Polygon Launches US$20 Million To Reduce Carbon Emissions

Polygon wants to be an eco-friendly blockchain. (photo: doc. Bybit)

JAKARTA – Polygon (MATIC) through the Polygon Network announced its plans to reduce its carbon footprint in 2022. Polygon said that they pledged 20 million US dollars for their plan to be carbon neutral and become environmentally friendly.

As per the announcement, Polygon noted that it aims to implement a multi-layered strategy targeted at creating a sustainable future for its ecosystem, the crypto industry, and the planet at large.

Polygon also launched the “Green Manifesto: Smart Contract with Planet Earth”, which emphasized the need for green practices to promote the Web3 ethos.

Therefore to be carbon neutral, the project intends to track every generated NFT, token bridge, or DeFi trade made on its ecosystem and its reduced environmental impact. Polygon's long-term goal is to be the first eco-friendly blockchain.

Polygon has pledged US$20 million to support several climate-positive initiatives and improve the carbon status of ecosystems. It intends to fund blockchain projects to create innovative solutions that combat climate change.

By providing this support, Polygon ensures that every project built on its ecosystem maintains environmentally friendly practices.

“Through our sustainability commitments and community-based efforts, we are able to successfully tackle social change, avoid the worst impacts of climate change, and meet the sustainable development goals set by the United Nations,” said Polygon (MATIC) founder Sandeep Nailwal.

“Together with Polygon, the wider blockchain industry needs to form a united front to fund, support, and leverage technologies that help heal the earth, rather than destroy it,” Nailwal added.