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Blockchain for Climate Foundation Launches BITMO Platform at COP26

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At COP26 in Glasgow, Scotland, Blockchain for Climate Foundation launches the BITMO Platform, an innovative tool to help countries achieve their climate goals. The BITMO Platform allows signatories to the Paris Agreement to issue and exchange carbon credits as non-fungible tokens (NFTs) on the Ethereum blockchain. While countries negotiate at COP26, the BITMO Platform stands by to enable a quick start of international carbon trading under the Paris Agreement.

Blockchain for Climate Foundation created the BITMO Platform to advance Article 6 of the Paris Agreement and shepherd an effective, efficient, and timely global carbon market using blockchain technology. The BITMO Platform enables issuance and exchange of “Blockchain Internationally Transferred Mitigation Outcomes” (BITMOs) as ERC-1155 Non-Fungible Tokens (NFTs) on the Ethereum blockchain. Each BITMO token, equivalent to one tonne of CO2, has all pertinent carbon credit data embedded right into the NFT.

Launching November 8, the BITMO Platform will provide accounting and exchange infrastructure necessary under Article 6, connecting demand for emissions reductions with the best climate action opportunities around the world. Countries signatory to the Paris Agreement may help fulfill commitments to reduce emissions by purchasing BITMOs from proven emissions reductions achieved elsewhere. The BITMO Platform is a secure record of issuance, transfer, and retirement for each country’s Internationally Transferred Mitigation Outcomes (ITMOs) that can be reconciled with National Carbon Registries and meet future UN requirements. BITMOs make all relevant data publicly available and are settled immediately when exchanged, helping avoid double counting of emissions reductions.

The BITMO Platform helps humanity address the climate crisis while fostering global co-operation. In that spirit, Blockchain for Climate Foundation is convening a National Party Working Group to pilot the issuance and exchange of ITMOs using the BITMO Platform. If you represent a national party interested in exploring how the BITMO Platform can help you, please reach out to learn more. [email protected]

Joseph Pallant – Climate Innovation Director, Ecotrust Canada, and Founder, Blockchain for Climate Foundation, “We cheer the COP26 negotiators working hard to finalize agreement on Article 6 of the Paris Agreement. The BITMO Platform stands by to enable issuance and exchange of ITMOs for National Parties seeking to kick off this crucial, new, international carbon market without delay.”

Blockchain

Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

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Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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