The Motley Fool Investing Philosophy: We generally recommend investors buy shares of at least 25 stocks and hold them for at least 5 years. Learn More
| 1 Year | 5 Year | 5 Year Annualized | Since IPO | |
|---|---|---|---|---|
| OCEAN | -55.48% | -33.71% | -7.89% | +570% |
| S&P | +16.23% | +94.45% | +14.22% | +129% |
Ocean Protocol is a blockchain-based platform that aims to create a decentralized data economy by enabling secure and transparent sharing of data between providers and consumers. The platform allows data providers to maintain control over how their data is used and who can access it, while incentivizing data consumers to purchase and use the data. The Ocean Protocol network is powered by a native utility token called OCEAN, which is used as a means of value transfer within the ecosystem. Data providers use OCEAN to sell their data, while data consumers use it to purchase and access data from the network.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.