Datavest 1.1 - Monetizing Intellectual Property (IP)

Grant Proposal Template

Part 1 - Proposal Submission (*Mandatory)

Name of Project:Datavest 1.1 - Monetizing Intellectual Property (IP)

Proposal in one sentence:

Datavest is a smart protocol that aims to monetize intellectual property or Meta-info by enabling authors, writers, musicians, and other creators to tokenize (data tokens) and earn from their intellectual content both offline and online.

Description of the project and what problem is it solving:

The turn of the 21st century has seen an unprecedented surge in the ownership of Intellectual property by creatives. As such, Global giants such as Youtube, Amazon, Facebook, Instagram, etc are at the forefront, leveraging and exploiting the benefits of this market. These giants however have multiple challenges that are not only noticeable but have been proven to be a great discomfort to their users.

  • They are centralised and hence the Platforms have the right to censor content based on political, religious, racial affiliations, etc. Thereby silencing the voice of Truth.
  • Multiple authors/content creators cannot claim ownership for a given content. It has to have a sole owner. There is no scope of more than one author/creator/teacher contributing towards the same content
  • There is currently no method or system for referencing earlier (version control) works or data sets that contributed to making a project and hence giving previous authors revenue eliminating the possibility of copyright infringement.
  • Once published, it’s difficult to modify the content or publish new versions of it as the subject/technology evolves while retaining ownership of the initial IP.
  • Traditional systems that are available only generate revenue when the data itself (first data version) is utilised.
  • Our platform aims in solving all of these issues by creating a platform where data content is published using our decentralised system. AI and a versioning system are maintained using blockchain. The data are published on our website (our fork of OCEAN MarketPlace)
  • Our system gives provision for collaboration between several authors who are able to share proceeds from their work in a ratio agreed by the authors. Our platform gives room to alter this ratio by the team of authors or data owners. This is so in order to give room for other contributors, charities, organisations, or foundations to have royalties on content published using our platform.
  • Our platform gives room to reference previous data sets, contents, and works and hence, the authors or owners of the data will automatically earn their due share from these new works and at the same time, the users will eliminate the dangers of copyright infringement simply by referencing earlier works already in our platform!!!
  • Our platform gives data content owners the right to update, edit and expand the scope of already uploaded content.
  • There are options of staking on data published by other creators thereby creating an income stream without actually utilising the data which is not an option in traditional methods.

Grant Deliverables:

  • Build a web page to facilitate the onboarding process for prospective content merchants and prospective buyers/users.
  • Create Marketing Materials to target Musicians, Authors, and creators as early adopters - 1 pager, short explainer videos.
  • Design the framework for a copyright management dashboard for Creators and an end-user interface.
  • Add 50 early contributors to the whitelist with a comprehensive referral program finalised for viral growth loop.

Which Project Category best describes your project? Pick one.

  • Build / improve applications or integrations to Ocean
  • Unleash data

Are you applying for an Earmark? Pick one.

  • New Project
  • General

What is the final product?

Datavest is a decentralised and censorship-resistant content platform featuring a marketplace for monetizing content produced by content creators who earn data tokens, allowing the community to utilise their Intellectual Properties (IPs) while getting value for it in any way that is deemed fit without any intermediary actions. These IPs may include lyrics, story poems, videos, etc.

The core of the platform will be built on Ocean Protocol ensuring ethical, seamless and legal usage of enlisted content. A typical user will be able to simply connect to the marketplace and seamlessly pay for the rights to use any of the contents enlisted on the linked marketplaces using the native platform tokens.

**Question on “value add” criteria: which one or more of the criteria will your project focus on? Why do you believe your team will do well on those criteria? **

Datavest, will utilise the Ocean Market, allowing content creators to exchange and monetize their intellectual property seamlessly - these actions are made possible via the Ocean tokens which will be exchanged for data tokens. Considering the demand for creative content on the internet today and the ease of publishing and monetizing such data, on protocols such as Ocean, we see a high chance of success for the project. All team members on the project are advocates of Ocean and push for adoption of the Ocean and this will facilitate the ease of entry for the project - if people see the underlying infrastructure (Ocean) to be safe, fast and simple to use.

Publishing (Staking) of content gives users the ability to earn some datatokens whenever such content is utilized as the respective user will have to pay for the rights using ocean tokens. The tokenomics will be such that some of these tokens will go to the content creator, some to stakers, and some back to the ocean ecosystem. This in the long run will create liquidity for OceanProtocol as an ecosystem. DataVest encourages hodling of ocean tokens as stakers will earn as a result of staking these tokens. Also, our stream of content creators will automatically become ambassadors of the Ocean brand as they also will benefit if the ecosystem is thriving.

Funding Requested:


Proposal Wallet Address:


Have you previously received an OceanDAO Grant? If yes, please specify what round(s) and how much was granted each round.


Team Website (if applicable):

(undergoing construction)

Twitter Handle (if applicable):

Project lead full name: Scott Delorme

Project lead email:

Country of Residence:


Part 2 - Team

2.1 Core Team

Name: Scott Delorme

Role: Lead Engineer


Over 7 years of background knowledge and experience in building multiple startups across several sectors of both Local and International Markets especially in the IT industry (with a focus on data inclusion). A Technology & IT development enthusiast with a diversified portfolio cut across internal and national brands like Shutter-Score, Yellowcard, and Plaid. Involvement in multiple projects either as part of the building team or as an advisor since 2015. Also passionate about educating the world to the benefits and Opportunities of Decentralised systems and Crypto as a whole.


Team 2

Name: Juwon Dare

Role: Technical Lead


Experienced director, architect and technical lead with successful track record creating and delivering custom software to solve business problems and requirements.

