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We analyse all countries and territories, every region in the 25 largest emitting countries and all cities with 500,000+ inhabitants.
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.Net Zero Tracker
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WEF Launches Crypto Sustainability Coalition to Leverage Web3 Technologies in Climate Change Battle
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The World Economic Forum (WEF) has launched the Crypto Sustainability Coalition, an initiative dedicated to assessing the role of Web3 technologies in the fight against climate change. The organization, which is composed of 30 companies, educative groups, and other institutions, will research the impact of the energy consumption of these technologies, and how they can be used to aid the current decarbonization efforts.
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WEF to Use Web3 to Fight Climate Change
Web3, a term that groups cryptocurrency and blockchain-based technologies, is currently in the spotlight of energy groups that seek to determine if the use of these technologies is pernicious for the environment. The World Economic Forum (WEF) has decided to take these technologies into account, launching an initiative to investigate if they can be useful to the current fight against climate change.
The initiative, which was announced on September 21, is called the Crypto Sustainability Coalition, and it is composed of 30 different companies, educative organizations, and other institutions interested in this issue. Among these are known cryptocurrency-linked projects, like Solana, Avalanche, Circle, NEAR Foundation, Ripple, and the Stellar Development Foundation, among others.
This coalition, as part of the Crypto Impact and Sustainability Accelerator, another bigger initiative launched this same year, will inquire about the different ways in which these companies can organize to help in this endeavor. Brynly Llyr, head of blockchain and digital assets of the World Economic Forum stated:
An important and unique aspect of Web3 is that it uses technology to support and reward direct community engagement and action. This means we can coordinate the work of many individuals directly with one another, enabling collective action without centralized control.
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Different Study Areas and Criticism
This new initiative has already created different workgroups to investigate three key subjects related to crypto, blockchain, and their usage. One of these points has to do with the energy usage of these technologies, and how these can impact the climate and nature in the future.
Another of the key points has to do with how these Web3 technologies can change and be leveraged in order to decarbonize current activities. These applications might include mining and other decentralized activities.
The third subject has to do with standardizing and putting carbon credits in the blockchain, making the issuance and management of these instruments more transparent and trustable, and opening the doors for more people to participate in these markets.
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WEF Launches Crypto Sustainability Coalition to Leverage Web3 Technologies in Climate Change Battle
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PGF7T token info, Green, Web3, Dapps
PGF500 has a token on the Ethereum network, called PGF7T, which you can use to pay for subscriptions and services within the PGF500 platform.
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You will need to have Metamask to pay with PGF7T token.
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We have chosen to adopt blockchain technology for the launch of 2 innovative decentralized Dapps.
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We believe in Web3 and in the strength of communities.
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The token is on the Ethereum smart contract 0x9fadea1aff842d407893e21dbd0e2017b4c287b6 ,
and the code is public at https://etherscan.io/address/0x9fadea1aff842d407893e21dbd0e2017b4c287b6#code
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QuickSwap smart contract:
0xdd0fDc648a9dbC9be5A735FE4561893a13399Da2
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🔴 It is possible to buy and sell PGF7T tokens on Uniswap and QuickSwap Exchanges.
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PGF7T token will be listed on other Exchanges soon.
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Price: PGF7T
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..Our NFTs
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Enjoy the Journey 🚀
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PGF500 Team
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~~~
Web3 tech can be used to fight climate change. Here is how | World Economic Forum
How Web3 could help tackle climate change using regenerative finance – or ‘ReFi’
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The global fight against climate change is above all a coordination problem, with investment and policies not being allocated in the most efficient way possible.
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Decentralized Web3 technologies could improve coordination around tackling climate change because they use local knowledge and actors to guide policies and put funding where it’s needed.
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The World Economic Forum has launched the Crypto Sustainability Coalition, dedicated to spotlighting real-life use cases for Web3 technologies.
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Climate change is a global coordination problem. The system has failed to coordinate effective policies and capital investment into the commitments necessary to address the most pressing threat to humanity.
To avoid greater loss of life, biodiversity and infrastructure, accelerated action and ambitious climate policies are required to adapt to climate change and rapidly reduce emissions.
So far, progress on adaptation is uneven and the chasm between action taken and what is needed to manage the risks is growing. There are several reasons for this: concerns about the compatibility of decarbonization with economic development, the fairness of global burden sharing on climate mitigation and the risks of competitive disadvantage in both domestic and international markets — to name but a few.
Global coordination technologies that can transcend the mass bureaucratization of climate action are urgently needed. This is where Web3 innovation could help.
