TSXV: MKT OTC: MKTDF FRA:
DEP
- The Company's MintCarbon.io platform mints only 100%
verified carbon credits registered on the Gold Standard or Verra
Registries and Other Reputable Registries
- Retired, Expired or Otherwise Inferior Credits are not
Eligible for Minting on MintCarbon.io
CALGARY,
AB, June 7, 2022 /CNW/ - DeepMarkit Corp.,
("DeepMarkit" or the "Company") (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 ("NFTs"), is proactively
contributing the following response to the recent industry dialogue
surrounding the tokenization of expired, retired or low-quality
carbon offset credits, otherwise known as 'zombie
credits'. DeepMarkit applauds and is strongly encouraged by
recent discourse and developments around the tokenization of only
active, legitimate and validated credits by leading
registries. Gold Standard's and Verra's comments indicate a
positive evolution for the industry and its stakeholders.
Registries are the cornerstone of project information and
verification, and are essential to maintaining the integrity of the
carbon offset market. In addition, the Company's view remains that
the blockchain will play a critical role in transitioning carbon
credit markets to the digital economy, with increased transparency,
liquidity and utility.
![DeepMarkit Corp. (TSXV: MKT, OTC: MKTDF, FRA: DEP) (CNW Group/DeepMarkit Corp.) DeepMarkit Corp. (TSXV: MKT, OTC: MKTDF, FRA: DEP) (CNW Group/DeepMarkit Corp.)](https://mma.prnewswire.com/media/1833926/DeepMarkit_Corp__DeepMarkit%C2%A0Contributes_Response_to_Current_Indu.jpg)
"DeepMarkit is deeply aware of the challenges and issues facing
the new 'crypto-carbon' space and I am proud of our team's efforts
to identify friction points early in our development cycle. We are
proactively and continuously engaging and collaborating with
respected industry players, from registries to project developers
to carbon credit buyers, in order to address these concerns and
have built viable solutions and functionality into our proprietary
platform, MintCarbon.io," said Ranjeet
Sundher, Interim CEO.
DeepMarkit is a regulated public company that understands in
totality the importance of governance and robust processes, while
marrying cutting edge technology with carbon offsets. The
Company's carefully constructed platform and unique approach to
tokenization is designed to assure the legitimacy and quality of
all associated credits. Many new platforms dedicated to
emulating the MintCarbon.io model are focused on commoditizing
non-verified or retired carbon credits into tokens of ERC-20 or
similar standards. This has led to the tokenization and
monetization of a large amount of low-quality or long-dormant
projects with marginal environmental utility, which has done a
disservice to the industry from a public perception perspective.
DeepMarkit reaffirms that it solely tokenizes (ERC-1155) tokens
based on active, verified and high-quality carbon credits, thereby
allowing purchasers to directly interact and fund legitimate carbon
projects on leading registries including Gold Standard and
Verra.
NFTs offer a way for carbon offsetting projects to be
celebrated, by amplifying the qualitative aspects, impacts and
sustainable development goals that their champions have worked hard
to achieve. DeepMarkit's platform, MintCarbon.io, is designed
to ensure that the tokenization of carbon credits brings liquidity,
transparency and integrity to the carbon offset markets.
Accordingly, the Company's management team looks forward to
continuing to contribute to the industry's dialogue regarding this
subject and re-affirms its mission to be a leader in tokenizing
only active and high-quality carbon offset credits.
ABOUT DEEPMARKIT
DeepMarkit Corp. is a company focused on democratizing access to
the voluntary carbon offset market by minting credits into NFTs.
Its common shares are listed on the TSX Venture Exchange under the
"MKT" stock symbol. DeepMarkit's wholly owned subsidiary, First
Carbon Corp. ("FCC"), is a software infrastructure company
operating in the tokenization vertical of the blockchain. FCC's
primary asset, MintCarbon.io, is a web-based, software-as-a-service
platform that facilitates the minting of carbon credits into NFTs
(based on the ERC-1155 standard) or other secure tokens (based on
the ERC-20 standard). MintCarbon.io is currently undergoing testing
and FCC anticipates an official launch of the platform in the near
future.
On behalf of:
DEEPMARKIT CORP.
"Ranjeet Sundher"
Ranjeet
Sundher, Interim CEO
Web: www.deepmarkit.com
Twitter: @DeepMarkit
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
CAUTIONARY STATEMENT
Statements in this news release may contain forward-looking
information. Any statements that are contained in this news release
that are not statements of historical fact may be deemed to be
forward-looking statements, including statements relating to the
Company's business and corporate plans including, without
limitation, the tokenization of high quality, verified carbon
credits. The reader is cautioned that assumptions used in the
preparation of any forward-looking information may prove to be
incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, as a result of numerous
known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of DeepMarkit. Various factors can
cause the actual results to differ materially from those in
forward-looking statements. The reader is cautioned not to place
undue reliance on any forward-looking information.
The forward-looking statements contained in this press release
are made as of the date of this news release and DeepMarkit does
not undertake any obligation to update publicly or to revise any of
the included forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
securities law.
SOURCE DeepMarkit Corp.