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How a Web3 Protocol is empowering people by unlocking Data

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by COINS NEWS 143 Views

Data is produced by anyone anywhere, everything is data Big companies like Meta,Google,almost all social media platforms steal your data and sell it for millions,you will be like, meh why should i care i will live like usual but it is not what you are thinking, imagine you could earn from selling your data willingly to people in a decentralized way everyone would earn, companies and those aware of what Data is benefit heavily from user data if they would buy your data,both of you are happy,they wanted user data they got it you wanted to monetise your data you were successful, now i want you to imagine a world like that,how cool would it be right?It is not a dream it is actually happening gradually,an outstanding project is unlocking Data and the opportunities for the people and it is Ocean Protocol,their version 4 of data marketplace went live on 8th of June which let's users create datasets(these are like normal cryptocurrency token but they represent your data),you can upload DataFi directories for other users to buy, for instance recently DataLatte started a program where users willingly submitted their Netflix search history and guess what they got money by doing this,for real Now,DataLatte has put this data from hundreds of users in a DataFi directory up on Ocean marketplace,in this way both the sides benefited by doing this,Data economy is worth trillions but hasn't been properly unlocked yet,if you are reading this you are early Ocean Protocol is unlocking this data economy as i discussed what their dapp i.e data marketplace, does!I hope you got a glimpse of what is about to come, data will be the next wave in Crypto industry

submitted by /u/Dry-Composer4090
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