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Regenerative Finance
Web3, a new iteration of the internet that harnesses blockchain to “decentralize” management, has positioned itself at the heart of the regenerative finance movement, or “ReFi” — a new economic paradigm that operates at the intersection of climate action and Web3 communities.
ReFi is anchored in decentralized finance, or DeFi, and the theory of regenerative economics. DeFi refers to an alternative financial system focused on the democratization of financial goods and services. Regenerative economics focuses on the creation of systems that restore and preserve the physical resources essential for planetary well-being.
Today, ReFi is a call to action, galvanized by the need to address both the failure of traditional markets to account for the negative externalities of carbon emissions, and the inefficient allocation of resources. This is also a call to action for policymakers to provide legislative direction and support for Web3 innovation in applications as an impetus to positive environmental and social outcomes for all, not just the privileged few. Progress on this latter front is making some headway.
Recently, The White House Office of Science and Technology Policy (OSTP) released its long-anticipated report on Climate and Energy Implications of Crypto-Assets in the United States which provided a balanced and nuanced purview into the Administration’s climate priorities, as it relates to the potential of digital assets. President Biden’s Executive Order explicitly stated the nation’s interest in responsible financial innovation, and since then has reiterated the criticality of a discussion of the potential uses of blockchain that could support technologies for monitoring or mitigating climate impacts.
The emergence of Web3 technology, values and ideas inherent to the ReFi movement can mobilize capital to fund the climate crisis solutions currently being researched by the OSTP, and within the time and at the scale required for the United States to fulfill the Paris Climate Accord’s global commitments. As greater interest and research, as well as robust policy, is invested into the ReFi space, the more effective the incentive for individuals and businesses to take care of the planet.
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Using Web3 tech to reverse ecosystem degeneration
Among the most pressing challenges that Web3 could address are deforestation, land degradation and desertification — life-threatening issues causing food insecurity, biodiversity loss, forced displacement of local communities and the acceleration of climate change.
The planet loses upwards of 80,000 acres of tropical rainforest every day — that is the equivalent of approximately 60,000 football fields a day. This impacts endangered species and climate-vulnerable geographies more severely than others. Africa is particularly vulnerable to land degradation and desertification. Desertification affects around 45% of Africa’s land area, with 55% of this area at a high or very high risk of further degradation.
Similarly, indigenous people are also impacted by the degradation of our land, soil and water. And despite there being about 500 million pastoralists in the world, they are often excluded from the land restoration agenda pulled together by mainly those privileged with the resources to adapt to climate change. Indigenous peoples have no alternative resources. Their resource is the land itself.
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The Crypto Sustainability Coalition
The ReFi movement has provided a space for innovators, creatives and advocates to reconceptualize climate action at a pace uninhibited by the bureaucracy and politicization rampant across legacy sustainability systems. Web3 climate tools and services share values inherent to ReFi and are foundational to the scale of global coordination needed to tackle climate change. These values include building cooperatives, democratic ownership within communities, optimizing community benefit, creative sustainability, radical inclusion, non-extraction and intentional restoration.
The World Economic Forum has formed a new initiative — the Crypto Sustainability Coalition — dedicated to these values and aimed at facilitating a balanced, research-driven narrative shift that spotlights the positive externalities and real-life use cases that abound the ReFi space.
The Crypto Sustainability Coalition is focused on how to leverage blockchain tools to achieve positive climate action. The Forum is collaborating with a multi-stakeholder community of purpose to bridge the gap between traditional and emerging sustainability systems, as well as demonstrate evidence-based thought leadership in a multi-chain Web3 world.
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Web3 tech can be used to fight climate change
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Per capita CO₂ emissions, 2020 Carbon dioxide (CO₂) emissions
Per capita CO₂ emissions, 2020 Carbon dioxide (CO₂) emissions from fossil fuels and industry. Land use change is not included
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Interactive version
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Green Stock Exchange Focused On ESG Seeks Path to Wall Street
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Public firms to be required to meet ESG requirements or delist
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GIX is seeking regulatory approval, expects to go live in 2023
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Wall Street may soon see a new stock exchange exclusively for environmentally focused companies amid a boom in demand for sustainable investments.
Green Exchange PBC is seeking regulatory approval to operate an exchange that allows investors to trade equities with a demonstrated commitment to ESG, according to executives. The Green Impact Exchange, GIX, would require public companies to show and stick to their ESG efforts, according to GIX Chief Executive Officer Daniel Labovitz.
