how the frontend logic works: We round your APY to two decimal places. So, if you've locked 8,000 OCEAN for a short period, it's possible to see a near-0% APY.
To boost your APY, consider locking your OCEAN for a more extended period. It's not only about the amount you lock but also the duration of the lock that matters most. Longer lock periods yield more significant results. You can find further insights in this [document](https://docs.oceanprotocol.com/user-guides/data-farming/how-to-estimate-apy).
Yes, you will still earn Passive Rewards. However, Active rewards need "Data Consume Volume". More info on the [docs](https://docs.oceanprotocol.com/user-guides/data-farming).
<summary>I had to pay $13 to claim 34 Ocean passive rewards. Additionally, I made 0 from last week's active rewards, despite 32 sales and a large allocation. Can you explain why?</summary>
The amount of rewards is highly dependent on the locking period. the longer you lock your tokens, the greater the rewards. You can use [this document](https://docs.oceanprotocol.com/user-guides/data-farming/how-to-estimate-apy) to estimate the amount you'll get.
Your locked amount cannot be withdrawn before the lock ends. Your rewards in return can be claimed/redeposited whenever you want. If you don't claim, they just stack up. There is no loss.
Engaging in active data farming does not diminish your passive rewards. By default, you will receive your passive rewards, and in addition to that, you'll also earn active rewards on top.
You have the flexibility to participate in every available reward stream.
<summary>What is the Data Farming APY? Can you provide a tutorial for staking OCEAN and information on APY and locking time?</summary>
Active rewards are dependent on data assets actually making sales for you to receive rewards. If you have veOCEAN allocated to a data asset that doesn't get consumed/has no demand, you do not receive rewards.
<summary>How to choose the right asset to allocate veOcean?</summary>
Active stakers can select datasets to stake on based on several factors such as publisher reputation, number of previous consumes of the dataset, ratings and comments of others.
The data asset may be of any type — dataset (for static URIs), algorithm for Compute-to-Data, or any other Datatoken token-gated system. The data asset may be fixed price or free price. You can find more details in the [DF Background page](../rewards/df-volumedf.md#assets-that-qualify-for-data-farming)
The price is taken at the same time as each consume. E.g. if a data asset has three consumes, where the price was 1 OCEAN when the first consume happened, and the price was 10 OCEAN when the other consumes happened, then the total DCV for the asset is 1 + 10 + 10 = 21.
No. At the beginning of a new DF round (DF1, DF2, etc.), rules are laid out, either implicitly if no change from the previous round, or explicitly in a blog post if there are new rules. This is: reward function, bounds, etc. Then teams stake, buy data, consume, etc. LPs are given DF rewards based on staking, DCV, etc. at the end of the week. Overall cycle time is one week.
<summary>Is it possible to use the Ocean tech stack without involving the OCEAN token? If fees are paid in other currencies, are they swapped to OCEAN to some extent? How does this impact the passive revenues of veOCEAN?</summary>
Ocean Market currently supports $OCEAN and $H2O for the exchange of services. Markets such as BDP and Acentrik may use another currency for the exchange of services. If these marketplaces are publicly accessible and indexable by Ocean Protocol, they are included in the data farming rewards program. If the marketplaces are closed and private, which cannot be indexed and tracked, then assets and activities are not part of the data farming program.
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<summary>What is the use of Autobotocean.com?</summary>
Please keep in mind that the algorithm offers higher incentives for longer lock periods. So, the longer you lock your assets, the greater your rewards will be. Once you go through our documentation, you'll have a better understanding of how it all works.
Data Farming serves as the fundamental incentive system within Ocean Protocol, offering diverse opportunities for participants to contribute to the protocol's growth and success. This system is divided into two rewarding streams:
By actively participating in our available programs, you can earn both passive and active rewards. Your total rewards will be a combination of these two substreams.
The best part is that you have full control over claiming or redepositing your rewards at your convenience. Unclaimed rewards accumulate over time without any loss.
