VANCOUVER, British Columbia, Dec. 23, 2021 (GLOBE NEWSWIRE) -- First Carbon Corp. (“First Carbon” or the “Company”), a developer of a proprietary, decentralized, carbon credit non-fungible token (“NFT”) onboarding platform, is pleased to provide the details for the launch of its MintCarbon.io channel on the Discord social media platform (“Discord”). MintCarbon.io is the Company’s user-friendly interface that is being developed to enable carbon offset holders to easily convert their credits into highly customizable and ERC-1155-compliant NFTs. With the launch of the MintCarbon.io channel on Discord, an endless number of carbon offset holders, investors and other parties interested in the community can now chat directly with MintCarbon.io operators.
Discord is a free, secure and rapidly growing voice, video and text-based communication application currently used by more than 46 million users each month. The integration of Discord into the MintCarbon.io ecosystem will create a community through which users can talk about NFT values, carbon offset pricing trends, and the securitization of carbon offset markets. This is expected to evoke valuable discussion and community input, while generating significant traffic towards MintCarbon.io’s proprietary minting platform and digitized token offerings.
Leveraging the power of the blockchain and the low-emission, Ethereum-powered Polygon network, the NFTs minted on MintCarbon.io will be able to be listed for trading on decentralized marketplaces such as Opensea.io. Every customised NFT is being planned to be embedded with unique characteristics and may potentially represent millions of tonnes of carbon dioxide.
Management Commentary
"A first-of-its-kind in the carbon credit industry,” said Mo Yang, CEO of First Carbon, “the MintCarbon.io Discord channel now enables offset holders, individuals and other stakeholders to chat directly with our platform’s operators, ask them questions, offer input and receive feedback on the minting and selling of carbon credit NFTs.”
Derek McKenzie, Chief Operating Officer of First Carbon, further commented, “Building a global and connected MintCarbon.io community is an important component of our big picture strategy. We believe that Discord, as one of the fastest growing online communities in the world, will play a critical role in help us to achieve critical mass.”
About First Carbon Corp.
First Carbon Corp is a next generation technology platform company focused on democratizing tokenized access to carbon credits and ESG solutions. Its flagship platform MintCarbon.io offers carbon offset holders an onramp to the blockchain by enabling the minting of carbon credits into decentralized NFTs on the low-emission Polygon network. MintCarbon NFT’s are powered by Ethereum and tradeable on global decentralized platforms based on the blockchain. The ERC1155-compliant tokens are to be backed by real, verified carbon credits, providing increased transparency, liquidity and security in carbon offset trading.
MintCarbon makes it easier for companies to take part in the global effort to reduce their impact on the environment. Benefits of the platform include: Permission-less global trading on decentralized trading platforms (such as OpenSea.io) operating 24/7/365; Secure and easy access for investors into an emerging asset class; Access to a growing pool of capital in the cryptocurrency markets; Programmable functionality through smart contracts and composable primitives that enable new types of capital formation and trading; and a reliable framework designed to increase the flow of capital into carbon reduction initiatives, helping underfunded environmental companies and projects.
Visit MintCarbon.io and sign up to the newsletter to be alerted to platform updates and our upcoming launch and visit our corporate website FirstCarbonCorp.com to learn more about the Company. On social media, follow us on Twitter at twitter.com/firstcarbon. And for partnership and corporate related inquiries, please send an email to: corporate@firstcarboncorp.com.
ON BEHALF OF THE BOARD
“Mo Yang”
Mo Yang, CEO
Tel: +1 604-800-5648
Email: corporate@firstcarboncorp.com
Cautionary Statements Regarding Forward-Looking Information
This news release contains “forward-looking statements.” Statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such forward-looking statements include, among other things: the Company's ability to digitize and allow for the trading of tokenized carbon credits by the global carbon offset market on its platform which is interoperable with the Ethereum blockchain while ensuring that minting activities will be both low emission and cost.
The material assumptions supporting these forward-looking statements include, among others, that: the Company could mitigate the risks associated with the blockchain and NFT industry; and the ability to compete with other businesses in the NFT market.
Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. These forward-looking statements are only predictions and involve known and unknown risks, uncertainties and other factors, including: the risk that the Company's offerings are not accepted by the consumer, the risk that other competitors may offer similar digital offerings; the risk that there may be negative changes in general economic and business conditions; the risk that the Company may have negative operating cash flow and not enough capital to complete the development of any of its technologies; the risk that the Company may not be able to obtain additional financing as necessary; the risk that there may be increases in capital and operating costs; the risk that the NFT technology may be subject to fraud and other failures; the risk that there may be technological changes and developments in the blockchain that make the NFT solutions obsolete; risks relating to regulatory changes or actions which may impede the development or operation of the blockchain solutions; the risk that other competitors may release similar blockchain offerings; the potential future unviability of the NFT market in general; the volatile cost of the amount of computational effort required to execute specific operations on the blockchain, and other general risks involved in the blockchain solutions.
Any of these risks may cause the Company’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Further, although the Company has attempted to identify factors that could cause actual results, levels of activity, performance or achievements to differ materially from those described in forward-looking statements, there may be other factors that cause results, levels of activity, performance or achievements not to be as anticipated, estimated or intended. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States and Canada. Although the Company believes that any beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. The Company does not assume any liability for disclosure relating to any other company mentioned herein.
In addition, this news release includes third-party market data and statistics which management has not independently verified. The Company expressly disclaims any responsibility for the accuracy thereof.
SOURCE: First Carbon Corp.
