DATALATTE | Fiat on-ramp | Boost meaningful consumption with Paypal/Credit card payment | Round 19

Project Name


Project Category

Build & Integrate

Proposal Earmark


Proposal Description

Problem: Lack of meaningful consumption volume in Ocean’s market

Datalatte’s mission is to bring meaningful consumption of data for our users’ data and generate passive data income. The introduction of OceanONDA v4 and leveraging the technology of dataNFTs is an enabler of our mission, however, we see the lack of meaningful consumption on the marketplace. We see this problem due to the lack of a data scientist friendly user interface and accessibility of the mechanism. Netflixlatte (datalatte users’ NetflixViewingHistory pool) is published on Ocean’s market for starting price of 1$Ocean. Although this 400 users (auto-update with new users) & 3Gb metadata enriched dataset can be appealing not only to data scientists but also to Netflix competitors, the difficulty of purchasing it is not as easy as a PayPal payment. We think, data consumers do not need to know how a bridge between ETH and Polygon works, what contract address $mocean has and where to get Matic to pay a fraction of a cent gas fee. We see this as a major bottleneck of on-ramping real data consumers and meaningful data consumption.

Solution: Fiat on-ramp module with dataBarista Agent in the liquidity pool

We wish to provide the option of PayPal/credit-card payment for our data consumers to tackle this problem. However, at the same time, we wish to leverage Ocean’s price discovery mechanism and use data tokens from our liquidity pool. This can be done in two ways:

  1. On-ramping consumers to buy a data token directly. This requires a financial license to service our customers directly by purchasing data tokens (cryptocurrency).
  2. On-ramping consumers to use data by simply accessing the data with the use of our fiat on-ramp module without custody of any cryptocurrency.

How does it work?

By tracking the market, we give a real-time price based on the dynamic price of the data token + fees. Paypal payment confirmation triggers a dataBarista agent to consume the data token from the data pool automatically. This event includes a sequence of

  1. Purchase confirmation with fiat in our market front-end
  2. Exchange stable to $ocean - Possible with AnyTrade API by DataX
  3. Exchange $ocean to data token - Possible with AnyTrade API by DataX
  4. Consume data token

In this process, it is important that a 3rd party do not anticipate a step.3 right after step.2 to perform a MEV attack. However, when using DataX’s AnyTrade, a built-in MEV protection prevent such attack vector.

Grant Deliverables

  • Grant Deliverable 1: Twitter verification data quest, enabling Twitter farming in Dashboard
  • Grant Deliverable 2: Fiat On-ramp Agent PoC
  • Grant Deliverable 3: A blog post on dataNFTs, targeted at Web2 audience

Project Description

We empower internet users to monetize their own data and provide data scientists with access to non-identifiable users’ data using an AI Feature marketplace at an affordable price.

Final Product

The DATALATTE is a dApp platform with two main stakeholders (Data Producers and Data Consumers), four core DATALATTEfunctionalities (Audit Store, AI Feature marketplace, Compute-to-data and dataBarista NFTs) and a Data Marketplace powered by Ocean Protocol.

Value Add Criteria

The global data monetization market is expected to grow at a compound annual growth rate of 6.02% and is estimated to reach up to US$ 200 billion in 2021 [ref]. The increase in the market results on the one hand from the increase in the data basis and on the other hand from the better use of the data itself. 

However, it is not taken into account that now, only oligopolies give their data or its insights; if all data is merged into a single marketplace, the monetary and informal value will be significantly higher! If we succeed in taking over at least 0.00000053% of this fast-growing market, we will be able to generate a total transaction volume of 103K$ (R9, R11, R12, R14, R17 & R18 buck) to provide an ROI of at least 1.

Core Team

Amir Mabhout, PhD, Founder, CEO

Malaz Elnaiem, PhD Candidate, Communications Director

Karolina Baltulyte, MA, COO

Toktam Ghafarian, PhD, Co-founder, AI Director

Amiro0o, Msc, CTO

Mezli Vega Osorno, PhD, Art director

Chiara Pasqualino, MA, Social Media Director

  • Linkedin:
  • 2 years experience as PR Officer at GroupePixi
  • 4 years experience as Digitial Content Manager at NewAdventures

Travis Turgeon, Content Strategist

JJ, Msc, Core Dev, back-end

Amqa, Msc, Core Dev, back-end

Amirreza, Msc, Core Dev, Client-side developer

Yasin, Core Dev, Full-stack designer

Mehran, Core Dev, back-end

Alihz, Blockchain engineer

Allan Cama, Legal Counsel

Funding Requested

Minimum Funding Requested

Wallet Address


Thank you for applying for R19!

