DeFi Digital Asset Management News

First Carbon Introduces Carbon Credit NFT Minting Platform ‘’

First Carbon Introduces Carbon Credit NFT Minting Platform ‘’

Platform Enables the Conversion of Carbon Credits into NFTs

First Carbon Corp., developers of the world’s first decentralized carbon credit non-fungible token (“NFT”) onboarding platform, is pleased to provide details for the upcoming launch of (“MintCarbon”).

Leveraging the power of the blockchain and specifically Ethereum, MintCarbon is a user-friendly interface, enabling carbon credit owners to easily convert their credits into highly customizable ERC-1155 compliant NFTs which can then be listed for trading on decentralized marketplaces such as Every customised NFT is embedded with unique characteristics which can potentially represent thousands of tonnes of carbon dioxide.

ERC1155 is a novel token standard that aims to take the best from previous standards, it is capable of combining fungible (utility tokens and cryptocurrencies) and non-fungible (digital assets) smart contracts to allow for limited run editions of NFTs. Optimizations built into ERC1155 allow for gas-efficient (low emission) transactions and are secure, liquid and immune to hacking.

Read More: Launches MuniPay to Simplify Property Tax Payments for Real Estate Title Agencies

Creating MintCarbon tokens on Polygon, a low emission Ethereum side chain, allows for lower transaction fees, increased liquidity and on-chain transaction transparency for trading in carbon offsets. Increased investment and liquidity will drive growth, innovation, expansion and acceptance, particularly in the historically fragmented and opaque voluntary carbon credit market.

MintCarbon was designed to be user friendly and easily accessible for those new to the crypto space. With a few clicks, carbon credit owners can create and customize their profile, upload their credits and effortlessly link them to a decentralized trading exchange such as, the largest NFT exchange in the world.

Mo Yang, CEO, comments: “We’re proud to introduce MintCarbon as the world’s first NFT minting platform for carbon credit owners. MintCarbon lives up to its namesake, as it truly allows carbon credit owners to mint their credits into NFTs for a secure and efficient method of trading in a market we’re confident is set to grow rapidly in the coming years. We look forward to providing further guidance on the official platform launch in the near future.”

Read More: Octane Completes $340 Million Asset-Backed Securitization to Drive Continued Growth

MintCarbon will allow the owners of the NFT to monitor their assets while tracking their value and trading history.

The platform is currently undergoing beta testing and the Company anticipates an official launch in Q1-2022.

As of June 2021, the Voluntary Carbon Market represented only 0.2% of global greenhouse gas emissions. Demand for voluntary carbon credits is forecast to increase significantly, driven by a growing number of corporate net zero commitments.

The Institute of International Finance believes there is “huge upside potential” for voluntary carbon credits, predicting the market could be worth as much as $100B/year by 2050.

Read More: MVIS Launches the BlueStar US Listed E-Brokers and Digital Capital Markets Index

[To share your insights with us, please write to]

Related posts

CrossTower To Acquire BEQUANT And Launches The Industry First ESG Crypto Fund

Fintech News Desk

Wyre Announces New Savings API Powered by the Stellar Network

Fintech News Desk

Mastercard and Interos Launch Partnership to Address Fast-Changing Global Risk Landscape

Fintech News Desk