Regen Network Launches Blockchain-Based Carbon Marketplace
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SAN FRANCISCO, Oct. 10, 2022 (GLOBE NEWSWIRE) — Regen Network Development launched its tokenized carbon and ecological asset marketplace application, Regen Marketplace. Regen Network’s application-specific blockchain allows farmers, foresters and land managers to create high-quality, nature-based carbon credits for markets, catalyzing regenerative financing solutions to the climate crisis. The Regen Marketplace benefits from the Regen Ledger, which brings transparency and public governance to voluntary carbon markets.
Regen Marketplace is a platform for the origin and exchange of ecological assets. Sellers can define, manage, mint and sell tokenized carbon and other ecological assets in the blockchain-based registry system. Using the Regen Marketplace, corporate sustainability departments and public entities striving to meet their climate commitments are encouraged to purchase, transfer, retire and collect tokenized carbon on the blockchain for carbon offsetting purposes, effectively removing carbon dioxide and other greenhouse gases from the atmosphere. Blockchain protocols and dApps are encouraged to package and export tokenized carbon for DeFi or consumer apps for climate impact.
Since 2020, Regen Network Development has partnered with blockchain protocols to become verifiably carbon neutral, including Osmosis, Stargaze, and Cheqd, retiring over 10,000 tons of carbon. In 2020, the Regen Network sold and retired over 120,000 CarbonPlus Grasslands credits to Microsoft for its Moonshot goal on the Regen Network blockchain.
Regen Network Development’s strategic launch partnership with the City Forest Credits Registry (CFC) aims to kick-start a market for urban forest carbon credits by tokenizing and listing the 2021 City Forest Credits portfolio in the Regen Marketplace. CFC is the US national standard for carbon emission reductions through urban forest conservation and carbon removal through urban tree canopy replanting. The urban forestry projects featured in the market launch directly impact 20 million Americans in urban communities. The portfolio represents all verified urban forest carbon across the US, is the largest urban forest carbon placement in history, and is the first blockchain-based urban forestry portfolio.
Gregory Landua, CEO of Regen Network Development, said: “The launch of the Regen Marketplace is a historic milestone in the global effort to tackle the climate crisis. Bringing more nature-based credits to a carbon market hungry for high-quality input. carbon credits will help to scale the global effort to reverse climate change. The underlying characteristics of this disruptive new marketplace are critical—radical transparency, community governance, and an open source technology stack designed to rapidly scale and decentralize the global movement to reverse climate change. The Regen Network is a neutral, sovereign app chain to serve the demands of the growing climate action movement and market for natural carbon and ecological assets.”
As Regen Network brings on more partners to participate in the growing ecosystem of climate impact champions, such as Moss.Earth, Open Earth Foundation, Earthbanc, ERA Brazil, Shamba Protocol and Terra Genesis International, the protocol hopes to gain mainstream participation eventually end life cycle with seamless design, tokenization and purchase of carbon credits to withdraw them for climate change. Over 20 partners are currently designing new ecological assets in the Regen Marketplace, giving consumers access to a climate-positive economic system.
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Gregory Landua, CEO of Regen, is available for interviews.
Media contact
Anna Ryan, Senior ConsultantWachsman[email protected] +353 87 249 9198
About Regen Network
The Regen Network is a neutral, sovereign app chain to serve the demands of the growing climate action movement and the market for nature-based carbon and ecological assets. Regen Network’s blockchain infrastructure brings high-quality, nature-based tokenized carbon to markets, catalyzing regenerative financing solutions to the climate crisis.
About Regen Network Development, Inc.
Regen Network Development, Inc. is a blockchain software development company focused on building applications for ecological regeneration on the Regen Network blockchain. RND Inc. is responsible for the largest Australian-based carbon credit purchase, the largest US-based urban carbon purchase and the largest soil carbon credit purchase in history. RND Inc. sold the first issue of CarbonPlus Grasslands eco-credits to Microsoft for its Moonshot target.
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Press contact: David Fortson, [email protected]
About the City Forest Credits Registry
City Forest Credits is a 501(c)(3) nonprofit carbon registry that administers carbon and impact standards for metropolitan areas in the United States.
Press contact: Doug McPherson, [email protected]
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Source: Regen Network Development
