Open Forest Protocol Completes Seed Funding Round

ChainCatcher reports that Open Forest Protocol (OFP), a carbon-neutral blockchain platform, has completed its seed funding round. The round was led by Übermorgen Ventures, with participation from BackBone Ventures, GS Futures, and foundations such as Bloom Foundation, NEAR Foundation, and Foundation Valery. The specific funding amount was not disclosed.

The team stated, "OFP is a comprehensive digital revolution for carbon credit verification and issuance. It provides carbon developers with a cost-free, open-source, network-based, and blockchain-enabled verification system, allowing them to bring transparent, verifiable, and valuable carbon credits to market. This is critical for the future of OFP's on-chain natural assets."