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Bitgreen, Developing A Blockchain Epicenter For Sustainability, Is Preparing To Introduce The First Phase Of Its L1 Network To Boost Initiatives On Climate Action, Coin Journal Exclusive I learned from the press release.
The company’s venture follows a $5 million crowdfunding that was achieved within four hours. Bitgreen has prepared the infrastructure after his year-long development of the sustainability-focused Polkadot ecosystem’s flagship platform.
In light of recent events, achieving the United Nations Sustainable Development Goals is becoming increasingly difficult. $50 trillion is the funding gap for green projects over the next decade.
Bitgreen recognizes that action is needed and is developing a suite of new parachains and dApps to further the blockchain-based impact investing community. The company allows its backers to fund clean infrastructure, conservation, initiatives that empower vulnerable communities, and other important sustainability projects.
Bitgreen provides NGOs, ESG offices, community leaders, and sustainability groups with the tools they need to reach new communities and scale their impact projects. The company’s L1 network uses a Proof-of-Stake consensus model, so it uses 99.9% less energy than popular blockchain protocols and networks.
Bitgreen is poised to launch a parachain on Polkadot through $5 million private investors raised on Republic. We aim to be the only impact investment blockchain in the ecosystem.
The novelty is that with the rollout of a dedicated compliant impact investment and carbon markets platform, leading groups and investors will be able to establish profitable relationships with worthy organizations working on meaningful projects through conservation, climate and philanthropy. allow it to be built.
Bitgreen CEO Adam Carver commented:
People are constantly bombarded with bad news about climate change and the direction the world is heading. Where’s the good news and are teams using technology to address these issues? This is the prophetic question we asked ourselves before deciding to take on the challenge ourselves. So we now have teams using blockchain to address the climate crisis and finance critical infrastructure. Inspirational and simple. When we tell people our name and what we do, their response is ecstatic.
