OCEAN to Fiat Converter

### 1) What Is Ocean Protocol (OCEAN)?

Ocean Protocol combines blockchain technology, decentralized networks, and cryptographic techniques to enable secure and privacy-preserving data sharing. Its goal is to create tools and services that support a new Data Economy, giving data owners control while maintaining privacy and fostering commercialization through data marketplaces.

Ocean Protocol was established to develop technology for a Data Economy at the intersection of blockchain, data, and AI. It has pioneered several innovations, including early patents for NFTs, token engineering, and data tokens.

Learn more about Ocean Protocol’s mission and values here.

---

### 2) Who Are the Founders of Ocean Protocol?

The founders have extensive expertise in big data, blockchain, artificial intelligence, and data exchanges, along with entrepreneurial, design, and technical experience. Additionally, Ocean Protocol has over 35 global advisors with recognized knowledge in AI, blockchain, big data, business, and policy. These advisors were selected based on their alignment with the mission of unlocking data and AI for societal benefit.

---

### 3) What Makes Ocean Protocol Unique?

Ocean Protocol enables access to previously unavailable or hard-to-obtain data by allowing individuals and organizations to tokenize their datasets and list them on the Ocean Market. This creates new revenue opportunities for data publishers while providing researchers, scientists, and analysts with more reliable data sources.

The protocol also offers tools for businesses to build and launch their own data marketplaces—either by forking Ocean Protocol or using its React hooks. Comprehensive documentation supports this process.

OCEAN token holders can lock their tokens at df.oceandao.org to earn veOCEAN. They can then receive passive rewards by holding veOCEAN or active rewards by staking on datasets.

For more details, visit the Data Farming guide.

---

### 4) How Many Ocean Protocol (OCEAN) Tokens Are in Circulation?

The total supply of OCEAN tokens is fully minted, with proceeds deposited into OceanDAO multisignature wallets. These wallets require seven signers, consisting of core Ocean team members, community representatives, and founders of other Web3 projects—with core team members being a minority.

For further information, refer to the OceanDAO documentation.