Lot of talk between Fetch, Ocean protocol and Alliance, Here are some more updates and clarification from @oceanprotocol side
🌊 OCEAN COMMUNITY CLARIFICATION — 51% $OCEAN TOKENS
By Bruce Pon
🚨 Addressing false claims made by & SingularityNET reps about Ocean’s 51% token allocation.
Key Facts:
🔹 Legally Transferred (2021):
51% $OCEAN community tokens were officially handed to oceanDAO, not OPF.
🔹 Minted (2023):
Tokens were minted on-chain, fully independent of Ocean Protocol Foundation.
🔹 Community-Owned (2025):
Signing rights moved to Ocean Expeditions (Cayman Trust) — managing assets for the Ocean community only.
🔹 Conversion to $FET:
Used community-designated $FET, not ASI or allocation.
🔹 No Theft. No Misuse.
All actions taken to preserve community value, with full transparency and legal structure.
🗣 “The 51% Tokens belong to the Ocean community — held in trust, for the community, and no one else.”
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