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

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

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Nature’s Vault, a Singapore-based Greentech company, today announced a strategic collaboration with Polygon Network, a leading Web3 protocol provider.

Nature’s Vault is symbolizing gold deposits

Launched earlier this year, Nature’s Vault is on a mission to develop innovative and impactful ESG investments that tackle climate change, namely greenhouse gas emissions and ecosystem degradation. It is the first blockchain solution to tokenize geologically quantified unmined gold deposits. The company’s first project, the Legacy Token, ultimately aims to acquire the mining rights and protect at least one million ounces of gold, located in ecologically pristine locations across Canada. The company has already acquired the first 125,000 ounces at a location called Pistol Lake in Ontario, and is in active negotiation on their second acquisition. This preservation of gold is then tokenized as Legacy Token or NVLT.

Polygon is a layer 2 blockchain development platform that believes in making Web3 more accessible. Polygon enables developers to build scalable, user-friendly dApps with low transaction fees without ever sacrificing security. The Polygon ecosystem allows developers to circumvent a number of limitations of the Ethereum blockchain, namely high gas fees and slow throughput, while taking advantage of the security features of the Ethereum mainnet.

Stefan Renton, Head of Sustainability at Polygon, said:

“Polygon acts as a foundation layer for innovation and the development of new solutions to our planet’s most critical problems. That’s why we’re thrilled to have Nature’s Vault on Polygon. Nature’s Vault creatively tackles environmental impact, presenting itself as an example of projects we are strongly committed to supporting.

Polygon is a versatile ecosystem built on an environmentally friendly Proof-of-Stake consensus. At the time of writing, more than 3.4 billion transactions have been made on the platform, with more than 3 million transactions per day, and the platform hosts more than 37,000 decentralized applications serving a user base of over 142 million.

As a strategic partner, Polygon hosts the Legacy Token on the Polygon blockchain and will facilitate transactions of the token once it is launched. NVLT presales begin next month and Nature’s Vault plans to hold its Legacy Token public sale in November 2022 on a leading global exchange.

Phil Rickard, Founder and CEO of Nature’s Vault commented:

“We are excited to partner with Polygon and position Legacy Token within their growing Web3 ecosystem. Together, we are creating real opportunities for investors to not only acquire a gold-linked token, but also directly participate in our mission to fight climate change by reducing unnecessary gold mining. We are working hard to change the way society thinks about and invests in gold. An investment in Legacy Token on the Polygon network is an investment in the future of our planet.

nature vault, is a Singapore-based Greentech company, focused on innovative and impactful natural capital solutions. Nature’s Vault is focused on the future. Beyond the climate crisis, they believe in preserving the Natural Capital resources that we all have a duty to protect. Nature’s Vault’s vision is to build the world’s preeminent ESG finance platform – giving everyone access to investments that protect our planet. Their mission is to expand accessibility and accelerate funding for impactful initiatives to address climate change and ecosystem damage – moving us towards a net zero future.

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