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17 lines
2.1 KiB
Markdown
17 lines
2.1 KiB
Markdown
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# Fractional Ownership
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Fractional ownership is an exciting sub-niche of Web3, at the intersection of NFTs and DeFi. IT allows co-ownership of data IP.
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Ocean provides two approaches to fractional ownership:
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* Sharded holding of ERC20 datatokens, where each ERC20 holder has the usual datatoken rights as described above, e.g. 1.0 datatokens to consume an asset. This comes out-of-the-box with Ocean.
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* Sharding ERC721 data NFT, where each co-holder has right to some earnings against base IP, and co-controls the data NFT. For example, there’s a DAO with the sole purpose to hold the data NFT; this DAO has its own ERC20 token; DAO members vote with tokens to update data NFT roles or deploy ERC20 datatokens against the ERC721.
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Note: For (2), one might consider doing sharding with something like Niftex. But then there are questions: what rights do the shard-holders get exactly? It could be zero; for example, Amazon shareholders don’t have the right to walk the hallways of the Amazon offices just because they hold shares. Secondly, how do the shard-holders control the data NFT? These questions get resolved by using a tokenized DAO, as described above.
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Data DAOs are a cool use case whenever you have a group of people that wish to co-manage data, or bundle up data for larger collective bargaining power. The DAO may be a union, co-op, or trust.
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Consider the following mobile app example. You install the app; it has a built-in crypto wallet; you give the app permission to see your location data; the app gets the DAO to sell your (anonymized) location data on your behalf; the DAO sells your data bundled along with thousands of other DAO members; as a DAO member you get a cut of the profits.
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This has several variants. Each member’s data feed could be its own data NFT with associated datatokens. Or, there’s simply one data NFT aggregating datafeeds across all members into a single feed, and the feed is fractionalized by sharded holding of ERC20 tokens (1 above) or sharding the ERC721 data NFT (2 above). If you’re interested in starting a data union then we recommend getting in touch with our friends at [Data Union](https://www.dataunion.app/).
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