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How can I parse URL Based data into a JSON Object ?
Yes, please.
Here's an example of how you can use fetch() to retrieve JSON data from a URL and parse it into a JSON object:

fetch('https://example.com/data.json')
  .then(response => response.json())
  .then(data => {
    console.log(data);
  })
  .catch(error => {
    console.error(error);
  });

This code fetches the data from the URL 'https://example.com/data.json', then uses the response.json() method to parse it into a JSON object, which is then logged to the console.