NFT minting technology specialist DeepMarkit TSXV:MKT has announced a set of upgrades to its MintCarbon.io platform as well as a series of further updates that are also planned for the near future. DeepMarkit has steadily developed MintCarbon.io over the last year to support and promote reliability and transparency in the rapidly growing voluntary carbon market.
MintCarbon’s design enables users to easily connect their digital wallets to onboard, purchase, hold, or retire carbon offsets using the blockchain. They have the ability to filter by actively listed NFTs on OpenSea.io, so users can see all offsets available for purchase on the platform’s credits gallery; users can gain direct access to this upgrade.
DeepMarkit created and launched MintCarbon.io to offer a simple onboarding process and other innovations for users in the VCM to access carbon offsets. Its user-focused service seeks to ensure that carbon offsets that are onboarded are only of the highest quality and have passed rigorous third-party checks.
Project generators can add extra information and explain more about the impacts and certification of each carbon offsetting project through custom templates.
DeepMarkit exists in what we consider to be a profitable nexus between the increasing adoption of NFTs as investment instruments and the demand for smaller carbon credits generators for a means to be able to get a fair price for their credits in the market. While some mainstream markets have sought to develop trading solutions before, none of these have been satisfactory, and indeed none have really utilised the benefits of the blockchain like DeepMarkit does.
Both the NFT market and the carbon credit market are at an early stage in development, but MintCarbon.io does represent an excellent use case of NFT technology being used practically.
What lies ahead for DeepMarkit?
DeepMarkit also briefed the market on some very intriguing new developments including new homepage designs that will explain more about carbon offsets and what users can do with offsets tokenized via MintCarbon.io, a showcase area for the company’s partners; and retirement and claim statuses that will allow users to track the status of the carbon offsets that they have retired on-chain or requested to their registry accounts.
DeepMarkit’s platform delivers the means for carbon offset generating companies and projects to bring their stories to the blockchain. The platform assists in adding a qualitative tier to countless projects by embedding additional project specific data via the data robust ERC-20 token standard.
“We are always looking to improve the platform – to make it easier to use, more secure and up to date for users,” said Ranjeet Sundher, Chief Executive Officer of DeepMarkit. “In addition, ensuring that MintCarbon.io is customizable is equally as important, which is reflected in our recent upgrades. We are also excited about our planned updates as they will reflect and incorporate some of the ongoing feedback we are receiving from stakeholders.”
