Optimism Ignites Ocean Protocol Smart Contracts and Ocean Market Launch

Now live on the Optimism network, Ocean Protocol, an innovative open-source framework crafting the future of decentralized apps, has embraced a versatile multi-chain strategy.

Ethereum developers birthed Optimism, an L2 blockchain lauded for its speed, reliability, and scalability. Rapidly gaining favor in consumer dApps, decentralized banking, and SocialFi, Optimism’s ascent is vivid in the proliferation of decentralized applications (dApps), transactions, and unique addresses.

Optimism seamlessly executes Ethereum smart contracts and welcomes ERC-20 tokens due to its compatibility with the Ethereum Virtual Machine (EVM). As a Layer 2 solution, it boasts reduced gas usage and lower latency compared to the Ethereum mainnet, prioritizing enhanced usability, security, and decentralization.

Features

At the core of Optimism lies Ocean Protocol, which encompasses various elements. Within this framework, Ocean Market serves as a hub for users to exchange and access data assets seamlessly on Optimism. Users can interact with registered assets through wallet navigation, creating a user-friendly experience. Additionally, the Optimism network provides Developer Tools, such as the integration of Ocean.js, to empower decentralized app (dApp) creators and facilitate streamlined development processes.

Furthermore, Optimism demonstrates comprehensive support for Ocean’s components, encompassing smart contracts, the market, the provider, Aquarius, and Subgraph. This integration allows users to enjoy a seamless token bridging experience between OCEAN tokens on the Ethereum mainnet and Optimism. Overall, Optimism’s commitment to Ocean Protocol fosters an environment where users can easily navigate, exchange data assets, and leverage decentralized applications with enhanced efficiency.

Advantages

Developers leveraging Ocean Protocol’s smart contracts on Optimism experience abundant benefits. Ocean’s Apache 2 licensed, open-source nature promotes new avenues for data sharing and monetization, allowing developers to effortlessly forge tokengated dApps or markets by forking the system. With the innovative capabilities of Ocean.js, developers can publish data services, ranging from downloadable files to compute-to-data, thereby facilitating the creation of ERC721 data NFTs and ERC20 datatokens. This opens up opportunities for diverse applications such as trading data tokens, purchasing data NFTs, and facilitating their transfer. These functionalities pave the way for the development of applications like AI-generated art, decentralized markets, and peer-to-peer systems.

Ocean Subgraph, an off-chain service leveraging GraphQL, enhances data retrieval, while Aquarius refines on-chain information querying, tracking, and caching for dApp search functionalities. The Ocean Protocol and Optimism Mainnet partnership signifies a monumental leap for the data science and developer community, propelling us toward a future where consumer dApps are indispensable in our daily lives.