ChainCatcher news, blockchain and AI climate tech company Coral has completed a $3 million Pre-Seed funding round. According to a statement it disclosed, information about the investors and valuation will not be made public at this time. The new funds will enable Coral to open a new office in Abu Dhabi, hire more experts, and improve its AI platform, while also expanding its business and enhancing its blockchain-based carbon emissions management platform, which can achieve "full lifecycle traceability" of carbon credits using a blockchain backend.

ChainCatcher news, according to Businesswire, the blockchain climate technology company Raad Labs announced the completion of a $2.25 million financing round, led by CoinFund, with participation from Tribe, EV3, and Protagonist.Raad Labs deploys a distributed sensor network through the DePIN model to improve climate data measurement and prediction. The network can monitor weather patterns, greenhouse gas emissions, wildfire risks, soil degradation, and more. By leveraging web3 technology, Raad can incentivize sensor operators to generate high-quality data necessary for high-precision environmental management.In addition, TJ Ragsdale has been appointed as the CEO and co-founder of Raad Labs; TJ co-founded the battery storage DePIN protocol Entheos Network with others.

ChainCatcher news, OKX Ventures partner Jeff Ren will attend the first "Hong Kong Climate Forum" hosted by the University of Hong Kong on March 25. This forum aims to explore climate action and cooperation in the Greater Bay Area, promoting collaboration between the Guangdong-Hong Kong-Macao Greater Bay Area and California in the areas of climate change and clean energy.At that time, Jeff will participate in a roundtable forum on the theme "Enabling Green Finance and Investments for Climate Mitigation," discussing the impact and measures of green finance and investments on climate improvement with leaders from various industries.

ChainCatcher news, blockchain climate tech company BNZ Green announced the completion of its Pre-Seed funding round, with participation from Climate Detox. The company primarily builds blockchain-based carbon footprint accounting tools and carbon credit markets for individual and corporate users.

ChainCatchcer news, according to CoinDesk, New York-based startup Arbol has launched a parameterized insurance platform called dRe, powered by artificial intelligence (AI) and blockchain, developed in collaboration with RiskStream Collaborative, which claims to be the largest enterprise blockchain alliance in the insurance industry.According to data from Allied Market Research, the market size is expected to double, partly due to the uncertainties brought by climate change. Parametric insurance plans provide compensation for weather-related events such as storms and floods. (Source link)

ChainCatcher news, the World Economic Forum (WEF) recently released a white paper explaining how blockchain can provide the infrastructure needed to address climate change "in terms of speed and scale."According to the white paper, the value of blockchain to the climate action community can be categorized into four areas. First, blockchain can "enhance trust and ambition" in climate negotiations. It can also improve market transparency and credibility, and provide more funding for project developers. Finally, the WEF stated that digitization makes climate action "democratized."Brynly Llyr, Head of Blockchain and Digital Assets at the WEF's Crypto Impact and Sustainability Accelerator (CISA), emphasized the importance of considering and researching emerging technologies as tools to help combat climate change. He stated, "Global climate infrastructure, tools, and coordination technologies can help us keep pace with the changing Earth ecosystem. This is where blockchain and shared infrastructure technologies can play a role." (source link)

ChainCatcher news, the developer of the metaverse game Star Life, Flying Sheep Studios, has announced that it has raised $1.2 million in funding from the German Federal Ministry for Economic Affairs and Climate Action.Star Life will be an easily accessible metaverse game available on any device's browser. The game also prioritizes diversity, offering players a variety of options for character creation, shopping, and community-driven activities such as concerts and exhibitions. Additionally, Star Life will include blockchain-supported items or NFTs, giving players more ownership and agency over their virtual property. (source link)

ChainCatcher news, Gitcoin officially announced that the Gitcoin Alpha Round second-degree financing will take place from January 17 to January 31, 2023. This round will support 200 grantees dedicated to open-source software, Ethereum infrastructure, and climate solutions, with a total matching fund of $1 million.It is reported that during the Alpha testing round, donors can claim a POAP for each round they participate in. Users who collect all POAPs will be eligible to enter a raffle to win the Schelling Point VIP package, which includes $150 worth of Gitcoin products.In addition, Gitcoin will transition to a blockchain-based grant protocol in 2023, allowing anyone to launch second-degree financing grant projects. This protocol will enable funders to establish a grant project at any time, increasing flexibility for grantees who can apply across different rounds and for donors who wish to provide small amounts of funding. (source link)

ChainCatcher news, according to finsmes, the Web3 climate tech startup Thallo, located in Sharm El Sheikh, Egypt, announced the completion of a $2.5 million seed round financing, led by Ripple, Arcan LLC, Friendly Trading Group 2, as well as Allegory, Cerulean Ventures, and Flori Ventures.It is reported that Thallo plans to use the new funds to accelerate the launch of its blockchain-based flagship carbon trading platform. The company uses blockchain technology to match buyers and sellers of carbon credits while making the process efficient, traceable, and transparent. Its partners in the Web3 space include Ripple, Celo, Polygon, and Chainlink. (source link)

Chain Catcher news, on-chain investment platform Bitgreen announced the completion of a $5 million crowdfunding on the Republic platform. The company has deployed infrastructure in the Polkadot ecosystem and will launch its Layer 1 network and climate investment platform.It is reported that Bitgreen aims to help sustainable development projects secure funding to address global climate change and promote sustainable development. (Source link)

According to Chain Catcher news, the venture capital firm Union Square Ventures has launched the "2022 USV Analyst Program," which will focus on three main areas: Web3, software, and climate. Applications are currently open, and each analyst will primarily support 1-2 partners.Currently, Union Square Ventures manages three funds: a core fund that focuses on investing in seed and Series A stage software and Web3 startups, an opportunity fund that invests in the existing portfolio, and a climate fund. (source link)