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The post Polygon Launches the first CCS Web3 Project, but the MATIC Price Remains a Challenge appeared first on Coinpedia Fintech News
One of the most popular layer-2 chains on Ethereum, Polygon is heading to become the leader of the Web3 space. For the first time in its history, the platform is all set to roll out an officially verified carbon standard, the Coorest Carbon Standard (CCS), called the Coorest. In a recent update, Polygon announced its collaboration with Coorest to bring sustainability into the Web3 space.
The COOREST project is a new standard and methodology for carbon compensation based on blockchain technology and geospatial satellite data. The CSS is certified by a United Nations auditor, which makes it a legitimate carbon compensation method. Polygon is not only carbon neutral but also intends to strengthen the Web3 space.
Coorest removes the intermediaries and allows everyone with an internet connection to compensate for their carbon footprint. Hence, the creation of an on-chain alternative to the conventional carbon offset market will help Web3 projects achieve carbon neutrality.
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