DeepMarkit welcomes added validation of its business model as venture capital firms led a US$70 million investment in the recent funding raised by Flowcarbon.
Flowcarbon is a carbon credit start-up co-founded by former WeWork CEO Adam Neumann. It operates in the voluntary carbon market with Web3 which focuses on influencing the blockchain to scale climate change solutions.
The financing boosted the emerging industry that brings carbon credits on-chain, as well as DeepMarkit’s credibility planning to increase the transparency of the market.
The company has been pursuing the tokenization of carbon credits through its wholly-owned subsidiary, First Carbon Corp. with a primary asset MintCarbon.io platform.
Economies worldwide believe that voluntary carbon credit markets are one of the best solutions to cut emissions. Investors are also immensely interested in putting their money in the market, potentially adding to the industry growth.
With that, DeepMarkit focuses on decentralizing the fight against climate change and democratizing access to the voluntary carbon market by minting credits into NFTs.
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