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“We are looking at how company’s govern themselves so green thinking isn’t just an afterthought, but threaded through their decision making from the very beginning, part of their core DNA,” Labovitz said in an interview.
Investments with stated environmental, social and governance aims are an increasing area of focus for corporate America as companies and investors look to preserve natural resources across the globe amid mounting political pressure. Some metrics used in determining the investments have been criticized for being hard to quantify, and at times with scant penalty when targets fall short.
GIX will enforce green-listing standards for companies, Labovitz said.
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“If you don’t do what is required you are delisted, which is a reportable, public event,” he said. “If you are not adhering to the standards, there is a penalty.”
Corporations that are registered on other stock exchanges, including Nasdaq Inc. and the New York Stock Exchange, can choose to dual-list. They don’t have to choose one exchange or the other.
Like other major US equities exchanges, the new trading platform will allow investors to buy and sell equities, but only those with a specific ESG focus. GIX is expected to go live in 2023 upon approval with the Securities and Exchange Commission, Labovitz said. Talks with the SEC are underway.
To help define ESG, other companies have added tools for certain investment goals. Last year, the NYSE developed a class of publicly traded assets tied to services that are beneficial to the environment. It also joined with workplace-equity platform Syndio to help measure pay and opportunity gaps.
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Read More: NYSE Adds Pay Equity, Opportunity Tracking Tools Amid ESG Push
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Investors have no shortage of exchange businesses to choose from. Nasdaq, Cboe Global Markets, and Intercontinental Exchange Inc.’s NYSE division each run multiple public exchanges, and there are dozens of private markets that operate inside banks. A new entrant will need sufficient investor interest to guarantee success. Already, with 16 equity exchanges, the competition for volume is fierce.
This would also be the first new exchange to register in the last two years, after MEMX, the Long-Term Stock Exchange and Miax Pearl got approval in 2020, according to filings with the SEC.
GIX’s founders hail from the NYSE, including Labovitz, who was previously in charge of writing regulatory policy, and Louis Pastina, former executive vice president in charge of operations at the exchange. James Buckley, regulation and compliance head at GIX, was former head of compliance at NYSE, according to the firm’s website.
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Ethereum | Merge is coming
Merge 
a historic week
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“”What’s the big deal about the Merge?
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There’s a popular misconception that the Merge helps Ethereum run faster, or reduces gas fees. Not exactly.
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That job is largely left to Layer 2 chains like Arbitrum, Optimism and Starknet that run on top of Ethereum.
The real significance of the Merge lies in the shift in consensus mechanisms.
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The switch from Proof-of-Work (PoW) to Proof-of-Stake (PoS) mechanisms will dramatically decrease the carbon footprint of running the blockchain by ~99.5%.
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MERGE | EVENTS
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This historic moment is lined up with a week full of live and virtual events.
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Here’s a list of digital events that you can attend from anywhere:
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The Eve of the Merge Livestream – Bankless
Wednesday, September 14th @ 5pm EST
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Ethereum Merge Viewing Party – Ethereum Foundation
Wednesday, September 14th @ 11pm EST
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Post-Merge Vibe Sesh with the Ethereum Community – Bankless
Thursday, September 15th @ 9am EST
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Weekly Rollup Merge Recap Livestream – Bankless
Thursday, September 15th @ 12pm EST
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For those at EthBerlin this week, there are some IRL events that you can also attend!
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Here are a couple that we know of:
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The Merge Party – Radicle, Entropy & Friends (RSVP pw: hacktheplanet)
Thursday, September 15th @ 10pm CEST
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Through the DAO Prism – 1kx
Thursday, September 15th @ 3pm CEST
This is going to be a historic week for crypto.””
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https://newsletter.banklesshq.com/…/a-historic-week-in…
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PGF7T crypto info, Web3, Dapps, NFTs
PGF500 has a token on the Ethereum network, called PGF7T, which you can use to pay for subscriptions and services within the PGF500 platform.
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You will need to have Metamask to pay with PGF7T token.
.
We have chosen to adopt blockchain technology for the launch of 2 innovative decentralized Dapps.
.
We believe in Web3 and in the strength of communities.
.
.
.
The token is on the Ethereum smart contract 0x9fadea1aff842d407893e21dbd0e2017b4c287b6 ,
and the code is public at https://etherscan.io/address/0x9fadea1aff842d407893e21dbd0e2017b4c287b6#code
.
QuickSwap smart contract:
0xdd0fDc648a9dbC9be5A735FE4561893a13399Da2
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.
