We are thrilled to announce that the strategic funding round for H2O is now complete. The project is capitalized, well equipped and has strategic investors onboard, aligned with our vision of enabling $H2O to become the preferred Medium of Exchange and Unit of Account for the emerging Web3 data economy.
In total, H2O raised $1,250,000 for 5% of its token supply of $PSDN governance tokens, from a number of notable angel investors, VCs, and DAOs. In harmony with the project's sensible tokenomics, Investor tokens will be subject to a 6-month cliff (with 10% unlocked) with a linear vest over a 2-year period.
Each of the invested parties will support H2O on its path to become the dominant stableasset in Ocean Protocol's Data Marketplace and the blossoming Web3 Data ecosystem.
The round was led by Trent McConaghy & Bruce Pon (Ocean Protocol Co-Founders), and Ocean Protocol Foundation. Other notable investors include, but are not limited to, Big Brain Capital, Next Web Capital, 0xVentures, GAINS Associates, HG Ventures, and Small Cap Scientist.
More information will be disclosed in the coming days, but we're pleased to confirm the launch of the H2O Protocol is happening on April 27th. There's something special planned for Ocean Protocol, New Order DAO and Reflexer community members and at launch. At launch $OCEAN holders will be able to deposit their tokens to mint $H2O. In the near future, H2O will use data tokens as collateral for its data-backed $H2O, a first in the nascent Web3 Data Economy.
$H2O is going to position itself as the native stable asset of the Web3 data economy and we couldn't be more excited with that opportunity - we share Ocean Protocol's vision of a trillion dollar decentralised data economy and are positioned to become an important primitive in the ecosystem.
Okarin, Business Lead at H2O, shared his enthusiasm about the strategic round and the next steps on H2O's journey: "For the past 5 years I’ve been absolutely fascinated by blockchain technology and dreaming about a more important role for Data within Web3. This is why I decided to make H2O my full time commitment and experiencing the excitement of our partners and strategic investors around our vision energises me and the entire team."
We want to thank the community and are looking forward to announcing our next milestones, which are just around the corner.
We’d love for you to join our growing community of builders and users committed to decentralized data economies in DeFi. You can start by joining one or more of our community channels.
H2O is a Ocean backed stableasset with a managed float regime that serves as a medium of exchange and unit of account in decentralized data marketplaces.
We are thrilled to announce that the strategic funding round for H2O is now complete. The project is capitalized, well equipped and has strategic investors onboard, aligned with our vision of enabling $H2O to become the preferred Medium of Exchange and Unit of Account for the emerging Web3 data economy.
In total, H2O raised $1,250,000 for 5% of its token supply of $PSDN governance tokens, from a number of notable angel investors, VCs, and DAOs. In harmony with the project's sensible tokenomics, Investor tokens will be subject to a 6-month cliff (with 10% unlocked) with a linear vest over a 2-year period.
Each of the invested parties will support H2O on its path to become the dominant stableasset in Ocean Protocol's Data Marketplace and the blossoming Web3 Data ecosystem.
The round was led by Trent McConaghy & Bruce Pon (Ocean Protocol Co-Founders), and Ocean Protocol Foundation. Other notable investors include, but are not limited to, Big Brain Capital, Next Web Capital, 0xVentures, GAINS Associates, HG Ventures, and Small Cap Scientist.
More information will be disclosed in the coming days, but we're pleased to confirm the launch of the H2O Protocol is happening on April 27th. There's something special planned for Ocean Protocol, New Order DAO and Reflexer community members and at launch. At launch $OCEAN holders will be able to deposit their tokens to mint $H2O. In the near future, H2O will use data tokens as collateral for its data-backed $H2O, a first in the nascent Web3 Data Economy.
$H2O is going to position itself as the native stable asset of the Web3 data economy and we couldn't be more excited with that opportunity - we share Ocean Protocol's vision of a trillion dollar decentralised data economy and are positioned to become an important primitive in the ecosystem.
