Optimism leads to smart contracts for ocean protocols and launch of the ocean market

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

Ethereum developers gave birth to Optimism, an L2 blockchain praised for its speed, reliability, and scalability. The rise of Optimism is rapidly gaining popularity in consumer dApps, decentralized banking and SocialFi and is vibrant in the proliferation of decentralized applications (dApps), transactions and unique addresses.

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

Functions

The core of Optimism lies in the Ocean Protocol, which includes several elements. Within this framework, Ocean Market acts as a hub for users to seamlessly exchange and access data assets on Optimism. Users can interact with registered assets through portfolio navigation, creating a user-friendly experience. In addition, the Optimism Network provides developer tools, such as the Ocean.js integration, to support decentralized app (dApp) creators and facilitate streamlined development processes.

Additionally, Optimism demonstrates extensive support for Ocean’s components including smart contracts, market, 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 the Ocean Protocol promotes an environment where users can easily navigate, exchange data, and leverage decentralized applications with improved efficiency.

Advantages

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

Ocean Subgraph, an off-chain service using GraphQL, improves data retrieval, while Aquarius refines on-chain information retrieval, tracking, and caching for dApp search capabilities. The Ocean Protocol and Optimism Mainnet partnership represents a monumental leap for the data science and developer community, propelling us into a future where consumer dApps are indispensable to our daily lives.