It's important to note that your veOCEAN balance will gradually decrease once you receive it. This decline occurs linearly over time until it reaches the Lock End Date. For instance, when your lock time has reached the halfway point, you will possess 50% of your initial veOCEAN balance. Once your lock time concludes, your veOCEAN balance will reach zero, allowing you to withdraw your OCEAN tokens.
<summary>Do you offer staking of $OCEAN? Is there a tutorial available for staking, and can I learn about the APY and locking time for unstaking?</summary>
Absolutely, we've adopted a staking approach similar to veCRV, allowing you to lock your Ocean tokens for veOCEAN to enjoy both passive and active rewards. Here are some handy resources to help you get started:
<summary>Is there a way to transform VeOcean to Ocean gradually over the lock period? Also, how will VeOcean be distributed over a certain time frame, and will Ocean tokens be reduced at the end of the lock period?</summary>
No, you can't convert your VeOcean to Ocean during the lock period. However, you have the opportunity to earn rewards (in $OCEAN) through active or passive staking. When the lock period concludes, you gain access to all your locked Ocean tokens. You can find additional information about OCEAN emissions [here](https://docs.oceanprotocol.com/veocean-data-farming/emissions-apys).
It's important to note that you won't lose Ocean tokens by locking them, and they won't be reduced at the end of the lock period. To learn more about VeOcean, check out this [resource](https://docs.oceanprotocol.com/rewards/df-veocean).
Yes, this information is available. Indeed, there is a technical aspect involved. You'll need to have some technical knowledge because you'll be required to query our subgraph. You can find a working example in our [documentation](https://docs.oceanprotocol.com/developers/subgraph/get-veocean-stats#get-the-veocean-holders-list). Feel free to run the script by clicking on the "run" button.
<summary>Are there any liquid staking wrappers for veOCEAN?</summary>
You can also earn active staking rewards by assigning your veOCEAN directly on datasets or through a proxy ([psdnOCEAN](https://docs.h2odata.xyz/protocol-overview/psdnocean-veocean-liquid-staking)), which deploys your veOCEAN at no risk, in order to gain a share of active rewards.
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<summary>Why the ratio between psdnOCEAN and OCEAN tokens is not close to 1:1?</summary>
The ratio stands at 80% to 20%, creating an imbalanced pool that minimizes price fluctuations. You might find this [resource](https://blog.oceanprotocol.com/psdnocean-the-first-liquid-staking-wrapper-by-the-h2o-team-is-now-live-a3330e15fa5c) valuable.
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<Summary> How to convert PsdnOcean back to $OCEAN ?</Summary>
You can convert psdnOCEAN back to $OCEAN using the Balancer AMM liquidity [pool](https://app.balancer.fi/#/ethereum/pool/0xf8c4cd95c7496cb7c8d97202cf7e5b8da2204c2b00020000000000000000039e).
You can find the statistics for the number of locked tokens [here](https://autobotocean.com/veOcean). As of September 2023, there are approximately 700 million Ocean tokens in circulation, out of which approximately 30 million have been locked.
[veOCEAN](https://docs.oceanprotocol.com/rewards/df-veocean ) is locked $OCEAN and thus has exactly the same price as $OCEAN when unlocked. When veOCEAN is staked, rewards are granted back in veOCEAN. veOCEAN can be converted to $OCEAN at any time by the owner after the locking period ends.
<summary>Are there any risks associated with staking Ocean tokens? Can the owner of a dataset run away with my coins? Are there any potential penalties or slashing mechanisms?</summary>
There are no counterparty risks associated with staking $OCEAN. Ocean uses standard, tried-and-audited "ve" smart contracts without modification. It is nonetheless conceivable that there exists a yet-to-be-discovered vulnerability that may be exploited in the future so put only amounts at risk that you are comfortable losing.
