Ocean Protocol Continues Support To SingularityNet By Collaborating With SingularityDAO
SingularityDAO is a non-custodial DeFi solution allowing members to manage dynamic token sets (called DynaSets) consisting of a bundle of utility tokens. These DynaSets are somewhat parallel to ETFs in traditional finance.
Ocean Protocol is governed by a Singapore based non-profit foundation, whose mandate is to ensure open access to the protocol and platform, provide data governance, encourage the network ecosystem growth, and take measures to ensure that the platform becomes ever more decentralized with time.
The collaboration between SingularityDAO and Ocean Protocol will allow the OCEAN token be included in SingularityDAO’s initial DynaSets, benefiting from the increased liquidity provided by their AI. On the other hand, SingularityDAO’s AI agents use Ocean data sets to benefit its members.
“Ocean Market and SingularityNET’s data-hungry AI agents make for a natural fit. Anyone can publish & trade data sets as well as algorithms for AI on Ocean Market all of which can be utilized to enhance SingularityDAO’s AI efficacy. This collaboration will also scale the demand side on Ocean Market. As both our ecosystems grow, we look forward to ever greater synergies between the two.”— Manan Patel, Growth Accelerator at Ocean Protocol
Compute-to-Data Market was successfully launched by Ocean Protocol a month ago. Compute-to-Data resolves the tradeoff between the benefits of using private data, and the risks of exposing it.
“I’m really excited by the opportunity to work together with Ocean Protocol, one of the most respectable projects in crypto who has been constantly delivering community-driven, decentralized data solutions. SingularityDAO will constantly make use of data to train our ML and I can’t think of a better partner than Ocean Protocol.”—Marcello Mari, CEO at SingularityDAO
ABOUT SingularityDAO
SingularityDAO is a decentralised platform, governed by the SDAO token, tasked with governing DynaSets. DynaSets are diversified baskets of cryptocurrency assets dynamically managed by AI and curated by the protocol. SingularityDAO brings the financial sophistication of AI-managed funds to DeFi, deploying SingularityNET’s AI technology to navigate complex markets.
ABOUT Ocean Protocol
Ocean Protocol’s mission is to kickstart a Web3 Data Economy that reaches the world, giving power back to data owners and enabling people to capture value from data to better our world. The Ocean token is used to stake on data, to govern Ocean Protocol’s community funding, and to buy & sell data. Its supply is disbursed over time to drive near-term growth and long-term sustainability. OCEAN is designed to increase with a rise in usage volume.
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