Crypto trader Tyler Swope says he is stalking two crypto assets that may be poised to tackle the clean energy wave.
Swope announces to its 232,000 YouTube subscribers that it is investing in Ocean Protocol (OCEAN) and NuCypher (NU), both of which have tangential links to Elon Musk’s $ 100 million carbon removal competition.
The four-year global competition is supported by XPRIZE and invites innovators to find new ways to pull carbon dioxide directly from the atmosphere or oceans.
OCEAN, the 134th asset by market capitalization, has worked with XPRIZE several times in the past.
The blockchain for data sharing is trading at $ 1.34 at the time of writing, and it’s down nearly 20% in the past two weeks, according to CoinGecko.
The nonprofit Creative Destruction Labs has partnered with XPRIZE for a competition to remove carbon from musk.
The data protection-oriented protocol NuCypher (NU) is an Almuni company of the Creative Destruction Labs program.
The asset ranked 275th by market capitalization, NuCypher is trading at $ 0.503383 at the time of writing and is up more than 10% in the past seven days, according to CoinGecko.
NuCypher’s native asset, NU, is an Ethereum-based token that can be staked out so that users can run a node on the NuCypher network. The project itself is a network that provides cryptographic services for decentralized applications and protocols such as key management, access control and data protection.
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Featured image: Shutterstock / GrandeDuc