The Company's Proprietary Platform
Facilitates a Transition Allowing Individuals and Families to
Offset Their Annual Carbon Footprints and Participate in the Net
Zero Economy
CALGARY,
AB, July 19, 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 pleased to announce
that its MintCarbon.io platform (the "Platform") can help
facilitate individuals and families offsetting their annual carbon
footprints to become carbon neutral. With Canada having committed to reducing greenhouse
gas emissions, particularly carbon, by 30% by the year 2030, it is
critical that innovative solutions like MintCarbon.io exist so that
the peoples' carbon footprint can be materially
reduced.1
Canadians are known to emit about 14.2 tonnes of carbon per
person per year.2 Using the average current cost
of $15 per tonne of carbon in the
secondary market, the average Canadian could offset their annual
carbon footprint for $213. For
families, with an average size of 2.9 people3 many
Canadian households are responsible for emitting over 30 tonnes of
carbon each year. By extension, the cost for a Canadian family to
become carbon neutral is also fairly reasonable. By developing
MintCarbon.io, DeepMarkit is working to help combat carbon
emissions by making it easier for households and businesses to
purchase and retire NFT-based carbon credits minted on
MintCarbon.io, and to be part of the net-zero economy as a
result.
MintCarbon.io is a web-based ecosystem that facilitates the
minting of carbon credits into NFTs, among other features. As
background information, 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 NFT on a third-party
platform, all scenarios of which have been successfully tested and
audited.
Management
Commentary
"Developing the MintCarbon.io platform so that project owners
and carbon offset holders can interact more effectively with the
people and companies looking purchase and retire carbon credits is
our mission. The Platform is part of a broader solution to help
reduce to the world's carbon footprint by making it clearer and
easier for people to think about emissions and their impact on the
planet," said Ranjeet Sundher, Chief
Executive Officer of DeepMarkit. "The concept of minting
carbon credits into NFTs is becoming a reality and DeepMarkit is
proud to be making it happen. We are working hard to optimize the
Platform, onboard a larger number of credits, integrate feedback
and add features to create more value for our stakeholders," added
Mr. Sundher.
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, 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 which include, without
limitation, statements regarding the anticipated timing for
commercial launch of the platform and the Company's expectation
that its business will allow the voluntary carbon credit to grow to
a point that makes it accessible for individuals to locate and
purchase carbon credit NFTs in third-party markets. 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. 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.
ENDNOTES:
- "Canadian Shipping Emits 8 Million Tons Of Carbon Dioxide A
Year. There's A Better Way", World Wildlife Fund Canada,
April 20, 2021,
https://wwf.ca/media-releases/canadian-shipping-emits-8-million-tons-of-carbon-dioxide-a-year-theres-a-better-way/?gclid=EAIaIQobChMI0Z2gndHz-AIVRRh9Ch1aiQtYEAMYAyAAEgKpr_D_BwE
- "Canadians are among the world's worst carbon emitters. Here's
what we can do about it", by Jaela
Bernstien, CBC News: Science, updated October 11, 2021,
https://www.cbc.ca/amp/1.6202194
- "Average number of people per family in Canada from 2000 to 2019", Statista
Research Department, November 24,
2021,
https://www.statista.com/statistics/478948/average-family-size-in-canada/
SOURCE DeepMarkit Corp.