Commercial Launch Of Proprietary Carbon Offset Minting Platf...| MENAFN.COM

Thursday, 06 October 2022 01:51 GMT

Commercial Launch Of Proprietary Carbon Offset Minting Platform Mintcarbon.Io $MKTDF Is Revolutionizing Access To The Billion Dollar Carbon Credit Market Via The Blockchain : (OTC: MKTDF)(TSXV: MKT)


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  • Democratizing Access to Billion Dollar Voluntary Carbon Credit Offset Market by Minting Credits into Tradeable NFTs.
  • CA$4.83 Million Raised via Recent Private Placements, Welcoming Asset Manager Radiance Assets as 9.7% Shareholder.
  • Up to C$20,000,000 of Buy-side Liquidity Agreement with Radiance Assets.
  • Successful Registration With Leading Third Party Verification Organizations Gold Standard and Verra.
  • Completed Three Successful LiveTests and Mints Carbon Credit NFTs via its MintCarbon.io Platform
  • Partnered with Low-Emission Network Polygon / Engaged Quantstamp for Security Assessment Services.
  • LOI with Japan-based BloomX for the Introduction of MintCarbon.io to Asian Market.

 

MKTDF is pleased to announce the commercial launch of its proprietary MintCarbon.io platform (the“Platform”). The Platform was developed by DeepMarkit to support and promote reliability and transparency in the rapidly growing voluntary carbon market (the“VCM”) while enabling users to easily connect their digital wallets to onboard, purchase, hold, or retire carbon offsets using the Blockchain.

DeepMarkit Corp. (TSXV: MKT, OTC: MKTDF, FRA: DEP) (CNW Group/DeepMarkit Corp.)

 

The VCM surpassed a valuation of $1 billion for the first time in November 2021. It is on course to surpass $2 billion this year and is predicted to reach $40 billion by 2030.1 Bringing the VCM onto the blockchain via MintCarbon.io is expected to help unlock liquidity and transparency, thereby driving market growth and facilitating the movement of capital to where it is needed the most.

 

“After several months of hard work and an exceptional team effort, I am proud to announce the official launch of our proprietary MintCarbon.io platform. I would like to sincerely thank the DeepMarkit team as well as our technical consultants, service providers, advisors, and other stakeholders who have played an important part in helping us reach this critical milestone,” said Ranjeet Sundher, Chief Executive Officer of DeepMarkit.“The Platform has been tested, is accredited, and is now ready to onboard offsets and commence generating revenue for the Company,” added Mr. Sundher.

 

Regarding MintCarbon.io's unique revenue model, it was designed to not only accrue revenue for the Company but also to reward carbon offset owners through a sharing arrangement. For example, once a minting fee is collected by the Company upon the initial onboarding of a carbon offset, all subsequent transaction fees earned by the NFT-based offset can be split between DeepMarkit and the carbon offset holder each time the token representing the underlying carbon offset is traded on any decentralized exchange in the world.

 

Given that transparency, integrity and reliability are crucial for the growth of the carbon offset sector, MintCarbon.io further ensures that every project listed is linked to a third-party verified carbon offset. The Company is working closely with Gold Standard and Verra to ensure only the highest quality, authentic projects are onboarded. Additionally, the Platform has received a Security Assessment Certificate from Quantstamp, which evaluated the Platform for security-related issues, code quality, and adherence to specifications and best practices for its smart contracts

 

ABOUT MKTDF:

DeepMarkit Corp. (TSXV: MKT ) (OTC: MKTDF ), is a company focused on democratizing access to the voluntary carbon offset market by minting carbon credits into tradeable NFTs. DeepMarkit's primary asset, MintCarbon.io, is a web-based, software-as-a-service platform that facilitates the minting of carbon credits into NFTs (based on the ERC-1155 standard) or other secure tokens (based on the ERC-20 standard). ERC-1155 tokens allow carbon project owners to better communicate their stories to the public by embedding detailed information such as images, video, and project descriptions. The MintCarbon.io platform will act as a portal to allow anyone with an internet connection to access project profiles and give corporations as well as the general public an opportunity to link to any decentralized exchange in order to buy or sell the token associated to the underlying, verified carbon credit. 

DeepMarkit Corp is preparing for a commercial launch of its platform MintCarbon.io, and anticipates generating revenue through minting fee's and royalty payments that can be triggered when a tokenized carbon credit is traded.

  • DeepMarkit Recaps Accomplishments from First Half of 2022

The Company also Announces its Support of the Growing Industry Consensus of the Blockchain Being a Key Tool to Ushering the World's Antiquated Carbon Trading Systems into the Modern Age

On June 29th MKTDF highlighted its most significant developments from the first half of 2022. Additionally, MKTDF observed the growing industry consensus of the blockchain becoming a critical tool for transitioning the world's antiquated carbon trading systems into the modern age.

The most notable MKTDF highlights this year, subsequent to closing the acquisition of First Carbon Corp., include: 

CA$4.83 million was raised via private placements including welcoming Radiance Assets Berhad (“Radiance”) as a significant shareholder of MKTDF ;

Achieved successful registration on the Gold Standard and Verra carbon registries;

Completed a definitive collaboration agreement with Radiance for the introduction of international carbon credit projects to the MKTDF 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 three inaugural tests, including the successful minting, listing and retiring of carbon credit NFTs via MintCarbon.io;

Became one of Polygon's key sustainability partners and engaged Quantstamp for security assessment services; and

Executed of an LOI with Japan-based BloomX for the introduction of MintCarbon.io to the Asian market.

 

For more information on DeepMarkit Corp. (TSXV: MKT ) (OTC: MKTDF ) visit: . 

 

DISCLAIMER: This article is purely for informational purposes and is not a recommendation in any way for buying or selling stocks

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