Strong leadership competencies including the ability to think and act strategically, drive transformation change, drive for results, build a high performance culture and inspire/teach others to perform at higher levels.

Experience designing, building and implementing scalable, fault-tolerant, extendable and distributed systems based on Service Oriented Architectures (SOA) and Domain Driven Design (DDD) using an Agile methodology in cloud, on-premise and hybrid environments.


Part 3 - Proposal Details (*Recommended)

3.1 Details

Details of the proposal:

Today’s intellectual property or data ownership system is totally in the control of media giants who have their right of way as regards what, where, and when data gets published. There are reports of content creators being demonetized by regulators due to expressing their own unique political, racial views. To address these issues, our system will be decentralised. Creators will not be censored or demonetized for simply expressing their individual opinions. For Datavest will believe that these differences are what makes us human.

To address these problems, we are implementing multiple layers of securities to protect your data where no one can access your data without your permission. For each data set (from smartphone data, smartwatch data, browser data, shopping data) there is a data token mined. To create more value, the owners can aggregate the data into a data class and create a sub marketplace on the platform to gain maximum benefits from the data collection. For businesses, they can convert their data silos into fungible assets (via data-tokens), automatically discover the prices (via AMMs), made possible via Ocean Protocol data infrastructure. We will also be able to make data financial assets that can be used or collateralized to obtain loans or funds for other purposes.

3.2 If in Category “Build / improve applications or integration to Ocean”:

App will be live at: (building phase)

Is the software open-source?


**If open-source, please specify the licence. If not, please specify why not open-source. **

We at Datavest have decided at this early stage of the project to not make the software open source. This is so as to prevent exposing confidential Intellectual Property and Data to the general public. We seek to have a robust system before we may, later on, decide to make the code open source. This however will have to be deliberate as at when due.

3.5 If in Category “Build / improve Ocean core software”:

A Pull Request (PR) will be made to these Ocean components:

We commit to working with Ocean core developers to merging the PR, following software quality best practises.


3.7 If the project includes software:

Are there any mockups or designs to date? If yes, please share details / links.


**Please give an overview of the technology stack. **




3.9 Project Deliverables - Roadmap

Any prior work completed thus far? Details?


So far, we’ve been able to (before the grant application):

  • Create a team consisting of competent and enthusiastic members with individual roles assigned.
  • We have also been able to set up a Team workflow to ensure effective management and mobilisation.
  • We have been able to create some social media pages to promote the project.

After the grant application

  • Added a team member to the team as a lead blockchain researcher.
  • Registered the company domain and hosting setup done.
  • Set up social media accounts.

What is the project roadmap?

1st Quarter 2022 (Q1 2022):

  • Develop project Prototype, mockups, and Website.

  • Publish media articles explaining Project Updates and Roadmaps on Medium.

  • Publish White paper and Lightpaper for Datavest Protocol.

  • Grow the Datavest community through intense publicity strategies.

2nd Quarter 2022 (Q2 2022):

  • Publish Datavest Protocol technical whitepaper

  • Kick start Marketing and Reward Campaigns to further build community.

  • Create Dashboard functionalities to enable users to view and monitor their respective profiles and portfolios.

3rd Quarter 2022 (Q3 2022):

  • Integrate/Connect to the Ocean Protocol Marketplace.

  • Publish multiple data contents, datasets, and other IPs to the Ocean Marketplace.

  • Growth and expansion of Datavest through strategic Partnership.

4th Quarter 2022 (Q4 2022):

  • Introduce a data-token exchange functionality, including decentralised swaps, sending, and receiving.

  • Release a mobile application on the App Store and Play Store.

  • ​​Research multi-chain deployment

What are the team’s future plans and intentions? Is there maintenance? Possible extensions to the work?

The framework of the system will drive further development in the future by other developers to build their apps integrating the Datavest protocol without worry about storage, scaling, and other complications that arise from utilising traditional copyright platforms. Another advantage inherent in utilising our system is that there are no servers to maintain and no huge storage to manage. This alone will reduce production costs for developers that utilise our system.

The plan is to involve the community to take in feedback during and after the project is built and resolve bug fixes or other issues that anyone faces while using the project and maintain it for the long term.

Hi @Scott21,

Thank you for submitting your proposal for R-14!

I am a Project-Guiding Member and have assigned myself to help you.

I have reviewed your proposal and would like to thank you for your participation inside of the Ocean Ecosystem!

Your project looks promising and I believe it’s aligned with our evaluation criteria of generating positive value towards the Ocean Ecosystem and the W3SL.

  1. Usage of Ocean — how well might the project drive usage of Ocean? If successful this project could drive Ocean usage and unlock a new niche for data assets to be traded.
  2. Viability — what is the chance of success of the project? This is an early stage project requesting their first grant so there is not yet any work history for the community to see. Some links have been provided (social media etc) but there is as yet little engagement/activity on the links shared.
  3. Community active-ness — how active is the team in the community? Here are some things you can do to increase visibility within the community if you haven’t done so already.
    a. Saying hi to the community in #ocean-dao and sharing your proposal.
    b. Saying hi to members of the #project-guiding WG and sharing your proposal.
    c. Meet with the Evaluators assigned to you by the #project-guiding WG.
    d. Attend a Town Hall or Project-Guiding WG meeting to talk about your project and proposal.
  4. Adding value to the community — how well does the outcome of the project add value to the overall Ocean community / ecosystem? If successful this project could certainly add a lot of value to the community and target an exciting niche within the Ocean ecosystem.

Based on the reasons above, I am in support of your project and proposal. I look forward to continuing providing support and feedback to your project

All the best!

-Your PGWG Guide

1 Like

Thank you for submitting your proposal @Scott21 it has now been registered and accepted into R14.

All the best!