Today a digital exchange platform based in singapore, Metaverse Green Exchange (MVGX), announced its upcoming collaboration with Chainlink, which is a decentralized blockchain network. The collaboration aims to nurture the interconnections among Web2 and Web3 territories in the middle of growing calls to meet the needs of measurement standards in carbon ecosystem environments.
The collaboration has opened a gateway for future integrations in the form of Proof of Reserve (PoR), Cross-Chain Interoperability Protocol (CCIP), and dynamic NFTs helping MVGX’s secure and transparent development towards the next level of the Web3 platform.
The partnership with Chainlink is backed by MVGX’s collaboration with Indonesia Stock Exchange. This week, the nation announced that it would begin to work with MVGX to enhance the potential of carbon trading. MVGX has partnered with many well-known financial institutions this year to develop green finance solutions, and the Oversea-Chinese Banking Corporation is among the ones.
Chainlink technology’s popularity is growing among Web3 sustainability-focused companies. However, the announcement with MVGX provides a gateway to explore Chainlink’s ability to impact sustainability in the carbon space.