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| Carbon 
| #CRBN
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| CRBN Price: | $0.00863 | | Volume: | $24.9 K | | All Time High: | $0.53 | | Market Cap: | $347.2 K |
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| Circulating Supply: | 40,240,743 |
| Exchanges: | 3+
| | Total Supply: | 50,000,000 |
| Markets: | 4+
| | Max Supply: | — |
| Pairs: | 6
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The price of #CRBN today is $0.00863 USD.
The lowest CRBN price for this period was $0, the highest was $0.00863, and the exact current price of one CRBN crypto coin is $0.00862736.
The all-time high CRBN coin price was $0.53.
Use our custom price calculator to see the hypothetical price of CRBN with market cap of BTC or other crypto coins. |
The code for Carbon crypto currency is #CRBN.
Carbon is 2.8 years old. |
The current market capitalization for Carbon is $347,172.
Carbon is ranking upwards to #873 out of all coins, by market cap (and other factors). |
The trading volume is modest today for #CRBN.
Today's 24-hour trading volume across all exchanges for Carbon is $24,895. |
| The circulating supply of CRBN is 40,240,743 coins, which is 80% of the total coin supply. |
 | Venom Foundation Partners with the UAE Government to Launch National Car...
[Press Release - Abu Dhabi, UAE, August 9th, 2023]
Venom Foundation, a leader in blockchain technology adoption in regulated markets, is thrilled to announce the signing of a momentous Memorandum of Understanding (MOU) with the UAE Government to develop and implement the National Carbon Credit System. This landmark partnership represents a significant step towards leveraging blockchain technology to address environmental challenges and promote sustainability on a national scale.
This revolutionary collaboration underscores the UAE's unwavering commitment to bolstering transparency, reliability, and efficiency in carbon emission management while using the next-generation blockchain technology of Venom and in doing so, propelling the nation towards its ambitious climate targets of a 40% reduction in carbon emissions by 2030. The Venom blockchain itself is carbon neutral.
The Memorandum of Understanding (MoU) signed between the Ministry of Climate Change and Environment (MCCE), the Industrial Innovation Group, and Venom Foundation outlines four strategic objectives: reducing emissions, promoting sustainable agriculture, enhancing environmental health, and conserving biodiversity. As part of this partnership, Venom will be actively participating in realizing a greener future.
Taryam Matar Taryam, CEO of Industrial Innovation Group, affirmed their dedication to sustainable development, 'For Industrial Innovation Group, it is a great honor to contribute to the creation of the Unite...
|  | KPMG Study Highlights Bitcoin Mining's Potential to Shrink Carbon Footpr...
In a fresh analysis focusing on Bitcoin and its alignment with environmental, social, and governance (ESG) principles, the 'Big Four' accounting titan KPMG delves into the digital currency's promising contributions to this movement. The professional services entity highlights four carbon-reduction techniques adopted by bitcoin mining firms across the entire mining sector. KPMG Report Discusses Bitcoin and ESG Standards
KPMG's analysis describes how bitcoin (BTC) miners, seeking proximity to inexpensive renewable energy sources such as solar and wind, reduce costs. This practice creates additional revenue to support more renewable energy projects in remote areas. The flexible computing load of bitcoin can also assist in balancing electrical grids by cutting demand during peak periods. KPMG researchers detail how bitcoin miners used a demand response system to aid Texas during a winter storm in 2021. The report states:
During Winter Storm Uri, which took place in Texas in February 2021, and saw temperatures get down as low as -14 degrees, bitcoin miners in Texas were able to curtail their energy consumption which resulted in approximately 1,500 megawatts being given back to the grid.
The study emphasizes that some miners are now recycling the intense heat generated by specialized bitcoin mining rigs to warm homes, buildings, and greenhouses. This process turns wasted heat into beneficial thermal energy, replacing more carbon-intensive heating fuels. Additionally, KPMG highlight...
|  | PEGA Pool to Launch in 2023 to Help You Offset Your Carbon Footprint Whi...
