Here are the Winners of the Predict-ETH Round 4 Data Challenge
Predict-ETH Round 4 just completed and we’re ready to announce the winners — drumroll, please! First, second, and third places go to Soptq ($2500), Cheloco Barrios ($1500), and Jesus Valle ($1000) respectively. Each of the winning predictions showcases how to monetize data successfully using Ocean Protocol’s open source tools for the blockchain. Congratulations to all!
Predict-ETH is a recurring data challenge to predict the price of ETH and win prize money, using the ocean.py library. Accurately predicting ETH can be a valuable tool in buying and selling ETH, DeFi trading, yield farming, or DeFi protocol development. If your predictions are consistently on point, then you can sell them as a data feed on Ocean Market, earning you even more income.
Of course, predicting ETH is no walk in the park. It’s a complex task that requires skill, knowledge, and a bit of luck. But that’s exactly why Ocean Protocol hosts regular Predict-ETH competitions — to help you sharpen your machine learning skills, learn from others, and potentially make some cash along the way.
Predict-ETH Round 4 Setup
Predict-ETH Round 4 kicked off on March 7th, 2023. The Round 4 README guided contestants how to make their submissions. Desights was used to host the competition in a decentralized fashion. We held regular workshops with the community for anyone working on the Predict-ETH challenge who wanted facetime with the Ocean core team.
The submission deadline was April 5th, 2023, at 23:59 UTC. Competitors had to make predictions for ETH price up to 12 hours into the future.
Predict-ETH Round 4 Evaluation
We streamlined the evaluation criteria for winning in this round.
The winner = whoever has lowest prediction error (normalized mean-squared error, or NMSE). That’s all. There is no subjectivity.
To be eligible, competitors must have produced the outcomes that the README guides:
✅ Signed up to Desights platform, and registered for this competition
✅ Created an Ocean data NFT
✅ On the data NFT, set a value correctly: correct field label, correct # predictions, prediction values following correct formatting, predictions encrypted with proper encoding on judges’ public key
✅ Transferred data NFT to Ocean judges before the submission deadline
✅ Submitted txid of this transfer to the Desights platform
✅ All on Mumbai network, not another network
Predict-ETH Round 4 Winners
We’re proud to announce winners for Predict-ETH Round 4:
First place ($2,500) goes to Soptq.
Second place ($1,500) goes to Cheloco Barrios.
Third place ($1,000) goes to Jesus Valle.
Great work, Soptq, Cheloco Barrios, and Jesus Valle!
Round 3 Statistics: Table of NMSEs, Ranks, etc
The following table shows the NMSE and NMSE rank by competitor’s data NFT address.
Conclusion
Crypto price prediction can be an interesting and fun task — better yet, it can be monetized immediately! Congratulations to all the winners and kudos to all participants for their entries.
About Ocean Protocol
Ocean was founded to level the playing field for AI and data. Ocean tools enable people to privately & securely publish, exchange, and consume data.
Follow Ocean Protocol on Twitter or Telegram to keep up to date. Chat directly with the Ocean community on Discord. Or, track Ocean progress directly on GitHub.