Your proposal has been registered into the system and everything looks great!

Your previous Grant Deliverables have been reviewed and look to be in good condition. I have also looked at your Project Standing, it looks to be in good condition and ready to apply for another grant.

I would also recommend one (or all) of the following to increase support:

  1. Saying hi to the community in #ocean-dao and sharing your proposal.
  2. Saying hi to members of the #project-guiding WG and sharing your proposal.
  3. Meet with the Guides assigned to you by the #project-guiding WG.
  4. Attend a Town Hall or Project-Guiding WG meeting to talk about your project and proposal.

All the best!

-Your PGWG guide Christian Casazza

Hey sounds like a great proposal, just a quick question on:

  • Grant Deliverable 2: Fiat On-ramp Agent PoC

is this open source so the rest of the Ocean Developer Community can use as reference?
is this proposed code bespoke or are you using a 3rd party tool?



1 Like

Hola, thanks. Yup, will will document how this operates and leverages those APIs. We might put the full flow as an agent on the Ocean’s marketplace to monetize its usage but we are not yet sure how it can work out. Technically it can be implemented as a C2D where dataset is access to pools where publisher has rights to!
I am open to discuss this in core tech meetings or elsewhere. Previously I talked about this with Innoprouner and as well in Tokenspice meetings, but we want to get more serious in implementing this.

Thanks for the reply, I wish you well. If we implement something like this I will let you know and tell you how we did it. We will probably do another first class citizen DAO. I’ll reach out when we get there!


Project submitted deliverables:

  • Grant Deliverable 1: Twitter verification data quest, enabling Twitter farming in Dashboard

This feature enables us to verify the user’s Twitter account which enables us to reward and monetize engagements and activities. User by clicking on the icon tweets a verification message from the user’s personal account. Our bot will read the unique identifier in the tweet with a unique hashtag to be able to verify the account. This dataQuest is ready and is scheduled to be released on Aug 4th.

  • Grant Deliverable 2: Fiat On-ramp Agent PoC

We are using Banxa as a fiat on-ramp portal, Banxa powers the largest digital asset platforms by providing payments infrastructure and regulatory compliance across global markets. Banxa enables the purchase of digital assets and currencies such as Bitcoin and stable coins using traditional currencies.

Banxa APIs

Banxa offers powerful JSON REST APIs that supports a range of financial, cryptocurrency, and KYC streamlining services. APIs such as :

Order API

The Order API enables us to securely create orders for our customers from our website. By redirecting our customers to Banxa to complete an order, we are leveraging Banxa’s powerful KYC, payments and liquidity infrastructure to fulfill customer orders.

Payment methods API

The Payment Methods API enables us to easily retrieve all possible payment methods that are available to our customers. This list will progressively grow bigger as Banxa continues to expand its geographical footprint and build new partnerships with global and local payment providers.

Countries API

The Countries API enables us to easily retrieve all possible countries that our customers can create orders from.

Currencies API

The Currencies API enables you to easily retrieve all possible fiat currencies and cryptocurrencies that are available to your customers.

Identities API

The Identities API is a versatile API that allows us more ways to streamline KYC. we will be able to pass through to Banxa, KYC documentation that we have already captured from our customers so that when they enter the Banxa checkout flow, they will not need to upload KYC information again. This improves conversion greatly.

Here is a flowchart of how it works :

Further development of this solution is bound by receiving the development document of AnyTrade to test the swap between stable coin to data token.

  • Grant Deliverable 3: A blog post on dataNFTs, targeted at Web2 audience.

Given we only received 2k out of the requested 20k, we could not complete this deliverable.


Hi, Thank you for submitting an update for your previous proposal! Your Grant Deliverables have been reviewed and look to be in good condition. We have also looked at your Project Standing, it looks to be in good condition and ready to apply for another grant. We would like to thank you for your positive contributions to the Ocean Ecosystem and I look forward to reviewing future proposals from your project. Thx & All the best! Your OceanDAO Team