As many governments drag their feet when it comes to environmental stability, layer 2 sensation, Polygon, will take a proactive stance in the matter. As a result, it has reserved a mighty war chest of $20 Million to ensure carbon negativity on its platform.
Polygon recently unveiled its “Green Manifesto: A Smart Contract with Planet Earth”. A worthy endeavour to take responsibility of the energy used on its blockchain. Helping them along the way, decentralized climate activists KlimaDAO will conduct an in-depth analysis to calculate the environmental impact of every single transaction on the network. Then, together with Offsetra, they will provide genuine, on-chain solutions to the problem at hand.
Unveiling the Green Manifesto – a smart contract with Planet Earth!https://t.co/p9DFtUG9XP [1/2] pic.twitter.com/Xgn8jubffa
— Polygon 💚 (@0xPolygon) April 12, 2022
Furthermore, in order to ensure the validity of its figures, Polygon has commissioned a second audit of its emissions. As a result, the Crypto Carbon Rating Institute will conduct a separate analysis and report its figures back to Polygon. Therefore, providing added peace of mind for those using the platform.
As part of the initiative, Polygon has purchased $400k in carbon credits to cancel out its own emissions. However, going forward, it will use its $20 million to fund environmentally smart practices within WEB3. Therefore, ensuring that every project built on the network maintains an ecologically sound standpoint.
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
Decentralised human, Explorer, Adventurer.
