Iron Deposits in Ancient Sea Floor (IMAGE) Georgia Institute of Technology Caption This risen sea floor is red like rust. As oxygen built up in the waters, iron rusted out of solution. When it was was a plentiful in the ocean, the powerful chemical reactant that could have facilitated production of N2O (laughing gas). Karijini National Park Banded Iron Formations, Australia. Credit Georgia Tech / Jennifer Glass Usage Restrictions None License Licensed content Disclaimer: AAAS and EurekAlert! are not responsible for the accuracy of news releases posted to EurekAlert! by contributing institutions or for the use of any information through the EurekAlert system.