• About
  • Advertise
  • Contact
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Ethereum price

    Ethereum price expected to cross $1,300 as bulls dominate the markets

    TaxBit

    TaxBit receives investment funds from PayPal and Coinbase

    Cardano price prediction_ ADA to retest $0.35, analyst

    Cardano price prediction: ADA to retest $0.35, analyst

    Crypto market cap

    Crypto market cap reaches ATH: crosses $1 Trillion

    Litecoin price prediction_ LTC to $180, analyst

    Litecoin price prediction: LTC to $180, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Ripple

    Ripple can serve as a bridge between CBDCs

    Ocean Protocol and Balancer Labs partner to develop an AMM data market 1

    Conversation with Norbert Goffa – Сo-founder of ILCOIN – about the cryptocurrency market, trends and vision

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
  • Home
  • News
    • All
    • Altcoin News
    • Binance News
    • Bitcoin Cash News
    • Bitcoin News
    • Blockchain News
    • Cardano News
    • ChainLink News
    • Cyber Security News
    • Dogecoin News
    • EOS News
    • Ethereum News
    • Exchange News
    • Industry News
    • Litecoin News
    • Monero News
    • Polkadot News
    • Regulation News
    • Research News
    • Ripple News
    • Scam News
    • Token Sale
    • Tron News
    Ethereum price

    Ethereum price expected to cross $1,300 as bulls dominate the markets

    TaxBit

    TaxBit receives investment funds from PayPal and Coinbase

    Cardano price prediction_ ADA to retest $0.35, analyst

    Cardano price prediction: ADA to retest $0.35, analyst

    Crypto market cap

    Crypto market cap reaches ATH: crosses $1 Trillion

    Litecoin price prediction_ LTC to $180, analyst

    Litecoin price prediction: LTC to $180, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Ripple price prediction: Rise to $0.45 ahead, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Bitcoin price prediction: BTC to $43,000, analyst

    Ripple

    Ripple can serve as a bridge between CBDCs

    Ocean Protocol and Balancer Labs partner to develop an AMM data market 2

    Conversation with Norbert Goffa – Сo-founder of ILCOIN – about the cryptocurrency market, trends and vision

    Trending Tags

    • Fintech
    • Bitcoin Industry
    • Stock Market
    • Digital Currency
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events
No Result
View All Result
Cryptopolitan
No Result
View All Result
Home News Blockchain News

Ocean Protocol and Balancer Labs partner to develop an AMM data market

Gorica Gligorijevic by Gorica Gligorijevic
September 24, 2020
in Blockchain News
2 min read
Ocean Protocol and Balancer Labs partner to develop an AMM data market
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • Ocean Protocol will develop a data market based on Balancer’s Automated Market Maker technology
  • This will solve long-standing problems of data markets
  • Data will become an asset class under DeFi management

The Ocean Protocol has announced that they are partnering with Balancer Labs intending to develop the first data market based on Balancer’s Automated Market Maker (AMM) technology. It will be an open-source community-centric marketplace solution for the Initial Data Offerings.

Ocean Protocol entered this partnership because Balancer’s AMMs solution decreases the burden on liquidity. AMMs allows the creation of pools that feature unequal token weights. 

Balancer’s technology also comes with the advantage of dynamically changing weight among tokens. This collaboration was made easier by Ocean Protocol’s founder, Trent McConaghy, and his role as an advisor at Balancer Labs.

RelatedPosts

Blockchain: the covid hunger solution

Blockchain background checks could be mainstream

Blockchain and healthcare

BurstIQ could protect New Zealand’s most vulnerable children

Ocean Market

Ocean Protocol and Balancer Labs are planning to develop and launch the Ocean Market, a decentralized data marketplace that will feature automated data price discovery and authentic data curation. Data marketplaces are the main focus of Ocean Protocol and broadening access and data monetization opportunities.

Ocean Market will solve the trust issue between data providers and marketplace operators, potential loss of privacy, price determination, and much more. It allows data to be published as ERC20 datatokens, auto-priced, auto-discovered, and purchased or consumed as data services.