Okarin, Business Lead at H2O, shared his enthusiasm about the strategic round and the next steps on H2O's journey: "For the past 5 years I’ve been absolutely fascinated by blockchain technology and dreaming about a more important role for Data within Web3. This is why I decided to make H2O my full time commitment and experiencing the excitement of our partners and strategic investors around our vision energises me and the entire team."
We want to thank the community and are looking forward to announcing our next milestones, which are just around the corner.
We’d love for you to join our growing community of builders and users committed to decentralized data economies in DeFi. You can start by joining one or more of our community channels.
H2O is a Ocean backed stableasset with a managed float regime that serves as a medium of exchange and unit of account in decentralized data marketplaces.
H2OdataH2O Fundamentals: Governance and Tokenomics
What is H2O?Although some of this information was mentioned in previous posts, we want to reiterate the critical points about H2O.H2O is a stable asset for decentralized data marketplaces.H2O is a friendly fork of Reflexer’s stableasset, RAI.Initially, the Ocean token will back H2O, but other next-generation data tokens will back H2O later this year.H2O will act as a medium of exchange and unit of account.H2O removes the pricing variability in decentralized data marketplacesTo summarize, H2O ...
H2OdataH2O, the first non-pegged stable asset for the Web3 Data Economy, is here
The time has come.After eight busy months of hard work, the H2O team is thrilled to announce the launch of H2O, an important milestone for the entire Web3 Data Economy. H2O is a non-pegged and decentralized stable asset backed by OCEAN. H2O is now live on Ethereum mainnet. Across all industries, the transformational power of data is impossible to ignore. McKinsey reports that data “can help unlock $3 trillion to $5 trillion in economic value.” The Economist writes that “The world’s most valua...
H2OdataH2O Fundamentals: Governance and Tokenomics
What is H2O?H2O is a stable asset for decentralized data marketplaces.H2O is a friendly fork of Reflexer’s stable asset, RAI.Initially, the OCEAN token will back H2O, but other next-generation data tokens will back H2O later this year.H2O will act as a medium of exchange and unit of account.H2O removes the pricing variability in decentralized data marketplaces To summarize, H2O will help solve multiple issues in decentralized data marketplaces, such as capital efficiency, stability in transac...
H2OdataH2O Fundamentals: Governance and Tokenomics
What is H2O?Although some of this information was mentioned in previous posts, we want to reiterate the critical points about H2O.H2O is a stable asset for decentralized data marketplaces.H2O is a friendly fork of Reflexer’s stableasset, RAI.Initially, the Ocean token will back H2O, but other next-generation data tokens will back H2O later this year.H2O will act as a medium of exchange and unit of account.H2O removes the pricing variability in decentralized data marketplacesTo summarize, H2O ...
H2OdataH2O, the first non-pegged stable asset for the Web3 Data Economy, is here
The time has come.After eight busy months of hard work, the H2O team is thrilled to announce the launch of H2O, an important milestone for the entire Web3 Data Economy. H2O is a non-pegged and decentralized stable asset backed by OCEAN. H2O is now live on Ethereum mainnet. Across all industries, the transformational power of data is impossible to ignore. McKinsey reports that data “can help unlock $3 trillion to $5 trillion in economic value.” The Economist writes that “The world’s most valua...
H2OdataH2O Fundamentals: Governance and Tokenomics
What is H2O?H2O is a stable asset for decentralized data marketplaces.H2O is a friendly fork of Reflexer’s stable asset, RAI.Initially, the OCEAN token will back H2O, but other next-generation data tokens will back H2O later this year.H2O will act as a medium of exchange and unit of account.H2O removes the pricing variability in decentralized data marketplaces To summarize, H2O will help solve multiple issues in decentralized data marketplaces, such as capital efficiency, stability in transac...
The new wave of a data backed stable asset
The new wave of a data backed stable asset
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