Vulcan Forged’s New Blockchain to Turn Carbon-Neutral by Planting trees

On 70,000 Acres

Every transaction on Elysium blockchain will finance a little piece of a tree

KÝMI, Greece, Dec. 20, 2021 (GLOBE NEWSWIRE) — NFT gaming platform Vulcan Forged has announced that Elysium blockchain, also known as “the blockchain for Metaverses”, will become the world’s first carbon-neutral blockchain in collaboration with Coorest, a Netherlands-based decentralized carbon credit exchange.

Elysium has joined hands with Coorest and a huge TBA rainforest project to address the global social issue of carbon emissions. With the help of Coorest, the leading gaming blockchain aims to put the problem of carbon emissions into the past. IT has taken the complaints related to massive resource consumption by blockchains and NFTs seriously, and the goal is to create new forests to neutralize carbon emissions.

Elysium will offset the CO2 emitted by the Elysium blockchain using tokenized trees. This will lead to the creation of new forests. The gas fee from transactions on the blockchain will be used to plant trees, and nearly 70,000 acres of land will be covered under this initiative. Elysium will ensure that NFT minting, transactions, staking solutions and other operations on its chain are carbon-neutral.

Tokenized trees will help Elysium become a fully carbon-neutral blockchain, and the NFTs attached to these trees will be minted and stored on the Elysium blockchain itself.

About Elysium

Elysium blockchain has been designed for crypto gaming projects that mostly use NFTs. It is the transfer of NFTs from one wallet to another that uses energy, and Elysium uses proof-of-stake to validate these transactions. The servers used by Elysium to validate transactions emit CO2. A small fee will be levied for every transaction on the chain, and Elysium will use the transaction fee to plant trees. This essentially means that every transaction on the chain will be financing a piece of a tree. This will help Elysium neutralize CO2 emitted from transactions. Elysium is expected to handle 2,500 transactions per second in the beginning.

Coorest

Coorest is a decentralized carbon credit exchange that uses NFTs and crypto-based yield-bearing assets to offer eco-friendly investment methods. Coorest owns lands all over the world where it plants trees in partnership with companies in the crypto-space. The strategic partnership with Coorest will help Elysium plants trees all over the world and create new forests that will absorb the carbon emitted due to operations on the blockchain.

About Vulcan Forged

Designed an easy-to-play and easy-to-build ecosystem, Vulcan Forged is a pioneer in blockchain gaming. It supports game developers through crowdfunding, incubation and development programs. In October 2021, Vulcan launched VulcanDEX, the first-ever DEX for gaming tokens. VulcanDEX has four active pools at present that allow users to stake gaming tokens. Vulcan Forged games are expected to have a user base of 100,000 by the end of the year.

Contact:

Jamie Thompson

Email: PR@vulcanforged.com

Discord: https://discord.gg/vulcanverse

Twitter: twitter.com/vulcanforged

Medium: vulcanforgedco.medium.com

Telegram: tg.me/veriarti

Vulcan Forged's New Blockchain to Turn Carbon-Neutral by Planting trees 1Pl

About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.

Related Posts

E-Crypto News Executive Interviews

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Millions in Cryptocurrency Stolen by Scammers in the Last Month According to Tenable Research
November 24, 2021
Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021

Blockchain/Cryptocurrency Questions and Answers

GamStop
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
Cryptocurrency
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
Ethereum
The Unconventional Guide to Ethereum
October 28, 2021
ICo Presale
The Science Behind ICO Presales…
October 14, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin38,923 0.11 % 10.14 % 8.65 %
Ethereum2,843.8 0.20 % 12.53 % 12.68 %
Tether1.000 0.21 % 0.32 % 0.41 %
Binance Coin424.57 0.45 % 9.90 % 10.92 %
USD Coin1.000 0.95 % 0.15 % 0.04 %
Cardano1.220 1.07 % 13.04 % 1.43 %
Solana123.92 2.78 % 13.26 % 15.65 %
XRP0.6855 0.13 % 9.81 % 11.16 %
Terra73.78 0.88 % 12.21 % 5.73 %
Polkadot22.12 1.08 % 12.88 % 14.37 %

bitcoin
Bitcoin (BTC) $ 39,030.00
ethereum
Ethereum (ETH) $ 2,852.59
tether
Tether (USDT) $ 1.01
binance-coin
Binance Coin (BNB) $ 424.17
usd-coin
USD Coin (USDC) $ 1.01
cardano
Cardano (ADA) $ 1.22
solana
Solana (SOL) $ 123.29
xrp
XRP (XRP) $ 0.686308
terra-luna
Terra (LUNA) $ 74.15
polkadot
Polkadot (DOT) $ 22.25