Cryptocurrency Q&A
Who is ocean owned by?
Who is ocean owned by?
Tommaso
Sat Jun 29 2024
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6 answers
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I've come across the term "Ocean" in the cryptocurrency and finance space, but I'm not quite sure who it's owned by. Could you elaborate on the ownership structure of Ocean? I've heard about its decentralized nature, but I'm curious about who the key stakeholders or founders are. Is it a publicly traded company? A consortium of individuals? Or perhaps a decentralized autonomous organization (DAO)? Clarifying the ownership structure would help me understand Ocean's governance and its long-term prospects.
6 answers
ZenMind
Sun Jun 30 2024
Additionally, a country has the authority to regulate activities like shipping, scientific research, and the protection of the marine environment within its EEZ.
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CryptoProphet
Sun Jun 30 2024
The seas and oceans are widely recognized as a 'global commons', embodying the notion that they are shared resources belonging to all nations yet individually owned by none.
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Nicola
Sun Jun 30 2024
Despite this collective ownership, international law permits countries to assert sovereignty over specific maritime areas for economic purposes.
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RobertJohnson
Sun Jun 30 2024
The concept of EEZs reflects the balance between the global commons aspect of the oceans and the need for nations to protect and utilize their natural resources.
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AmethystEcho
Sun Jun 30 2024
One such area is the 'exclusive economic zone' (EEZ), which extends up to 200 nautical miles from a nation's coastline.
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