Blockchain-based synthetic carbon credits are coming soon thanks to KyotoProtocol.io, a project now joined by NEAR Protocol to further technological on-chain advancements
LONDON, UK / ACCESSWIRE / May 30, 2022 /KyotoProtocol.io, the world's first-ever decentralised finance multilayer blockchain carbon credit protocol building real utility to a dangerously lagging carbon industry, has partnered with NEAR Protocol, an open and scalable ecosystem empowering millions of Web3 creators to accelerate, in order to release Kyoto Protocol.io carbon credit marketplace.
As part of the partnership, KyotoProtocol.io has received a meaningful grant from NEAR Protocol that will allow the project to establish itself as an advanced decentralised carbon credit DEX which aims to become the go-to carbon offset mechanism for businesses across the globe, including those involved in the NEAR ecosystem.
NEAR Protocol will be providing ongoing support to KyotoProtocol.io in rolling out its decentralised carbon credit marketplace. NEAR promotes data-driven business decisions that advance the carbon credit industry further, therefore such high levels of project support are aspects expected by most of the community, including both the enthusiasts and businesses in the cryptosphere.
Founder & CEO at KyotoProtocol.io and active advocate for environment-focused technology, Ashton Hunt, was thrilled to be joined by such an established and pioneering network as NEAR, and eagerly commented on the partnership:
"At KyotoProtocol.io, our mission is clear - generate carbon offset by rewarding people for platform involvement, reinventing the carbon credit industry as a whole. Having a partner like NEAR Protocol will enable us to tackle climate change with blockchain at a very large scale, and it all starts with the launch of KyotoProtocol.io's first carbon credit marketplace. A functioning society is driven by incentives, and one that collaborates on carbon neutrality must have the right incentives, therefore we believe KyotoProtocol.io's rewards will change the entire climate movement landscape."
NEAR Protocol has raised over $350 million to invest large grants in businesses operating on its own native chain and being a strong data-driven carbon industry advocate, NEAR familiarises itself with inventive projects like KyotoProtocol.io that take carbon emissions seriously.
As NEAR Protocol partners with KyotoProtocol.io, there will be the provision of immediate utility to the development of an entirely new on-chain carbon credit marketplace.
The business development through investments of NEAR Protocol will create carbon emissions not only through energy on chain but where blockchains meet real world usage. KyotoProtocol.io offers a an alternative way for businesses on blockchains to offset their emissions. Businesses that are not only limited to blockchains can also earn certified carbon offset credits passively, through multiple tailored applications in KyotoProtocol.io's DeFi suite.
Businesses today are still having a hard time either going carbon neutral or reversing their damages in the first place, but with KyotoProtocol.io, companies - web2 or web3 agnostic - will now be able to earn, offset, and trade carbon credits to restructure climate-focused operations at a large scale.
KyotoProtocol.io rewarding ecosystem, now with a decentralised carbon credit marketplace on the way with the help of NEAR Protocol, is likely to become the offset mechanism of choice for every business building on NEAR, therefore not only is the project promoting and enabling individual contribution to carbon neutrality through passive auto-staking income , but enabling businesses to offset emissions by generating certified EU ETS carbon credits as well.
NEAR Protocol is not the only large organisation helping KyotoProtocol.io accelerate through technology and economic mechanisms - CUDOS Blockchain, a decentralised cloud computing solution for Web3 projects, has also partnered with KyotoProtocol.io, completely committing to carbon neutrality and support towards new rewarding systems reversing climate change.
Blockchains partnering with KyotoProtocol.io benefit by having a seamlessly integrated carbon offset marketplace. Not only adding utility to its partnered networks, KyotoProtocol.io acts as a web3.0 liquidity bridge for decentralised finance. Accelerating the carbon reduction of its partnered blockchains through multiple tailored applications.
Cudo Compute is a technology offering a more economically and environmentally sustainable way of creating solutions for the metaverse and dApps, and the KyotoProtocol.io partnership enables CUDOS to generate even more carbon offset through its first cross-chain carbon credit protocol.
KyotoProtocol.io is hosting its fair launch on June 15th. Users can acquire Kyoto Tokens and be rewarded an eye-watering 916,474% Fixed APY, whilst knowing that KyotoProtocol.io already has immediate real-world utility.
Learn more about KyotoProtocol.io's fair launch by joining their Telegram.
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- ENDS -
KyotoProtocol.io is the world's first decentralised multilayer carbon credit finance protocol. The project's technology improves the slow and outdated carbon credit industry by implementing a host of solutions that utilise smart contracts on a secure, fully transparent blockchain ledger, creating the ultimate standard for the carbon credit industry. Kyoto Protocol's mission is to make the carbon credit industry more transparent, efficient, accessible, and profitable, making a real difference in the fight against climate change and the users' wallets.
About Near Protocol
NEAR is an open-source platform that accelerates the development of decentralized applications overcoming high fees and slow speeds with its fast, scalable, low-cost, and climate-neutral blockchain protocol. This is why NEAR was recently awarded the Climate Neutral Product Label from the South Pole. One transaction on NEAR consumes about 1300x less carbon than a similar transaction on other chains. NEAR.org - Infrastructure for innovation. To learn more about the NEAR Protocol, please visit - https://near.org/
SOURCE: Zebu Digital
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