Metasphere Labs Inc. (formerly known as Looking Glass Labs Ltd.) announces a non-binding memorandum of understanding (MOU) with Pure Sky Registry LLC to develop real-world assets (RWA) in blockchain technology. emphasized its growing importance. The partnership aims to integrate Pure Sky’s carbon credit registry with blockchain technology and represents a major advance in its commitment to environmental sustainability.
Integration plan:
Under the MoU, Metasphere will explore commissioning the integration of Pure Sky’s carbon credit registry with blockchain technology. Additionally, the company has provided a comprehensive Statement of Work (SOW) detailing the scope, timeline, and responsibilities for integrating the Pure Sky Registry web application with the Pure Sky Decentralized Autonomous Organization (DAO) and Carbon Credit Registry smart contracts. We are planning to develop it. This SOW lays the foundation for potential contract agreements for the project.
CEO perspective:
Metasphere CEO Natasha Ingram expressed enthusiasm for the partnership, highlighting its potential to advance blockchain’s role in environmental sustainability and increase transparency and efficiency in carbon credit markets.
Pure Sky’s approach:
Pure Sky operates as a DAO on the Ethereum blockchain, focusing on participatory governance and leveraging smart contracts to ensure integrity and accountability. Marty Seymour, Managing Director at Pure Sky, highlighted the transformative potential of Metasphere integration, looking forward to increased accessibility and efficiency in carbon credit trading.
Industry trends:
The partnership reflects broader trends in the integration of traditional financial mechanisms and blockchain technology, exemplified by efforts such as BlackRock’s partnership with Coinbase to launch the BlackRock Institutional Digital Liquidity Fund. Masu. Such ventures reflect the financial industry’s growing awareness of RWAs such as carbon credits and the ability of digital assets to reshape the financial landscape.
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