OKX Ventures has become the first batch of partners of the "Ethereum Climate Platform" to promote the sustainable development of the Web3 industry.

Singapore, December 6, 2023 - OKX Ventures, the investment arm of the world's leading cryptocurrency exchange and Web3 technology company OKX, announced that it has officially become one of the first partners of the Ethereum Climate Platform (ECP), committed to achieving sustainable development and carbon reduction in the Web3 ecosystem.

ECP is an innovative platform that combines the advantages of Web3 and traditional climate financing, technology, structure, and service cores. It aims to incentivize the industry to seek climate solutions through Web3 technology innovation and reduce the carbon emissions caused by Ethereum since its launch in 2015 after the Ethereum merge.

With the support of the OKX Web3 team, OKX Ventures is committed to accelerating decarbonization and enhancing climate action through the adoption of cutting-edge technology and the establishment of environmental conservation digital assets. These measures are crucial for reducing greenhouse gas emissions and promoting sustainable environmental development and social benefits. OKX's strict reserve proof confirms its determination to make good use of memory blockchain technology, whose unique properties make it an ideal tool for recording and verifying key indicator data, which is equally important for effective climate investment.

ECP is co-hosted by Consensys and climate technology company Allinfra. In addition to OKX Ventures, other initial partners include industry leaders such as Microsoft, Polygon, and NEAR Foundation.

OKX Ventures partner Jeff Ren said: "As an active member of the Nature Conservancy, I am very excited about the collaboration between OKX Ventures, OKX Web3 team and the Ethereum Climate Platform. This collaboration emphasizes our joint commitment to integrating social responsibility and environmental management into the global Web3 system. We will seize this opportunity and take responsibility, leading sustainable memory blockchain innovation and creating lasting value for humanity and the earth."

ECP Executive Director Anna Lerner said: "Through this collaboration, OKX Ventures and the Web3 team have demonstrated their leadership in sustainable innovation in Web3. In addition, their collaboration with the Ethereum Climate Platform and support for Gitcoin also reflects their dedication to environmental, social, and governance (ESG) principles, open collaboration, and community support. This collaboration marks a new era for environmentally friendly blockchain development."

Participating in ECP has set a new standard for OKX Ventures in the Web3 field, promoting the development of environmentally conscious memory blockchains and taking an important step towards a more open, fair, and sustainable future vision for Web3.

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