OceanProtocol News

deltaDAO on OCEAN🌊 ✅The @gaiax_aisbl #hackathon4 is over and we want to thank all participants for their passionate contributions! We feel very honored to be part of this #GaiaX community and to work together on the vision of a digital data economy according to European values. https://t.co/WWEpqTrgOQ ✅Our joint validation platform with @EuProGigant shows that a real-world adaptation of Gaia-X is not far away. The integration of the Trust Framework into the demonstrator proves that Gaia-X compliance can be used. Check it out here: https://t.co/4yWwRJ95O3 ✅Together with Gaia-X and @oceanprotocol we are one step closer to opening the prevailing data silos and creating an ecosystem where data can be shared and monetized in a trustworthy environment. We want to give users control back over their data. And it's working. https://twitter.com/deltaDAO/status/1539488487229034497?t=XCAAJxrNcjAdyzjbKbVzbw&s=19

Great panel discussion with @BrucePon (@oceanprotocol) @pbusch42 (@BoschGlobal) and Hartmut Müller (@MercedesBenz) on the adoption and future of the #cryptoeconomy #data #DAOs and our personal twins in the #metaverse. Winter time ❄️ = BUIDL time 👷 @RolandBerger https://twitter.com/PierreSamaties/status/1539224833871028225?s=20&t=BoMO52662p_luYnv-wti8w

📚 Keen to deep dive into the numbers of #DF? Want to learn how to calculate APY from compounded WPY? Read Ocean founder @trentmc0 latest article, ask your questions during today's AMA or anytime after that, with hashtag #datafarming 💡https://blog.oceanprotocol.com/ocean-data-farming-examples-c2d67a17b5f5 https://twitter.com/oceanprotocol/status/1539550366437896193?s=20&t=BoMO52662p_luYnv-wti8w

Data farming is raging on, Oceaners!🚀🚜 If you haven't started staking yet, not to worry! 😎🌊 Here are some notes and worked examples to help you better understand how rewards are distributed!👇 In Data Farming, more consumption equals more rewards. But how does consumption impact weekly earnings? As per data farming rules, stakers are eligible to earn weekly rewards up to 125% APY whenever a dataset is consumed. Q1: What does consumption mean? What if I stake on data with no consumption? ✅A: No consumption equals no rewards. Example: Alice stakes 100,000 OCEAN into Bob's dataset. However, Bob's dataset has not been curated recently and, because of that, it registered no sales. Because Bob's dataset was not consumed this week, Alice will not receive any rewards. Q2: How can I pick a dataset? How can I increase consumption? What are the differences between staking and data farming? ✅Example: Bob decides to update his dataset and promote it. This creates more interest, which leads to more people consuming it. As a consequence, Bob and Alice both benefits from the data activity. Bob registers one sale, and Alice earns 2 rewards: a fee on all pool trades proportionally to her share of the pool + data farming rewards. Data farming rewards, in fact, are extra incentives paid on top of swap fees, and based on the amount staked and data consume volume. Let's walk through the formulas used to calculate Data Farming rewards 👇 Where: i = staker = Alice j = pool = Bob's pool 1️⃣ Reward Function ᵢⱼ = Amount Staked ᵢⱼ * Consumptionⱼ This formula calculates the reward function of staker i into pool j. This means that if Alice stakes 100,000 OCEAN into Bob's pool, her reward function equals to 100,000 OCEAN multiplied by Bob's data consume volume. However, Alice final rewards are calculated based on total amount staked across ALL pools. If there are more pools in the market other than Bob's, Alice rewards will be shared based on how big her share of the pool is against the total. The bigger pool share, the bigger rewards. 2️⃣ Pool Share Score = (Reward Function ᵢⱼ / Total Reward Function) This formula serves to calculate Alice's rewards proportionally to the total amount staked across all pools. So, if Alice is the only staker in Bob's pool and Bob's pool is the only pool available in the market, Alice will receive 100% of the weekly rewards available for that pool. This means Alice will have a Pool Share score of 1. What does this mean in OCEAN terms? 3️⃣ Weekly Rewards ᵢ = Pool Share Score * Total Amount Staked * WPY This formula calculated Alice final rewards by aggregating Alice's pool share, the total amount staked across different pools by all market participants and the WPY of DF Alpha which equals to 0.0157171. So, Alice weekly rewards will be calculated as follows: 100,000 * 0.0157171 * 1 = 1571.7 OCEAN 📚 Keen to deep dive into the numbers of #DF? Want to learn how to calculate APY from compounded WPY? Read Ocean founder @trentmc0 latest article, ask your questions during today's AMA or anytime after that, with hashtag #datafarming 🚜 💡https://blog.oceanprotocol.com/ocean-data-farming-examples-c2d67a17b5f5 https://twitter.com/oceanprotocol/status/1539550314550169600?s=20&t=BoMO52662p_luYnv-wti8w

