TSXV: MKT OTC: MKTDF FRA: DEP
- MintCarbon.io was Developed to Secure the Transition of
Voluntary Carbon Markets to the Blockchain
- Voluntary Carbon Markets are Projected to Reach
US$2 Billion by 2022 and US$40 Billion by 20301
- The Platform Includes a Recurring Revenue Model that
Rewards DeepMarkit, Project Owners and Carbon Offset
Holders
CALGARY,
AB, Aug. 9, 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
carbon offsets onto the blockchain, is pleased to announce the
commercial launch of its proprietary MintCarbon.io platform (the
"Platform"). The Platform was developed by DeepMarkit to support
and promote reliability and transparency in the rapidly growing
voluntary carbon market (the "VCM") while enabling users to easily
connect their digital wallets to onboard, purchase, hold, or retire
carbon offsets using the Blockchain.
The VCM surpassed a valuation of $1
billion for the first time in November 2021. It is on course to surpass
$2 billion this year and is predicted
to reach $40 billion by
2030.1 Bringing the VCM onto the blockchain via
MintCarbon.io is expected to help unlock liquidity and
transparency, thereby driving market growth and facilitating the
movement of capital to where it is needed the most.
"After several months of hard work and an exceptional team
effort, I am proud to announce the official launch of our
proprietary MintCarbon.io platform. I would like to sincerely thank
the DeepMarkit team as well as our technical consultants, service
providers, advisors and other stakeholders who have played an
important part in helping us reach this critical milestone," said
Ranjeet Sundher, Chief Executive
Officer of DeepMarkit. "The Platform has been tested, is
accredited, and is now ready to onboard offsets and commence
generating revenue for the Company," added Mr. Sundher.
Regarding MintCarbon.io's unique revenue model, it was designed
to not only accrue revenue for the Company but also to reward
carbon offset owners through a sharing arrangement. For example,
once a minting fee is collected by the Company upon the initial
onboarding of a carbon offset, all subsequent transaction fees
earned by the NFT-based offset can be split between DeepMarkit and
the carbon offset holder each time the token representing the
underlying carbon offset is traded on any decentralized exchange in
the world.
Given that transparency, integrity and reliability are crucial
for the growth of the carbon offset sector, MintCarbon.io further
ensures that every project listed is linked to a third-party
verified carbon offset. The Company is working closely with Gold
Standard and Verra to ensure only the highest quality, authentic
projects are onboarded. Additionally, the Platform has received a
Security Assessment Certificate from Quantstamp, which evaluated
the Platform for security-related issues, code quality, and
adherence to specifications and best practices for its smart
contracts.
ABOUT DEEPMARKIT
DeepMarkit Corp. is a company focused on democratizing access to
the voluntary carbon offset market by minting offsets into NFTs.
Its common shares are listed on the TSX Venture Exchange under the
"MKT" stock symbol, on the OTC market in the United States under the "MKTDF" symbol and
on the Frankfurt Stock Exchange under the "DEP" symbol. DeepMarkit
Corp. is a software infrastructure company operating in the
tokenization vertical of the blockchain. Its primary asset,
MintCarbon.io, is a web-based platform that facilitates the minting
of carbon offsets into NFTs (based on the ERC-1155 standard) or
other secure tokens (based on the ERC-20 standard).
On behalf of:
DEEPMARKIT CORP.
"Ranjeet Sundher"
Ranjeet Sundher, CEO
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, earning revenue through the completion of minting
transactions and from sharing transaction fees. 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, which include regulatory risks, including
risks relating to the classification of tokens minted on the
Platform as securities, risks relating to the verification of
carbon credits and associated projects, risks relating to the NFT
and Blockchain sectors, and other risks generally applicable to
early stage technology companies. Additional information regarding
risks and uncertainties of the Company's business are contained
under the heading "Business Risks and Uncertainties" in the
Company's MD&A in respect of the period ended March 31, 2022 and the Company's other public
filings which are available under the Company's profile on SEDAR at
www.sedar.com.
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 news
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:
1.
|
"Sustainablity Leaders
Guide to VCMs", Sylvera, accessed on August 6, 2022,
https://www.sylvera.com/resources/sustainability-leaders-guide-to-vcms
|
SOURCE DeepMarkit Corp.