Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Blockchain

DeepMarkit Announces Strategic Initiative to Explore the Minting of Renewable Energy Certificates

Published

on

 

DeepMarkit Corp., (“DeepMarkit” or the “Company”) (TSXV: MKT) (OTC: MKTDF) (FRA: DEP), a company focused on transitioning the global carbon offset market to the more accessible digital economy by minting credits into non-fungible tokens (“NFTs”), is pleased to announce that it has embarked on a strategic initiative to explore the minting of Renewable Energy Certificates (“RECs“) into NFTs via its proprietary MintCarbon.io platform. RECs, also known as green tags or tradable renewable certificates, are non-tangible energy commodities that represent proof that one megawatt hour (“MWh“) of electricity was generated from an eligible renewable energy source. The global REC market was valued at US$12.7 billion in 2021 and is projected to reach US$100 billion by 2030.1 By comparison, the voluntary carbon credit market surpassed $1 billion in market value in November 2021.2

The increase in demand for electricity around the world and company policies to reach certain renewable energy consumption targets, combined with the increase in renewable energy market share, are driving growth in the REC market. Until recently, the market’s growth has been restrained by opaque regulations, general inaccessibility and the lack of awareness by developing countries that could benefit from a transparent and accessible platform like the MintCarbon.io platform. MintCarbon.io is expected to play an important role in assisting projects by providing an additional avenue of monetization, while better articulating a project’s story and enabling new forms of engagement.

Management Commentary

“RECs represent a significant market segment for DeepMarkit. Based on input from our corporate development team, the MintCarbon.io platform’s ability to seamlessly integrate RECs, combined with positive feedback received from renewable energy sector participants,  make our decision to explore entering into this market an easy one, while remaining fully committed to our current carbon credit minting model,” said Ranjeet Sundher, Interim CEO of DeepMarkit.

Advertisement

Wladimir P. is a Content Editor at European Gaming Media and at PICANTE Media and covers a large variety of industries.

Blockchain

Bitget Partners with Fiat24 to Advance PayFi Solutions for Crypto

Published

on

bitget-partners-with-fiat24-to-advance-payfi-solutions-for-crypto

Bitget Partners with Fiat24 to Advance PayFi Solutions for Crypto

Continue Reading

Blockchain

LCT Secures VARA In-Principle Approval, Defining Its Role in Dubai’s Crypto Landscape

Published

on

lct-secures-vara-in-principle-approval,-defining-its-role-in-dubai’s-crypto-landscape
Continue Reading

Blockchain

Bybit One-Click Buy Offers a Winning Chance in First-Time Deposits Lucky Draws

Published

on

bybit-one-click-buy-offers-a-winning-chance-in-first-time-deposits-lucky-draws

bybit lucky

Continue Reading
Advertisement
 title=
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE