The record ESG-aligned tokenization efforts will prevent emissions that are about 105 times the yearly CO₂ emissions of Iceland. Wealth tokenization platform Arx Veritas and tokenization infrastructure firm Blubird are using blockchain technology to prevent nearly 400 million tons of CO₂ emissions, marking a record for the digital asset tokenization industry. The two firms have tokenized $32 billion worth of Emission Reduction Assets (ERAs) on Blubird’s Redbelly Network, aiming to set a “new standard” for the financing and tracking of sustainability efforts. The tokenized assets include capped oil wells and coal mines, representing over 394 million tons of prevented CO₂ emissions, marking the largest tokenization effort aligned with the Environmental, Social, and Governance (ESG) framework. Read more
The Sandbox co-founders, Arthur Madrid and Sebastien Borget, have transitioned to new strategic roles amid an ongoing business optimization, Borget told Cointelegraph. The Sandbox, a metaverse-focused subsidiary of Hong Kong-based Web3 firm Animoca Brands, is restructuring its operations, with its co-founders moving into new strategic roles. Co-founders Arthur Madrid and Sebastien Borget have transitioned as part of ongoing business optimization at The Sandbox, Borget told Cointelegraph on Thursday. Co-founder Madrid moved from CEO to chairman, while Borget takes on the role of global ambassador, representing The Sandbox at industry events worldwide. Read more