- Gold Standard and Verra, The World's Top Carbon Offset
Registries, Ensure Legitimacy of Carbon Credits for MintCarbon.io
Users
- Registration Enables Access, Open Dialogue and Contact with
Hundreds of Thousands of Global Carbon Projects
CALGARY, AB, March 1, 2022 /CNW/ - DeepMarkit Corp.,
("DeepMarkit" or the "Company") (TSXV: MKT) (OTC: MKTDF) (FRA:
DEP), a technology company focused on creating next-generation
ESG-driven tools and technologies to aid businesses in sales
development and increasing profitability, is pleased to announce
that its wholly owned subsidiary, First Carbon Corp.
("FCC"), has become successfully registered on
both the Gold Standard and Verra carbon credit registries. The Gold
Standard and Verra carbon offset registries establish the core
rules and requirements that must be met in order for a carbon
project, program or activity to become certified. The two
registries display the performance of carbon projects and
provide critical tracking services to account holders and
transparent project documentation to the public.
![DeepMarkit Corp. (TSXV: MKT OTC: MKTDF FRA: DEP) (CNW Group/DeepMarkit Corp.) DeepMarkit Corp. (TSXV: MKT OTC: MKTDF FRA: DEP) (CNW Group/DeepMarkit Corp.)](https://mma.prnewswire.com/media/1756516/DeepMarkit_Corp__DeepMarkit_Achieves_Successful_Registration_on.jpg)
"Finalizing our registration on two of the largest and most
reputable carbon credit registries in the world is an important
milestone for DeepMarkit. Maintaining a strong relationship with
Gold Standard and Verra will keep us plugged into the offset
market. It will also enable us to open dialogues with existing and
new carbon credit project developers as potential onboarding
candidates to our proprietary MintCarbon.io platform," said
Ranjeet Sunder, Interim Chief
Executive Officer of DeepMarkit.
In the minting of NFTs from carbon credits, it is important to
prove through registry verification and smart contracts on the
blockchain that a holder of an NFT actually owns its underlying
carbon credit. As a subsidiary of DeepMarkit, and in addition to
obtaining representations and warranties through a comprehensive
agreement with each customer, FCC will ensure the legitimacy and
ownership of the carbon credits through verification on the Gold
Standard or Verra registry. FCC expects to become successfully
registered on other registries as they emerge and achieve the same
or greater credibility maintained by Gold Standard and Verra.
Through the utilization of carbon registries, FCC can certify to
its clients and customers that the underlying value of
a carbon credit is legitimate. This will
provide transparency and certainty regarding the
individuality of the NFTs minted via FCC's MintCarbon.io platform.
Additionally, the Gold Standard and Verra registries
offer a database of hundreds of thousands of verified carbon credit
projects, which are expected to be essential for FCC's carbon
credit minting pipeline.
Registries oversee the independent verification of projects
that meet science-based standards and follow approved carbon
accounting methodologies. This ensures the accuracy, precision
and rigor in the measurement, monitoring and verification of
emission reductions. Gold Standard and Verra provide the
flexibility of a wide range of methodologies that diversify offset
sourcing options and demonstrate environmental benefits beyond
emissions reductions.
Gold Standard and Verra are tax-exempt, not-for-profit
organizations, that have become trusted by a broad range of
stakeholders, including but not limited to non-governmental
organizations, the private sector and governments. They are
widely recognized and used in both the voluntary and
compliance-driven carbon credit markets because they deliver
credible and transparent assessments of project performance.
ABOUT DEEPMARKIT
DeepMarkit Corp. is a technology company focused on creating new
tools and technologies to aid businesses in sales development and
increasing profitability. Its common shares are listed on the TSX
Venture Exchange under the "MKT" stock symbol. DeepMarkit's wholly
owned subsidiary, First Carbon Corp. ("FCC"), is a software
infrastructure company operating in the tokenization vertical of
the blockchain. FCC's primary asset, MintCarbon.io, is a web-based,
software-as-a-service platform that facilitates the minting of
carbon credits into non-fungible tokens. MintCarbon.io is currently
undergoing testing and FCC anticipates an official launch of the
platform in 2022.
On behalf of:
DEEPMARKIT CORP.
"Ranjeet Sundher"
Ranjeet Sundher, Interim CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
CAUTIONARY STATEMENT
Statements in this press release may contain forward-looking
information. Any statements that are contained in this press
release that are not statements of historical fact may be deemed to
be forward-looking statements. The reader is cautioned that
assumptions used in the preparation of any forward-looking
information may prove to be incorrect. Events or circumstances may
cause actual results to differ materially from those predicted, as
a result of numerous known and unknown risks, uncertainties, and
other factors, many of which are beyond the control of DeepMarkit.
Factors that could cause the actual results to differ materially
from those in forward-looking statements include, but are not
limited to, failure maintain registrations with Gold Standard and
Verra, or to obtain further registrations with additional carbon
credit registries. The reader is cautioned not to place undue
reliance on any forward-looking information.
The forward-looking statements contained in this press release
are made as of the date of this press release and DeepMarkit does
not undertake any obligation to update publicly or to revise any of
the included forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
securities law.
SOURCE DeepMarkit Corp.