Blockchain
CarbonMeta Technologies Files Provisional Patent for Tracking Captured CO2 in Concrete Using Blockchain Technology
CarbonMeta Technologies Inc. (OTC PINK:COWI, “CarbonMeta”), a trailblazing green technology firm, announced today the submission of a groundbreaking provisional patent application to the United States Patent and Trademark Office (USPTO). This patent application introduces an inventive and verifiable process designed to transparently document and monitor sequestered carbon dioxide (CO2) in concrete as carbon credits on a blockchain.
The patent application from CarbonMeta outlines a pioneering system that integrates cutting-edge carbon sequestration methods with advanced blockchain technology. This innovative approach aims to transform the construction industry’s endeavors to diminish its carbon footprint. Through this process and software technology, CarbonMeta and its clients will be able to accurately record and monitor the CO2 permanently captured in their cement-less concrete products. The sequestered CO2 will be represented as carbon credits and securely stored as components on a blockchain, ensuring the transparency and immutability of the information.
Lloyd Spencer, President and CEO of CarbonMeta Technologies, commented, “This provisional patent marks a significant milestone in our quest to develop and implement transformative solutions for a more environmentally friendly future. Our pioneering strategy directly addresses the urgent need to reduce greenhouse gas emissions and offers investors an opportunity to contribute significantly to the fight against climate change.”
Authored by Mohamed Khalil, Martyn Newby, and Lloyd Spencer, CarbonMeta’s patent application was submitted to the USPTO on May 23, 2024, with patent development and legal advisory services provided by PatentManiac.
Source: finance.yahoo.com
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DNA Fund Acquires Coral Capital; Adds $50M AUM in Web3 & Emerging Tech
2024-DNA Fund, the Financial Institution of the future in high-ticket emerging tech and web3 investments, has announced its acquisition of Coral Capital Holdings LLC, an established investment management firm that has previously managed millions in the DNA founders’ personal funds.
As early-stage investors in established Web3 brands and founders of some of the sector’s most notable projects, DNA and its founders have invested in or founded projects such as Tether, EOS, Mastercoin, Bancor, and Hedera Hashgraph. The acquisition will see the DNA Fund manage an additional AUM of over $50 million, which includes Coral’s high-yielde hedge funds and venture funds focused on DeFi, Al, blockchain, and other emerging technology sectors. Some of Coral’s top-performing investments include Near Protocol and Atmos Labs.
Thomas L. McLaughlin, Coral’s Chief Investment Officer, will continue in his role, managing the funds with a unique focus and strategy aimed at maximizing investor returns.
Regarding the acquisition, Christopher Miglino, CEO of DNA Fund, said. “By bringing Coral Capital under our umbrella, we are not only expanding our investment capabilities but also enhancing our ability to offer unique, high-growth opportunities to our clients. Our combined expertise allows us to navigate the complexities of the digital asset landscape and continue delivering value to our investors.”
Thomas L. McLaughlin, CIO of Coral Capital Holdings, added, “Joining forces with DNA Fund is an exciting new chapter for Coral. Our shared vision for leveraging technology to drive financial growth is perfectly aligned. Together, we are set to redefine what’s possible in digital asset investments and deliver superior results for our investors.”
Since its inception in 2021, Coral has delivered consistent returns with innovative strategies, delivering high multiples on the benchmark of the overall market cap of digital assets. Coral’s Flagship fund, initially started as a market-neutral vehicle, was rebranded in 2023 as a discretionary liquid token, surviving a number of high-volatility events, including FTX and Terra.
With a 61.6% return (net of fees) and a maximum annual drawdown of only 11.6% in FY 2022. these funds have outperformed the broader digital asset market. Over a similar period, Bitcoin returned 36.7%.
Through this acquisition, DNA Fund also aims to capitalize on the growing interest from institutional investors and expand into several new verticals over the coming year, including a Bitcoin & Ether Yield Fund, as well as more speculative funds focused on Al, memecoins and microcaps.
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