All about Ocean Protocol (OCEAN): Type of Blockchain, Where to Buy and Store, OCEAN Price Prediction

Artificial Intelligence (AI) is spreading in popularity but to train it properly, huge volumes of high-quality data are needed. Such data can be provided by companies that normally have no or low expertise in AI use.

The goal of Ocean Protocol is to enable AI creators to access high-quality data and provide enterprises with the required AI expertise. The project creators do it by creating a decentralized data exchange where AI startups can access reliable data in the needed volumes, and companies - monetize the data they have stored and access quality AI expertise.

Ocean Core Components

The core of Ocean Protocol consists of the following main components:

• Data tokens - they can be minted on the Ethereum blockchain as ERC-20 tokens and grant access to specific data sets. Data tokens can be stored in any Ethereum-compatible wallet like MetaMask.
• Data NFTs - they are tradable ERC-721 tokens (NFTs) that represent data on the decentralized data exchange.

In other words, data tokens bridge the data sets with a blockchain by providing AI developers with access to data sets, and data NFTs represent data in those data sets.

Another feature worth attention is compute-to-data. Enterprises store a lot of private data which is the most valuable. However, it is impossible to expose it to the public or 3rd parties. With Compute-to-data, this data is not shared directly but specific access is granted to it. With this access, 3rd parties don’t access the data but can perform specific computing jobs that further can be used to train AI.

Ocean Protocol also provides a set of tools needed to create and launch own data marketplaces.

In the long term, the project can be highly beneficial for AI developers, scientists, businesses, and anybody who needs access to reliable data.

Where to Buy and Store OCEAN

Ocean Protocol runs on the Ethereum blockchain, and all tokens are minted in the ERC standard. Thus, OCEAN can be stored in any Ethereum-compatible wallet.

OCEAN is a very popular asset supported by all major exchanges such as Binance, Gate.io, KuCoin, and others.

LetsExchange also supports this token. You can buy it in a Swap or DEX mode for over 4,000 other coins and tokens, at the best rates available in the market.

LetsExchange allows you to exchange OCEAN without a mandatory account registration and almost with no upper limits. The number of swaps is also unlimited.

If you register an account, you get access to additional tools that will help you to monitor and manage your crypto portfolio, the history of swaps, and a profitable affiliate program. You can create a referral link to share with your followers, or a widget/button to place it on your page or website and let others swap crypto by using it. You get the affiliate commission for each swap made by using your referral link, widget, or button.

OCEAN Price Prediction

Ocean Protocol is currently at the 166 rank based on the market capitalization. The all-time high of the token is $1.93, and the all-time low is $0.01284832.

Currently, the token is being traded at $0.52.

Ocean Protocol is a promising project, this is why forecasts for the future are optimistic.

Based on the forecast by PricePrediction.net, OCEAN will be traded at an average of $0.67 in 2024. TradingBeast is more optimistic with the forecast that during the same year, OCEAN will be traded at around $0.88.

2025 is expected to deliver some growth for the token. So, WalletInvestor expects OCEAN to reach the value of $1 and exceed it. PricePrediction.net, on the contrary, claims that the token may drop again to the level of $0.52.

The forecasts for 2026 are mainly positive, with WalletInvestor and PricePrediction.net claiming the token will be traded above $1, at $1 - 1.88. TradingBeast though has a different opinion claiming that OCEAN’s value will drop to $0.01 at the end of 2026.

2027 looks to be more pessimistic, with TradingBeast forecasting that OCEAN will be traded at $0.56, PricePrediction.net claiming that the OCEAN value will drop to $0.1. Only WalletInvestor is positive regarding the token, with the forecast that OCEAN value will climb to up to $2.02.

In the long-term, specialists have completely polar opinions on the OCEAN development. TradingBeast believes that the token won’t have any further growth, and by 2030, its value will be around $2.88. PricePrediction.net is also of the same opinion, claiming that the OCEAN price will drop to $0.01 by the end of 2030. WalletInvestor remains more positive but even this resource predicts the token plummeting, claiming that by the end of 2030, the OCEAN price may be around $0.58.

Conclusion

Even though OCEAN price predictions are not promising in the long term, the project has great perspectives. With the development and adoption of AI, and the need to access high-quality data to advance with it, the Ocean Protocol’s importance in the ecosystem will be increasing. Along with the AI development, Ocean Protocol offers invaluable tools and resources to science, medicine, and other sectors where access to high-quality data is crucial. This is why the OCEAN token is a promising investment with perspectives in the long run.