Recently, distributed ledger business Hedera Hashgraph launched the Sustainable Impact Fund (SIF), a non-profit philanthropic arm that aims to support the development of climate-friendly solutions inside the Hedera ecosystem.
An open-source blockchain business named DOVU, based in Wales will get $100 million funding to continue developing publicly accessible tools, such as their audit trail, to validate carbon offset data.
Dovu’s carbon-focused market capitalization platform, a supporter of the crypto climate agreement, tracks and openly publishes their carbon debt based on transaction outputs and proposes token prohibition measures through investments in Dovu’s original property.
Based on their website’s data metrics, the HBAR Foundation has granted approx $32 million to 19 initiatives in four different industries. Some of the areas covered by this fund include payments and financial technology (Fintech), Cryptography, the Metaverse, and the newly introduced Sustainable Impact Fund.
The @HBAR_foundation launched a $100 million fund for sustainable ventures on Thursday. @dovuofficial, a #Hedera-powered “trust layer” for carbon offset integrity, will be the first project to receive a grant from the fund. Read more by @CoinDesk here: https://t.co/m30lAq7Les— Hedera (@hedera) March 11, 2022
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