Flowcarbon and Aptos Foundation are thrilled to unveil an innovative partnership aimed at transforming Aptos into a carbon-negative blockchain platform. This collaboration introduces a groundbreaking commitment by the Aptos Foundation to acquire and retire on-chain tokenized carbon credits from Flowcarbon.
The Flowcarbon tokenized carbon offset transactions will be executed seamlessly on the Aptos network, promoting a greener blockchain ecosystem.
The partnership will counterbalance the Aptos blockchain’s estimated total weekly protocol carbon footprint of 7.75 tCO2e with a weekly retirement of 7.75 tCO2e carbon credits. Simultaneously, Aptos Foundation will partner with Flowcarbon to offset the Aptos network’s historical emissions as well.
"Deciding to be carbon negative involves compensating for a greater amount of emissions than you actually emit in a year,” explains Dana Gibber, CEO of Flowcarbon. “That’s an incredibly proactive decision to make. Through this partnership, rather than merely compensating for the carbon footprint of the Aptos protocol activities, we’re able to create a catalyst for a positive contribution to the environment."
"We can no longer afford to overlook looming concerns associated with the growing global climate crisis. Through the empowerment of stakeholders such as Flowcarbon, we must continue to promote the adoption of carbon offsetting tools, along with building the ecosystems of tomorrow that will enable heightened transparency and accountability across the energy and carbon markets." adds Bashar Lazaar, Head of Grants & Ecosystem. "There is an increasing imperative for protocols to not only position themselves on the right side of the debate, but as responsible leaders. Aptos Foundation is dedicated to not only facilitate seamless adoption of such solutions, but pioneer a new movement of protocols working to safeguard the planet."
Aptos Foundation is dedicated to supporting the development of the Aptos protocol, decentralized network and ecosystem and driving engagement with the Aptos ecosystem. By unlocking a blockchain with seamless usability, Aptos Foundation aims to bring the benefits of decentralization to the masses. Learn more at: https://www.aptosfoundation.org.
Aptos is a next-generation Layer 1 blockchain. Aptos’ breakthrough technology and programming language, Move, are designed to evolve, improve performance and strengthen user safeguards.
Founded in 2021 and backed by leading investors, Flowcarbon is a pioneering carbon finance and technology company committed to propelling the voluntary carbon market forward through financing, technical support and monetization for carbon project developers. Learn more at www.flowcarbon.com.