<summary>Is active staking on datasets limited to the ones I specifically staked my veOcean on? Do I receive active staking rewards only if the datasets I staked on receive DCV?</summary>
Yes, you will receive [active rewards](https://docs.oceanprotocol.com/rewards/df-intro#what-are-active-rewards) if the assets you've curated have Data consume Volume(DCV).
The APY is highly dependent on the locked amount and more importantly on the locking period. A good tutorial to estimate the APY is available on our [documentation](https://docs.oceanprotocol.com/user-guides/data-farming/how-to-estimate-apy).
<summary>How do I analyze projects and decide where to allocate? Do I look at current and past APYs, or is there more to consider? </summary>
Active stakers can select datasets to stake on based on several factors such as publisher reputation, number of previous consumes of the dataset, ratings, and comments of others.
<summary>If I stake my Ocean for 6 months and the price of Ocean goes up during that time, will my staked tokens increase in value as well?</summary>
Yes. When you lock Ocean tokens, you'll receive them back at the end of the lock-up period. If the value increases during this time, your Ocean tokens will appreciate in worth. The same principle applies in reverse if the value decreases
You can lock your Ocean tokens in exchange for veOcean tokens and participate in the Data Farming program. Please go through the mechanics and details of data farming to make informed decisions. [Here](https://docs.oceanprotocol.com/veocean-data-farming/veocean-data-farming-tutorial) is a good start.
<summary>Should I passively stake and earn income, or is it better to be an active speaker? Are there any risks associated with active staking?</summary>
You can't be an active staker without being a passive one first. In order to actively participate in data curation you first need to [lock](https://df.oceandao.org/passive-df) your OCEAN tokens and receive veOCEAN.
In conclusion, the first and easiest step is to passively be part of Data Farming. There are no risks associated with actively participating in Data Farming, you are just pointing your voting power received by getting veOCEAN towards high-quality assets. Please keep in mind that active rewards have costs associated with mainly represented by the gas fees of the transaction(s) you need to do to actively allocate your voting power to certain data sets.
[veOCEAN](https://docs.oceanprotocol.com/rewards/df-veocean) (vote-escrowed OCEAN) is a special token in the Ocean Protocol ecosystem. Users can obtain veOCEAN by staking their OCEAN tokens for a specific period. This shows commitment to the network. Longer lock periods for veOCEAN typically yield higher rewards.
No, when the locking period concludes, and you withdraw your tokens, the rewards (passive or active) are not automatically claimed. You must claim them separately.
You will get passive rewards by default when you lock tokens. On top of that, you can get active rewards if you actively participate in the program. Here are some [resources](https://docs.oceanprotocol.com/veocean-data-farming/veocean-data-farming-tutorial).
When gas prices are low, which you can check [here](https://www.useweb3.xyz/gas), the locking process occurs in two phases. Initially, you must approve the amount you wish to lock, and subsequently, you execute the lock transaction. If you've previously approved the desired amount for locking, there's no need to repeat the approval step. You only need to approve once, unless you intend to lock a higher amount than what you've already approved.
"Staking" is similar to Ethereum or Chainlink where it gives you access to passive rewards. You can use OCEAN to access both passive and active rewards in Data Farming and earn more OCEAN.
<summary>Should I focus on passive income or be an active staker? What are the risks involved with active staking?</summary>
To optimize your rewards, you can choose to employ both passive and active methods. Passive rewards are automatically earned when you lock your Ocean tokens to acquire veOCEAN. It's crucial to understand that the longer you lock your tokens, the higher your potential rewards can be.
However, it's worth noting that active staking does come with associated costs, such as gas fees, which you will need to cover.
When it comes to active staking, you aren't exposed to additional risks. Your veOCEAN tokens remain securely locked, and your role is to curate datasets by allocating them.
As with any system, inherent risks exist. In terms of the liquidity you provide, rest assured that we have implemented battle-tested contracts, protecting assets worth billions, including veCRV. With this model, there is no liquidity risk, and you are shielded from losing your OCEAN due to Impermanent Loss (IL); your OCEAN tokens are held securely in lock.