Are your alarm clocks ready⏲ there is only 2h30 left ⏳ Be sure to join us at the 2nd #DataFarming AMA on Ocean Telegram where Ocean founder @trentmc0 is going to be answering your live questions on the DF program! 💥12 PM UTC https://t.me/OceanProtocol_Community https://twitter.com/oceanprotocol/status/1539541181616750592?s=20&t=llO_tvdQSJsL3ksBhun9WA

You have burning🔥questions about Data Farming🚜and we want all of them to be answered! Ocean founder @trentmc0 is hosting a second #DF AMA: live questions, live answers! Join us TOMORROW @ 12 PM UTC on Ocean's TG channel and fire away! https://t.co/jZfuWEch8r Cannot make it to the event? We've got you covered! Ask your questions here in a comment to this tweet or in the Ocean Telegram channel with the hashtag #DataFarming and we will get them answered for you! See you tomorrow!

FEATURE 📇"Ocean Protocol’s marketplace pioneers incentivisation of data owners to take control of their data" Explore how OceanONDA V4 speeds the adoption of "unchartered horizons" like DeFi in this latest article by @Crypto_Potato! @realdatawhale https://cryptopotato.com/onda-web-3-data-marketplace-on-ocean-protocol-to-redefine-data-monetization/ https://twitter.com/oceanprotocol/status/1539233215323459585?s=20&t=zw5RfcqCdktUEb7p9hIjWg

💡MetaGameHub DAO on OCEAN🌊: ✅We have successfully migrated our datasets to @oceanprotocol ONDA V4 The Metaverse LAND dataset has the second largest TVL on the marketplace🚀🚀🚀🚀 Forget about the bear market, its farming season!🧑🏽‍🌾 https://market.oceanprotocol.com/asset/did:op:053982d25efa70507165b513a00bdbe6b3a5aeb47d212dcb9cf942cac377db1e https://twitter.com/MGH_DAO/status/1538911440370864130?s=20&t=zw5RfcqCdktUEb7p9hIjWg

💡StealthEX on OCEAN: Understanding @oceanprotocol might be a bit tricky; that's why our team has prepared a whole dedicated page about it! 🌊 Take a moment to learn about what $OCEAN is, its features, its possible future, and the tech ⚙️ https://stealthex.io/coin/ocean-protocol https://twitter.com/StealthEX_io/status/1538919674162855946?s=20&t=IN9u6cjm45tpQjS-x0zDVA

🌊Next on the @gaiax_aisbl #hackathon4 agenda: the integration of a real-world manufacturing use case into the #GaiaX framework. We continue, what we have started together with @EuProGigant during the @hannover_messe. ✅With its industry-related use cases, EuProGigant perfectly fits with our ambitions to enable open, transparent, secure and decentralized digital ecosystems. ✅Visitors could experience how the data of two connected CNC machining centers at different locations flew together on one platform and were made available securely and decentralised via the Minimal Viable Gaia-X Demonstrator of @deltaDAO, based on @oceanprotocol. ✅Now we go one step further and integrate the Gaia-X Compliance Service and Trust Framework into the validation platform. The Trust Framework, previously known as the Gaia-X Compliance and Labelling Framework, has the same guiding principle. ✅To ensure common governance and the basic levels of interoperability between ecosystems. The Gaia-X self-description files have also been linked to the Trust Framework. You can find the new Trust Framework document here: https://gaia-x.eu/wp-content/uploads/2022/05/Gaia-X-Trust-Framework-22.04.pdf ✅In our hacking session, we will create a set of self-descriptions that aim to be Gaia-X compliant. Together with the Gaia-X community we will further develop the Compliance Service and the EuProGigant Demonstrator. You can find the Demonstrator here: https://euprogigant.portal.minimal-gaia-x.eu https://twitter.com/deltaDAO/status/1539147359610970112?s=20&t=WI6cjwFjd_TIkvzCMXDeLw

