The Ocean Protocol is now live on Layer 2, with Polygon!

Ocean Protocol’s smart contracts and the Ocean Market are deployed on Layer 2!

Read the Partnership Announcement from The Ocean Protocol here:

After being deployed on the Ethereum mainnet, Rinkeby, Ropsten and Ganache, Ocean Protocol have now partnered with Polygon to bring Web3 Data Economy tools to Polygon’s Layer 2 chain & ecosystem.

Ocean Protocol’s mission is to kickstart a Web3 Data Economy that reaches the world, giving power back to data owners and enabling people to capture value from data to better our world.

Data is a new asset class; Ocean Protocol unlocks its value.

With this partnership,

Users can use Ocean Market to publish, swap, stake and consume data assets in Polygon. Transactions now cost mere cents with lower latency. Users simply point their wallet in Metamask to Polygon and Ocean Market will show data assets registered in the Polygon network.

Data marketplace builders and other dapp developers can use Ocean libraries (ocean.js, ocean.py) and frontend components (react hooks, market) with Polygon.

Token holders can move their OCEAN to Polygon as mOCEAN tokens, and back.

“Polygon has a long history of collaboration with the Ethereum ecosystem with an eye towards scaling and security. The Polygon team has developed a first-class platform for running EVM-based contracts and bridging across chains. It’s our pleasure to leverage Polygon so that our users benefit from far lower gas costs, in Ocean Market and in other emerging dapps & protocols that use Ocean,”

  • Trent McConaghy, Co-Founder, Ocean

“We’re thrilled to have Ocean Protocol and their revolutionary data marketplace on Polygon. The Ocean Market will allow Dapps to build powerful marketplace powered applications, leveraging the power of data and Polygon-grade txns. We’re excited to see what devs build!”

  • Sandeep Nailwal, Co-Founder/COO, Polygon

For Ocean Protocol, Polygon is the first network where beyond Ethereum Mainnet that isn’t a testnet, where tokens on the network have a real value associated, so token bridges across networks have been built.

About Ocean Protocol

Ocean Protocol’s mission is to kickstart a Web3 Data Economy that reaches the world, giving power back to data owners and enabling people to capture value from data to better our world.

Data is a new asset class; Ocean Protocol unlocks its value. Data owners and consumers use the Ocean Market app to publish, discover, and consume data assets in a secure, privacy-preserving fashion.

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About Polygon (Formerly Matic)

Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium etc and Standalone Chains like Matic POS, designed for flexibility and independence. Polygon’s Layer 2 Chains have seen widespread adoption with 100+ Dapps, ~10M txns and ~230K unique users.

If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.

Source : blog.polygon

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