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DeepMarkit Announces Execution of LOI with Japan-based BloomX
DeepMarkit Announces Execution of LOI with Japan-based BloomX Canada NewsWire ...
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[{"type":"text","content":"\n \n \n \n DeepMarkit Announces Execution of LOI with Japan-based BloomX\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n TSXV: MKT   OTC: MKTDF   FRA: DEP\n \n \n \n \n BloomX to Introduce Asia-based Carbon Credit Projects to DeepMarkit's Subsidiary, First Carbon Corp., through its MintCarbon.io Platform\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n June 22, 2022\n \n \n /CNW/ -\n \n DeepMarkit Corp., (\"DeepMarkit\" or the \"Company\")\n \n (TSXV: MKT) (OTC: MKTDF) (FRA: DEP), a company focused on transitioning the global carbon offset market to the more accessible digital economy by minting credits into non-fungible tokens (\"\n \n NFTs\n \n \"), is pleased to announce that it has signed a letter of intent (\"\n \n LOI\n \n \") with Bloom X Alliance Inc. (\"\n \n BloomX\n \n \") to form a referral arrangement (the \"\n \n Arrangement\n \n \"). Pursuant to the key terms in the LOI, DeepMarkit and BloomX are working to form the Arrangement through which BloomX will introduce and onboard carbon credit projects onto the blockchain through DeepMarkit's proprietary minting platform, MintCarbon.io. Based in\n \n Japan\n \n , BloomX is a blockchain-based products and services company seeking to reduce cost and improve efficiency of international asset transfers. It looks to participate and invest in blockchain-based products and services as well as other technology-enabled and related growth opportunities.\n \n \n \n \n \n \n \n \n \n Through the Arrangement, DeepMarkit is expected to benefit from extensive and diverse exposure to numerous new carbon projects, as well as an increased level of validation in the ASEAN carbon offset community. MintCarbon.io is expected to receive increased transaction volume as a result of any and all users referred by BloomX that mint existing credits into NFTs. Pursuant to the Arrangement, BloomX will receive a fee for referring carbon projects to DeepMarkit, which will be payable by DeepMarkit in cash, or at DeepMarkit's disc...