PEGA Pool is an eco-friendly crypto mining pool currently in private beta testing and is expected to be open to the public in the first quarter of 2023. Regarding bitcoin mining, there have always been concerns about its environmental impact; however, now is the ideal time to make a difference and contribute to a greener future by helping create a more sustainable industry. As a means to offset CO2 emissions, a portion of the fees from the PEGA pool will be used to plant trees to offset the emissions. Those who sign up for the waiting list will receive a permanent 50% discount after launch.
PEGA Pool to Help Miners Create a Greener Future
To create a more eco-friendly industry, PEGA Pool is on a mission to reduce the carbon footprint of bitcoin mining so that it can be more sustainable.
With PEGA Pool's robust Global Pool infrastructure, the team can handle equipment failures and outages with great confidence because the infrastructure is highly resilient. By strategically placing infrastructure in critical regions worldwide, the team has been able to mitigate the risk of traditional equipment outages and those caused by natural disasters, thereby ensuring solid up-time and availability for people who need mining services. The same core regions are also responsible for ensuring low-latency connections. It allows miners to meet deadlines promptly and experience a lower job rejection rate while increasing their profit margins regardless of location.
PEGA Pool offers a competit...
|  | Carbon Offsetting for Blockchains and Beyond: Regen Network Launches Car...
[PRESS RELEASE - California, United States, 26th October 2022]
Regen Network Development released its marketplace application for tokenized carbon and ecological assets, Regen Marketplace. Regen Network allows carbon project developers to originate high-quality nature-based carbon credits to markets, catalyzing regenerative finance solutions to the climate crisis. Regen Marketplace takes advantage of Regen Ledger, the application-specific blockchain which brings transparency and public governance to voluntary carbon markets, built on the CosmosSDK.
Regen Marketplace is a blockchain platform for the origination, governance, and exchange of tokenized ecological assets. Climate impact projects can define, manage, mint, and sell tokenized carbon and other ecological assets in the blockchain-based registry system.
Using Regen Marketplace, blockchains and validators striving to meet their climate commitments are encouraged to purchase, transfer, retire, and bundle tokenized carbon on the blockchain for carbon offsetting purposes, effectively removing carbon dioxide and other greenhouse gasses from the atmosphere. Blockchain dApps are encouraged to export tokenized carbon for DeFi or consumer climate impact apps.
In addition to the Marketplace launch, Regen Network will be introducing the Nature Carbon Ton to the Interchain Economy. NCT will be the first IBC-compatible carbon token for the Interchain economy by the soon-to-be launched Regen Ledger to Polygon bridge, co-implemented b...
|  | The Coorest Carbon Standard Now Officially Certified
PRESS RELEASE. Coorest, a Polygon-native project, is the first blockchain project to have a certified standard for carbon compensation entirely on-chain - allowing anyone with an internet connection to compensate for their carbon footprint, thereby demonstrating that the newly certified Coorest Carbon Standard (CCS) is an excellent alternative to other pre-existing standards.
As a result of the new standard, all activities related to carbon compensation must be carried out through the blockchain; this ensures that all steps of the carbon compensation process are visible at all times and the process is transparent.
The Floodlight Chainlink node introduces a new level of accountability by monitoring carbon capture projects via satellite and validating the carbon capture process with satellite data. This feature proves actual carbon capture, thereby ensuring that Coorest's carbon tokens are provably backed by absorbed CO2. Furthermore, the standard guarantees the additionality of Coorest's carbon tokens, backed by carbon capture. Before exploring the details behind the CCS, it is essential to understand what makes it a legitimate methodology for carbon compensation.
Certified by an official United Nations auditor
The CCS is certified by Earthood, an official United Nations auditor. Earthood recognises Coorest's CO2 tokens as a valid carbon compensation method.
The methodology of CCS includes a strict set of rules for carbon capture projects. Among these is the requirement for th...
|  | Polygon Banks On Merge To Get Rid Of 60,000 Tons Of Carbon Footprint
Polygon expects to eliminate a considerable amount of carbon traces from its system as the Merge nears.
The Ethereum Merge is just around the corner. With a soft deadline set on September 15, the world will soon find out whether or not the developers' hopes for a positive change are realized.
The Ethereum-based Polygon blockchain will also undergo changes as a result of the Merge. In a nutshell , the Merge is the transition from Proof-of-Work (PoW) to Proof-of-stake (PoS). With this update, the Ethereum network should use less energy in the future.
If you take Chile's annual electricity consumption of 77.53 TWh and apply it to the current annual electricity usage of the Ethereum network, you get a pretty good idea of how much power is being used.
Polygon's Burden: Cutting Carbon Footprint
The network's carbon footprint is comparable to that of Hong Kong (which is 43.24 MT CO2), so it's quite sizable.
Based on research by Polygon, the network is responsible for 0.48 percent of Ethereum's total carbon footprint of 12,721,000 metric tons of carbon equivalent. This estimate is valid for the period beginning in August 2021 and ending in July 2022.
That's the equivalent of creating 60,930 tons of carbon dioxide. Polygon also mentioned the difficulty in doing so, noting that it must also factor in the emissions of its L1 chain.
As a result, the progress Ethereum has made toward a (almost) emission-free system will have a significant effect on Polygon's emission rates.
Polygon did t...
|  | Polygon's MATIC Surges 27% On Carbon Neutrality News
According to CoinMarketCap, the Polygon (MATIC) value was increased by nearly 27% to $0.55 within 24 hours after Polygon's news of being carbon neutral. However, the coin is still on an upward trend, and as of the time of writing, it was trading at $0.60.
The price is still below what it was at the beginning of the month when it was trading at $0.66, but considering the market downturn, MATIC's price gain is sending out a positive vibe. On the other hand, the leading cryptocurrencies, like Bitcoin and Ethereum, saw a week's decline. In addition, Having peaked at $2.92 on December 27, 2021, Polygon has since plummeted nearly 80%. Although it is still 50% higher than this month's low of 0.31 on June 18.
MATIC was first created on top of the Ethereum Network and is now enhanced with Plasma-based side-chains to guarantee asset security. The main objective of MATIC Network, which calls itself a blockchain-agnostic Layer-2 scaling solution, is to enable scalable, quick, and safe blockchain transactions.
MATIC is currently trading at around $0.6 on the hourly chart | Source: MATIC/USD price chart from Tradingview.com
The Main Factor Driving Polygon's Matic Value Upward
Mainly two catalysts appear to be the reason for Polygon's increasing value. Nevertheless, the most important one is Polygon's recent announcement that it has retired $400,000 worth of carbon credits, turning the company carbon neutral.
The value of its native token has increased significantly as a result...
|  | How is SAI.TECH, a recently listed Bitcoin mining operator, driving towa...
The past year has experienced a boom in SPAC crypto mergers, with companies like Core Scientific Inc. Bakkt and Cipher Mining being a few notable examples. SAI.TECH (“SAI” or “the Company”) got on the wave of SPAC listings right before SPAC mergers got more difficult. Having gotten officially listed on Nasdaq on May 2nd, SAI is the first 'chip heating' concept stock on the exchange, with its CEO & founder Arthur Lee also becoming the youngest Chinese CEO ever listed.
Bitcoin has become one of the most attractive emerging assets on the market in recent years, but the need for increasingly energy-intensive computing infrastructure has caused concerns about its sustainability. By promoting ESG standard technologies and solutions, SAI, as a global energy-saving bitcoin mining operator and a clean-tech company, is trying to prove to the market that the feasibility and the company's business model might leads bitcoin mining to a more sustainable future. We sat down with Arthur to talk about the company's innovative technology.
Q1: First, I would like to congratulate SAI on getting listed on Nasdaq. Can you give our readers a brief introduction of SAI? What's the inspiration for your innovation?
My inspiration is based on what I see as the two major trends of the early 21st century - sustainable development and decentralized digital network. Over the past 20 years, sustainable development has become a shared goal globally. Another trend is, decentralized digi...
|  | One River Carbon Neutral Bitcoin ETF Trust Denied by the SEC
The United States Securities and Exchange Commission continues to deny applications for Bitcoin ETFs. The latest one is the proposed rule change to list and trade shares of the One River Carbon Neutral Bitcoin Trust.
