OceanDAO Round 11 Results
17 projects funded; 5.5mm+ votes cast
Hello, Ocean Community!
The OceanDAO dey pleased to share the results of the 11th round of our community grants initiative:
A total of 500,000 OCEAN dey available
Conversion rate of 1.06 OCEAN/USD
528,658 USD dey available
All funds wey no dey granted go be burned. $OCEAN burned na signal of the extra room wey dey available for new grants.
The results dey in:
Round 11 include 5 first-time projects and 12 returning projects wey dey request follow-up funding.
159,659 $OCEAN don dey granted
340,341 $OCEAN go dey burned
Burned $OCEAN go dey sent to address 0x000000000000000000000000000000000000dEaD, forever decreasing total $OCEAN in circulation.
OceanDAO Round 12 and announcements go dey live shortly. Ocean Protocol dey dedicated to ever-growing resources for continued growth, transparency, and decentralization. Keep eye out on Twitter @oceanprotocol and our blog for the full announcement and new highlights.
For up-to-date information on how to start with OceanDAO, we invite you to dey involved and learn more about Ocean’s community-curated funding on the OceanDAO website.
We dey encourage the Ocean ecosystem to apply or re-apply AND to vote!
Thank you to all of the participants, voters, and proposers.
OceanDAO Round 11 Results
You fit find the full overview on our Round 11 — Votes page.
Round 11 Rules
Proposals with 50% or more “Yes” Votes receive grant, until the “Total Round Funding Available” dey depleted in descending number of votes received order.
“Unleashing Data” Category:
Open to All
Funding Ceiling: $3,000 USD
2. Experienced Project
Funding Ceiling: $10,000 USD
Requires: $1000 USD of legitimate consumptions in the previous month AND the team don receive less than $30,000 USD funding total.
All other Categories (max per team):
Requires: No one in your project neva receive a grant from OceanDAO. Open to all.
Benefits: Earmarked. Receive feedback during application process. Introduced to related projects.
2. Existing Project
Funding Ceiling: $10,000 USD
Requires: You don complete 1 or more grants.
Benefits: Same as above. Receive promotion via Newsletter, Twitter, and other channels.
3. Experienced Project
Funding Ceiling: $20,000 USD
Requires: You don complete 2 or more grants.
4. Veteran Project
Funding Ceiling: $35,000 USD
Requires: You don complete 5 or more grants
“Earmarks” mean sey funds dey available exclusively to the first three groups wey dey listed below, without need to compete as incentive to apply.
60,000 OCEAN for New Teams (non-outreach category)
30,000 OCEAN for New Teams (outreach category)
30,000 OCEAN for Core Tech Initiatives
380,000 OCEAN for remaining General Grants
The grant proposals from the snapshot ballot wey meet these criteria dey selected to receive their $OCEAN Amount Requested to foster positive value creation for the overall Ocean ecosystem.
Voting open on November 4th at 23:59 GMT
Voting close on November 8th at 23:59 GMT
Proposal Vote Results:
21 proposals submitted
17 funded or partially funded
106 Unique Wallets Voted (all time high turn out!)
4,238,634.35 $OCEAN voted Yes on proposals
1,373,482.14 $OCEAN voted No on proposals
5,612,116.49 $OCEAN Tokens voted across all proposals (each OCEAN token was only able to be used once in voting; as opposed to multiple times in previous rounds)
159,659 $OCEAN has been granted
340,341 $OCEAN will be burned
Congratulations to the grant recipients! These projects don receive an OceanDAO grant in the form of $OCEAN tokens.
For the full vote results and graph abeg see the Voting Page.
See all the expanded proposal details on the Round 11 Ocean Port Forum!
If your Proposal dey voted to receive a grant, if you neva already do, abeg submit a Request Invoice to the Ocean Protocol Foundation (OPF) for the Ocean Granted amount listed on the Round 11 — Votes page.
HealthLink: A grant dey requested to build a software prototype for a dApp wey get aim to use Ocean to tokenise primary care data through a pilot with an existing community of doctors wey dey engaged through the previous grant. This project seek to leverage OCEAN in bringing healthcare data on-chain and accrue value to end-users like patients and healthcare providers, wey dey excluded from the traditional healthcare data economy despite sey dem be the primary contributors of this data.
Ocean Protocol Japan: Operation and management of local communities for Japan and promotion of adoption of OceanProtocol by Japanese individuals and organizations.
Data Whale: Data Whale dey build infrastructure wey surround Data Tokens and the Web3 data economy. This include ALGA, a Data Token mobile application wey go integrate with the Ocean Protocol Marketplace. Furthermore, Data Whale initiates generic outreach tactics wey aim to support the adoption of Data Tokens and Ocean Protocol technology in general.
TokenSPICE: We don develop simulation tool to enable Data Publishers, Data Stakers and Data Consumers to verify assumptions on Ocean Data Marketplace and optimize their strategies.
DATAPOGY: We go help locate and retrieve medical records, images and diagnostic reports, deliver them for consistent and organized way and monetize the whole process for the owners of the data.
Ocean Protocol Turkey Community: Promote, manage, and establish the adaptation of Ocean protocol, (Telegram-Twitter etc.) in Turkey and promote the Ocean Protocol’s Adoption by Turkish Investors, Developers and Organizations.
Datalatte.ai: We go empower internet users to monetize their own data and provide data scientists with access to non-identifiable users’ data using an AI Feature Store at an affordable price.
Ocean Pearl: We go redefine the current way proposals dey submitted by to create a user-friendly process directly on Ocean Pearl.
RugPullIndex: “Rug Pull Index helps Ocean Protocol users to invest in data safely.”
WorkPi: Use Compute-To-Data algorithms on data wey dey enclosed in personal Self-Sovereign Identity (SSI) wallets without compromising privacy, we call this Compute-To-SSI.
Evotegra: Extend the round 8 promotional 100k traffic dataset with annotations for licence plates and faces to fit enable the creation and evaluation of automated anonymization algorithms.
Taurus Chain Network: Leveraging Blockchain and big data to tokenize biodiversity, forestry and carbon credits while incentivising contributors through decentralised rewards and enhancing ecological resilience.
nCight: Creation of a data union web app and algorithm as a practical use case for unlocking arthroscopic surgery imaging data on the Ocean marketplace.
Ocean Missions: Build a community of professionals wey dey analyze on-chain data to create and publish data assets on Ocean Protocol (e.g. NFTs, DeFi and Crypto).
Nigeria Community Building: Managing community channels, educating new network participants, promoting the Ocean ecosystem, media and online communication outreaches, translations and sharing information (materials), focused majorly on the Nigerian Community.
Algovera: Unlocking more value by bringing generative art NFT algorithms on-chain.
DataUnion Foundation: Power data collaborations for AI.
Continue to dey support and track progress on all of the Grant Recipients here!
More dey come — join our Town Halls to stay up to date and see you in Round 11. Thank you!