<summary>When one withdraws all locked amounts, the active and passive rewards are automatically claimed as well?</summary>
No, when the locking period concludes, and you withdraw your tokens, the rewards (passive or active) are not automatically claimed. You must claim them separately.
<summary> Which chain do most people stake on? What are the staking costs? </summary>
You can only "stake" via eth mainnet.
Data Farming Active Rewards has multi-chain support and you can farm assets on any chain.
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<summary>Are there plans to switch to BNB or another blockchain for staking to reduce costs?</summary>
I'm sorry, but for now, all the earnings for veOCEAN holders can only be claimed on the Ethereum mainnet. We don't have immediate plans to add another chain for VeOcean staking at the moment. However, it's important to note that to be eligible for Data Farming, data assets for DFing can be published on various networks where Ocean Protocol is deployed in production, including ETH Mainnet and Polygon, among others. You can find more information about this in the [documentation](https://docs.oceanprotocol.com/rewards/df-veocean#veocean-earnings).
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<summary>Which chain is veOCEAN be deployed on?</summary>
[veOCEAN & DF](https://github.com/oceanprotocol/contracts/tree/main/contracts/ve) core contracts are deployed on Ethereum mainnet and allow users to allocate veOCEAN tokens to any asset, on any chain.
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<summary>Which networks are eligible for Data Farming?</summary>
Data assets for DF may published in any network where Ocean’s deployed in production: Eth Mainnet, Polygon, BSC, and more.
You can find a list of [all supported chains here](networks/README.md).
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<summary>Where can I find the veOCEAN and DF contracts?</summary>
They are deployed on the Ethereum mainnet, alongside other Ocean contract deployments. You can find the [full list of contracts here](https://github.com/oceanprotocol/contracts/blob/main/addresses/address.json).
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<summary>What is the official veOCEAN epoch start_time?</summary>
veFeeDistributor has a start\_time of 1663804800 (Thu Sep 22 2022 00:00:00).
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<summary>Can I farm on other chains then Ethereum?</summary>
1. veOCEAN exists on ETH mainnet only.
2. Data Farming Active Rewards has native multi-chain support.
Yes. They allocate their veOCEAN to datasets. Then DF rewards follow the usual DF formula: DCV \* veOCEAN stake. Except in this case, although DCV is 0, the gas fees will still count towards calculating rewards.
While we currently don't have a dedicated dashboard for this information, you can access it at the smart contract level. As an example, for Polygon-generated revenue(the most used network), you can view this information on [polygonscan](https://polygonscan.com/address/0x042BFbd88c3998282153088604207b2AeF045b43#tokentxns).
[Datatokens](https://docs.oceanprotocol.com/developers/contracts/datatokens) represent access rights to a specific dataset on the Ocean Protocol. Creators of datasets tokenize their data, creating these datatokens. Each datatoken is unique to a dataset.
To access this data, some technical expertise is required. You can find this information at the subgraph level. In our documentation, we provide a few examples of how to retrieve this data using JavaScript. Feel free to give it a shot by visiting this [page](https://docs.oceanprotocol.com/developers/subgraph/list-datatokens). If it doesn't meet your requirements, don't hesitate to reach out to us on Discord.
Ocean technology is open-source, community-funded, and freely available for use by anyone. Normally, when a developer wishes to use Ocean, they will let the core team know and we make a joint announcement if both parties agree.
A developer can fork various components from our GitHub repository and create their own. Within the default Ocean code, there is a 0.1% fee per transaction in the Ocean or H2O token or a 0.2% for transactions in other tokens, which is returned to the Ocean community for continued Ocean technology development.
We have a [tutorial](https://docs.oceanprotocol.com/discover/networks/bridges#binance-smart-chain-bsc-bridge) specific for this. Please double-check the addresses and make sure you are using the right smart contracts.
