OCEAN Gained 86% During March, Ahead Of V4 Launch: Report

OCEAN gained 86% in March just before the V4 launch and combined with its partner base and active grants, the project is expected to thrive further so let’s read more today in our latest altcoin news today.

Data security became an important issue of the modern age as the world progresses towards a Web3 future that establishes blockchain technology with the infrastructure for the new internet. The project is looking to capitalize on the trend by establishing the new tools for the new Web3 data economy which is Ocean Protocol which is an ecosystem that helps individuals and businesses to unlock the value of the data and monetize it via the use of data tokens.

.@oceanprotocol is launching Version4 in the next weeks and it will get really interesting for data management and monetization.

Data X Defi =💥 💥 💥

Data IP: managed by NFTs (ERC721)
Data consumption: managed by datatokens (ERC20)

This is how Data meets DeFi. $OCEAN 🌊🌊

— AquaNaut (@AquaNauxt) March 20, 2022

The data from Tradingview shows that in the past two weeks, the price of OCEAN gained slightly to reach 86$ from the low of $0.40 to a daily high of $0.748 amid a 562% surge in the past day to a trading volume of $321 million. There are three main reasons for the price rally which are the upcoming launch of Ocean v4, the addition of new projects to the protocol, and the expanding list of the partenrs who brign real-world use cases to the ecosystem. One of the biggest developments boosting the Ocean momentum is the upcoming launch of Ocean v4 which is in public testing and will go into production in the second quarter of 2022.

We continue with introducing the winning projects of the recently concluded @OceanDAO_ Round 15 to the Ocean Community 🌊@talentDAO_ is the latest grantee to have joined the Ocean ecosystem! pic.twitter.com/Qe9YHjRFgY

— Ocean Protocol (@oceanprotocol) March 18, 2022

According to the project, Ocean v4 will include upgrades including a mechansim that purports to solve the rug pulls by eliminating the initial data tokens that are provided to the publishers. The protocol upgrade will see the introduction of the data NFTs which add non-fungible tokens capabilities and base intellectual property as a way to boost revenue streams and to add new ways for the community to monetize data.

Ocean V4 will be deployed on the Ethereum Virtual Machine chains that support V3 now including the Ethereum mainnet, BNB Smart Chain, ETH mainnet, and Energy Web Chain. The second factor helping to enhance the outlook for OCEAN is the ongoing OceanDAO grant process that helps new projects launch on the network. The foundation announced a $140 million grant initiative back in 2021 whcih is a way to fund projects in the Web3 data economy that were interested in using the Ocean data markets and unions.

"Millions of smallholder farmers barely produce enough"

How does Ocean partner @dimitratech's connected farmer platform leverage blockchain to mitigate this global issue?👀

Explore how Dimitra empowers 100 million small farmers through actionable data. https://t.co/DY0r1P9wO2

— Ocean Protocol (@oceanprotocol) March 17, 2022

OceanDAO completed that 15^th round of grant rewards that was won by TalentDAO and addressed the lack of validated surveys for studying organization health in the context of DAO contributors.