Hey guys the data marketplace is already live?

Question

Ocean Protocol 🌊

Nic || BD

Hey guys the data marketplace is already live?

#cryptocurrency #english #ocean

0

03.05.2022

14 ответов

15 просмотров

Keshav || Ocean Protocol

Bro time travelled back in 2017 lol

0

03.05.2022

Nic || BD Автор вопроса

Alan || WONT PM YOU FIRST
Yes, the Ocean Market place is live Please find ...

So, just to me sure I understand the flow... 1)Someone creates a data source with its wallet IP under an erc721 can be a downloadable file or an algorithm 2) Along with ti creates erc20 tokens representing units of licenced copies of that data to freely use under certain terms and conditions right?

0

03.05.2022

Keshav || Ocean Protocol

Nic || BD
So, just to me sure I understand the flow... 1)Som...

Yeah right Data NFT owner can create fractional ERC-20 tokens through their data nft , which are like a sub license

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03.05.2022

Nic || BD Автор вопроса

The amount of erc20 minted follows certain critheria? Or its completely arbitrary?

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03.05.2022

Keshav || Ocean Protocol

Its arbitrary Dnft owner can create as many amount of datatokens he wishes to create 5,500,5000,500k etc.

0

03.05.2022

Alan || WONT PM YOU FIRST

Nic || BD
The amount of erc20 minted follows certain crither...

You can also find all the resources you need here: https://oceanprotocol.com/technology/data-nfts-and-data-tokens

0

03.05.2022

Nic || BD Автор вопроса

Keshav || Ocean Protocol
Its arbitrary Dnft owner can create as many amoun...

Ok so if someone mints 500 tokens and there are 600 people interested in buying that data, the owner will have to re-list the data wich looks like a not very good scenario, so I guess average data agregators will mint a lot of tokens.... Unless they want to sell the data only to a very limited amount of buyers

0

03.05.2022

Nic || BD Автор вопроса

Alan || WONT PM YOU FIRST
You can also find all the resources you need here:...

Thank you.... Sorry for bothering

0

03.05.2022

Alan || WONT PM YOU FIRST

Nic || BD
Thank you.... Sorry for bothering

That's alright, feel free to reach out if you have any other questions :)

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03.05.2022

Keshav || Ocean Protocol

Nic || BD
Ok so if someone mints 500 tokens and there are 60...

I guess it will depend on the demand of that datatoken , if its huge and increasing The owner will for sure mint just more than 500 tokens Maybe 50000

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03.05.2022

Keshav || Ocean Protocol

Nic || BD
Ok so if someone mints 500 tokens and there are 60...

And also, why would he relist that data ? He can mint some more from that DNFT Yeah ?

0

03.05.2022

Nic || BD Автор вопроса

Keshav || Ocean Protocol
I guess it will depend on the demand of that datat...

So supply can be changed

0

03.05.2022