OKX Ventures Joins Ethereum Climate Platform As a Launch Partner to Advance Sustainability in Web3

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SINGAPORE, Dec. 6, 2023 /PRNewswire/ -- OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, today announced that it has joined the Ethereum Climate Platform (ECP) as a launch partner, underscoring its commitment to sustainability and decarbonization in the Web3 ecosystem.

The ECP is an innovative platform created after the transformative Ethereum Merge, leveraging the best of Web3 and traditional climate finance, technology, structures, and services. The platform is designed to galvanize climate solutions with Web3 innovation and address Ethereum's carbon emissions since its launch in 2015.

OKX Ventures, with the support of the OKX Web3 team, joined a coalition of companies dedicated to expediting decarbonization and amplifying climate action through the deployment of cutting-edge technology and the cultivation of digital environmental assets. These are instrumental in reducing greenhouse gas emissions and fostering enduring environmental and societal benefits. OKX's rigorous approach to "proof of reserves" demonstrates a commitment to the unique properties of blockchains as a tool to track and validate critical metrics, a principle that is also essential for effective climate investment.

Facilitated by Consensys and climate tech firm Allinfra, other launch partners of the ECP include industry leaders like Microsoft, Polygon and NEAR Foundation.

OKX Ventures Partner Jeff Ren said: "As an active member of The Nature Conservancy, I'm thrilled that the OKX Ventures and OKX Web3 teams are collaborating with the Ethereum Climate Platform. This partnership underscores our shared commitment to integrating social responsibility and environmental stewardship into Web3 systems globally. We embrace this opportunity and responsibility to pioneer sustainable blockchain innovation to create lasting value for both people and the planet."

ECP Executive Director Anna Lerner said: "Through this partnership, the OKX Ventures and Web3 teams are demonstrating their leadership in sustainable innovation across Web3. Its partnership with the Ethereum Climate Platform and support of Gitcoin demonstrate a dedication to ESG principles, open-source collaboration and community support. This partnership also signals a new era of eco-conscious blockchain advancement."

OKX Ventures' participation in the ECP sets a new standard for environmentally conscious blockchain advancement in the Web3 space. It is also an important step toward its vision of an open, equitable and sustainable future of Web3.

About OKX Ventures

OKX Ventures is the investment arm of the leading crypto exchange and Web3 technology company OKX. It focuses on exploring the best blockchain projects globally, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.

Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.

Find out more about OKX Ventures here.

About OKX

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:

• OKX Wallet: The world's most powerful, secure and versatile crypto wallet which gives users access to over 70 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, 'written down' seed phrases. In addition, OKX Wallet's account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.
• DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.
• NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.

OKX partners with a number of the world's top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.

To learn more about OKX, download our app or visit: okx.com

About ECP

Inspired by the Ethereum Merge, a group of technology companies—aligned around the mission of accelerating decarbonization and scaling climate action—the ECP was founded to accelerate climate action at scale by funding high-quality carbon mitigation projects and accelerating Paris-aligned climate investments. The platform is also committed to redressing and counteracting the historical Ethereum-based carbon footprint, dating back to the network's launch in 2015, and accelerating the ECP launch partners' own decarbonization strategies.

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SOURCE OKX Ventures