The race is on! 🏎
Vote for your favourite projects and have your say in growing the Ocean ecosystem 🌊
@OceanDAO_ Round 19 voting has kicked off as of yesterday @ midnight UTC ✅
Cast your ballot by the DDL: July 11 @ midnight UTC⏰
https://twitter.com/oceanprotocol/status/1545396118099460097?s=20&t=CiMWuH5_YjFT5Bg5OMk9hQ
Vote for your favourite projects and have your say in growing the Ocean ecosystem 🌊
@OceanDAO_ Round 19 voting has kicked off as of yesterday @ midnight UTC ✅
Cast your ballot by the DDL: July 11 @ midnight UTC⏰
https://twitter.com/oceanprotocol/status/1545396118099460097?s=20&t=CiMWuH5_YjFT5Bg5OMk9hQ
H20 on OCEAN🌊
You’ve probably heard the news—@coinbase reportedly sells users’ data to a US agency. Alarming, as it should be.🚨
While the crypto exchange denied the allegation, it’s good to pinpoint how these platforms and other companies are using your #data.
Most people are unaware of how much of their activities are being monitored—interactions, the products/services you frequently view, the links you click. 🧑🤝🧑🛍
Once you become part of the user base, these are all collected and linked to you to understand your behavior as a user, creating your unique digital footprint.
This is why you’ll see @facebook posts or @instagram reels categorized based on your interests. 📱
It’s understandable that these companies would want to collect your data to protect themselves (and you) from potential fraud. Sometimes, even required by law to verify your identity. However, it should NEVER be the purpose to SELL your data without your consent. 🙅
Your data is worth more than you think. Tech giants like Alphabet, Meta, Apple, and Amazon use data as the main currency of trade, which takes place in private digital marketplaces where data is sold to the highest bidder to gain access to your digital footprints.
This provides them more targeted services and advertisements.
They’ve made their fortunes and built their empires off the backs of data.
It’s time to take control of what is ours! Protect your data! Carefully read terms and conditions. Used #Decentralized apps (dApps). There’s a place in #web3 that allows you to monetize data if YOU choose to.
@oceanprotocol, for example, allows users to freely exchange and sell valuable data, all on-chain.
Data protocols like us H2O, @oceanprotocol, & @dataxfi are shaping the future of the data economy in web3 and have made it their mission to ensure that users are no longer products for monopolistic mega-corporations.
While we’re at it, let’s take a closer look at our previous report on #data as an asset class. 👇👇
https://medium.com/@H2Odata/the-datafi-economy-c9381bc62687
https://twitter.com/H2O_data/status/1545376730382499841?s=20&t=YtnKoGXExtaDXRz3EvWXag
You’ve probably heard the news—@coinbase reportedly sells users’ data to a US agency. Alarming, as it should be.🚨
While the crypto exchange denied the allegation, it’s good to pinpoint how these platforms and other companies are using your #data.
Most people are unaware of how much of their activities are being monitored—interactions, the products/services you frequently view, the links you click. 🧑🤝🧑🛍
Once you become part of the user base, these are all collected and linked to you to understand your behavior as a user, creating your unique digital footprint.
This is why you’ll see @facebook posts or @instagram reels categorized based on your interests. 📱
It’s understandable that these companies would want to collect your data to protect themselves (and you) from potential fraud. Sometimes, even required by law to verify your identity. However, it should NEVER be the purpose to SELL your data without your consent. 🙅
Your data is worth more than you think. Tech giants like Alphabet, Meta, Apple, and Amazon use data as the main currency of trade, which takes place in private digital marketplaces where data is sold to the highest bidder to gain access to your digital footprints.
This provides them more targeted services and advertisements.
They’ve made their fortunes and built their empires off the backs of data.
It’s time to take control of what is ours! Protect your data! Carefully read terms and conditions. Used #Decentralized apps (dApps). There’s a place in #web3 that allows you to monetize data if YOU choose to.
