MVGX and Chainlink Partner up to Interlink Web3 and Web2 Carbon Markets
A digital exchange regulated and licensed on the behalf of the Monetary Authority of Singapore (MAS), MetaVerse Green Exchange (MVGX), declared its next partnership with Chainlink (a venue providing industry-standard services of Web3). The tech collaboration is focused on enhancing the linkage between the sustainability players existing in both the Web3 and Web2 sectors amid the mounting calls for more transparency as well as the data-led measurement standards across the carbon reporting sector.
MVGX and Chainlink Collaborate to Link Web3 and Web2-based Carbon Markets
The partnership will pave the way toward the likely integrations, with assistance from Chainlink via Cross-Chain Interoperability Protocol (CCIP), dynamic NFTs, and proof-of-Reserve (PoR). This will enable MVGX to transparently and securely be developed into a Web3 sustainability venue of the next level and create unification between the sustainability community of Web3 and the real-world carbon systems while keeping compliance in view.
MVGX provides an end-to-end package of Carbon-as-a-Service solutions that are based on blockchain and are supported by the licensed digital exchange thereof along with the patent-pending technologies. They take into account Carbon Neutrality Tokens as well as Non-Fungible Digital Twin. The tech partnership with Chainlink is witnessed after the exploratory collaboration of MVGX with the Indonesia Stock Exchange.
Formerly this week, the national bourse of the country declared to operate in partnership with MVGX to create carbon trading facilities. MVGX has carried out several significant collaborations with financial organizations this year, taking into account one with the Oversea-Chinese Banking Corporation (OCBC). This partnership is focused on developing green finance solutions. In the previous October, the platform additionally introduced the world’s initial enterprise finance enterprise resource planning (ERP) integrated with carbon.
Chainlink Moves toward Green Solutions in Finance
This project has been carried out in partnership with Oracle NetSuite (the top platform for software for cloud-based enterprises). Businesses and governments around the world acknowledge the overwhelming influence of environmental change. However, the present solutions do not have the required transparency to guarantee that the stakeholders’ climate endeavors are adequately influencing the ground, as per the co-founder and executive chairman at MVGX – Dr. Bo Bai.
The technology of Chainlink has gathered considerable fame among sustainability-focused firms. The respective declaration with MVGX provides a way to further expand the ability of Chainlink to affect the sustainability world beneficially.