<summary>How to bridge my mOcean back to Ocean? Can mOcean be bridged? What is the correct Ocean contract address on the Matic network? Where can I find it? </summary>
The OCEAN token address on the polygon network is [0x282d8efCe846A88B159800bd4130ad77443Fa1A1](https://polygonscan.com/address/0x282d8efCe846A88B159800bd4130ad77443Fa1A1).
Yes, the tokens can be bridged. Please follow this [tutorial](https://docs.oceanprotocol.com/discover/networks/bridges#polygon-ex-matic-bridge) to bridge to/from polygon.
Ocean offers faucets for every test network where the smart contracts are deployed. These faucets provide test Ocean tokens, allowing you to experiment with various functionalities of the platform. It's important to note that the tokens on these networks do not have any real-world value and are exclusively intended for testing purposes. Here are the faucets available:
<summary>If a dataset consists of 100 individuals' private data, does this solution allow each individual to maintain sovereign control over their data while still enabling algorithms to compute as if it were one dataset?</summary>
Each individual could publish their dataset themselves, to get a data NFT. From the data NFT, they can mint datatokens which are to access the data. They have sovereign control over this, as hold the keys to the data NFTs and datatokens, and have great flexibility in how to give others access. For example, they could send a datatoken to a DAO for the DAO can manage. Or they could grant datatoken-minting permissions to the DAO. The DAO could use this to assemble a dataset across 100 individuals.
Learn more about Data NFTs on the [Docs](https://docs.oceanprotocol.com/developers/contracts/data-nfts).
To be fully decentralized means no single point of control, at any level of the stack. The OCEAN token is already fully decentralized. The Ocean core tech stack is already fully decentralized too: smart contracts on permissionless chains, and anyone can run support middleware. The Data Farming incentives program has some centralized components; we aim to decentralize those in the next 12-24 months.
For both providers and consumers of data, blockchain is a superior substrate for building applications. Blockchain allows business logic to be instantiated in a network and triggered by the users, without intermediaries. This innovation promises lower transaction costs, higher security, more control, fewer errors, and more transparency & auditability.
No one is able to access data via the blockchain without purchasing access (with the datatoken) through the smart contract. Ocean smart contracts encrypt the URL to the dataset before it is published on the blockchain. This means that only the encrypted URL will be queryable in the public blockchain. Ocean technology facilitates data access to the consumer via a proxy (Ocean Provider) and the unencrypted URL is never exposed.
The blockchain can do more than just store information - it can also run code. A smart contract is an executable script that runs on the blockchain, with no intermediary, and is fully transparent and auditable by anyone. In Ocean, smart contracts facilitate access to data and AI if the access conditions set out by the publisher are fulfilled.
A datatoken is an access token to datasets and services published in the Ocean ecosystem. Datatokens can be purchased via the Ocean Market or on a decentralized crypto exchange. If a consumer wishes to access a dataset, they must acquire the datatoken and then exchange the datatoken for access to the dataset.
Datatokens can be acquired and traded in Ocean Market. There are several ways to acquire data tokens. Data publishers can acquire datatokens by publishing datasets and then receiving the generated datatokens.
2. Join the Discord channel called #treasure-hunter.
3. Access the application form: "[Apply](https://discord.com/channels/612953348487905282/1133478278531911790) to use this channel."
4. Answer the questions in the application form.
5. Once you've completed the application process, you can start earning experience points (XP) by actively engaging in discussions on various topics related to the Ocean Protocol.
Yes, the Ocean Protocol Ambassador Program rewards contributors with weekly bounties and discretionary grants for growing the Ocean Protocol communtiy worldwide
<summary>How rewarding is the ambassador program currently? Is it worth getting involved?</summary>
The rewards vary depending on your goals, as they come in various forms. To begin with, there are financial incentives. Furthermore, you gain access to a team of proficient specialists who can aid in enhancing your skills. Valuable networking opportunities also constitute a substantial advantage.
