Polygon Goes Carbon Neutral in 2022 With a $20 Million Pledge

Polygon has pledged to go carbon neutral in 2022 and the core team has committed to erasing all of the network’s carbon footprint. The company has also announced a “Green Manifesto” as a part of its broader vision for sustainability. To bring this vision to reality, it has allocated a $20 million fund to several initiatives and eco-friendly projects. The Green Manifesto: A Smart Contract with Planet Earth Polygon has announced the “Green Manifesto” as the company empathizes with the deteriorating climate. This is why Polygon has gone carbon neutral in 2022 and plans to lead by example. The Manifesto mentioned that every NFT minted, DeFi trade, bridging token built on Polygon is accountable for its environmental impact. #PolygonGoesGreen 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 The company is already at the forefront by providing layer2 scaling solutions for Ethereum. When the team achieves its environmental goals, Polygon will become the first climate-positive blockchain. Polygon Collaborates with KilmaDAO to Become Climate Positive Polygon is partnering with KilmaDAO, a decentralized platform focusing on reducing the carbon footprint. The layer2 solution is buying $400,000 worth of BCT and MCO2 carbon credits through KilmaDAO’s on-chain carbon market. This is the first step taken by the team as the Polygon goes carbon neutral in 2022. A new era for carbon: @0xPolygon and @KlimaDAO are catalyzing innovation within the carbon markets. As a Klima Infinity partner @0xPolygon commits to acquire & retire 90,654 tonnes of $BCT and @MCO2token (~$400K), and hold $KLIMA to become Climate Positive. pic.twitter.com/hxZe8QRv7T — KlimaDAO (🌳,🌳) (@KlimaDAO) April 12, 2022 KilmaDAO also analyzes the carbon footprint of Polygon and supports its journey of becoming a climate-positive blockchain. Besides, the Polygon team also licensed Crypto Carbon Ratings Institute (CCRI) to audit its carbon footprint. From Climate Negative to Neutral to Positive Polygon announced its sustainability plans amidst Ethereum’s transformation from Proof-of-Work to the Proof-of-Stake mechanism. When the Ethereum transition gets completed, its energy consumption will reduce by around 99%. Adding to that, The CCRI analysis and its eco-friendly measures will move Polygon from ‘carbon negative’ to ‘carbon neutral’ to ‘carbon positive’. Co-founder of Polygon, Sandeep Nailwal stated, “Together with Polygon, the broader blockchain industry needs to form a united front to fund, support, and leverage technology that helps heal the earth, rather than destroy it.” Polygon pledges to go green, which puts its team at the forefront of responsible blockchain development.

The post Polygon Goes Carbon Neutral in 2022 With a $20 Million Pledge first appeared on Cryptoknowmics-Crypto News and Media Platform.

The post Polygon Goes Carbon Neutral in 2022 With a $20 Million Pledge appeared first on Cryptoknowmics-Crypto News and Media Platform.

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