• Value of data made into data tokens
• Data tokens, also known as data legos
• Data Legos and Money Legos in Defi
• Money Legos repurposing Defi infrastructure

Ocean Protocol unlocks the value of data.  Data owners and consumers use the Ocean Market app to publish, discover, and consume data in a secure, privacy-preserving fashion. OCEAN holders stake their liquidity in data pools.

Developers use Ocean Libraries to build their data wallets, data marketplaces, and more.  Ocean data tokens “wrap data services” as ERC20 tokens. This facilitates data wallets, data exchanges, and data co-ops by leveraging crypto wallets, exchanges, and other decentralized finance (DeFi) tools.

The noteworthy stuff in the Ocean Protocol is the On-ramp and Off-Ramp for data assets into DeFi.  Ocean makes it easy to publish data services, which wrap their value by deploying and minting ERC20 data tokens and to consume data services further and spend data tokens. Crypto wallets, exchanges, and DAOs become data wallets, exchanges, and DAOs.

Data tokens work as the bridging interface, which connects data assets with the blockchain and Defi tools. The “crypto wallets are data wallets,” and the “cryptocurrency exchanges become data market places.”

Anyone who is entering the Ocean Protocol should also understand the concept of Data Legos. This is the place where DeFi helps data and data helps DeFi.  Ocean Protocol works as an on-ramp for the data services in the ERC20 data token assets on the Ethereum network.

Ramp is an entrance.  On-ramp refers to channels that help in the smooth transfer of data through the blockchain. Off-ramp means channeling the data of the blockchain.  On-ramp is an entry.  Off-ramp is an exit.

DeFi tools are known as “money legos,” considering their composability.  Data tokens permit the DeFi tools to manipulate data infrastructure and eventually help unlock “data legos.”

Money Lego makes use of tech stacks which allow different applications to fit into other projects.  The Money Lego process helps deposit Ether (ETH) into MakerDAO to receive stablecoin (DAI) and then further lend it to a DeFi trader, thus making interoperability possible.

Money legos are the core philosophy of the Defi space. It helps in repurposing the DeFi infrastructure, and eventually, it grows the DeFi pie.  Also, new data sets will help in optimizing returns in DeFi.

The data need not be on-chain; it just requires access control. There are Ocean-based apps that make data asset on-ramps and off-ramps very easy for end-users. Thus, Ocean smart contracts and libraries make it easy for developers.

The data industry gives birth to data tokens, and in turn, these data tokens work as a bridge between the multi-billion data industry into DeFi assets under management. Thus, valuable data will get used to optimize DeFi yields and eventually help improve capital efficiency.

Data tokens are used to repurpose ERC20 crypto wallets as data wallets, crypto exchanges like data marketplaces, and more.  Decentralized access control combines simple developer experience and code. Every data service gets its data token.

A lot of stuff can be leveraged like Datatoken and rights, data token variants, data wallets, markets, audit trials, DAOs, Data for DeFi, Relation to OAuth 2.0, and relations to oracles.