Breaking News
Black Friday SALE: Up to 54% off InvestingPro! Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Popcorn Network Integrates With Patch For Carbon-Neutral Execution

CryptocurrencyOct 05, 2021 10:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Popcorn Network Integrates With Patch For Carbon-Neutral Execution

  • The Popcorn Network has entered into a partnership with Patch.
  • The company wants to achieve carbon neutrality by offsetting its emissions to run on Ethereum.

Achieving carbon neutrality is one of the staggering targets of the Popcorn Network. 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.

To clarify, this collaboration intends to combat the presence of high energy consumption of Proof-of-Work (PoW) mining. With this, due to the existence and the continual evolution of DeFi and NFT protocols, however, the sector will not suffer in terms of its choice of platform.

Commenting on the matter, Popcorn’s Co-Founder, Michael Kisselgof said,

Popcorn ensures eco-friendly performance by offsetting its carbon footprint thanks to Patch, regardless of how many users and TVL we expect to accumulate. This is a new paradigm for banking, allowing us to scale impact while generating competitive returns for our users. 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. To highlight, this includes but is not limited to frontier negative emission technology and natural carbon sequestration projects.

Even more, the high impact of high carbon emission accounts for how crypto projects sometimes fail to share their revenue and yield with social impact organizations. Emphatically, many even believe that if DeFi and NFT protocols adopt the PoW blockchain system, yet still, there will be an existence of carbon impact and societal cost.

Patch CEO Brennan Spellacy also affirmed that,

DeFi has the potential to deliver significant social impact, while still generating returns for users. Popcorn is working to make this potential a reality by offsetting their emissions mapped to running on Ethereum and allocating a meaningful portion of yield to high-impact carbon removal and offset projects.

In addition, users will be incentivized to share part of their yield and contribute to the social cause. 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. In essence, the users will be privileged to keep their yield from their own assets.

Continue reading on CoinQuora

Popcorn Network Integrates With Patch For Carbon-Neutral Execution
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email