@oceanprotocol, for example, allows users to freely exchange and sell valuable data, all on-chain.
Data protocols like us H2O, @oceanprotocol, & @dataxfi are shaping the future of the data economy in web3 and have made it their mission to ensure that users are no longer products for monopolistic mega-corporations.
While we’re at it, let’s take a closer look at our previous report on #data as an asset class. 👇👇
https://medium.com/@H2Odata/the-datafi-economy-c9381bc62687
https://twitter.com/H2O_data/status/1545376730382499841?s=20&t=YtnKoGXExtaDXRz3EvWXag
Medium
The DataFi Economy
Introduction
ICYMI| This week at Ocean 🌊
✅The Ocean Data Bounty Program is now live. #DB seeks to empower data providers to better package, price and market their data.
Read more here:
https://blog.oceanprotocol.com/introducing-the-ocean-data-bounty-7eb1e3bf3c0a
https://twitter.com/oceanprotocol/status/1545425236295925760?s=21&t=Ktsko8tsgODllLOpjo1oKg
✅The Ocean Data Bounty Program is now live. #DB seeks to empower data providers to better package, price and market their data.
Read more here:
https://blog.oceanprotocol.com/introducing-the-ocean-data-bounty-7eb1e3bf3c0a
https://twitter.com/oceanprotocol/status/1545425236295925760?s=21&t=Ktsko8tsgODllLOpjo1oKg
Medium
Introducing the Ocean Data Bounty
Helping data providers to package, price and market their data
This media is not supported in your browser
VIEW IN TELEGRAM
Will Incentivising #Data affect how we interpret #digitalassets and the direction of #Web3?
JOIN US next week w/ @BrucePon of @oceanprotocol & our superstar #CNTV host @alex_fazel ✨
📍You should set your reminders now for July 13 @ 8 pm BST 📺⏰ 👉🏼 https://youtu.be/POwLbhn4KFw
https://twitter.com/CryptonitesTV/status/1545409646403665927?s=20&t=5h9A2NfUWyjdNSZhB6Ud5g
JOIN US next week w/ @BrucePon of @oceanprotocol & our superstar #CNTV host @alex_fazel ✨
📍You should set your reminders now for July 13 @ 8 pm BST 📺⏰ 👉🏼 https://youtu.be/POwLbhn4KFw
https://twitter.com/CryptonitesTV/status/1545409646403665927?s=20&t=5h9A2NfUWyjdNSZhB6Ud5g
Oceaners 🌊 ⚠️
A vulnerability exists in Ocean pools where one could stake, buy datatokens, unstake, and then sell datatokens.
In certain pools with sufficient liquidity, this can be profitable and when performed repeatedly, will result in a portion of OCEAN being drained from the pool.
This vulnerability is mitigated with an increase in the swap fee to 15%. Thus, a new fee of 15% has been set and is live. Proceeds from this fee go back to the Ocean community.
We are looking at further measures to eliminate this attack vector and we’ll come back to you when we have something to report.
Ocean Protocol has taken a snapshot and anyone that has taken a loss will be compensated.
https://twitter.com/oceanprotocol/status/1545708401094713344?s=20&t=iaVSSxLOiQ1oNptBZrZI3w
A vulnerability exists in Ocean pools where one could stake, buy datatokens, unstake, and then sell datatokens.
In certain pools with sufficient liquidity, this can be profitable and when performed repeatedly, will result in a portion of OCEAN being drained from the pool.
This vulnerability is mitigated with an increase in the swap fee to 15%. Thus, a new fee of 15% has been set and is live. Proceeds from this fee go back to the Ocean community.
We are looking at further measures to eliminate this attack vector and we’ll come back to you when we have something to report.
Ocean Protocol has taken a snapshot and anyone that has taken a loss will be compensated.
https://twitter.com/oceanprotocol/status/1545708401094713344?s=20&t=iaVSSxLOiQ1oNptBZrZI3w
Twitter
Oceaners 🌊
A vulnerability exists in Ocean pools where one could stake, buy datatokens, unstake, and then sell datatokens.
