OUR NEW PROFILE IS: MKDTF
🇨🇦TSX-V: MKT 🇩🇪FRA: DEP
This one just completed a forward split DAYS AGO!!
DeepMarkit Successfully Tests and Mints Carbon Credit NFTs via its MintCarbon.io Platform
We have another exciting play for Today for you to take a look at. The spread on this one was EXTREMELY thin yesterday. MKTDF just completed a 4-1 forward split on the 5th of this month. I am guess that is why the bid and the ask were far apart. It look like it is trying to find a home trading range.
DeepMarkit Corp. is a company focused on democratizing access to the voluntary carbon offset market by minting credits into NFTs. Its common shares are listed on the TSX Venture Exchange under the “MKT” stock symbol. DeepMarkit’s wholly owned subsidiary, First Carbon Corp. (“FCC”), is a software infrastructure company operating in the tokenization vertical of the blockchain. FCC’s primary asset, MintCarbon.io, is a web-based, software-as-a-service platform that facilitates the minting of carbon credits into NFTs (based on the ERC-1155 standard) or other secure tokens (based on the ERC-20 standard). MintCarbon.io is currently undergoing testing and FCC anticipates an official launch of the platform in the near future.
DeepMarkit Enters into Liquidity Support Agreement with Radiance
Malaysia-based Radiance, an Investment Holding Company, has Earmarked up to C$20,000,000 of Buy-side Liquidity
CALGARY, AB, May 11, 2022 /CNW/ – DeepMarkit Corp., (“DeepMarkit” or the “Company”) (TSXV: MKT) (OTC: MKTDF) (FRA: DEP), a company focused on transitioning the global carbon offset market to the more accessible digital economy by minting credits into non-fungible tokens (“NFTs”), is pleased to announce that it has signed a buy-side liquidity support agreement (the “Agreement”) with Malaysian investment holding company and private equity firm, Radiance Assets Berhad (“Radiance”). Pursuant to the Agreement, Radiance has agreed to use its best efforts over a two-year term to purchase up to C$20,000,000 worth of NFTs or other secure tokens minted on the Company’s proprietary MintCarbon.io platform (the “Platform”).
Under the terms of the Agreement, Radiance has agreed to maintain, in readily available funds, a minimum of C$5,000,000 towards the purchase of carbon credits that have been minted into NFTs or other secure tokens via the Platform. DeepMarkit is of the opinion that the Agreement will help to benefit customers of the Platform who hold carbon credit NFTs by enhancing liquidity and improving price discovery. The Company further expects that the resulting liquidity will accelerate continued onboarding of NFTs or other secure tokens to its MintCarbon.io platform, as well as attract blue-chip clientele and industry partnership opportunities.
Based in Malaysia, Radiance is a diverse investment holding company with a focus on innovative and technologically driven businesses in the areas of Cleantech, Meditech and Fintech. Radiance also has a focus on the environment and solutions that better peoples’ lives. Radiance has several classes of funds including a new Agritech fund being launched with an asset value of USD 250 million. As previously announced, Radiance is currently a shareholder of DeepMarkit via recent private placements.
This Agreement follows DeepMarkit’s prior announcement under which Radiance has agreed to introduce carbon credit projects for onboarding through the Platform that is being developed to mint carbon offset credits into NFTs. Any minting and royalty-based revenues earned by DeepMarkit via Radiance’s referrals will result in a sharing arrangement with Radiance. Radiance’s obligation under the Agreement to purchase NFTs is subject to certain conditions, including, among other things, the availability of NFTs and the acceptability, for investment purposes, of the carbon credits and associated projects underlying the NFTs. Any purchase by Radiance will be completed by arrangement between Radiance and the applicable NFT holder.
“We are excited to enter into this Agreement with Radiance and evolve our relationship further. We value the support that Radiance is providing for our platform via the onboarding of projects and investment in resulting NFTs, which we feel will ultimately benefit NFT holders and project originators around the world,” stated Ranjeet Sundher, Interim CEO of DeepMarkit. “This is a formative period for DeepMarkit and our MintCarbon.io platform so we truly appreciate that Radiance continues to champion our growing business,” added Mr. Sundher.
While non-fungible tokens (NFTs) have gained recent traction over the buzz around the sky-rocketing prices of digital art pieces on platforms like OpenSea, the technology has potential that reaches far beyond artwork.
Digital tokens, secured with programmable smart contracts on the Ethereum blockchain, that certify a digital asset to be unique and, therefore, not interchangeable. Carbon credits with individualized meta data and a record of ownership provide the transparency and accountability necessary to increase liquidity in the carbon markets.
In addition to the transparency that blockchain technology brings, there are numerous other benefits that will benefit the carbon credit market.
Permissionless global trading on platforms operating 24/7/365, opening up trading to a wider variety of investors, corporations, and individuals.
Programmable functionality through smart contracts and interoperability via composable ‘Lego block-like’ primitives enabling new types of capital formation and trading.
A reliable framework that could easily increase the flow of capital into carbon reduction initiatives, helping historically underfunded environmental companies and projects.
Bringing a massive and growing pool of global liquidity in the cryptocurrency markets to a traditionally illiquid market.
1 Create Your Profile
To get started on our platform, you will. be required to create an account.
2 Connect Your Wallet
From your newly created account, you will be able to link it to an NFT wallet application like MetaMask.
3 List and Sell on OpenSea
Once your wallet is connected, you will be able to upload the specific details of your tradeable carbon credit assets, along with a copy of your logo, to create your unique NFT. Our platform will mint your carbon credits on the public ledger.
4 Track Your Carbon NFT
You’ll be able to track your NFTs, their current value, and other aspects of the carbon credit market in your Dashboard.
5 Socialize with Stakeholders
Join, verify your ownership, and engage with our MintCarbon community on Discord to receive updates and news, while connecting with other forward-thinking investors.
Calgary, Canada – May 5, 2022 / CNW / – DeepMarkit Corp., (“DeepMarkit” or the “Company”) (TSXV: MKT) (OTC: MKTDF) (FRA: DEP), a company focused on transitioning the global carbon offset market to the more accessible digital economy by minting credits into non-fungible tokens (“NFTs”), is pleased to pleased to announce that effective May 4, 2022, it has completed the split of its common shares (“Common Shares”) on the basis of four (4) new Common Shares for each one (1) Common Share currently outstanding (the “Share Split”), as announced on April 26, 2022. The Common Shares will begin trading on the TSX Venture Exchange on a post-Share Split basis on May 5, 2022.
Following completion of the Share Split, DeepMarkit’s issued and outstanding Common Shares increased from 42,465,707 Common Shares to 169,862,828 Common Shares directly following completion of the Share Split. The Company expects that the Share Split will make its shares more accessible to investors and enhance liquidity for shareholders.
Shareholders do not need to take any action with respect to the share split. All outstanding stock options and share purchase warrants will be adjusted on the same split ratio and the respective exercise prices will be adjusted accordingly. Additional information regarding the Share Split can be found in the Company’s previously issued news release dated April 26, 2022.