Carbon neutrality takes Polygon’s MATIC to the green - Aliens: AI Crypto News & Markets Updates
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Carbon neutrality takes Polygon’s MATIC to the green

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AMB Crypto

Fri, Jun 24, 2022

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The decentralized Ethereum scaling platform ticked off its first sustainability milestone by achieving carbon neutrality this week.

By investing $400,000 in carbon credits, Polygon is now one step closer to becoming carbon negative.

According to its official blog post , the achievement came after Polygon’s ‘Green Manifesto’, launched in mid-April.

Acknowledging that there is still more to be done, Co-Founder of Polygon, Sandeep Nailwal, was quoted – “Our world is facing an environmental crisis, and the blockchain industry must do far more than promise to stop adding to the problem.” Cryptocurrencies are very much in the kernel of energy consumption debate.

According to WEF’s report published in March this year, data centres (which give us access to popular platforms like Netflix and Playstation) in the U.S. consume 204 TWh of energy a year, while Bitcoin uses 62 TWh a year.

‘Filecoin Green’ is an initiative led by the Filecoin Foundation, aimed at making its blockchain carbon-neutral and, in time, carbon negative.

Meanwhile, Algorand celebrated this year’s Earth Day by becoming the world’s first carbon-negative blockchain.

KlimaDAO is another climate-driven organization that helped Polygon achieve its recent feat.

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