When Tesla CEO Elon Musk’s name is mentioned, the popular meme coin Dogecoin (DOGE) immediately comes to mind in the crypto world. Attempts to send DOGE to the moon with his tweets are engraved in the memories of market players. However, signs have emerged that the Tesla CEO is linked to an altcoin project in the ‘newly popular’ artificial intelligence (AI) field of recent days.
DOGE fan Elon Musk: 2023 will be the year of AI
cryptocoin.comAs you follow, Tesla boss Elon Musk is often referred to as the dog-themed meme coin Dogecoin (DOGE). The bond between them is so strong that after Elon Musk’s acquisition of Twitter, claims that he will integrate DOGE as a payment tool on the social media platform have been expressed quite a lot. However, the meme coin hype hasn’t been very popular lately. Now AI (artificial intelligence) is spoken in the world and in the crypto universe. Tokens of altcoin projects focused on AI technology attract attention with price increases.
A Twitter user nicknamed Smoke-away shared a reminder of developments in AI. On top of that, Elon Musk stepped in and suggested that 2023 will be a big year for AI. This brought to mind the question of whether there is a project that Musk is associated with.
On top of that, the crypto community started researching and got some clues. As a result, an AI-focused altcoin project emerged, with which the Tesla CEO is indirectly, if not directly, connected. The technology organization XPRIZE, of which Elon Musk is an investor, forms the connection point here. In this context, the altcoin project designated as ‘technical partner’ on XPRIZE’s website: Ocean Protocol (OCEAN). When we mix the Twitter account of the altcoin project, we encounter Elon Musk-themed posts in 2021. This makes this connection a little stronger.
What does the Ocean Protocol do?
Ocean Protocol is a crypto-ramp for data services that unlocks the value of data. Founded in 2017, it uses Blockchain technology to connect data providers and consumers. Data owners can sell data through the Ocean Market app to monetize their data while maintaining privacy and control. Consumers, on the other hand, can purchase private data that they could not access before.
This is especially helpful for AI practitioners and data scientists who benefit from access to more data, crypto-protected resources, and revenue opportunities. Compute-to-data allows private data to be used in AI models and aids research without being shared directly. Ocean Protocol users can also earn by curating data by staking. Meanwhile, developers are using Ocean Libraries to create and launch their own decentralized marketplaces, wallets and more. OCEAN is the protocol’s native utility token and the default unit of exchange when buying and selling data on the Ocean Market. It is also used for governance and staking. Elon Musk, his connection reflected positively on the OCEAN price. At press time, the altcoin was trading at $0.3541, up over 13% on a daily basis.
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