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DeepMarkit Successfully Tests and Mints Carbon Credit NFTs via its MintCarbon.io Platform
DeepMarkit Successfully Tests and Mints Carbon Credit NFTs via its MintCarbon.io Platform...
About this update from Prospect Prediction Markets Inc.
[{"type":"text","content":"\n \n \n \n DeepMarkit Successfully Tests and Mints Carbon Credit NFTs via its MintCarbon.io Platform\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Carbon Credits were Sourced from Two Wind Projects and a Landfill Project, all Authenticated on the Gold Standard and Verra Registries\n \n \n \n \n Three Scenarios of Retiring, Claiming and Holding a Carbon Credit NFT Were Successfully Tested via the Company's Platform\n \n \n \n \n The Retirement Contract was Deployed on Polygon's Lower-Emission Blockchain\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n May 12, 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 it has recently undergone and successfully completed three different scenario-based tests (the \"\n \n Minting Tests\n \n \") to mint carbon credits into NFTs via its MintCarbon.io platform. The Minting Tests were conducted in order to confirm the core functionality of the MintCarbon.io platform, which is nearing commercial launch.\n \n \n \n \n \n \n \n \n \n As background, the NFT minting process for an offset credit is initiated by confirming and authenticating the credit on a carbon project registry. Upon verifying the offset credit's authenticity, the user is then approved to mint it into a verified carbon credit NFT through the MintCarbon.io platform. Once minted, the user can hold, sell or retire their carbon credit NFT. A holder of an active carbon credit can retire it via a retirement contract on the MintCarbon.io platform. Retirement takes place seamlessly on both the blockchain and on the authenticating registry. When the underlying carbon credit is retired, the NFT's residual value can become a function of the market's perceived worth of its artwork and its underlying project details.\n \n \n \n Management Commentary\n \n \n \n \"These ...