MKT:CC - DeepMarkit Provides Update
(TheNewswire)
Calgary, Alberta – May 24, 2024 – TheNewswire – DeepMarkit Corp., (“DeepMarkit” or the“Company”) (TSXV: MKT) (OTC: MKTDF) (FRA: DEP) is pleased to provide an update on its business.
DeepMarkit continues to manage its MintCarbon.io platform, a fee forservice web-based user interface which provides registered holders ofvoluntary carbon offsets the ability to mint Non-Fungible-Tokens(" NFTs ")representing their carbon offsets. The minting of voluntary carbonoffsets into universally tradable NFTs, embeds detailed projectinformation such as visual content, pricing information, statisticsand other descriptions directly in the NFT. The benefit to customersis ease-of-access to decentralized exchanges where their carbon offsetNFTs can be exposed to larger, more diverse audiences of potentialpurchasers which the Company believes will translate to enhancedliquidity, speed and realized transaction value.
Management of DeepMarkit recognizes that the success of MintCarbon.iorequires both, a healthy interest in the digital assets sector as wellas further development of voluntary carbon offset markets. After achallenging period for both digital assets and carbon markets,positive sentiment appears to be returning and the Company is considering the additional investment required to sustainthe MintCarbon.io platform.
Concurrent with sustaining the MintCarbon.io platformthe Company has launched initiatives including the search for andidentification of potential acquisitions, partnerships and investmentsin innovative and value add artificial intelligence(" AI ") based technologies, including AI technologies whichmay complement MintCarbon.io or other innovative green techbusinesses. The Company intends to pursue such measures through itssubsidiary DeepMarkit AI Corp. (" DeepMarkit AI "). The Company believes that pursuing these business initiatives are anatural fit for DeepMarkit, and that doing so, while simultaneouslycontinuing to operate and refine MintCarbon.io is not only consistentwith DeepMarkit's identity as a platform-based technology issuer butprovides the Company and its investors with the possibility ofparticipating in the quickly evolving AI sector.
DeepMarkit Corp. is a technology company focused ondemocratizing access to the voluntary carbon offset market by mintingoffsets into NFTs. Its common shares are listed on the TSX VentureExchange under the “MKT” stock symbol, on the OTC market in theUnited States under the “MKTDF” symbol and on the Frankfurt StockExchange under the “DEP” symbol. DeepMarkit Corp. is a softwareinfrastructure company operating in the tokenization vertical of theblockchain. Its primary asset, MintCarbon.io, is a web-based platformthat facilitates the minting of carbon offsets into NFTs (based on theERC-1155 standard) or other secure tokens (based on the ERC-20standard).
On behalf of:
Garrett Scott, CEO
For more information, pleasecontact:
Garrett Scott, CEO
Tel: 403-537-0067
Email: corp@deepmarkit.com
Web: www.deepmarkit.com/
Twitter: @DeepMarkit
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accept responsibility for theadequacy or accuracy of this news release.
Statements in this news release may containforward-looking information. Any statements that are contained in thisnews release that are not statements of historical fact may be deemedto be forward-looking statements, including statements relating to theidentification of new and innovative technologies, including AI basedtechnologies, the intention for such technologies to benefit orcomplement MintCarbon.io, and the Company's expectations with respectto the MintCarbon.io business. The reader is cautioned thatassumptions used in the preparation of any forward-looking information may proveto be incorrect. Events or circumstances may cause actual results todiffer materially from those predicted, as a result of numerous knownand unknown risks, uncertainties, and other factors, many of which arebeyond the control of DeepMarkit. Additional information regardingrisks and uncertainties of the Company's business are contained underthe heading "Business Risks and Uncertainties" in theCompany's MD&A in respect of the interim period ended June 30,2023, and the Company's other public filings which are available underthe Company's profile on SEDAR at www.sedar.com.Various factors can cause the actual results to differ materially fromthose in forward-looking statements. The reader is cautioned not toplace undue reliance on any forward-looking information.
The forward-looking statements contained in this newsrelease are made as of the date of this news release and DeepMarkitdoes not undertake any obligation to update publicly or to revise anyof the included forward-looking statements, whether as a result of newinformation, future events or otherwise, except as required bysecurities law.
Copyright (c) 2024 TheNewswire - All rights reserved.