OceanONDA V4 introduced data NFTs - it's now time to get more details on how to publish them and @Jamie_Hewitt_ 's blogpost is a very good introduction to that. #theyearofadoption 🌊 Before starting the process, users will need to identify a dataset they want to publish, a browser wallet (Metamask is recommended), some Ether and some OCEAN tokens. 🪙 Then all you need to do is to follow the steps below 👇 ✅Connect your wallet 💥Select the button that says "Connect Wallet" and click on Metamask 💥Proceed to connect your account via the pop-up. ✅Setting the Metadata 💥Fill out the publish form with metadata for your data asset 💥Select the image to represent your data NFT. 💥Choose access to your data between  "download" or "compute" ✅Creating Pricing OceanONDA offers 3 pricing models 👇 💥Fixed: Publisher sets a price to the data asset 💥Dynamic: Price is determined by the Automated Market Maker (AMM) 💥Free: No price to access the data asset although gas fees still apply ✅Preview and Review 💥Double-check that you're happy with everything that you inputted. ✅Submit and Sign Transactions 💥Click submit and sign on 3 transactions - creating the pricing, minting the datatokens, and allowing Ocean Market to use them. All done!🚀 The dataset is now published and publishers will be able to see it for sale in Ocean Market. For a more comprehensive overview, access the dedicated blog post here: https://blog.oceanprotocol.com/how-to-publish-a-data-nft-f58ad2a622a9 https://twitter.com/oceanprotocol/status/1539187061470920705?s=20&t=WI6cjwFjd_TIkvzCMXDeLw

✅The @gaiax_aisbl #hackathon4 begins in 30 minutes. We're looking forward to contribute to the #opensource #GaiaX community and bootstrap the first Gaia-X real-life use cases. ✅Together with @EuProGigant, a Gaia-X lighthouse project, we integrated the Gaia-X Framework into a real-world manufacturing use case. Powered by #Web3, #DLT and @oceanprotocol. Check out the demonstrator here: https://euprogigant.portal.minimal-gaia-x.eu https://twitter.com/deltaDAO/status/1538778849672036352?s=20&t=7XplQi4uWL0miMv440W04A

Today is the day! The 4th Gaia-X hackathon organised by @deltaDAO is kicking off 😎🔥 Over the next 2 days, explore the recently developed Gaia-X Compliance & Trust Framework and manufacturing use cases with @EuProGigant - powered by Ocean 🌊 ⚙️@EuProGigant is the first Gaia-X lighthouse project, demonstrating the connection to a new European data infrastructure. Built by @deltaDAO with @EuProGigant, the MVG demonstrator – leveraging Ocean's tech stack, it is a platform to find, publish and consume data services in the @gaiax_aisbl Test Network🔧🌊 Check it out here: http://euprogigant.portal.minimal-gaia-x.eu https://twitter.com/oceanprotocol/status/1538870396866691073?s=20&t=7XplQi4uWL0miMv440W04A

We’re on @oceanprotocol’s #DataFarming Week 1! 🚀 💰 Receive $OCEAN for sourcing liquidity to #OCEAN data pools 💸 Multiply your rewards by staking datasets 🤝 Enjoy maximized data supply reward function and more 👀 Don't forget to check👇 https://market.oceanprotocol.com/ https://twitter.com/H2O_data/status/1538797550827888640?s=20&t=7XplQi4uWL0miMv440W04A

We start the week strong 💪by walking you through all the opportunities OceanONDA V4 has to offer, one demo at a time! 📺🎙 Ocean's @Jamie_Hewitt_ explains how the process of swapping Ocean tokens for datatokens works in the V4 market 🚀🌊 Dive in and try it out! https://twitter.com/oceanprotocol/status/1538840040339808258?s=20&t=aBqG1bxiG-yv90VwT7S-Yg

ICYMI| This week at Ocean 🌊 🚀Data Farming is LIVE with new opportunities to earn, and *stake* into Ocean Market pools to scale data consume volume in the Ocean ecosystem. Read the dedicated blog post on the program here: https://blog.oceanprotocol.com/ocean-data-farming-is-launching-f633532d831c 🚀The Ocean V3 Airdrop has been completed ✅ with a total of 7,676,689 $OCEAN airdropped to all the V3 participants who experienced a loss while publishing, staking or acquiring datatokens. EVENTS 📅 🎙Founder @BrucePon answered live questions from the community on the OceanONDA V4 at the Telegram AMA MEDIA📺 Ocean was featured in 11+ articles in leading crypto publications like @beincrypto, @crowdfundinside, @cryptod0tnews, @CoinCodex and more! https://twitter.com/oceanprotocol/status/1537803186475769857?s=20&t=HiVty6Pn4XoRjujo__xUSA

So many questions!💬 Data Farming is making some huge waves!🚜 For asking the most interesting questions on #DF as part of #DailyChallenge 5, @SupplyDefi @LitaBuba @ov3rlord have won 1 x NFT from the solarpunk underwater artwork! CONGRATULATIONS 🎊❤️‍🔥 PFA the next steps! 👇 ✅DM us on Twitter with your email and wallet addresses to claim your reward! The NFTs will be transferred by next week! Let's hold on to that curiosity as more challenges are underway! #OceanONDAV4

"There is going to be a single KPI driving Ocean Data Farming - data consume volume" We want to make sure you do not miss any important discussions! 👀😎 The full recording of Data Farming launch event with founder @trentmc0 is available! https://twitter.com/i/spaces/1OyKADYOldDxb Dive in!🚜