🔴 It is possible to buy and sell PGF7T tokens on Uniswap and QuickSwap Exchanges.
.
PGF7T token will be listed on other Exchanges soon.
.
Price: PGF7T
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..Our NFTs
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Enjoy the Journey 🚀
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PGF500 Team
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~~~
💵 The State of Crypto Fundraising
Fundraising has quickly become one of the most popular topics in the crypto community. In a falling market, the activity of smart money is only increasing. Funds tend to be the first to find promising projects and establish trends. As such, CryptoRank has compiled comprehensive research on recent crypto fundraising activity.
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Key Highlights:
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The market downturn has had an impact on crypto fundraising, but the overall outlook remains positive;
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The number of M&A and debt financing transactions has increased; non-crypto companies are tending to invest in Web3 startups;
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Large investors are launching additional funds;
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Web3 has become the most popular category among investors.
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The State of Fundraising
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The past months have been tough for the crypto market. With all of the troubled projects, frequent exploits, bankruptcies, and negative news in the background (especially in non-crypto media), the crypto market cap is sitting around the $1 trillion mark, while less than a year ago it has almost touched $3 trillion.
The macro picture is looking bad too. Inflation is rising all across the world (except in a few countries), and governments have had to raise rates. Rate hikes have negative effects first and foremost on young companies, which is, essentially, any crypto project.
Indeed, fundraising has followed the trend, and the past months have not been as good as April 2022, when the raised amount and the number of deals reached an all-time high. However, fundraising has not performed as badly as the crypto market as a whole. It is worth noting that fundraising is an early stage investment, and it is difficult to judge the success of an investment after only a few months (sometimes even years). In addition, it is worth noting that many crypto investment funds are multi-profile companies that also might conduct trading activities, which may lead to a poor performance. A great example is Three Arrows Capital, which had an outstanding portfolio of early-stage projects, but went bankrupt due to trading losses and uncovered debt.
What we are seeing today is an evolution from going in blind into investments to a more thorough assessment and risk management of long-term strategies. While raised amounts and number of deals are comparatively lower than what has previously been achieved, this transition to more cautious investments will help the market to grow during the next bull-runs by filling it with high-quality projects with enough money and support from experienced leaders to sustain growth. Investors have realized that Web3 and crypto projects can exist in the non-crypto world and become real money-making businesses.
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As we can see, the number of deals has fallen slightly, with the raised amounts falling significantly, especially in July. This means that funds are not necessarily less active, but they are tending to pick only the best of the best, and choosing to invest more modest amounts. Speaking of August, the picture over the first half of the month does not look promising. Still, we’ve seen a few notable deals including between tier 1 investment funds and promising projects. Additionally, it is worth noting that more and more non-crypto companies are investing in crypto startups despite the market downturn.
As mentioned above, Web3 as a category is dominating among crypto projects that raised funds in 2022. The number of Web3 projects shows that it is one of the most sought-after startup categories . Investors are seeking such projects since Web3 is on the verge of mass adoption.
Blockchain infrastructure and centralized finance, on the other hand, have raised the highest amounts of $8.79 billion and $8.44 billion respectively. Many prospective blockchains are raising significant amounts, but more on that later. While a core part of crypto is its “decentralization”, it also relies heavily on centralized organizations. First of all, these are exchanges and trading platforms, which help to explore new markets and bring new users to crypto. In essence, centralized finance is crucial to mass adoption by institutions.
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A total of $30 billion has been raised from 1412 deals so far in 2022 . The number of deals and totals may be higher due to undisclosed amounts of investment from private investors. Yet still, it perfectly describes the current state. In one of our recent posts (https://t.me/CryptoRankNews/7239) we provided a breakdown of monthly fundraising volumes by categories over the year. The data shows that NFT was raising higher amounts during the period from the end of 2021 — beginning of 2022, while Web3’s raises significantly accelerated in this year’s second quarter.
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Crypto VCs are the New Gurus of the Bear Market
Crypto investment funds are the trendsetters. At a time when it is difficult to find good investment opportunities on the public market, large funds are regularly discovering new projects at early stages. Investment managers have become new gurus for the selection of promising cryptocurrency projects, creating new trends in the industry. Tracking their portfolios might be extremely useful for those who want to find early-stage prospective projects and potential airdrop or whitelist opportunities.
Despite the fact that the main goal of cooperation between a project and the VC remains funding, priorities are changing. As mentioned above, the behavior of funds has changed from extensive portfolio expansion to the selection of better projects to support development. This guidance is also important for projects that intend to develop a complete product, as such,interaction between funds and projects has expanded to help in organizing processes, finding employees, and other areas of growth.
