Tag: Ocean

Polygon Partners with NGO OCEEF for Ocean Conservation Initiatives

by Blockchain News

On Thursday, decentralized Ethereum scaling platform, Polygon announced it would join forces with the Ocean Conservation Exploration and Education Foundation (OCEEF) to advance ocean literacy by finding new ways to give people exposure to deep-sea missions.

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According to Polygon, this partnership aims to offer interactive experiences through a governance platform where participants can help make key decisions surrounding the RV Odyssey, one of the most advanced ocean research vessels around the globe. 

Polygon tweeted: 

“A new wave in ocean conservation @oceef_, a world-class ocean conservation NGO, is working with #Polygon towards a next-gen ocean conservation initiative. The aim is to offer interactive experiences via a governance platform where participants can assist in key decisions.” 

“Participants will be able to explore all of the ship’s facilities and real-time data via immersive, interactive experiences in the Metaverse.” Said Polygon in the announcement. 

In addition, Polygon further stated this product would be supported by purchasing NFTs, and Polygon’s distributed governance platform will help OCEEF increase engagement.

Using Metaverse and other Web3 tools, Polygon is said to help democratize access to RV Odyssey. With this, participants can decide the vessel’s future itinerary, research, and even engage in the missions on board.

“Using our Polygon partnership and its carbon-neutral tech as a launchpad, we will be using technology to democratize access to the vessel through multiple Web3 platforms as well as provide participants with the ability to help decide the vessel’s future itinerary and research,” said OCEEF Founder Alex Moukas at the Green Blockchain Summit 2.0 hosted by Polygon.

Furthermore, OCEEF will allow participants to assist in decisions, including missions, participation, and locations. Co-founder of Polygon, Sandeep Nailwal, spoke concerning this topic, saying: 

“Being able to facilitate a global endeavour such as the one that OCEEF is undertaking is very humbling. I know that our technology is up to the task of bringing these types of immersive, educational, and change-making experiences to people all over the globe.”

In April, Polygon’s core team announced its commitment to transforming into carbon-negative by the end of the year and pledging $20 million to climate-related projects. Since then, Polygon has achieved carbon-neutral status, eliminating 104,794 tonnes of greenhouse gasses, more than the entirety of the network’s CO2 debt since inception.

Image source: Shutterstock

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Dubai-Based Startup to Raise $1.2M NFT Fund to Clean Up Ocean Plastics Globally

by Blockchain News

Oceans & Us announced on Sunday that it plans to raise $1.2 million in funding to clean up oceans worldwide. The Dubai based non-profit organization wants to raise funds by selling 10,000 generative non-fungible tokens (NFTs) and launching a new cryptocurrency.

The green startup plans to launch its token as a way to raise funds by crowdsourcing.

The company seeks to partner with 100 brands across the UAE and the Middle East with a sustainable product or solution. Whoever buys or owns the NFT would have discounts or benefits with these firms.

The aim of the company is to raise awareness and funds to build boats that clean up the oceans.

Oceans & Us has progressed in talks to partner with various firms including the team behind the Qatar World Cup, the top UAE-based retailer Landmark Group, coffee brands that already have a mission to promote green practices, solar home solutions companies, and sustainable fashion brands, among others.

The startup said that it is closely working with Marakeb Technologies, a major tech firm based in the United Arab Emirates, to design autonomous, self-driven boats powered by AI that will clear plastic from oceans and rivers.

Marakeb Technologies is 30% owned by the Abu Dhabi government. The launch of the AI self-driven boats is scheduled to take place in July this year.

Joel Michael, the founder of Oceans & Us, talked about the development and said that the partnership is mainly to bring together the community and bring art as a means of communication.

The executive stated: “Sustainability is an ecosystem, and NFTs work as a gateway. Buying an NFT enables people to invest and participate in a hands-on way. The idea is for all of this to sit on the blockchain that is transparent so every single dollar invested can be seen clearly where it goes.”

“The biggest thing we want to solve is transporting plastic we collect back to land so it can be repurposed.” Michael elaborated further.