1/4 🧵
A vulnerability exists in Ocean pools where one could stake, buy datatokens, unstake, and then sell datatokens.
1/4 🧵
This media is not supported in your browser
VIEW IN TELEGRAM
"We could create trillions in economic value around the world🌍"
A future of data-driven value generation - as explained by founder @BrucePon is coming soon in an interview with @CryptonitesTV @alex_fazel⚒️
July 13 @ 7 pm UTC 📺⏰
👉🏼 https://t.co/N0dvQf9NVF
https://t.co/UQsCdDy4TK
A future of data-driven value generation - as explained by founder @BrucePon is coming soon in an interview with @CryptonitesTV @alex_fazel⚒️
July 13 @ 7 pm UTC 📺⏰
👉🏼 https://t.co/N0dvQf9NVF
https://t.co/UQsCdDy4TK
Read how the data of two CNC machining centres converge on one platform across locations and are made available securely and decentrally in this article on the @EuProGigant demo at @hannover_messe with @deltaDAO AG's MVG demonstrator based on Ocean tech!
https://www.hannovermesse.de/en/news/news-articles/give-me-your-code-i-ll-give-you-mine-
https://twitter.com/oceanprotocol/status/1546494528907001858?s=21&t=nJ7dK5JSDv4Se0JkyFyoUg
https://www.hannovermesse.de/en/news/news-articles/give-me-your-code-i-ll-give-you-mine-
https://twitter.com/oceanprotocol/status/1546494528907001858?s=21&t=nJ7dK5JSDv4Se0JkyFyoUg
https://www.hannovermesse.de
Digital Ecosystems: Give me your code, I'll give you mine!
As the first Gaia-X flagship project, EuProGigant will demonstrate at HANNOVER MESSE 2022 how to connect to the new European data infrastructure under the motto "Sharing experience through data exchange" and show how SMEs in particular can cooperate to create…
Oceaners 🌊
You have until midnight UTC to cast your ballots!🗳️
Today is the LAST day for voting for the @OceanDAO_ Round 19!
Make sure to have your say and grow the ecosystem! 👀🚀
You have until midnight UTC to cast your ballots!🗳️
Today is the LAST day for voting for the @OceanDAO_ Round 19!
Make sure to have your say and grow the ecosystem! 👀🚀
Ocean Market pool BELFOR is under attack and funds are being drained. Please remove your liquidity from all data pools now. We are diagnosing the attack vector and will come back to you.
Oceaners 🌊
We are hosting an AMA today with founders @trentmc0 and @BrucePon to discuss the recent liquidity draining attack on Ocean data pools and mitigation measures.
Join today, July 12th @ 4PM UTC and get all your questions answered.
📍Discord: https://t.co/vPcu8ispGa
https://twitter.com/oceanprotocol/status/1546834876015742976?t=br_Rd0rXWYHFF0-mmDMfDA&s=19
We are hosting an AMA today with founders @trentmc0 and @BrucePon to discuss the recent liquidity draining attack on Ocean data pools and mitigation measures.
Join today, July 12th @ 4PM UTC and get all your questions answered.
📍Discord: https://t.co/vPcu8ispGa
https://twitter.com/oceanprotocol/status/1546834876015742976?t=br_Rd0rXWYHFF0-mmDMfDA&s=19
Important ⚠️
At the end of last week, we noticed suspicious behaviour in several Ocean Market data pools that resulted in a loss of some OCEAN.
Here is an overview of what happened since, why it happened and the mitigation measures that are being taken to prevent further attack vectors.
Let's unpack👇
https://t.co/qqIv32svbe
🚨 The first series of attacks took place last Thu around 7pm CEST time. Attacker executed the following actions in loop:
Stake OCEAN in a data pool
Buy datatokens
Unstake OCEAN
Sell datatokens
Through this sequence, small amounts of OCEAN were drained from data pools.