The SEC has denied yet another application to launch a Bitcoin ETF. On May 27th, the Commission issued a notice rejecting the proposed rule change to list and trade shares of the One River Carbon Neutral Bitcoin Trust under the NYSE Arca Rule 8.201-E.
The notice details that the main reason for the rejection is that the proposed rule change fails to meet its burden under the Exchange Act and the Commission's Rules of Practice.
More specifically, the watchdog outlined Section 6(b)(5) and precisely the requirement that the rules of a national securities exchange be 'designed to prevent fraudulent and manipulative acts and practices' and 'to protect investors and the public interest.'
The SEC outlined that this is the same reason it has been rejecting other spot Bitcoin ETFs and also said that for it to approve one:
'... an exchange that lists bitcoin-based exchange-traded products can meet its obligations under Excange Act Section 6(b)(5) by demonstrating that the exchange has a comprehensive surveillance-sharing agreement wit a regulated market of significant size related to the underlying or reference bitcoin assets.'
While expected, the SEC's decision hasn't deterred other big names to file for a spot Bitcoin ETF.
Most recently, CryptoPotato reporte...
|  | JustCarbon: A Decentralized Carbon Credit Marketplace
For more than two decades, the carbon credit market has worked to offset the world's unavoidable carbon emissions, with several billion dollars worth of carbon traded yearly. One would expect that a market this large would offer a high level of sophistication, but the reverse is the case.
The processes involved in trading carbon credits in the current market are manual, benefiting the middlemen more than most projects and concentrating access to the market in the hands of large corporations. This makes the market highly centralized.
But thanks to blockchain technology, JustCarbon plans to decentralize and revolutionize the entire carbon credit market.
What is JustCarbon?
JustCarbon is a blockchain-powered marketplace that allows users to seamlessly offset their carbon emissions while supporting high-quality carbon removal projects to combat climate change. The company is on a mission to digitize and mobilize the carbon assets that are currently available in the market.
JustCarbon is revolutionizing the way that carbon offsetting projects are funded by developing its blockchain-backed platform for friction-free trading of carbon removal assets without any middlemen.
By eliminating middlemen, the platform offers investors, exchanges, businesses, and more a straightforward carbon offsetting mechanism.
Additionally, JustCarbon is creating an equitable environment to ensure that every high-quality project working to offset carbon emissions gets free and fair access to the marketpl...
|  | Adam Neumann's Tokenized Carbon Credit Startup Raises $70M From a1...
The Israeli-American businessman and investor started the firm with his spouse Rebekah and CEO Dana Gibber. On May 24, the company announced that it had raised $70 million in its first major funding round led by a16z. The event was made through a combination of traditional venture equity and a private token sale.
Participants included General Catalyst, Samsung Next, Invesco Private Capital, RSE Ventures, Allegory Labs, and the Celo Foundation, according to the announcement.
The startup aims to help companies reduce their carbon footprints by selling tokenized carbon credits on the blockchain. According to the firm, these tokens will then be tradable on major crypto exchanges.
Decarbonizing Through Crypto
Companies can buy carbon credits to offset their emissions and environmental impact. These credits are channeled into other projects that reduce or remove carbon from the atmosphere.
Flowcarbon aims to tap into this growing demand for carbon credits as the world becomes more conscious of emissions and corporations are pressured to do something about them.
These credits will be certified digital assets stored and traded on the blockchain. Additionally, this method facilitates cheaper funding for firms and projects to scale faster. Chief executive Dana Gibber explained:
“Our mission is to provide the financing necessary to scale projects that reduce or remove carbon from the atmosphere, in particular nature-based projects.”
She added that the voluntary carbon market...
|  | Ripple To Fund The Acceleration Of Global Carbon Markets; Dedicates $100...
Ripple, the crypto solutions company shall commit $100M for the goal of carbon removal by investing in climate oriented fintech companies.
