Updated: Oct 27
Stake Smartly & Navigate the Data Ocean with Data Whale!
Ever since we heard about Ocean Protocol in December 2017 and got our hands on the business whitepaper, we knew that we were on to something extraordinary! Fascinated about blockchain and decentralized economies, “data” is a use-case for decentralized technologies that will encourage a paradigm shift in today’s world.
Ocean Protocol’s vision to establish a framework that encourages businesses and individuals to share their data, whilst providing financial incentives, made it clear that this was something we want to pursue.
Since 2017, we have not only participated in the early contribution round and IEO, we also participated in building a small part of the Ocean economy through submitting research on commercial incentives to onboard data partners, as well as achieving our Ocean Ambassador title!
We also personally met the team in both Singapore and Berlin (thanks for the Ocean giveaways and goodies!) and stayed close to the project throughout. Whilst in the midst of planning to host an official meetup in Dubai, we ended up in a casual round at one of Dubai’s pubs with great discussions of bringing “data” to the Ocean!
And then… October 27th… the launch of the official marketplace. Oh, what a wave! Rug pulls, fake data and exorbitant valuations (and gas fees!). Totally unexpected, but a great learning curve and without this period, our idea to create Data Whale Curation & Management may not have been “born”.
We were always wondering how we can link our commercial skills and extensive network to the data economy, but when we trialed the beta marketplace, our vision became clear. Without a doubt, there is a need for reputable contributors that curate meaningful data and provide trustworthy liquidity pools for stakeholders, data users and network participants.
Therefore, we created Data Whale Curation & Management. Our initial business whitepaper “The Art of Data” can be referenced here. We are incredibly excited to be part of the Ocean ecosystem and are looking to add value for our stakeholders, data partners and the community.
The ALGA. Effect
Our long-term vision for ALGA. is simple: provide a user friendly “one-stop” solution that helps data economy participants to understand the ecosystem and make smart staking decisions.
We understand that navigating the data economy is overwhelming for most individuals. Liquidity pools and Data Tokens may not be understood easily.
Therefore, our application aims to encourage adoption of the Ocean Marketplace and allow its users to partake in the data economy in an understandable and seamless way. The application’s user experience has been designed to summarize complex information in to a basic framework that is customizable and easy to use. Many of the application’s screens also resembles existing crypto-currency applications, but will exclusively relate to Data Tokens only.
Currently, the application is built on top of the Ocean Marketplace . In the future, the ALGA. application may also integrate with new marketplaces and tools that build on top of the Ocean Protocol framework. We are excited to summarize the application’s components in the following paragraphs.
Application Summary Overview
ALGA. comprises the following main components.
Home Screen that summarizes the most important indicators (e.g. top gainers, drops or the total data economy market capitalization).
Dataset Index tab, which lists all data-tokens (liquidity pools and fixed price assets). It can be considered the “CoinGecko” exclusively for data-tokens.
Data Staking Wallet, that is fully integrated with the user’s Ethereum address and records all transactions related to the data-market automatically. The user can also view his portfolio in various time-frames and analyze the profit / loss for each data-token in detail. We will also add a “Watchlist” function.
Analysis Tools, such as Rug Pull Index have already been integrated to ALGA. and provide our users further opportunity to make smart staking decisions.
To summarize the overview, here is ALGA.’s explainer video.
Staking Wallet Feature
Users are able to connect ALGA. to their Ethereum wallet via the WalletConnect Application. Therefore, their owned Data Tokens and liquidity stake will be visualized in a simple interface.
By adding a staking wallet to ALGA, users can choose to “swap Data Token” or “Add OCEAN Liquidity” to each of the Liquidity Pools available on Ocean Market.
Users can analyze each asset’s profit or loss individually, as well the portfolio development over time.
Here are some impressions of our current ALGA design!
ALGA runs on both iOS and Android and we're excited to keep developing the app as an integral tool, complementing the Ocean Marketplace and Data Tokens in general.
For any questions, please feel free to reach out to firstname.lastname@example.org
Data Whale Curation & Management