After reports from the Ocean community, we implemented the following change as short-term mitigation:
✅Raised the swap fee to 15% to make the attacks unprofitable
✅We also explored solutions in how to mitigate the risks long term
🚨 On Monday, July 11, the attacker re-started their attempts to drain Ocean data pools, this time using over $600,000 OCEAN.
https://twitter.com/oceanprotocol/status/1546849549259767808
At the end of last week, we noticed suspicious behaviour in several Ocean Market data pools that resulted in a loss of some OCEAN.
Here is an overview of what happened since, why it happened and the mitigation measures that are being taken to prevent further attack vectors.
Let's unpack👇
https://t.co/qqIv32svbe
🚨 The first series of attacks took place last Thu around 7pm CEST time. Attacker executed the following actions in loop:
Stake OCEAN in a data pool
Buy datatokens
Unstake OCEAN
Sell datatokens
Through this sequence, small amounts of OCEAN were drained from data pools.
After reports from the Ocean community, we implemented the following change as short-term mitigation:
✅Raised the swap fee to 15% to make the attacks unprofitable
✅We also explored solutions in how to mitigate the risks long term
🚨 On Monday, July 11, the attacker re-started their attempts to drain Ocean data pools, this time using over $600,000 OCEAN.
https://twitter.com/oceanprotocol/status/1546849549259767808
#veOCEAN is coming to the Ocean ecosystem 🌊
Following feedback from the community and recent learnings, we are introducing veOCEAN to best align the incentives of token holders and liquidity providers.
Continue reading 👇 https://t.co/Cme16cby0x
How?🌟
veOCEAN holders can lock their $OCEAN tokens over a time period to earn rewards and voting power. The longer the lock period, the higher the rewards and the voting power.
They can also vote on proposals and earn rewards, both from consume fees and data farming.
veOCEAN holders can earn passive rewards, solely by locking their $OCEAN.
Or, they can be active by allocating veOCEAN to higher-quality datasets for greater earnings.
Going forward, veOCEAN will be the main mechanism for staking $OCEAN and for curation of datasets. It’s lower risk than Ocean datatoken pools, and it delivers similar benefits.
When? ⏰
https://twitter.com/oceanprotocol/status/1546878528813400064
Following feedback from the community and recent learnings, we are introducing veOCEAN to best align the incentives of token holders and liquidity providers.
Continue reading 👇 https://t.co/Cme16cby0x
How?🌟
veOCEAN holders can lock their $OCEAN tokens over a time period to earn rewards and voting power. The longer the lock period, the higher the rewards and the voting power.
They can also vote on proposals and earn rewards, both from consume fees and data farming.
veOCEAN holders can earn passive rewards, solely by locking their $OCEAN.
Or, they can be active by allocating veOCEAN to higher-quality datasets for greater earnings.
Going forward, veOCEAN will be the main mechanism for staking $OCEAN and for curation of datasets. It’s lower risk than Ocean datatoken pools, and it delivers similar benefits.
When? ⏰
https://twitter.com/oceanprotocol/status/1546878528813400064
Were you not able to attend the live AMA with founders @BrucePon and @trentmc0 today?
The full recording of the event is now available for you here: https://t.co/oqNnf7T6XV
✅The discussions on Ocean market updates and the launch of veOCEAN will continue at the @OceanDAO_ Town Hall #82 tomorrow so be sure to join us then at ⏰3PM UTC and get all your questions addressed!
👉 In the meantime, If you have any suggestions, please make sure to share them by filling in the form below:
https://t.co/Cb6DsXuZJh
The full recording of the event is now available for you here: https://t.co/oqNnf7T6XV
✅The discussions on Ocean market updates and the launch of veOCEAN will continue at the @OceanDAO_ Town Hall #82 tomorrow so be sure to join us then at ⏰3PM UTC and get all your questions addressed!
