Crypto trader Tyler Swope says he’s tracking two crypto assets that may be poised to ride the clean energy wave.
Swope tells his 232,000 YouTube subscribers that he’s investing in Ocean Protocol (OCEAN) and NuCypher (NU), which both have tangential links to Elon Musk’s $100 million carbon removal competition.
The four-year global competition is facilitated by XPRIZE, and it invites innovators to try and craft new ways to pull carbon dioxide directly from the atmosphere or oceans.
OCEAN, the 134th-ranked asset by market cap, has partnered with XPRIZE multiple times in the past.
The data-sharing blockchain is trading at $1.34 at time of writing and is down nearly 20% in the past two weeks, according to CoinGecko.
The nonprofit organization Creative Destruction Labs partnered with XPRIZE for Musk’s carbon removal competition.
The privacy-centric protocol NuCypher (NU) is an almuni company of Creative Destruction Labs’ program.
NuCypher, the 275th-ranked asset by market cap, is trading at $0.503383 at 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 designed to be staked so that users can run a node on the NuCypher network. The project itself is a network that provides cryptographic services to decentralized applications and protocols such as key management, access controls, and data privacy.
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