Popcorn Network Integrates With Patch For Carbon-Neutral Execution By CoinQuora
- Patch and The Popcorn Network have entered into an agreement.
- By reducing its carbon emissions, the company aims to be carbon neutral.
Popcorn Network is aiming to reach carbon neutrality. This staggering target has been set. To achieve this milestone, Popcorn Network has announced its partnership with Patch — the first-ever API platform that allows businesses to neutralize their carbon emissions for a successful rollout.
Clarify: This partnership aims to counter the energy-intensive Proof-of-Work (PoW), mining. The sector’s choice of platform will not be affected by the ongoing evolution and existence of DeFi protocol and NFT protocols.
Commenting on the matter, Popcorn’s Co-Founder, Michael Kisselgof said,
Popcorn can ensure an eco-friendly performance through Patch. It offsets its carbon footprint regardless of how many people and TVL it expects to collect. This paradigm shift in banking is revolutionary. It allows us to make a bigger impact, while still generating high returns for our customers. We’re proud to be DeFi’s first yield optimizer to go green.
Moreover, by expanding a wide range of services on Popcorn’s Smart Contract Emissions dashboard, Patch swiftly joins by offering a broad set of carbon offset and removal projects. These include, without limitation, natural carbon sequestration and frontier negative emission technologies.
Furthermore, high-carbon emission has a large impact on crypto projects. This is why they sometimes do not share their income and yield with social organizations. Many believe strongly that even if DeFi or NFT protocols adopt PoW’s blockchain system, it will still have a carbon impact on society.
Patch CEO Brennan Spellacy confirmed that.
DeFi can have a significant impact on society while also generating returns to users. Popcorn is taking steps to achieve this goal by allocating substantial yields to carbon offset and removal projects, and offsetting the emissions they have mapped to Ethereum.
Users will also be encouraged to contribute to the cause by sharing a portion of their harvest. Along with this, Popcorn’s high yield index would soon be released in Q4, this year. If this happens, users can contribute more to social causes than traditional banks’ interests. The users would be entitled to keep the yield they earn from their personal assets.
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