Singapore, December 6, 2023 - OKX Ventures, the investment arm of the leading crypto asset exchange and Web3 technology company OKX, announced that it has officially become the first partner of the Ethereum Climate Platform (ECP), committed to realizing the realization of the Web3 ecosystem. Sustainability and carbon reduction commitments.

ECP is an innovative platform that combines the core advantages of Web3 and traditional climate financing, technology, structure and services after the merger of Ethereum. It aims to inspire the industry to seek climate solutions with Web3 technological innovation and alleviate the problems caused by Ethereum since its launch in 2015. of carbon emissions.

With the support of the OKX Web3 team, OKX Ventures will work with a group of alliance companies to accelerate decarbonization and enhance climate action by adopting cutting-edge technologies and building environmentally friendly digital assets. These measures are important to reduce greenhouse gas emissions and help promote sustainable environmental development and social benefits. The unique properties of blockchain make it an ideal tool for recording and verifying data on key indicators, which is also critical for effective climate investment.

The ECP is co-hosted by Consensys and climate technology company Allinfra. In addition to OKX Ventures, other first partners include industry leaders such as Microsoft, Polygon, and the NEAR Foundation.

Jeff Ren, Partner at OKX Ventures, said: “As an active member of The Nature Conservancy, I am very excited about the collaboration between OKX Ventures and the OKX Web3 team with the Ethereum Climate Platform. This collaboration underscores our integration of social responsibility and environmental stewardship into global Web3 A shared commitment to the system. We will seize this opportunity and take responsibility to lead sustainable blockchain innovation and create lasting value for humanity and the planet.

Anna Lerner, Executive Director of ECP, said: “Through this partnership, OKX Ventures and the Web3 team demonstrate leadership in sustainable innovation for Web3. In addition, their partnership with the Ethereum Climate Platform and support for Gitcoin also demonstrate their commitment to the environment. , social and governance (ESG) principles, open source collaboration and dedication to community support, this collaboration marks a new era in environmentally friendly blockchain development.”

Participating in the ECP allows OKX Ventures to set a new standard in the Web3 space, promote environmentally conscious development of blockchain, and take an important step towards the vision of a more open, fair and sustainable future of Web3.