SIT is the world's first blockchain-based algae biomass project offering. The project will be built utilising patented sustainable technology to deliver a pioneering green investment opportunity.
Carbon credits generated by biomass projects will be tokenized as Algaecoin.
LONDON, July 1, 2022 /PRNewswire/ -- The world's first blockchain-based algae biomass project, built on the energy-efficient Tezos blockchain, was announced today by leading capital markets technology firm, Globacap. Developed and operated by Sustainable Impact Token (SIT), the project will support the development, construction, and operation of algae biomass farms. The initiative will use blockchain technology to bridge the gap between two of the fastest growing investor markets in the world – asset-backed finance and crypto.
SIT's algae biomass farms produce high quality, non-animal protein, based on a system powered exclusively using renewable energy. These algae farms are absorbing large amounts of carbon out...
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