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DeepMarkit Welcomes Added Validation of its Business Model as Venture Capital Firms Lead US$70 Million Investment in Recent Industry Deal
DeepMarkit Welcomes Added Validation of its Business Model as Venture Capital Firms Lead ...
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[{"type":"text","content":"\n \n \n \n DeepMarkit Welcomes Added Validation of its Business Model as Venture Capital Firms Lead US$70 Million Investment in Recent Industry Deal\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 VC Firms Andreessen Horowitz, General Catalyst and Samsung Next, to name a few, backed the latest large deal that is drawing attention to the carbon credit industry\n \n \n \n \n Flowcarbon's ability to raise\n \n US$70 Million\n \n demonstrates a growing level of interest the tokenization of carbon credits and is expected to facilitate the evolution of the already large asset class\n \n \n \n \n The voluntary carbon market is growing and is believed to be one of the best solutions to reduce global CO\n \n 2\n \n emissions\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n June 2, 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 spotlight the recent\n \n US$70 Million\n \n financing by Flowcarbon Inc. (\"\n \n Flowcarbon\n \n \") (the \"\n \n Financing\n \n \") as it further validates the tokenization of the carbon credit industry that DeepMarkit has been pursuing since the inception of its wholly owned subsidiary, First Carbon Corp., and the development of its MintCarbon.io platform. The Financing have given a boost to the emerging industry as well as DeepMarkit's credibility via its plan to increase the transparency of the historically opaque carbon credit markets, all while combating climate change.\n \n \n \n \n \n \n \n \n \n Bringing carbon credits on-chain adds major efficiencies to the market, enabling individuals and corporations to internalize the cost of emissions, reducing negative externalities that are currently socialized, and ultimately incentivizing more sustainable practices.\n \n 1\n \n The world's economies are projecting that voluntary carbon market...