Ocean Protocol Leverages NFTs on Web 3.0

Ocean Protocol is the first crypto project that plans to leverage the NFT concept to create a data marketplace. The platform will allow you to turn your data assets into NFTs, using the technology to tokenize, control access, and monetize your data with nothing more than a Web 3.0 wallet and an Internet connection. Due to the level of innovation in the concept, the World Economic Forum has given Ocean Protocol a technology pioneer award for 2021. After launching its beta version in 2020, Ocean Protocol experienced a massive uptick in demand, and it has since grown so much that Ocean Data Market v4 is coming soon. The platform will also reward yield farmers, incentivize taking on premium data, and use a native token called OCEAN. Aside from generating revenue from data NFTs, users can allow more access to the data using sub-licenses in Datatokens. The tools for creating data NFTS are coming soon, but users can learn more today by downloading the ALGA wallet. At press time, the OCEAN protocol token was trading at 62.61 cents, down almost 5% in early trading.