The blockchain-based payments network has aimed to facilitate the acceleration of carbon removal technology in order to bring about modernization of the carbon markets.
Carbon markets will let companies and individuals trade carbon credits for offsetting CO2 emissions that some companies haven’t found a way to bypass yet.
According to reports, these funds will be directed towards Ripple’s portfolio of programs helping it become net zero by 2030.
Along with the same, the fund will support the new functionality and developer tools that will empower carbon credit tokenisation as non-fungible tokens (NFTs) on XRP ledger.
CEO Brad Garlinghouse, stated that this move by Ripple Labs will play “a catalytic role” which will work towards improving the carbon markets.
Call To Action’ On Climate Concern By Ripple
Brad Garlinghouse claims that this fund is a “direct response to the global call to action” on climate change.
Garlinghouse also stated that companies are now encouraged to dispose resources along with talent as a global response to encourage carbon removal activities in order to bring down the rise of global temperature by curbing carbon emissions.
Ripple has been in the fore for speaking about the wastefulness if mining as the coin is by far the most energy efficient cryptocurrency.
He furthe...
|  | Ripple Commits $100M to Invest in Carbon Markets in its Latest Push for ...
Blockchain company Ripple has allocated $100 million to accelerate carbon removal activity and aid in modernizing such markets with the help of investments in innovative carbon removal firms and sustainable financial tech platforms.
According to the official press release, Ripple also plans to create a 'portfolio of additive, long-term, nature and science-based carbon credits, back innovative carbon-removal technology companies and market makers.'
Some of these will be utilized to meet its own commitment to accomplish net-zero in less than a decade. The funding will also focus on supporting new functionality and developer tools that allow carbon credit tokenization as core NFTs on the public blockchain - XRP Ledger (XRPL).
Speaking about the commitment, Ripple Chief Brad Garlinghouse stated,
'Our $100 million commitment is a direct response to the global call to action for companies to help address climate change by deploying resources, including innovative technology, strategic capital, and talent. While reducing emissions and transitioning to a low-carbon future are paramount, carbon markets are also an important tool for meeting climate goals.'
He also went on to highlight that blockchain technology and the cryptocurrency industry too can play a catalytic role in facilitating carbon markets to achieve their full potential by driving more liquidity and traceability to what Garlinghouse believes is a 'fragmented, complex market.'
Monica Long, General Manager of RippleX, o...
|  | Bitso to Offset Carbon Emissions From the Trading Platform's BTC, ...
On Friday, the Latin American cryptocurrency platform Bitso announced that the company plans to offset carbon emissions from its bitcoin and ERC20 token transactions carried out on the platform. Bitso is partnering with the carbon offset platform Moss.Earth in order to curb the crypto company's environmental impact.Bitso to Offset Crypto Transaction Carbon Emissions by Partnering With Moss.Earth
In mid-February, the Mexico-based cryptocurrency exchange Bitso revealed it was expanding into the Colombian market after witnessing a growing interest in the Latin American region. Following the expansion announcement, on April 22, Bitso announced it has partnered with the carbon offset platform, Moss.Earth. According to Bitso, the partnership aims to offset the crypto exchange's carbon emissions tied to the BTC and ERC20 tokens the trading platform sends on a regular basis.
Bitso says that 'Moss will offset all carbon emissions produced by all bitcoin and ERC20 token transactions on Bitso.' Alongside these transactions, ethereum, tether (USDT), chainlink (LINK), and shiba inu (SHIB) transactions will be offset. 'This initiative marks the beginning of Bitso's larger climate initiative aimed at supporting sustainable growth in the region,' the Latin American cryptocurrency platform's statements sent to Bitcoin.com News explain.
As crypto adoption increases throughout the world, it's imperative that we address environmental impacts. By partnering with Moss – a company at the cut...
|  | Polygon Allocates $20 Million to Become Carbon Neutral in 2022
Polygon Network recently announced intentions to offset its carbon footprint this year. The blockchain project revealed that it had pledged $20 million toward its plans of becoming carbon neutral and climate effective.
