A protocol for contributing and verifying business data, and a marketplace for connecting data buyers and sellers.
Novo is a decentralized protocol that enables the contribuon, verificaon and sale of structured and unstructured business data via a marketplace. This protocol will support a decentralized applicaon (dApp) built on the Ethereum blockchain.
The NOVO ulity token serves as a medium of exchange for marketplace parcipants, provides incenves for developers and sales teams, and enables decentralized governance. The token will provide a direct incenve for data providers to sell empirical and other business data through the Novo marketplace where buyers can access data that was previously inaccessible. Addionally, the token will power a protocol to ensure accurate verificaon of the data. Data verifiers will be rewarded with the NOVO token and data buyers will use the token to buy this verified data through the marketplace.
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