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How Carbon Credits Can Finance Climate Action
Team Ripple Feb 22, 2023
February 23, 2023
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Ripple is committed to a sustainable future and acting on it every day by reducing the company’s carbon footprint and reaching net-zero carbon emissions by 2030 or sooner. Ripple’s finance solutions leverage the XRP Ledger—a fast, low-energy, and carbon-neutral public blockchain. And because innovative technology can play a catalytic role in successfully addressing some of the world’s biggest challenges, such as climate change, Ripple supports companies building the infrastructure to scale equitable climate finance, and invests in innovative carbon removal projects. 

Since the $100m commitment announced last May, Ripple has made a significant move towards supporting high-impact carbon removal projects. Most notably, by pre-purchasing carbon credits from BC Biocarbon and CarbonCure in 2022—representing the future removal of close to 120,000 metric tons of CO2. Deploying capital through investments in carbon removal projects provides these promising technology companies an ability to launch additional projects in new regions, accelerating deployment of their methodologies while removing higher quantities of carbon from the atmosphere on a more aggressive timeline. The high-impact carbon credits resulting from these investments are expected to be delivered over the next five to seven years

“This investment will accelerate CarbonCure’s active scaling and help us achieve our mission to reach 500 million metric tons of annual CO₂ reduction and removal by 2030—equivalent to removing 100 million cars from the road each year,” commented CarbonCure Technologies Founder and CEO Rob Niven.

While the effects of carbon emissions on the environment are well documented, the pace of global reductions is not fast enough to limit the temperature rise to 1.5 degrees celsius, as outlined in the revised Paris Agreement. Without action to both drastically reduce existing emissions and sequester carbon, the world will continue to experience rising sea levels, melting polar ice, more frequent and severe weather events, and countless instances of climate migration. In addition to drastic emission-reduction efforts, existing carbon sinks need to be protected and billions of tons of carbon dioxide need to be removed from the atmosphere.

Carbon removal is emerging as a vital tool in the multi-front battle against climate change. Scientists, engineers and entrepreneurs are working relentlessly to develop and deploy technologies that can meaningfully  reduce greenhouse gasses. However, the ability for such projects to quickly receive the necessary capital to scale production and lower costs is prevented by burdensome administrative processes and verification delays. Pre-purchase agreements represent an effective way to support the growth and development of breakthrough scalable technologies and carbon removal companies.  

BCB’s biochar and CarbonCure’s injection into concrete applications have both emerged as powerful new methodologies for scalable carbon removal with high permanence. These approaches also create value added benefits, such as biodiversity and greener, more durable construction materials.

For instance, when biochar is added to soil, it not only helps to improve soil fertility—allowing crops and biodiversity to flourish—but can sequester thousands of tons of CO2 each year. Reskilling labor plays a role here, as biorefineries leverage similar processes and employee skill sets to those of fossil fuel production, making it an economically promising alternative energy solution that is well within reach.  

“Biochar is one of the most innovative and promising carbon removal methodologies we have to mitigate climate change because it not only removes and sequesters large amounts of CO2, but also delivers a powerful array of ecological benefits,” says Ken Weber, VP of Social Impact and Sustainability at  Ripple. 

The industrial sector is also seeing a green makeover with innovative options to produce cement and concrete—significant contributors to greenhouse gas emissions that release 8% of global CO₂ emissions annually. Concrete has massive potential to lock away carbon, and CarbonCure is one of the leaders of development in this space

With hundreds of systems operating around the world, CarbonCure injects captured CO₂ into fresh concrete, where it is immediately mineralized and permanently locked away, reducing the amount of cement needed in each mix and lowering the concrete’s carbon footprint. 

Coming Together to Combat Climate Change

By capturing and storing carbon dioxide, these technologies can help to reduce the amount of carbon in the atmosphere and mitigate the effects of rising temperatures and severe weather events. As the world continues to grapple with the effects of climate change, it is important to support the development of these and other promising technologies that can help  to reduce the overall carbon footprint and protect the planet for future generations. 

