IT has taken the complaints related to massive resource consumption by blockchains and NFTs seriously, and the goal is to create new forests to neutralize carbon emissions.
The gas fee from transactions on the blockchain will be used to plant trees, and nearly 70,000 acres of land will be covered under this initiative.
It is the transfer of NFTs from one wallet to another that uses energy, and Elysium uses proof-of-stake to validate these transactions.
The strategic partnership with Coorest will help Elysium plants trees all over the world and create new forests that will absorb the carbon emitted due to operations on the blockchain.
It supports game developers through crowdfunding, incubation and development programs. In October 2021, Vulcan launched VulcanDEX, the first-ever DEX for gaming tokens.