Business
DeepMarkit Provides Operations Update
(TheNewswire) Calgary, Alberta - TheNewswire - July 25, 2023 - DeepMarkit Corp....
About this update from Prospect Prediction Markets Inc.
[{"type":"text","content":"DeepMarkit Provides Operations Update\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Calgary, Alberta -\n \n \n TheNewswire -\n \n \n July 25, 2023 -\n \n \n DeepMarkit Corp.,\n \n \n (“DeepMarkit” or the “Company”)\n(TSXV:MKT) (OTC:MKTDF) (FRA:DEP)\n \n \n is pleased to\nprovide an update on its business and operations.\n \n \n \n DeepMarkit continues to operate its MintCarbon.io platform, a fee for\nservice web-based user interface which provides registered holders of\nvoluntary carbon offsets the ability to mint Non-Fungible-Tokens\n(\"\n \n NFTs\n \n \")\nrepresenting their carbon offsets. The minting of voluntary carbon\noffsets into universally tradable NFTs, embeds detailed project\ninformation such as visual content, pricing information, statistics\nand other descriptions directly in the NFT. The benefit to customers\nis ease-of-access to decentralized exchanges where their carbon offset\nNFTs can be exposed to larger, more diverse audiences of potential\npurchasers which the Company believes will translate to enhanced\nliquidity, speed and realized transaction value.\n \n \n At present, the Company recognizes that the success of MintCarbon.io\nrequires, in part, the further development of voluntary carbon offset\nmarkets.  Furthermore, the Company believes that the current lack of\ninvestor interest in the\n \n digital asset sector is\nexpected to continue.  As a result of these factors, the Company\nexpects that it will require additional investment to sustain the\nMintCarbon.io business for the foreseeable future.\n \n \n \n \n With the uncertainty of being able to obtain such\ninvestment, on favorable terms or otherwise, the Company has decided\nto simultaneously pursue alternative businesses initiatives.\n \n \n \n \n These initiatives include the search for and\nidentification of potential acquisitions, partnerships and investments\nin innovative and value add artificial intelligence\n(\"\n \n \n AI\n \n \n \") based technologies, including AI technologies which\nmay complement MintCarbon.io or other innovative green tech\nbusinesses.  The Company intends to pursue such measures through its\nsubsidiary DeepMarkit AI Corp. (\"\n \n \n DeepMarkit AI\n \n \n \"),\nincorporated in January 2023.  The Company believes t...