WolfDAOxOceanProtocol paving the way for Community Driven DAOs
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Last weekend I had the opportunity to attend the Wolf DAO community call where there was discussion on the strategic partnership between Ocean Protocol x Wolf-DAO and Indian Ocean Program Outreach. This partnership basically aims to create and enable the builder network for both the communities and create more opportunities in the ecosystem.
Wolf DAO Club is community governed venture capital fund that also acts as an ecosystem incubator. WolfDAO is the very first DAO in the Cosmos ecosystem & it aims to be a Multi-chain DAO that is bridgeable to Ethereum.
Ocean Protocol India is a DAO that is funded by the OceanDAO that funds creative outreach programs that aims to connect the crypto-curious crowd that understand the potential of AI*Web3, which is powered by Ocean Protocol.
Some Key Points discussed in the clubhouse community call regarding the Ocean Protocol India x Wolf DAO and its future roadmap:
Multi Chain Strategy will soon become an integral part of every DApp irrespective of the industry or community it is focused at. This is to enable interoperability between various blockchain networks and allow more users to be onboarded. Enabling multi chain support removes defined gatekeepers and allows users to choose the network that they are more favourable to them. Multi Chain Strategy is being bolstered through the rise in development of EVM Compatible systems. In the case of Cosmos — EVMOS team is leading the way for allowing Ethereum compatibility, and in the same way Neon Labs bringing EVM Functionality to Solana and Project Aurora bringing EVM on the NEAR Protocol.
Ocean Protcol too supports Muti Chain strategy having blockchian networks as Ethereum Mainnet, Polygon, BSC, Moonriver and Energy Web Chain integrated into their marketplace. Ocean Protocol allows users to harvest their data (data as an asset class) & through the marketplace they can tokenize the data and create data tokens (In future it’d also allow for creating NFTs).
As the Big Tech Industry continues to steal users data and monetize that to grow surveillance capitalism, OCEAN Protocol ensures that users understand the value of their data and help them keep a self sovereign ownership of it. Ocean Protocol token can be used to buy, sell & publish data on Marketplace.
Tokenizing data on the chain agnostic Ocean Protocol marketplace is a very simple process resulting in creation of a data token for each data object that is provided.
The data ownership is defined by the Data Tokens and these tokens grant its owner certain rights. Data owners and consumers can publish, discover, stake liquidity to data pools and consume data in a secure, privacy-preserving fashion. With the current exploration into data NFTs the data economy is surely going to play more important role in our day to day activities with discovery of many valuable datasets.
On the context of the data availability there are 2 ways to visualize this:
Compute to data — Adds Privacy to data by allowing that data to remain on site and users can utilize the algorithms on sample data sets. It does so by providing a means to exchange data while preserving privacy by allowing the data to stay on-premise with data publishers, yet allows data consumers to run compute jobs on it.
Dataset Download — Users need to share a public sample data set while uploading the actual dataset and market traction takes care of driving the user adoption.
The Wolf DAO also aims to enable the growth of the Cosmos Ecosystem in the space of DApp Development and community creation. Wolf DAO is committed to support the community creation and enhance the economy capital in the Cosmos ecosystem through its community governed venture capital fund and ecosystem incubator.
The DAO managed by the WolfDAO club aims to bridge the DAO to multiple chains like ETH, Polygon, Cosmos etc. and launch products like TimeNFT on Polygon Network for tokenizing the time to cross-pollinate the community from ETH Polygon ecosystem to the DAO. The TimeNFT reimagines the `Calendly on Blockchain` idea and allows users to explore multiple use cases from tokenizing their time especially seen from a creators economy where influencers can sell/auction their time for creating certain value for the token holders.
WolfDAO is also looking into NFT Marketplaces, Treasury Fundraise, Running Validator Node, Dual token strategy with NFT and DAO tokenomics and aims to propose a detailed action plan by this weekend.
The meeting concluded on a grand note with promises to strengthen the Developer community, EVMOS ecosystem with more information to follow-up on Ocean Hackathon, bounties and other strategic partnerships.
References:
1. https://medium.com/@indianoceandao/strategic-partnership-announcement-31226ea81708
2. https://medium.com/@indianoceandao/the-indian-outreach-program-ocean-protocol-ec8fd37c59b5
3. https://medium.com/@indianoceandao/ocean-academy-guest-review-series-1f224e162f5b
4. Clubhouse Meeting: https://www.clubhouse.com/room/MOX9XKgE
