"Bitgert partners with LoveBit to advance environmental, social, and governance objectives within blockchain"
In a significant move, LoveBit and Bitgert have joined forces to usher in a new era of sustainability-focused blockchain adoption. This partnership aims to demonstrate that high-performance, cost-efficiency, and robust security can coexist with meaningful, socially impactful use cases.
LoveBit, known for its commitment to environmental advocacy, gains the ability to offer low-cost tools for impact staking, governance voting, and carbon-credit tokenization through this alliance. The partnership also enables LoveBit to leverage Bitgert Chain's infrastructure, capable of handling up to 100,000 transactions per second, to enhance its platform.
Bitgert Chain, a high-performance blockchain network renowned for ultra-fast transaction speeds and near-zero gas fees, makes it easier for ESG-related initiatives like afforestation projects and renewable energy programs to be tokenized, tracked, and verified on the blockchain. This partnership stands to benefit Bitgert through increased transaction volume and developer activity.
The collaboration reinforces the notion that decentralized technology can drive economic transformation and promote ecological and social progress. LoveBit operates LoveBit4Good, a platform connecting environmental advocacy groups for on-chain transparency, and within the Bitgert ecosystem, LoveBit has the opportunity to reward environmentally responsible behaviour with LB tokens.
The joint efforts could establish new standards for ESG-oriented projects in the Web3 space. Plans for co-hosting hackathons, distributing grants, and organising educational initiatives are expected to cultivate a community of developers passionate about sustainability and blockchain. This collaboration also signals a growing trend within the blockchain industry to support social good through technological innovation.
Notably, LoveBit was confirmed as a partner by the organisation "UNICEF" for a blockchain initiative with ESG values, officially announced in March 2023. The partnership intends to merge LoveBit's ESG-driven community engagement with Bitgert's technical strengths to streamline the creation of purpose-driven decentralized applications (dApps) and increase user engagement.
Moreover, the Bitgert Chain is compatible with the Ethereum Virtual Machine (EVM), allowing seamless deployment of decentralized finance (DeFi) applications. LB tokens can be used across the Bitgert ecosystem for transactions via PayBrise and investment in blockchain-based real estate through Geo Web3.
The alliance between LoveBit and Bitgert is aimed at creating a conducive environment for NGOs, social innovators, and grassroots activists to launch projects and receive real-time user feedback. Blockchain's ability to provide immutable records aligns with LoveBit's aim to measure and promote positive environmental impact. This partnership is set to redefine the landscape of blockchain technology, blending technological innovation with social responsibility.
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