As per the announcement, Polygon noted that it aims to implement a multilayered strategy targeted at creating a sustainable future for its ecosystem, the crypto industry, and the planet at large.
The Green Manifesto
Polygon also unveiled its 'Green Manifesto: A Smart Contract with Planet Earth,' which emphasizes the need for environmentally sustainable practices to promote the Web3 ethos.
Hence to become carbon neutral, the project intends to track every NFT generated, token bridged, or DeFi trade made on its ecosystem and their environmental impacts mitigated. Polygon's long-term goal is to become the first blockchain to be climate positive.
The protocol noted that it will work with KlimaDAO, a decentralized collective of environmentalists, developers, and entrepreneurs that deliver on-chain carbon offsetting solutions. In partnership with Offsetra, KlimaDAO will provide Polygon with a carbon footprint analysis to help measure the network’s carbon intensity.
A careful analysis of emissions from staking node hardware, emissions from the energy consumption of their operations, and emissions from contracts directly interacting with Ethereum Mainnet, especially checkpointing and bridging, will enable them to build a better management strategy.
Polygon noted ...
|  | Ripple Is Hiring Director for Carbon Markets to Expand Business
Vice President of Global Talent Acquisition at Ripple, Jim Chauncey-Kelly, has taken to Twitter to share a link to a Ripple vacancy as the company seeks to expand its business in carbon markets and is pulling focus on climate protection.
.@Ripple is #hiring a Director, Business Development, Carbon Markets (RippleX)! Apply today https://t.co/9JjFsnGOHa via @greenhouse #jobs #fintech
— Jim Chauncey-Kelly (@JChaunceyKelly) March 18, 2022
Ripple helps global efforts to address climate change
As the world is undergoing a transfer to a low-carbon economy and intends to remove a massive amount of carbon from the atmosphere by 2050 – 50 billion, Ripple is taking a stronger commitment to help deal with climate change.
Now, the company is in search of a Director for Carbon Markets for its Global Business Development Team. The hired successful candidate will be cooperating with various departments and teams at Ripple, including RippleX, Ripple Impact, etc, according to the job description.
Job duties include dealing with exchanges, DeFi, dapps, NFTs, etc
The newly hired director at Ripple will work with fintech companies, crypto exchanges, etc focused on decreasing their carbon footprint. The vacancy is to be fulfilled in Ripple’s office either in San Francisco or New York.
As part of the company’s strategy to do with carbon markets, the job description says, RippleX is working with crypto opportun...
|  | Cryptowisser: Top 100 Crypto Coins Ranked by Carbon Footprint – Al...
PRESS RELEASE. February 2022: Leading Crypto service comparison site Cryptowisser, announces its Crypto Carbon Footprint list. The list ranks how sustainable the top 100 cryptocurrencies are and is based on the research of a Swedish team of sustainability experts.
The list ranks each coin of how a typical transaction affects the environment through its carbon footprint. The list uses a color scheme to display different levels of energy efficiency and carbon footprint, with dark green being the cleanest by carbon neutral or negative, and medium green being equivalent to a VISA transaction.
'We are excited to release the world's first comprehensive ranking of carbon footprints of Cryptos and we hope to give more clarity in the market regarding how green different cryptos are. Based on our research, we can also give a positive outlook for the sustainability of Crypto'
Richard Ramberg, CEO of Dgtl Assets Group AB
How Does Crypto Have a Carbon Footprint?
The carbon footprint of cryptocurrency is based on the energy consumption from the daily operations, for example the process of mining or running of nodes in combination with how clean the energy is. Miners powered by renewables or based in a clean electricity grid will have a significantly lower carbon footprint than if powered by fossil fuels.
How many Cryptocurrencies are carbon neutral or negative?
