corp. 100m nft blockchain

In the past two years alone, the number of voluntary offsets sold has doubled. The Institute of International Finance believes there is “huge upside potential” for voluntary carbon credits, predicting the market could be worth as much as $100B/year by 20501.

On September 22, 2021, BNN Bloomberg reported, “Investors managing a collective $6.6 trillion are pressing the finance industry to boost funding for carbon-removal methods and standardize pollution credits as part of the effort to keep global warming within 1.5 degrees Celsius of pre-industrial levels.”3

The Trove Research2 report states that current VCM prices of $3.00-$5.00 (USD) per tonne of CO2 equivalent (tCO2e) are unsustainably low. With projected increases in VCM demand, average VCM prices should rise to $20-50/tCO2e by 2030 driving real investment in new projects to reduce emissions.

Fox’s original plan was made public in the company’s “early” presentation to advertisers last month.

The studio’s NFT series will initially be driven by a show called “Krapopolis” by “Rick and Morty” creator Dan Harmon (Dan Harmon). One hundred million USD back the project in funding, and it is currently one of the more ambitious mainstream attempts for mainstream brands to enter the NFT experiment.

Blockchain Creative Labs earlier collaborated with Dan Harmon, the creator of “Rick and Morty”, to develop an animation series called “Krapopolis” wholly curated on the blockchain.

This is a satirical comedy with the theme of ancient Greek life. It will premiere in 2022.

Fox Corp. has been making news for its interest in Non-Fungible Tokens [NFT]. The firm, recently revealed that it was going all into the NFT arena with a new animated comedy as well as a platform dedicated to NFTs. In more recent news, Fox has revealed that it would be elevating its presence in the NFT space by inducing a creative fund of a whopping $100 million.

This year, NFTs managed to secure a spot under the crypto spotlight.
Several celebrities had jumped on to the NFT bandwagon and Fox Corp. seemed to be the latest to join the trend. Last month, the entertainment platform revealed that it was going to roll out a blockchain-based show called Krapopolis. This show would reportedly be led by Rick and Morty’s co-creator, Dan Harmon.

Alongside this, the platform revealed that it would venture into the NFT business with Blockchain Creative Labs.

Fox Corp.

Ethereum-compatible blockchain networks into one, to enable a multi-chain Ethereum ecosystem. The platform was chosen to ensure that the project would be interoperable with the Ethereum blockchain while ensuring that minting activities will be both low emission and cost.

Currently there are two categories of carbon offset credits:Compliance credits are created and regulated by mandatory regional, national, and international carbon reduction requirements, and Voluntary credits which function outside of the compliance credit market and enable companies and individuals to purchase carbon offsets on a voluntary basis.

According to Trove Research (June 2021)2 the Voluntary Carbon Market (“VCM”) represented only 0.2% of global greenhouse gas emissions.

TORONTO, Oct. 19, 2021 (GLOBE NEWSWIRE) — First Carbon Corp., (“First Carbon” or “FCC” or the “Company”) developers of the world’s first decentralized carbon credit non-fungible token (“NFT”) onboarding platform, is pleased to announce it has launched to introduce its proprietary platform leveraging the power of NFTs on the blockchain. The platform, provides carbon credit issuers an “on ramp” to the blockchain, while enabling users to track, trade and burn credits in a simple and secure way accessible to everyone, everywhere.

First Carbon has pioneered the use of NFTs to digitize and allow for the trading of tokenized carbon credits in order to bring transparency and liquidity to the global carbon offset market.

U.S. media giant Fox Corp announced Tuesday it is launching a campaign, raising a total of $100M creative fund for its NFT company Blockchain Creative Labs, aimed at inspiring content creators.

Blockchain Creative Labs was launched by Rupert Murdoch’s mass media company Fox Corp and animation studio Bento Box Entertainment. Bento CEO Scott Greenberg will be in charge of this new department to oversee and manage the new fund.

Fox revealed that:

“The funds will be used to finance the creative community, as well as existing brand and IP owners, to accelerate the adoption of blockchain technology within their content and brand ecosystems, and accelerate benefits to the mainstream audience.”

The company will disclose more details of the project. The funds will be used to make “the first-ever animation series fully curated on the blockchain” in reality.

FT technology may be subject to fraud and other failures; the risk that there may be technological changes and developments in the blockchain that make the NFT solutions obsolete; risks relating to regulatory changes or actions which may impede the development or operation of the blockchain solutions; the risk that other competitors may release similar blockchain offerings; the potential future unviability of the NFT market in general; the volatile cost of the amount of computational effort required to execute specific operations on the blockchain, and other general risks involved in the blockchain solutions

Any of these risks may cause the Company’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Access to a massive, growing global pool of liquidity in the cryptocurrency markets.

  • Increased Utility – Programmable functionality through smart contracts and composable primitives that enable new types of capital formation and trading.
  • Funding Opportunities – Reliable framework designed to increase the flow of capital into carbon reduction initiatives, helping underfunded environmental companies and projects.
  • First Carbon’s ERC1155-compliant tokens will be backed by real, verified carbon credits, providing increased accountability and security in carbon offset trading.

    Mo Yang, CEO of FCC, comments, “We are very excited to announce the official launch of our website and the development of a proprietary platform which will transform the way the market issues, buys and sells carbon credits.

    The ERC1155-compliant tokens are to be backed by real, verified carbon credits, providing increased accountability and security in carbon offset trading.

    For more information about the company please visit


    “Mo Yang” Mo Yang, CEO Tel: +1 604-800-5648

    Email: [email protected]

    Cautionary Statements Regarding Forward Looking Information

    This news release contains “forward-looking statements.” Statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future.

    Such forward-looking statements include, among other things: the Company’s ability to digitize and allow for the trading of tokenized carbon credits by the global carbon offset market on its platform which is interoperable with the Ethereum blockchain while ensuring that minting activities will be both low emission and cost.

    The material assumptions supporting these forward-looking statements include, among others, that: the Company could mitigate the risks associated with the blockchain and NFT industry; and the ability to compete with other businesses in the NFT market.

    Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

    Built on the Ethereum network, our decentralized exchange technologies tap into the DeFi universe, which holds unprecedented advantages.”

    Eddie Law, Developer at FCC remarks, “The team is looking forward to creating novel smart contracts and a slick user experience, which will enable users with limited crypto experience to take advantage of these carbon offset NFTs as never before possible.”

    For partnership and corporate related inquires, please send an email to: [email protected]

    About First Carbon Corp.

    Based in Toronto, Canada, First Carbon is a technology company that has developed the world’s first decentralized voluntary carbon credit NFT which will be minted on the Polygon, powered by Ethereum and tradeable on global digital platforms based on the blockchain.

    Further, although the Company has attempted to identify factors that could cause actual results, levels of activity, performance or achievements to differ materially from those described in forward-looking statements, there may be other factors that cause results, levels of activity, performance or achievements not to be as anticipated, estimated or intended. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by applicable law, including the securities laws of the United States and Canada.

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