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[Partnership] Ocean Protocol is now deployed on Polygon Network



Ocean Protocol is now deployed on Polygon Network

Yes, you read it right, Ocean Protocol announces a partnership with Polygon Network so that Ocean users can avoid high gas fees. Polygon Network (formerly Matic) transactions cost mere cents with lower latency.

This partnership will bring Web3 Data Economy tools to the Polygon network chain & ecosystem, as per the announcement made via a blog post.

Currently, Polygon has widespread adoption of over 90 dApps, 7 Million transactions, and 200,000 unique users, enabling high-quality user experiences for top dApps like Polymarket, Aavegotchi, Decentral Games, and Neon District.

“The Polygon team has developed a first-class platform for running EVM-based contracts and bridging across chains. It’s our pleasure to leverage Polygon so that our users benefit from far lower gas costs in Ocean Market and in other emerging dapps & protocols that use Ocean,” said Ocean Founder Trent McConaghy.

Now following will be the benefits once Ocean will be deployed on Polygon Network.

  • People can use Ocean Market to publish, swap, stake, and consume data assets in Polygon.
  • Data marketplace builders and other dapp developers can use Ocean libraries (ocean.js, and frontend components (react hooks, market) with Polygon.
  • Token holders can move their OCEAN to Polygon as mOCEAN tokens and back.

Also, Sandeep Nailwal, Co-Founder and COO of Polygon, said, “The Ocean Market will allow Dapps to build powerful marketplace-powered applications, leveraging the power of data and Polygon-grade transactions. We’re excited to see what devs build!”

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.