In the world of cryptocurrency and blockchain technology, high energy consumption and how it affects the planet is a topic of popular discussion. While traditional banking is still a higher consumer with over 260 TWh annually, Bitcoin currently contributes around 204 TWh and Ethereum 107 TWh per year. With cryptocurrencies and blockchains growing at an exponential rate, this is expected to increase in the short term, whilst renewable energy sources improve and scale, and the technology becomes more efficient. At the forefront of the Proof of Stake (PoS) innovation is Polygon, which boasts only 0.00079 TWh annually, a huge improvement on other solutions.
Tapmydata does not want to contribute to the problem any further, and the decisions we make as a business are based on a clear principle. To become more carbon positive. From our choice of blockchain technology in Polygon, to our first partner on the Tapmydata platform, Dovu.earth.
As previously mentioned, DOVU’s mission is to help tackle climate change, by connecting farmers to individuals and businesses who want to offset their carbon in a sustainable way. By using their Carbon Calculator, users can easily and accurately view how much DOV they need to acquire in order to offset their carbon footprint. Once completed, they can then head to the DOVU Marketplace – the marketplace for the carbon stored in soil, to purchase carbon credits from verified farms.
By utilising DOVU’s marketplace, we have offset 200% of our transactional carbon, neutralising our own crypto carbon debt for not only the present, but for the near-future too. This is a significant milestone for our company as we move into 2022.
“With our focus on building a platform that scales efficiently, our attention immediately turned towards offsetting our carbon footprint in a verifiable way, to minimise our own contribution to the current problem. While we are built on the Polygon blockchain which is inherently more efficient, we want to go further to set a positive example for our users and partners, who are themselves shifting efforts towards investing in carbon offsetting projects.
“This is exactly why we chose our first official partner to be DOVU, as their carbon calculator and carbon marketplace have streamlined the whole process, creating a simple, verifiable and authentic carbon-offsetting solution.”
Luke Judge, CEO of Tapmydata
“With innovation only increasing in the crypto space, more and more companies are looking for ways to become carbon neutral. It is our hope that, like Tapmydata, more companies will prioritise collaborating with carbon-efficient blockchains and offsetting by design.”
Irfon Watkins, CEO and Co-founder of DOVU
We are proud to be one of the first buyers on DOVU’s newly launched Carbon Market and will be continuing to research a range of methods to further reduce our entire businesses carbon footprint, including new procedures such as remote working, renewable energy sources, and lower power devices.
A quick and easy way to start earning some DOV so you can begin your offsetting journey is to sign up to the new Tapmydata V2 app and mint your Glitch NFT for 5 MATIC. Once completed, you can start earning for your time and data immediately with verified partners. There are only 1000 seats available in the new DOVU channel, so get in quick!
Tapmydata is a Web3-enabled business with a mobile app and platform built using the Polygon blockchain, designed to give people earning and control over their personal data, with privacy and security by design. With the imminent launch of V2, users will be able to connect their Web3 Metamask wallet, authenticate their identity by minting their personal Glitch NFT, and engage with verified partners in a rewarding and secure way.
Tapmydata rewards users and other ecosystem partners for their data and time. Launched in 2018, the company is supported by Outlier Ventures with a growing team across the crypto, privacy and tech space.
Powered by a mission to help people generate data income and DeFi technology, Tapmydata will be launching the Glitch and V2 of their app soon to ensure users can start earning a universal data income.
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DOVU is a tokenized data economy for DeFi carbon offsetting. It uses Hedera to inexpensively issue tokenized carbon credits to any person, business, or government, to fund projects which remove, capture, or sequester carbon from the environment. By doing this, they are helping achieve a more sustainable future for everyone.
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