Now, in addition to traditionally governed investment funds, decentralized autonomous organizations has become a new trend for running investment funds. Some of them are showing as good as performance as tier 1–2 VC funds, however, they often come across some pitfalls.
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Gaming Guilds stand out as a DAO category, they primarily invest in GameFi projects. Some of them are struggling due to market downturn. The is exasperated by that fact that in-game assets (NFTs, utility tokens) may lose their value much faster than the broader market due to changes in in-game mechanics or play to earn rewards. For example, the token of one of the most popular blockchain games, Axie Infinity, has lost over 90% of its value since its ATH in November 2021. The same goes for their NFTs, which are required to play the game and earn rewards. However, the GameFi industry is quickly developing, and many guilds have already made confident bets on upcoming projects, which may even overtake established leaders as Axie Infinity.
Recently, several major VCs have announced the launch of new high-volume funds. Of note, Sequoia Capital has launched three region-specific funds (China, India, and Southeast Asia) totalling $11.85 billion.
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On CryptoRank.io you can track performance of over 250 major crypto investment funds, including their publicly traded assets and upcoming projects.
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Notable Venture Deals
There were plenty of venture deals in 2022 that are worth attention and analysis. We are half way through 2022 and it has already became the most important year for crypto fundraising, despite the market downturn. Arguably the most important fundraising event over the past 30 days was the Series A investment round of Aptos, led by FTX Ventures and Jump Crypto.
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Overall, projects are raising lower amounts and valuations are tending to be lower. Nevertheless, many companies are still coming out with new record valuations. Note that the valuations do not appear by coincidence. They reflect future cash flows, and for such significant values, it must be really impressive profits or growth rates. This once again underlines that the crypto industry can make a profit no worse than traditional finance.
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It is worth mentioning Animoca Brands, which recently raised $75 million with a $5.9 billion valuation. Animoca has an outstanding portfolio and is one of the most active investors today. This is a great example of how a company investing mainly in Web3 projects can compete with traditional financial investors.
The poor state of the market has led to an increase in merger and acquisition deals and debt financing. Companies on the verge of bankruptcy (most of which are DeFi projects), for some investors, are an attractive prospect. For example, Sam Bankman-Fried (FTX, Alameda Research), Changpeng Zhao (Binance) and Justin Sun (TRON) have expressed their readiness to save some projects from extinction. However, such investments are a very long game, besides, not many projects have a real chance of survival.
Among the recent M&A deals, it is worth highlighting following:
The mixing of cryptocurrency projects and other companies is continuing to grow and gain momentum. Large projects, such as Uniswap, are doing well by expanding their activities into new areas. NFT is probably the closest to fully-fledged mass adoption, many non-crypto companies are beginning to understand the sector and are ready to develop in this direction.
This fundraising data, in a way, describes the current state of the crypto market, even without mentioning global market cap and price of Bitcoin. Obviously, the activity has slightly decreased over the past few months, and raised amounts are not as high as previously seen. However, investors are finding new promising projects and investing funds into already proven quality ones and thereby stimulating their growth. In a similar way, the market is also being “cleaned up”: weak projects are losing users, followed by their cryptocurrency rate falling.
We are witnessing the accelerating integration of cryptocurrencies into traditional financial institutions, as well as the arrival of a huge number of new users in Web3. It is quite possible that very soon Web3 will become a part of our daily life, as Web 2.0 once became. After all, it is no wonder that many of the large companies of the previous generation are the same investors who are now actively investing in Web3 projects.
Blockchain makes the changes currently taking place available for many users to participate, not just to a select few and large foundations. The widespread amount of information available publicly are allowing crypto enthusiasts to follow the activities of large funds, and the projects themselves are prepared to listen to users and reward them for their input. This is also a distinctive feature of Web3.
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To keep up-to-date on fund performance you can visit the Funds page on CryptoRank: https://cryptorank.io/funds
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The State of Crypto Fundraising
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Startups, VC goes plop
“”We’re halfway there
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Hi there,
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Q3 VC activity is looking soft.
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Global venture funding is at just $41.9B midway through the quarter.
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If we project out, this looks like ~$83.8B across ~7K deals for Q3’22.
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Of course, there’s still half of the quarter left so this could change bigly.
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But right now, a pretty dramatic decline appears to be in the cards for Q3.””
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Q3 VC midway through the quarter
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