AXTG Signed MOU with Big Sun Group Limited

Source: www.gulfoilandgas.com 4/7/2022, Location: Asia

Axis Technologies Group, Inc. ('AXTG' or the 'Company') announces the digitization of carbon credits using the AXTG ETHFUND platform BigSun NFT's Solar REC will wrap solar Renewable Energy Certificates (REC) into ERC20 tokens and NFTs on the Axis Technologies Group, Inc. ETHFUND Platform. Wrapping will include certification and IP protection by a EU trademark and patent office.

The wrapping protocol has been developed by AXTG. Wrapping will include certification and IP protection by a EU patent office. And is the first REC wrap on the Ethereum’s ERC20 protocol and will be fully operational by second quarter 2022.

Summer Luo, Chairman. of Big Sun Group Limited says: "This will be a latest strategic partnership to enable digitization of REC digital assets in Taiwan and trade carbon credit globally partnering with Axis Technologies Group, Inc. Wrapping, the digital assets directly owned by the Solar power plants".

Users of the ETHFUND, Web 3.0 wallets will be able to access and trade carbon credit and carbon offsets wrap by using Ethereum smart contracts enabling wallet holders to monetize the green digital assets generated and track the REC generated through Big Sun’s solar plants.

Wrapping Ethereum allows the direct, seamless exchange between Ethereum and ERC-20 tokens without the need for a trusted third-party and without incurring in unnecessary risks such as unexpected errors during transactions resulting from complex implementations.

Sandbox Model:
William Tien, President of AXTG, states that "AXTG and Big Sun Group have advanced quickly building a Web 3.0 NFT staking platform inside our ETHFUND's NFT marketplace for verification and accreditation of the solar Renewable Energy Certificates (REC). Demonstrating the efficacy of the technology and provide verifiable proof of the key conceptual elements of this strategic innovation.”

This sandbox model is expected to be completed within the second quarter of 2022 and implemented with 2 solar plant test sites in Taiwan. Interested parties, including investors, patrons and developers, may inquire further by contacting ceo@axtg.us.


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