Blockchain
Binance Charity launches NFT tree planting project ‘Tree Millions’ to plant 10M trees worldwide
Binance Charity, the first-ever blockchain-enabled transparent donation platform, leads the most ambitious NFT tree planting project to date, to plant 10 million trees worldwide. Tree Millions Alliance launches next Tuesday on 28th September, led by Binance Charity. The initiative already has 17 crypto industry players confirmed to help with reforestation efforts and aims to have 100 members by 21st March, 2022 in celebration of the UN Day of the Forest.
The multi-million dollar fundraising campaign is open to both corporates and individuals. For every donation made an NFT certificate encrypted with the details of trees planted will be issued. It repurposes NFTs as a tool to track how donors’ money has been spent and record details such as the species of tree, where and when it’s been planted. As with all Binance Charity projects, 100 percent of the donation will go directly to the project execution partners.
“The crypto industry is young and constantly evolving so we recognize the role our industry needs to play in protecting the planet. Tree Millions is just one step towards mitigating our impact on the natural world; we’ll keep innovating and collaborating to reduce this further. Blockchain technology is a powerful tool for building a fairer, more transparent, and more equal future. We’re determined to continue unlocking this potential,” commented Changpeng Zhao, CEO of Binance.
Binance Charity is teaming up with Binance NFT, a world-leading NFT Marketplace for Tree Millions to plant the NFT in Metaverse to create the world’s largest virtual tree planting forest. In addition, Binance NFT will line up creators to take part in NFT for Good to drive fundraising efforts for Tree Millions. The NFT certificates produced for Tree Millions by Binance Charity will use Binance Smart Chain, which uses less than 1% of the energy consumption of Bitcoin.
“The natural world is in crisis and we’re calling on the digital world to help. It’s increasingly clear that we’re all intrinsically linked so if we fail nature, we fail ourselves. We know trees are a critical resource in the battle against climate change and an essential part in keeping the balance to our fragile ecosystems that help to provide life on earth; that’s why we’re launching Tree Millions. We believe crypto is the future and we want to be part of a future that is green,” commented Helen Hai, Head of Binance Charity and NFT.
Binance Charity is working with established environmental non-profits to help execute the tree planting, including One Tree Planted and Koala Clancy Foundation. The first phase of the project is underway with a $2 million USD donation from Binance. Tree planting efforts have started in Australia, Canada, Germany, Ukraine, Kenya, Uganda, Ethiopia, Ghana, South Africa, Brazil, Mexico, Colombia, Argentina, India, Indonesia, Philippines, Vietnam, and Thailand.
For more information, visit: https://www.binance.charity/
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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