About Ocean (OCEAN)
The Ocean Protocol is a decentralized data exchange protocol that aims to make data and services universally available for artificial intelligence (AI) applications and more. Token holders can participate in the Ocean Protocol’s decentralized autonomous organization (DAO) governance where 1 OCEAN token is worth 1 vote. The OCEAN DAO, however, is non-binding as the Ocean Foundation has the final say on whether to implement changes to the protocol.
OCEAN is an ERC-20 payment token and serves as the Ocean Protocol’s native token. Data consumers spend OCEAN tokens to access datasets and run AI and machine learning (ML) models via marketplaces, and data providers earn OCEAN tokens for delivering data and services to the network.
OCEAN can be stored in a crypto wallet and custodian like Gemini.
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