Nature’s Vault Launches Gold-Linked Utility Token NVLT in the Polygon Ecosystem

[PRESS RELEASE – Singapore, Singapore, 25th August 2022]

Nature’s Vault, a Singapore-based Greentech firm, introduced at the moment a strategic collaboration with Polygon Community, a number one Net 3 protocol supplier.

Launched earlier this 12 months, Nature’s Vault’s mission is to develop progressive and impactful ESG investments that fight local weather change, particularly greenhouse gasoline emissions and ecosystem degradation. It’s the primary blockchain answer to tokenize geologically quantified un-mined gold deposits. The corporate’s first challenge, the Legacy Token, finally goals to accumulate the mining rights over, and defend at the very least a million ounces of gold, positioned in environmentally pristine areas throughout Canada. The corporate has already acquired the primary 125,000 ounces at a location known as Pistol Lake in Ontario, and is in energetic negotiations on their second acquisition. This preservation of gold is then tokenised because the Legacy Token or NVLT.

Polygon is a Layer 2 blockchain improvement platform that believes in making Web3 extra accessible. Polygon allows builders to construct scalable user-friendly dApps with low transaction charges with out ever sacrificing on safety. The Polygon ecosystem permits builders to sidestep plenty of limitations on the Ethereum blockchain, particularly excessive gasoline charges, and sluggish throughput all whereas leveraging the safety features of the Ethereum mainnet.

“Polygon acts as a base layer for innovation and improvement of latest options to our planet’s most important issues. That’s the reason we’re delighted to have Nature’s Vault on Polygon,” stated Stefan Renton, Sustainability Lead at Polygon. “Nature’s Vault is tackling environmental affect in a inventive method, showcasing itself for instance of initiatives we’re strongly dedicated to supporting.”

Polygon is a multi-purpose ecosystem that leverages eco-friendly Proof-of-Stake consensus. On the time of writing, over 3.4 billion transactions have been made on the platform, with over 3 million transactions per day, and the platform hosts over 37,000 decentralised functions serving a consumer base of over 142 million.

As a strategic accomplice, Polygon hosts the Legacy Token on the Polygon blockchain and can facilitate transactions of the token as soon as it launches. Presales of NVLT begin subsequent month and Nature’s Vault expects to carry its public sale of the Legacy Token in November 2022 on a number one world alternate.

Phil Rickard, Founder and CEO of Nature’s Vault commented: “We’re delighted to accomplice with Polygon and place Legacy Token of their quickly increasing Web3 ecosystem. Collectively, we’re creating actual alternatives for buyers to not solely purchase a gold-linked token, but in addition take part instantly in our mission to fight local weather change by lowering pointless gold mining. We’re working arduous to vary the way in which society thinks about and invests in gold. An funding in Legacy Token on the Polygon community is an funding in our planet’s future.”

About Nature’s Vault

Nature’s Vault, is a Singapore-based Greentech firm, specializing in Progressive and Impactful Pure Capital Options. Nature’s Vault’s focus is on the long run. Past the local weather disaster, they imagine within the conservation of Pure Capital assets which all of us have an obligation to guard. Nature’s Vault’s imaginative and prescient is to construct the world’s pre-eminent ESG finance platform – giving everybody entry to investments that defend our planet. Their mission is to broaden accessibility and speed up funding of impactful initiatives combating local weather change and ecosystem harm – advancing us to a net-zero future.

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