OKX Ventures co-founded the Green Bitcoin Club, driving ecological evolution through the integration of DePIN and ReFi

March 4, 2024 --- OKX Ventures, the investment arm of the leading cryptocurrency exchange and Web3 technology company OKX, today announced the joint launch of the Green Bitcoin Club, GreenBTC.Club, in collaboration with ReFiDAO and Arkreen. This marks an important step towards promoting sustainability within the Bitcoin ecosystem. This philanthropic initiative reflects OKX's proactive attitude towards blockchain sustainability and emphasizes its long-term commitment to environmental practices and carbon reduction, aligning with OKX's core values of innovation and courage.

The essence of GreenBTC.Club is dedicated to eliminating the historical carbon emissions caused by Bitcoin mining through community efforts. It leverages best practices that combine Web3, DePIN (Decentralized Physical Infrastructure Network), and ReFi (Regenerative Finance) to seek carbon neutrality for Bitcoin's historical energy consumption. This also helps more institutions and individuals with ESG goals to better understand and be willing to hold more green Bitcoin assets, supporting the growing social value of Bitcoin.

The concept prototype of GreenBTC.Club first debuted at the Hong Kong Web3 Carnival in April 2023, where Arkreen and Hashkey interacted with both online and offline communities, incorporating the Bitcoin block at height 779089 into the green category using Renewable Energy Certificates (RECs). This year, GreenBTC.Club has further upgraded its application, building an inclusive climate action network that allows widespread community support for the greening of all historical Bitcoin blocks.

Jeff Ren, partner at OKX Ventures, commented, "As a leader in the Bitcoin ecosystem, OKX Ventures has always been committed to promoting a more sustainable development perspective. Today, I am very pleased to announce our joint launch of the Green Bitcoin Club, GreenBTC.Club, with ReFiDAO and Arkreen. This collaboration is not just about eliminating the environmental impact of Bitcoin mining; it is an important step towards the sustainable development of the future digital economy. We will continue to play a leadership role in striving for a cleaner and greener future for the Bitcoin ecosystem."

With this partnership, OKX Ventures will actively engage in building the ecological alliance for greening Bitcoin and the industry standards for Web3 carbon neutrality. It plans to establish a dedicated OKX Ventures brand plot on the Green Bitcoin Club map, inviting climate action participants from the global OKX community to join this innovative practice in the ESG field, unleashing the power of philanthropy and dancing with the green Bitcoin ecosystem.