More commitment towards a Zero CO2 emission: Sovereign Wallet Network established a joint venture corporation, “CO2 Network LLC”
We are thrilled to announce that Sovereign Wallet Network (SWN), a blockchain company that has jointly developed the world’s first identity-based blockchain, “MetaMUI Blockchain,” with the University of Southern California, has established CO2 Network LLC, a joint venture in Hawaii, the U.S.
CO2 Network is a company that develops and provides blockchain-based Certified Emission Reduction (CER) issuance and its trading platform. The company is also preparing to build a differentiated marketplace where users can trade various digital assets such as digital art and webtoons of NFT.
Exceptionally, Professor Yu Hua An, well known as Korea’s top Chinese economic expert, was appointed as the Chief Strategic Officer (CSO) and participated in the stake, while Phantom Seokgu Yun, CEO of Sovereign Wallet Network, was appointed as the CTO of the CO2 Network LLC.
It’s TCC America, a U.S. subsidiary of TCC Group, a Korean domestic listed company, and individual investors from China and South Korea participated in funding Series A of $3 million.
Certified Emission Reduction issuance and its trading platform conducted on the CO2 Network will run on the MetaMUI Blockchain and the NFT Us Marketplace, which will open later and use the MetaMUI Blockchain technology early as the first half of next year.
Regarding the establishment of CO2 Network, Phantom Seokgu Yun, CEO of Sovereign Wallet Network, said, “Interest and investment in the CER trading market around the world are increasing significantly. MetaMUI Blockchain, a blockchain-based on identity authentication, is essential for transparent and legal CER trading, CER, and digital asset issuance in the era of Metaverse.”
After completing Series A funding, CO2 Network announced that it is set to fund Series B for institutions in the future.
Looking forward to that amazing journey for the sake of our planet!