According to the list, 12 of the cryptocurrencies are self-defined as carbon neutral or negative with Algorand taking the top spot...
|  | China Mining Ban Worsened Bitcoin's Carbon Footprint, Study Claims
Contrary to some expectations, Beijing's crackdown on the crypto mining industry has increased Bitcoin's carbon emissions, researchers have alleged. Leaving China, miners also left behind its eco-friendly hydropower and are increasingly relying on energy generated by fossil fuels, they claim.Bitcoin Mining Allegedly Less Green Since Miners' Exodus From China
Cryptocurrency mining has become a dirtier process after the Chinese government effectively prohibited bitcoin extraction in the People's Republic, according to research published in the Joule journal. The share of renewable energy used to power mining operations has fallen from almost 42% to around 25% last August, the study insists.
It has been estimated that Bitcoin produces more than 65 megatons of carbon dioxide annually. The amount exceeds the total carbon emissions of a country like Greece, for example, which in 2019 registered less than 57 megatons of CO2. One of the authors, Alex de Vries, told the BBC:
We see the network becoming less green than ever before.
Speaking to Bloomberg, he elaborated that the relocation of mining companies to other countries such as the United States and Kazakhstan has led to a reduction in the use of renewable energy sources. This made bitcoin production less friendly to the environment as it resulted in the increase of its carbon intensity by about 17%.
De Vries is the founder of Digiconomist.net, a platform presenting itself as 'dedicated to exposing the unintended consequences of ...
|  | Sulake's Habbo to Use Immutable X to Boost Carbon Neutral NFT Expe...
Helsinki-based Sulake is set to leverage Ethereum's layer 2 scaling solution - Immutable X. The main objective behind the move is to foster the NFT experience for its online community of over 500,000 monthly active Habbo users across the world.
Web 3 And Carbon Neutral NFT Experience
According to the press release shared with CryptoPotato, Immutable X will allow Sulake-owned Habbo to dive deeper into Web3 and simultaneously enable its global community users 'to achieve a deeper social connection' to handle large volumes with gas-free NFT trading and minting.
Fundamentally, Immutable X aims to address the growing energy cost and carbon footprint of producing NFT on the Ethereum network. The latest collab will also focus on providing a 100% carbon neutral NFT experience.
The post also detailed that Habbo is evolving the early integration with the scaling platform into a formal partnership. The two entities will develop an NFT roadmap, and ultimately, the integration will give Habbo and its users access to security, scalability of 9,000 TPS, and gas-free trading and minting.
Following the development, Muumiopappa, Habbo NFT's Game Lead Designer stated,
'Immutable X is a great solution for our community members because not only is it user-friendly and well-equipped with the TokenTrove integration, but as a Layer 2 solution, Immutable allows our users to trade NFTs without having to pay exorbitant transaction fees.'
Onboarding Immutable X also aligns with Habbo's carbon-neutral fr...
|  | US Lawmakers Press Bitcoin Mining Firms on Energy Usage, Carbon Emission...
Eight U.S. lawmakers, including Senator Elizabeth Warren, have sent letters to top U.S.-based bitcoin mining firms questioning them about their crypto mining operations. 'The extraordinarily high energy usage and carbon emissions associated with bitcoin mining could undermine our hard work to tackle the climate crisis - not to mention the harmful impacts cryptomining has on local environments and electricity prices,' Senator Warren wrote.
US Senators Want Answers From Top Bitcoin Mining Firms
U.S. Senator Elizabeth Warren (D-Mass.), a member of the Senate Banking, Housing, and Urban Affairs Committee, announced Thursday that she and seven other senators have sent letters to six crypto mining companies 'raising concerns over their extraordinarily high energy usage.'
The announcement details: 'Senator Warren and her colleagues asked each company to detail their electricity consumption, scaling plans, agreements with electricity companies, and impact on energy costs for consumers and small businesses by February 10, 2022.'
The letters were sent to six crypto mining firms: Riot Blockchain, Marathon Digital Holdings, Stronghold Digital Mining, Bitdeer, Bitfury Group, and Bit Digital.
Senator Warren explained:
The extraordinarily high energy usage and carbon emissions associated with bitcoin mining could undermine our hard work to tackle the climate crisis - not to mention the harmful impacts cryptomining has on local environments and electricity prices.
She claims that 'Bitcoin m...
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