DeepMarkit Corp .: DeepMarkit secures carbon credits for Phase 2 testing of the MintCarbon.io platform and validation of the NFT market

DeepMarkit secures carbon credits for Phase 2 testing of the MintCarbon.io platform and validation of the NFT market IRW-PRESS: DeepMarkit Corp



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– The MintCarbon.io platform is tested with a larger amount of emission certificates than has been performed to date

– Post-Mint NFT prices and secondary market transactions are observed as part of market review validation

– DeepMarkit and Climate Carbon sign MoU to scale growth of voluntary carbon credits minted on MintCarbon.io platform

Calgary (Canada) May 31, 2022. DeepMarkit Corp. (or the company) (TSX-V: MKT, OTC: MKTDF, FSE: DEP), a company that focuses on transforming the global CO2 compensation market into a more accessible digital economy by creating non-fungible Token (NFT) certificates ‘s) is pleased to announce that it has signed a non-binding Memorandum of Understanding (“MoU”) with Climate Carbon, a Vancouver-based private CO2 credit broker startup, under which the two companies have agreed about working together to scale the growth of voluntary CO2 credits extracted on the MintCarbon.io platform.

Climate Carbon and DeepMarkit will sign an agreement whereby Climate Carbon will mediate carbon projects for the mining of NFTs (ERC-1155) and / or other carbon credit tokens (ERC-20) on the MintCarbon.io platform. By creating NFTs and tokens, Climate Carbon will retain ownership of the NFTs and tokens. All carbon projects that Climate Carbon mediates for the company will be subject to the company’s acceptance.

DeepMarkit and Climate Carbon will agree and sign a final two-year agreement in the near future based on the basic terms set forth herein. The company and Climate Carbon will work together to conduct a Phase 2 review of the MintCarbon.io platform and an exploration and validation program for the NFT market. A total of 850 active carbon credits from six Verra-certified projects have been transferred from Climate Carbon to DeepMarkit’s custodian account and will be extracted in NFTs. These projects include:

– Soubre hydropower project

– Hydroelectric power plant Sena

– ONIL Stoves Guatemala Uspantan

– Forest management to reduce deforestation and degradation in Shipibo Conibo and Cacataibo indigenous communities in the Ucayali region

– Networked wind power project in Gujarat led by Enercon (India) Limited

– REDD + project for the Caribbean Guatemala: Coastal Conservation.

Founded by Danny Takhar, Climate Carbon’s mission is to address the two challenges of climate change and environmental degradation by implementing effective and efficient solutions with the motto: do good, feel good !. It strives to combat climate change and improve people’s lives by aiming to make the world a CO2-neutral place, which means that everyone takes responsibility for their own CO2 footprint. To achieve this, Climate Carbon finances, implements and manages CO2 reduction and equalization projects in all parts of the world to help individuals and organizations take responsibility for their CO2 footprint. For more information on Climate Carbon, visit the Climate Carbon website at the following URL: https://climatecarbon.com/.

Climate Carbon recognizes the need to expand access to CO2 credits if the world is to achieve CO2 neutrality. Bringing quotas to the blockchain is a sensible step in the right direction to diversify the carbon markets, said Danny Takhar, Climate Carbon’s founder and chief operating officer.

DeepMarkit’s platform, MintCarbon.io, is designed to ensure that tokenization is based on NFTs for active carbon credits. To date, our tests have shown that the MintCarbon.io platform is solid and scalable. However, it is expected that an extension of our testing and validation efforts to this second phase with Climate Carbon will provide further evidence of the effectiveness of DeepMarkit’s innovation. Our company has seen interest from customers around the world to use the platform. We look forward to completing this next phase of testing and bringing the platform to market, added Ranjeet Sundher, interim CEO of DeepMarkit.

The NFT mining process for a carbon credit is initiated by validating and authenticating the carbon credit in a carbon project register. After the authenticity of the certificate has been confirmed, the user gets approval to extract the emission certificate for a verified NFT via the MintCarbon.io platform. After minting, the user can keep, sell or withdraw their NFT emission quota. The holder of an active emission allowance can withdraw it via a redemption agreement on the MintCarbon.io platform. Redemption takes place smoothly both on the blockchain and in the approval register.

ABOUT DEEPMARKIT

DeepMarkit Corp. is a company that focuses on democratizing access to the voluntary CO2 compensation market by shaping credits in NFTs. The company’s ordinary shares are traded on the TSX Venture Exchange under the share symbol MKT. DeepMarkit’s wholly owned subsidiary, First Carbon Corp. (FCC) is a software infrastructure company operating on the tokenization vertical of blockchain. The FCC’s main asset, MintCarbon.io, is a web-based software-as-a-service platform that enables embossing of CO2 credits in NFTs (according to the ERC-1155 standard) or other secure tokens (according to the ERC -20 standard). MintCarbon.io is currently in the testing phase and the FCC officially expects to launch the platform in the near future.

On behalf of the:

DEEPMARKIT CORP.

Ranjeet Sundher

Ranjeet Sundher, interim CEO

For more information, contact:

Ranjeet Sundher, interim CEO

Tel: 403-537-0067

Email: corp@deepmarkit.com

Website: www.deepmarkit.com

Twitter: @DeepMarkit

TSX Venture Exchange and its regulatory bodies (referred to in TSX Venture Exchange’s policies as Regulatory Service Providers) assume no responsibility for the adequacy or accuracy of this press release.

WARNING

Opinions in this press release may contain forward-looking information. All statements contained in this press release that are not historical facts may be considered forward-looking statements, including statements related to: that the MintCarbon.io platform will be tested with a greater amount of CO2 credits than ever before; that DeepMarkit and Climate Carbon will continue to prepare and execute a final agreement in the near future; and statements regarding the company’s business and business plans. The reader is warned that assumptions used to compile the forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ due to several known and unknown risks, uncertainties and other factors, many of which are beyond the control of DeepMarkit. Various factors may cause the actual results to differ materially from those expected in the forward-looking statements. The reader is warned not to rely unnecessarily on forward-looking information.

The forward-looking statements contained in this press release are made on the date of this press release, and DeepMarkit assumes no obligation to publicly update or revise any forward-looking statements contained herein, whether as a result of new information, future events or otherwise, unless: this is required by securities law.

SOURCE: DEEPMARKIT CORP.

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