Name of Project:
Proposal in one sentence:
Onboard the first Ocean Missions community members and get the first ‘crew’ working on a data mission.
Description of the project and what problem it’s solving:
Ocean Protocol needs both data buyers and data sellers to function properly, I believe that Ocean Missions can help deliver both.
Ocean Missions is a community of data professionals that will extract valuable insights about NFTs, DeFi and Cryptocurrency from blockchain data and publish the data assets they create on Ocean Market.
Targeting data professionals to provide insights from blockchain data is in line with what I believe is a good go to market strategy for Ocean Protocol based on work completed previously.
While Ocean Missions is a community, it has the potential to function as a Blockchain Analytics co-op through leveraging the unique value of Ocean Protocol and data tokens.
Unlike a regular Blockchain analytics organisation which owns the data assets (datasets and algorithms) you build, the data assets you build while working within the Ocean Missions community are owned by you.
- First Ocean Missions community members on boarded
- An onboarding experience running for new members
- Discord server with appropriate channels and guidelines for collaboration.
- First ‘data missions’
- (hopefully) the first ‘data crew’ working on a data mission
- I will also continue creating and sharing content to help attract new members to the Ocean Missions community.
Which Category best describes your project?
Which fundamental metric best describes your project?
Total Value Locked
What is the final product?
The goal is to build a community of data professionals collaborating to extract valuable insights about NFTs, DeFi and Cryptocurrency from blockchain data and publishing the data assets they create on Ocean Market.
The final ‘product’ from this proposal will be the ‘bare bones’ of this community. It will have the first community members, lead generation content (attracting new members), an onboarding experience for new members, Discord server with appropriate channels and guidelines for collaboration. It will also have the first ‘data missions’ and (hopefully) the first ‘data crew’ working on a data mission.
What is the ROI?
Chainalysis, one of the world’s leading blockchain analytics firms is valued at $2 billion and has 233 staff.
Chainalysis represents both how large this market is, and a potential client of Ocean Missions. Rather than invest in the development of certain data assets they can just purchase them from members within the Ocean Missions community or sponsor data missions themselves.
For the purposes of the ROI calculation let’s assume Ocean Missions can contribute 10 valuable data assets in year 1, 50 in year 2 and 150 in year 3 that would equate to 210 valuable data assets.
BANG: If TVL for each data asset = $10,000 then TVL over 3 years = $2,100,000
Chance of Success: 3% (expected to increase over time).
ROI: 2,100,000/20,000 x 3% = 3.15
Proposal Wallet Address:
Have you previously received a grant?
Project website - www.OceanMissions.com
Project twitter - @OceanMissions
Discord - ScottM3
Team lead contact here.
Country of residence:
- Enterprise business development, contract negotiations and sales
- Software product development
- Communications and Marketing
- Professional Website
I want to turn Ocean Missions into the most valuable blockchain analytics ‘organisation’ within Web3. Leveraging the incentive structures implemented within Ocean Protocol I think this could be possible.
There will likely be revenue opportunities in the future which would help make Ocean Missions financially self-sustainable but for now it’s being incubated with DAO grants. For this reason it’s likely that future grants will also be submitted until financial self-sustainability is achieved, alternative funding is found, or the Ocean DAO community no longer sees value in the project.
A financial summary for Ocean Missions can be found here.
I am also active part-time as an adviser for Rugpullindex.com