The Ocean team have been working in the blockchain industry since 2013. The first guys to put IP on the blockchain with Ascribe. One of few companies that has been able to survive on revenue alone before the conception of tokens and ICO money.
Anyway in regards to Ocean itself, they have financial runway through 2021. This world class team is delivering world leading tech thats being used by some of the largest companies in the world (Roche, 2x the market cap of bitcoin itself) and Goverments (We just mentioned recently their involvement in Gaia-X, backed by the German Goverment AND European Union itself).
In regards to hype dying, no, adoption is happening. Companies are literally building their businesses around Ocean tech (dexFreight, Boson Protocol to name 2).
This project boasts an insanely active Github, 170 teams registered for their latest data economy challenge. People are working on stuff. Some guy from Dailmer (Mercedes) was seen in their dev forum on Friday.
Now they're not doing random POC things, they're working with the worlds leading automotive manufacturers and confirmed their initial POC was already a success. These guys are delivering actual adoption of the tech in cars you are waiting for you BTC to moon to be able to afford