👉 In the meantime, If you have any suggestions, please make sure to share them by filling in the form below:
https://t.co/Cb6DsXuZJh
LAUNCH| Ocean and Dimitra launch Ideation Bounty to unlock power of agricultural data🌊
This is the 1st bounty of the Ocean #DB program announced earlier to facilitate better quality datasets in Ocean Market, data-driven insights and build algorithms to solve business challenges
https://twitter.com/oceanprotocol/status/1547166783232430080
This is the 1st bounty of the Ocean #DB program announced earlier to facilitate better quality datasets in Ocean Market, data-driven insights and build algorithms to solve business challenges
https://twitter.com/oceanprotocol/status/1547166783232430080
"Web3 is THE tool to get value out of data"⚒️
Listen to founder @BrucePon's interview on a future with privacy-preserving tech in @77WABCradio podcast with host #James Eisenberg of @InterblockCap
Broadcasted on the @BoSnerdley show–Everything's Golden
https://t.co/Qh2JUr9BPW
The potential of having a data wallet with personal data controlled entirely by the user is very real. There are going to be technologies that could peek into it, however, in a privacy-preserving manner with Ocean as the technical base🌊
Listen to founder @BrucePon's interview on a future with privacy-preserving tech in @77WABCradio podcast with host #James Eisenberg of @InterblockCap
Broadcasted on the @BoSnerdley show–Everything's Golden
https://t.co/Qh2JUr9BPW
The potential of having a data wallet with personal data controlled entirely by the user is very real. There are going to be technologies that could peek into it, however, in a privacy-preserving manner with Ocean as the technical base🌊
Join us for the @OceanDAO_ Town Hall #82 today @⏰3PM UTC to discuss all things @OceanDAO_ but also the Ocean Market recent updates and veOCEAN.
Deets: https://t.co/oh8ePXip6J
Deets: https://t.co/oh8ePXip6J
Are. You. Ready? 👀
Only an hour left to go!😃
Founder @BrucePon's interview with @alex_fazel of @CryptonitesTV drops TODAY - July 13 @ 7 pm UTC 📺⏰
Be sure to tune in here https://youtu.be/POwLbhn4KFw
https://twitter.com/oceanprotocol/status/1547277674095476736?s=20&t=Lel_raAZdzgza2fQ3LccGA
Only an hour left to go!😃
Founder @BrucePon's interview with @alex_fazel of @CryptonitesTV drops TODAY - July 13 @ 7 pm UTC 📺⏰
Be sure to tune in here https://youtu.be/POwLbhn4KFw
https://twitter.com/oceanprotocol/status/1547277674095476736?s=20&t=Lel_raAZdzgza2fQ3LccGA
YouTube
What is Data Economy? The Future of AI & Ocean Protocol Explained w/ Founder Bruce Pon | Cryptonites
In the Digital Age, it is inevitable for Data to become one of the most lucrative Digital Assets we can own. Will Incentivising Data not only change the direction of how we interpret Digital Assets but also the direction of Web 3 to a more Data-driven space…
Important ⚠️
While we work on removing the data pool functionality from Ocean Market and implementing veOCEAN for safer staking, this is a reminder for you to❗️remove any remaining liquidity from data pools for a faster transition.
Details: https://t.co/qqIv32svbe
The Ocean team is currently in the process of calculating losses from liquidity provisioning and will be back with more updates for the airdrops, so stay close and keep your notifications on 🔔
While we work on removing the data pool functionality from Ocean Market and implementing veOCEAN for safer staking, this is a reminder for you to❗️remove any remaining liquidity from data pools for a faster transition.
Details: https://t.co/qqIv32svbe
The Ocean team is currently in the process of calculating losses from liquidity provisioning and will be back with more updates for the airdrops, so stay close and keep your notifications on 🔔
Medium
Ocean Market Changes
Analysis & Actions resulting from the liquidity draining attack on Ocean data pools