The $2 billion Voluntary Carbon Market, which has grown 3x since 2019, is expected to balloon to $40 billion, according to carbon market intelligence firm, Sylvera (Source: Sylvera "Carbon Credit Crunch Report 2022")
Bringing this rapidly growing asset class to the blockchain to improve market transparency, has become a globally critical discussion. To unlock growth and drive capital to regenerative projects around the world, transparency and security in the trading of voluntary carbon offsets must improve, and blockchain is becoming recognized as the de facto solution.
While the journey has been challenging, Deepmarkit Corp. is extremely proud of our team’s effort in bringing us to the forefront of establishing this new industry.
2022 has been a transformational year for the Company as we have launched MintCarbon.io, minted verified carbon offset credits from Will Solutions, a leader in community-based greenhouse gas reduction solutions, and demonstrated proof of concept by successfully listing and retiring these credits on-chain through our platform. MintCarbon.io is live, secured by Quantstamp and runs on Polygon’s lower-emission high speed network, designed to scale for high volume.
We believe this is an industry first and continue to set our sights on transforming the multi-billion dollar Voluntary Carbon market landscape by providing transparency and security via MintCarbon.io to entities and individuals seeking to participate in the sector.
The Company very much looks forward to building on this year’s successes, aiming to position MintCarbon.io as the industry leading platform to enable corporations around the world to seamlessly and securely browse, list, access and retire carbon offset credits online, with nothing more than an internet connection and a blockchain wallet.
Importantly, our revenue model was designed to benefit shareholders and carbon project operators alike.
Voluntary Carbon Markets are growing quickly
Capital continues to pour into the sector at an unprecedented rate. The opportunity to channel finances to where they are most needed for regenerative purposes has attracted the backing of billions of dollars from banks and funds globally.
- The World Economic Forum (WEF) announced the launch of a new Crypto Sustainability Coalition, which will investigate how Web3 and blockchain tools can be utilized to achieve positive climate action.
- Morgan Stanley recently published a report entitled “Crypto and Carbon: Global Interoperable Voluntary Offset Marketplace on Chain” stating that the opportunity to bring organization and transparency to this sector “has the potential to be significant” and suggests a potential $765 billion (USD) valuation – larger than the software sector today.
- Carbon-Tech Draws Record Venture Funding as Investors Hunt for Impact - Investments in carbon startups hit $1.4 billion in Q2 despite broader market decline (Bloomberg)
2023 is shaping up to be a break-out year for VCMs and Deepmarkit Corp. is well positioned to capitalize on opportunities to bring this market into the modern age.
We look forward to providing further corporate updates in the near future.
Kind regards,
Ranjeet Sundher
CEO, Deepmarkit Corp.