He disclosed that since the government supports such initiatives, firms in the private markets are seen joining hands. Michael said: “We have seen tremendous support from the UAE and think it’s the epicentre of sustainability in the region.”

Blockchain Paving the Way

The concept of blockchain was born out of the need to create something that was decentralized, immutable, transparent, and completely secure. Such characteristics echo what people look for when they hear the term “social good.”

This explains the reason why many firms are now looking at how they can use this technology to improve themselves while also helping others at the same time.

Overfishing and pollution have adversely affected marine biodiversity, while climate change threatens to increase the severity of diseases, storms, and other impacts.

Oceans & Us is working with various partners to develop and scale blockchain projects to rid millions of tons of plastic that enter the world’s oceans.

By supporting the firm, consumers help it progress towards its goal of cleaning up 90% of floating ocean plastic pollution.

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Polkadot integration sparks rallies in REN, OCEAN and CELR price

by Cointelegraph

Polkadot (DOT) has emerged as one of the top-choice blockchain networks over the past year thanks to its focus on facilitating interoperability between separate networks, especially Ethereum (ETH). 

As a result of Polkadot’s rise to prominence, projects that have embraced the concept of interoperability and joined the Polkadot ecosystem have seen a boost in their token prices over the past few months.

Ren (REN), Ocean Protocol (OCEAN) and the Celer Network (CELR) are three such projects that have led the way in facilitating cross-chain interoperability between networks, resulting in healthy increases to the number of active token holders and each project’s trading volume. 

REN/USDT

Ren is an open blockchain protocol that was specifically designed to provide interoperability and liquidity between a large number of separate blockchains, including Ethereum, Bitcoin (BTC) and Polkadot.

Collaboration with the Polkadot network began back in July 2020, when it was announced that Ren would partner with the Acala network (ACA) to help bring Bitcoin to the DOT ecosystem.

REN/USDT 4-hour chart. Source: TradingView

At the time of the announcement, REN was trading at an average price of $0.15 and has since surged to a high of $1.80 on Feb. 20 as further integrations with other blockchains like Dogecoin and Digibyte have helped propel the price of REN higher.

OCEAN/USDT

Ocean protocol is a blockchain-based ecosystem that helps users unlock the value of data and monetize it through the creation of data tokens, which wrap data sets and allow third-parties to perform operations utilizing the data in a secure manner.

This enables publishers to monetize their data while preserving privacy and control. The network also gives consumers an easier way to access previously unavailable data.

Discussions of Ocean building on top of Polkadot began back in July of 2020 and the first confirmed integration came on Jan. 25, 2021, when Ocean announced that it was partnering with the Polkadot-based Moonbeam network (GLMR) to allow users of the Polkadot ecosystem to publish, stake, and buy data.

OCEAN/USDT 4-hour chart. Source: TradingView

Over the following months, new partnerships and cross-chain announcements were revealed and OCEAN proceeded to rally 250% to a new all-time high at $1.69 on March 7.

CELR/USDT

Celer Network is a layer 2 scaling platform designed to “bring interactive, secure and low-cost applications to every blockchain” according to the project’s website. The goal of the platform is to enable users to build, operate and use scalable DApps “through innovations in off-chain scaling techniques and incentive-aligned crypto-economics.”

CELR’s integration with the Polkadot ecosystem was announced on Jan. 19 when the project released its state channel substrate model which supports layer-2 scaling and instant payments on Polkadot.

CELR/USDT 4-hour chart. Source: TradingView

Since that time, the price of CELR has increased 240% from a low of $0.019 on Jan. 19 to an all-time high of $0.067 on March 15 as layer-2 solutions continue to gain traction for offering alternatives to high transaction costs on Ethereum.

As the cryptocurrency bull market continues to develop and the Ethereum network struggles with congestion and high fees, Polkadot-related projects that offer cross-chain solutions and venture into the realms of decentralized finance and NFTs are well-positioned to see further adoption and price appreciation.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.