Carbon credit tracking agreement based on StarkNet Carbonable completed $1.2 million seed round financing

It is reported that Carbonable, a carbon credit tracking agreement launched on the Ethereum Layer2 extension system StarkNet, completed a seed round financing of $1.2 million, with Ethereal Ventures and La Post Ventures leading the investment and Starkware participating.

Interpretation of this information:

Carbon credits have emerged as a valuable mechanism to mitigate carbon emissions, and with growing concerns over climate change, there is an increased demand for environmentally sustainable solutions. In response to this, Carbonable has launched a carbon credit tracking agreement on the Ethereum Layer2 extension system, StarkNet. The platform uses blockchain technology to create transparency and ensure the credibility of carbon credits by tracking their origin and authenticity. Investors have shown keen interest in the platform, with a seed round financing of $1.2 million being completed. This funding has been led by Ethereal Ventures and La Post Ventures, with the participation of Starkware.

Carbonable is based on the Layer2 extension system, which ensures faster transactions and lowers fees compared to the main Ethereum blockchain. This enables the platform to track carbon credits in a more efficient and cost-effective manner. The platform is set to benefit everyone involved in the carbon credit industry, including buyers, sellers, and regulators. By providing transparency and credibility to the carbon credits market, Carbonable is making a significant contribution to environmental sustainability.

The seed financing round of $1.2 million is an indicator of the growing interest in the carbon credits market. Investors are showing increasing enthusiasm for companies working towards sustainable solutions. This trend is expected to continue, and Carbonable is in a position to capitalize on it. By raising funds, Carbonable can scale its operations and take on new opportunities in the carbon credits market.

In summary, Carbonable is a new platform that uses blockchain technology to track carbon credits on the Ethereum Layer2 extension system, StarkNet. The seed financing round of $1.2 million led by Ethereal Ventures and La Post Ventures, with participation from Starkware, is an indication of the growing interest in sustainable solutions. Carbonable’s success will benefit everyone involved in the carbon credits market, and the platform is expected to bring a greater level of transparency and credibility to the industry.