Polygon, a layer 2 sensation, will take a proactive stand in the topic since many governments stall their feet when it comes to environmental stability. As a result, it has set aside a sizable $20 million war chest to ensure carbon negative on its platform.
The “Green Manifesto: A Smart Contract with Planet Earth” was just unveiled by Polygon. A commendable effort to take responsibility for the energy utilized on its blockchain. KlimaDAO, a decentralized climate activist organization, will assist them along the way by conducting an in-depth analysis to assess the environmental impact of every single transaction on the network. They will then work with Offsetra to develop true, on-chain solutions to the situation at hand.
Polygon has also commissioned a second audit of its emissions to guarantee the accuracy of its data. As a result, the Crypto Carbon Rating Institute will undertake its own investigation and report its findings to Polygon. As a result, those who use the platform will have greater peace of mind.
Polygon has purchased $400k in carbon credits as part of the endeavor to offset its own emissions. However, it will utilize the $20 million in the future to fund ecologically friendly practices inside WEB3. As a result, ensuring that every project developed on the network is environmentally sound.