Nailwal’s comments were seen in a blog post published earlier this week by the Polygon network, revealing an ambition to hit carbon negative status in 2022.
Eventually, Polygon aims to match any carbon debt stretching as far back as the inception of the chain.
In its first move towards this environmental sustainability effort, Polygon said it is purchasing $400,000 worth of top-grade MCO2 and BCT carbon credits.
The tokenized credits offered by MCO2 and BCT are all approved by the carbon offset program Verified Carbon Standard.Also, KlimaDAO , a Polygon partner in this initiative and a known champion of on-chain carbon markets, will sell Polygon the credits from its on-chain market for carbon – Klima Infinity.
Polygon has also asked the Crypto Carbon Ratings Institute to assess its carbon footprint, which, combined with layer one Ethereum’s transition into PoW, will launch Polygon into Carbon negative status.
Elsewhere in the market, the value of Cardano’s ADA token has continued falling in line with the general market sentiment.
As a sign of an extended buying spree, Santiment says that the supply of ADA held by the top-tier whales of Cardano reached a two-year high on Monday, touching 46.6% of the total supply.
The changes in supply control come a week after Santiment noted that the supply controlled by the ‘low-mid’ and ‘high-mid’ tiers of ADA holders had risen towards a record high proportion.
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