SOL, XRP, and 4 Others to Promote Crypto Solutions for Climate Change

• Solana and Ripple join four Web3 firms to hasten crypto solutions for climate change.
• Eqo Networks, GBBC, Regen Network, and Climate Collective are among the partner firms.
• Solana Foundation and the Ripple blockchain are the founding partners.

The Solana Foundation and Ripple blockchain have formed partnerships with four other Web3 companies to hasten the implementation of crypto-based solutions for climate change.

The firms included Eqo Networks, Global Blockchain Business Council (GBBC), Regen Network, and Climate Collective, which all come under Blockchain x Climate Leadership Network (BxC). The newly founded non-profit organization aims to be the largest joint gathering of climate action innovators, leaders, and builders under one global umbrella.

Notably, BxC’s launch was announced recently at World Economic Forum held in Davos, Switzerland. In an interview with journalists, Daniel Hwang, BxC strategic adviser, said:

I think the climate use case makes the most sense in terms of real-world utility beyond, let’s say, speculative retail involvement.

For the past two and a half years, Hwang and his team have worked to support the infrastructure ecosystem initiative, which includes carbon credit measurements, which calculate the reduced amount of greenhouse gases generated by human actions.

Furthermore, Solana Foundation, Ripple, Regen Network, and Climate Collective are founding and supporting partners. On the other hand, GBBC, Eqo Networks, and BxCi will spearhead the endeavor.

In other news, utility tokens on the Solana and Ripple blockchain, XRP and SOL, have been performing well over the past week, according to data from the market tracking website, CoinMarketCap. SOL currently trades at $20.97, with a significant 31% increase over the last seven days. However, XRP trades at $0.385 after experiencing barely a 4% growth in the same period.