Metasphere Labs announced a new carbon credit protocol tailored for grid-scale batteries, aiming to decarbonize the electricity grid. This initiative will allow these batteries to generate carbon credits by optimizing their operations, making them economically viable.
The protocol is set to be submitted to the Pure Sky Carbon credit registry, using smart contracts for transparent carbon accounting. The company plans to unveil the protocol at the Mobile World Congress Americas 2024.
This project is part of a broader mission to measure the carbon footprint of data centers and internet infrastructure. It involves Virtual Power Plants (VPPs) to enhance the operational efficiency and sustainability of data centers through aggregated battery systems.
Metasphere emphasizes the importance of collaboration with various stakeholders in the energy and technology sectors to support the global transition to a low-carbon economy.
Metasphere Labs, formerly Looking Glass Labs, announces significant sector advancements impacting tokenized and carbon assets. The U.S. SEC's recent directive for exchanges to refine ether ETF applications has spurred an 18% rise in ether prices. Additionally, BlackRock's BUIDL fund, now the largest tokenized treasury fund at $375 million, has captured 30% of this $1.3 billion market.
Metasphere is advancing in tokenized assets, with a focus on carbon credits. Their partnership with Pure Sky Registry aims to deliver a blockchain-integrated carbon credit registry by July 1, 2024. CEO Natasha Ingram highlights the industry's growing acceptance of digital and carbon assets, positioning Metasphere to create substantial stakeholder value.
Metasphere Labs, formerly Looking Glass Labs, announced its participation in Consensus 2024. The company will unveil its decentralized identity and domain name system, leveraging Bitcoin blockchain for enhanced online security. Additionally, Metasphere revealed a carbon aware routing protocol aimed at reducing the Internet's carbon footprint by prioritizing environmentally friendly data routes. This initiative will offer real-time analytics for better carbon emission management. The protocol will be presented at Mobile World Congress Americas and is set for submission to the Internet Engineering Task Force. Metasphere emphasizes its commitment to digital identity innovation and environmental sustainability.
Metasphere Labs and Pure Sky Registry have partnered to integrate blockchain technology into carbon credit management. Following an MOU dated March 27, 2024, Metasphere will develop a Minimum Viable Product (MVP) to integrate Pure Sky's carbon credit registry and DAO operations. This initiative aims to enhance the transparency, security, and efficiency of carbon credit transactions, contributing to global sustainability efforts. The MVP is expected to be delivered by July 1, 2024. Industry leaders like Larry Fink of BlackRock see tokenization as a transformative opportunity in the carbon economy.