These features are realized on the decentralized blockchain foundation. The role of Balancer’s AMMs will be primarily the price discovery, but also will add the ability for developers and data providers to fork Ocean Market into their marketplace.

Balancer’s expansion into new realms

This news comes as a part of Balancer’s continues to explore new applications of their AMM technology. The creation of Ocean Marketplace will add an entirely new class of assets under the DeFi management, the data.

“Adding liquidity to these data pools is OCEAN staking, as well as authentic data quality curation signals. It’s been a pleasure to work with Fernando and the rest of the Balancer team to enable world-leading data marketplaces and to help provide feedback towards their next generation of technology”, were the words of Trent McConaghy, founder of the Ocean Protocol.

The data market is $380 billion worth in Europe alone. But this market has always suffered from how to price the data, which significantly hampered its growth. Automated Market Maker technology promises to solve it and allow for future expansion.

Gorica Gligorijevic

Gorica Gligorijevic

Gorica is a Serbian journalist with more than a decade of experience in print, web, TV, radio journalism, and the publishing industry. Past several years dedicated to web journalism and cryptocurrencies trading and investing.

Related Posts

covid hunger
Blockchain News

Blockchain: the covid hunger solution

December 29, 2020
blockchain background checks
Blockchain News

Blockchain background checks could be mainstream

December 28, 2020
healthcare
Blockchain News

Blockchain and healthcare

December 22, 2020

Follow Us

  • 40.6k Fans
  • 8.3k Followers

Latest News

Ethereum price

Ethereum price expected to cross $1,300 as bulls dominate the markets

January 7, 2021
TaxBit

TaxBit receives investment funds from PayPal and Coinbase

January 7, 2021
Cardano price prediction_ ADA to retest $0.35, analyst

Cardano price prediction: ADA to retest $0.35, analyst

January 7, 2021
Crypto market cap

Crypto market cap reaches ATH: crosses $1 Trillion

January 7, 2021
Litecoin price prediction_ LTC to $180, analyst

Litecoin price prediction: LTC to $180, analyst

January 7, 2021

Signup To The Daily Roundup

Get New Posts By Email:
Privacy Policy

Got a Story tip? Email Contact@Cryptopolitan.com

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Exclusive Partners of

Footer 3

Got a Story tip? Email Contact@Cryptopolitan.com

cryptopolitan 1

News

Guides
Bitcoin News
Blockchain News
Ethereum News
Industry News
Research News
Scam News
Regulation News
Exchange News
Bitcoin Price
Ethereum Price
Bitcoin Cash Price
Cardano Price
Dash Price

Stay Connected

Facebook
Twitter
Telegram
Youtube

Company

About
Contact
Write for us
Advertise with us
Privacy Policy
Cookie Policy
Comment Policy
Editorial Policy
Terms and Conditions
Crypto Portfolio Tracker

Cryptopolitan brings you quality Blockchain and Cryptocurrency news, ICO reviews, crypto technical analysis, and other unique news insiders. We cover Bitcoin news, altcoins news, blockchain projects news, ICO news, regulatory developments and the confluence of news on the leading blockchain technologies.

© 2020 Cryptopolitan. All rights reserved. Terms | Privacy

No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Altcoin
    • Blockchain
    • Binance
    • Security
    • Ripple
    • Litecoin
    • Ethereum
    • Dogecoin
    • Cardano
    • Tron
    • Token Sale
    • Industry
    • Exchange
    • Polkadot
    • ChainLink
  • Guides
  • Regulation
  • Price Index
    • Bitcoin Price
    • Ethereum Price
    • Ripple Price
    • Bitcoin Cash Price
    • Chainlink Price
    • Litecoin Price
    • Polkadot Price
    • Cardano Price
    • Binance Coin Price
    • Stellar Price
    • EOS Price
    • Tron Price
    • Monero Price
    • Dash Price
    • IOTA Price
    • Dogecoin Price
    • Altcoin Price
  • Research
  • Scam
  • Events

Copyright © 2020 Cryptopolitan.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.