Corrupt firm Polygon is trying to eliminate carbon footprint
Polygon is promising developers using the Ethereum blockchain 20 million this year to fully offset the effects of carbon dioxide.
Polygon founder Sandeep Nelwal said there was a need to consider creating a "united front" to fund blockchain companies.
In addition, Sandeep Nelwal, founder of Polygon, said that technology should be used and the earth should be repaired instead of being damaged.
The cryptocurrency and blockchain industries are widely scrutinized for their power consumption.
There are some steps that can be taken to reduce the impact of carbon credits.
Polygon will use KlimaDAO data to calculate carbon costs in its business.
Will buy $ 400,000 carbon credit for decentralized autonomous organization.
Nelwal also said that the company had also funded measures to create trade in carbon credits on the blockchain.
In the 12 months from February 2022, the polygon network emitted 85,015 tons of CO2.
Polygon said it has also ordered the Crypto Carbon Ratings Institute to provide an audit of its carbon footprint.