Learn more about Ripple’s impact strategy.

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Pyth Network DAO

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Looking ahead to Phase 3: Total market coverage.

→ 200–300 new symbols added each month
→ 3K+ by year-end, 10K+ in 2026
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Pyth will become the most comprehensive financial data layer in the world.

https://x.com/PythNetwork/status/1963255788698484942

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The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.

This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.

The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

This is the cycle of the great onboarding. The distinction between "Web2" and "Web3" is rapidly becoming obsolete. When government data, institutional flows, and grassroots builders all operate on the same decentralized rails, we are simply talking about the internet—a new iteration, yes, but the internet nonetheless: an immutable internet where data is not only published but also verified and distributed in real-time.

Pyth Network stands as tangible proof that this technology serves a vital purpose. It demonstrates that the industry has moved beyond abstract "crypto tech" to offering solutions that address real-world needs and are now actively sought after and understood by traditional entities. Most importantly, it proves that Web3 is no longer seeking permission; it has received the highest validation a system can receive—the trust of governments and markets alike.

This is not merely a fleeting trend; it's a crowning moment in global adoption. The U.S. government has just validated what many in the Web3 space have been building towards for years: that Web3 is not a sideshow, but a foundational layer for the future. The current cycle will be remembered as the moment the world definitively crossed this threshold, marking the last great opportunity to truly say, "we were early."

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US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, “The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.”

The data includes Real GDP and the PCE Price Index, which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data 👉will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

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List Of Cardano Wallets

Well-known and actively maintained wallets supporting the Cardano Blockchain are EternlTyphonVesprYoroiLaceADAliteNuFiDaedalusGeroLodeWalletCoin WalletADAWalletAtomicGem WalletTrust and Exodus.

Note that in case of issues, usually only queries relating to official wallets can be answered in Cardano groups across telegram/forum. You may need to consult with specific wallet support teams for third party wallets.

Tips

  • Its is important to ensure that you're in sole control of your wallet keys, and that the keys used can be restored via alternate wallet providers if a particular one is non-functional. Hence, put extra attention to Non-Custodial and Compatibility fields.
  • The score column below is strictly a count of checks against each feature listed, the impact of specific feature (and thus, score) is up to reader's descretion.
  • The table represents current state on mainnet network, any future roadmap activities are out-of-scope.
  • Info on individual fields can be found towards the end of the page.
  • Any field that shows partial support (eg: open-source field) does not score the point for that field.

Brief info on fields above

  • Non-Custodial: are wallets where payment as well as stake keys are not shared/reused by wallet provider, and funds can be transparently verified on explorer
  • Compatibility: If the wallet mnemonics/keys can easily (for non-technical user) be used outside of specific wallet provider in major other wallets
  • Stake Control: Freedom to elect stake pool for user to delegate to (in user-friendly way)
  • Transparent Support: Easy approachability of a public interactive - eg: discord/telegram - group (with non-anonymous users) who can help out with support. Twitter/Email supports do not count for a check
  • Voting: Ability to participate in Catalyst voting process
  • Hardware Wallet: Integration with atleast Ledger Nano device
  • Native Assets: Ability to view native assets that belong to wallet
  • dApp Integration: Ability to interact with dApps
  • Stability: represents whether there have been large number of users reporting missing tokens/balance due to wallet backend being out of sync
  • Testnets Support: Ability to easily (for end-user) open wallets in atleast one of the cardano testnet networks
  • Custom Backend Support: Ability to elect a custom backend URL for selecting alternate way to submit transactions transactions created on client machines
  • Single/Multi Address Mode: Ability to use/import Single as well as Multiple Address modes for a wallet
  • Mobile App: Availability on atleast one of the popular mobile platforms
  • Desktop (app,extension,web): Ways to open wallet app on desktop PCs
  • Open Source: Whether the complete wallet (all components) are open source and can be run independently.

Source

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💳 PayPal: 
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XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

 

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