DeepMarkit Corp. announce that it has signed a non-binding Letter of Intent with Climate Carbon ­a private carbon credit broker-dealer start-up from Vancouver­ pursuant to which the entities have agreed to collaborate in order to scale the growth of voluntary carbon credits minted on the MintCarbon.io platform. Climate Carbon and DeepMarkit will work to enter into an arrangement pursuant to which Climate Carbon will refer carbon projects to mint NFTs (ERC-1155) and/or other carbon credit tokens (ERC-20) on the MintCarbon.io platform.

Through the creation of NFTs and tokens, Climate Carbon will have ownership of the NFTs and tokens. All carbon projects introduced by Climate Carbon to the Company shall be subject to acceptance by the Company. DeepMarkit and Climate Carbon will proceed toward the preparation and execution of a definitive agreement in the near future with a two-year term based on the key terms contained herein.

The Company and Climate Carbon will work together to achieve a second stage proofing of the MintCarbon.io platform as well as an NFT market exploration and validation program. A total of 850 active carbon offset credits from six Verra-certified projects have been transferred by Climate Carbon to DeepMarkit's custodial account and will be minted into NFTs. The projects include: Soubre Hydropower Project; Sena Hydroelectric Power Plant; ONIL Stoves Guatemala Uspantan; Forest Management to Reduce Deforestation and Degradation in Shipibo Conibo and Cacataibo Indigenous communities of Ucayali region; Grid connected bundled wind power project in Gujarat managed by Enercon (India) Limited; and REDD+ Project for Caribbean Guatemala: The Conservation Coast.