Ocean Nodes Incentive Program delayed for back-end improvements

The Ocean Protocol (Ocean), a decentralized data exchange protocol, has postponed its anticipated Ocean Nodes Incentive Program.

According to an official blog post, the program’s launch has been moved to Aug. 29 to address “necessary back-end updates” and ensure a fair experience for all participants.

The decision comes after the Ocean team identified and resolved several issues within the monitoring system for tracking node uptime and incentive eligibility.

Related: SingularityNET announces ASI token merger dates for FET, AGIX, OCEAN

Technical issue details

The Ocean team identified a logic flaw in the monitoring system responsible for tracking node performance, which is crucial for ensuring the program’s fairness.

According to the official post, the team quickly “solved the bugs and fixed the logical fault” identified in the eligibility checks.

“…to make sure everything is running smoothly and fairly, we’ve decided to push the start of the incentives program […] this allows us to roll out the necessary back-end updates and ensures that our monitoring system is robust and reliable, creating a fair environment for all participants.”

Related: Decentralized AI gains ground as more protocols collaborate

Dashboard upgrade

Parallel to resolving the back-end issues, the Ocean team made several improvements to its Ocean Nodes Dashboard.

The dashboard updates are designed to improve user experience by providing users with more detailed and actionable data.

“We’ve added sorting, filtering, and the ability to select which columns you want to view. This gives you more control over how you interact with the data.”

The Ocean team noted that until they “push the back-end update,” the values in the “reward eligibility” column may still be inaccurate. 

Related: Grayscale launches new decentralized AI fund

ASI merger on the horizon

As part of the artificial superintelligence alliance (ASI), the Ocean Protocol native token was converted to the Fetch.ai (FET) native token on July 1 in preparation for the final stage of the ASI merger.

All OCEAN and SingularityNet (AGIX) tokens were converted into FET, and they are now awaiting the final stage when the FET token ticker will become ASI.

The official ASI website currently lists the final stage date as “TBD,” but it details that new contracts will be introduced to convert the remaining FET, AGIX, and OCEAN tokens to ASI.

Magazine: Dorsey’s ‘marketplace of algorithms’ could fix social media… so why hasn’t it?