DeepMarkit highlighted its most significant achievements from the first half of 2022. The company focuses on transitioning the global carbon offset market to the more accessible digital economy by minting credits into non-fungible tokens (“NFTs”),
DeepMarkit is also pleased to observe the growing industry consensus of the blockchain becoming a tool for helping traditional carbon trading systems transition into the modern age.
Following its acquisition of First Carbon Corp., DeepMarkit’s most notable highlights this year include:
- CA$4.83 million raised via private placements, including Radiance Assets Berhad as a company shareholder;
- Registration on the Gold Standard and Verra carbon registries;
- Have definitive collaboration agreement with Radiance for introducing carbon credit projects to its MintCarbon.io platform;
- Executed an LOI with Top Energy with respect to the minting of clean energy NFTs;
- Entered into a $20 million carbon credit Liquidity Support Agreement with Radiance;
- Completed 3 inaugural tests (minting, listing, and retiring of carbon credit NFTs)
- Became one of Polygon’s key sustainability partners
- Engaged Quantstamp for security assessment services; and
- Executed an LOI with Japan-based BloomX to introduce MintCarbon.io to the Asian market.
DeepMarkit considered blockchain a natural fit for the industry as a tool to track creation, ownership, and retirement of carbon credits as MintCarbon.io is doing. Via this platform, it’s easy to view, share, and link a project’s profile and story to any blockchain-enabled marketplace.
Thus, DeepMarkit reassures that carbon credit NFTs do help individuals and companies alike to manage their emissions and operate in a carbon-based budget long into the future.
Read the full News Release HERE