Plastiks Cardano Fund to Scale Blockchain Sustainability

Plastiks is proud to announce a major milestone in our journey to combat plastic waste and drive sustainability. We have been awarded ₳650,000 (approximately $500,000 USD) through Cardano’s Project Catalyst Fund 13. This funding, distributed across two grants, will enable us to scale our blockchain-powered solutions for verified plastic recovery and regenerative finance (ReFi).

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^{Grant 1: ₳500,000 for the Plastic Credit Marketplace}

Plastiks has been awarded ₳500,000 through Cardano’s Project Catalyst Fund 13 to develop our blockchain-powered Plastic Credit Marketplace.

This platform will revolutionize how plastic recovery and recycling efforts are verified, tracked, and reported. By leveraging Cardano’s blockchain technology, the marketplace will:

• Provide Chain Verification: Ensure that every kilogram of plastic recovered or recycled is traceable and verified.
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• ‍Support Leading Brands: Enable companies like Danone Spain and other partners to back their sustainability claims with transparent, blockchain-backed data.
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• ‍Eliminate Greenwashing: Give brands a credible tool to demonstrate real environmental impact, fostering trust among stakeholders and consumers.

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^{The Goals Behind lastic Credit Marketplace Cardano Grant}

The primary objective of the Plastic Credit Marketplace is to empower brands and recovery entities by providing them with a reliable and transparent system. This initiative aligns with global efforts to combat plastic pollution and build trust in sustainability practices.

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Learn More About This Grant:

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📜 Our Proposal: Read the full details of our grant proposal here:
Plastic Credit Marketplace Proposal

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📢 Official Results: See the final results and funding announcement here:
₳500K Plastic Credit Marketplace Results

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Cardano’s blockchain infrastructure provides the scalability, transparency, and carbon-negative benefits needed to ensure the success of the Plastic Credit Marketplace. Its robust ecosystem allows Plastiks to:

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• Build a system that ensures traceability at every step of the recovery process.
• Scale globally, accommodating increasing numbers of recovery entities and brands.
• Foster trust by offering immutable data verification for sustainability claims.

This grant marks a pivotal moment for Plastiks as we work towards transforming how brands approach sustainability and tackle plastic waste.

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^{Grant 2: ₳150,000 for the Plastic Credit ReFi Protocol}

Plastiks has also secured an additional ₳150,000 through Cardano’s Project Catalyst Fund 13 to create the world’s First Plastic Credit ReFi Protocol. This innovative initiative integrates blockchain technology and the USDM stablecoin to empower plastic recovery entities with reliable, traceable, and stable funding.

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The Plastic Credit ReFi Protocol aims to address a critical challenge faced by recovery entities—financial instability caused by market volatility. By leveraging stablecoin-backed mechanisms, this protocol will:

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• ‍Stabilize Funding: Ensure consistent cash flow for recovery entities through the use of the USDM stablecoin, mitigating the risks associated with cryptocurrency fluctuations.
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• Empower Recovery Entities: Provide financial predictability to enable recovery organizations, especially in emerging economies, to scale operations sustainably.
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• Enhance Traceability: Use blockchain technology to ensure full transparency and trust in all transactions.

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^{The Goals Behind Plastic Credit ReFi Protocol Cardano Grant}

The goal of the Plastic Credit ReFi Protocol is to create a regenerative finance (ReFi) solution that not only supports sustainability efforts but also ensures economic stability for the recovery entities driving those efforts. This initiative is particularly significant for organizations in regions where funding inconsistencies can hinder meaningful progress in plastic recovery.

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Learn More About This Grant:

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📜 Our Proposal: Explore the details of the Plastic Credit ReFi Protocol proposal:
Plastic Credit ReFi Protocol Proposal

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📢 Official Results: See the final results of this funding initiative:
₳150K Plastic Credit ReFi Protocol Results

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Cardano’s advanced blockchain technology offers the perfect foundation for this protocol, providing:

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• Carbon-Negative Blockchain: Aligning with Plastiks’ commitment to sustainability.
• Scalability: Supporting global adoption of the ReFi protocol across recovery entities and stakeholders.
• Transparency: Offering immutable and traceable records for all transactions, building trust among brands, recovery entities, and consumers.

This grant supports Plastiks’ vision of creating a circular economy where every kilogram of recovered plastic is not only traceable but also supported by a stable financial system.

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^{Next Steps: Building a Sustainable Future Together}

With the support of Cardano’s Project Catalyst Fund 13, Plastiks is now poised to take the next big steps in revolutionizing sustainability through blockchain technology.

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For the Plastic Credit Marketplace:

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1. Development Phase: We’ll build the core infrastructure of the marketplace on Cardano’s blockchain, ensuring robust chain verification for plastic recovery and recycling.
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2. Onboarding Brands: Engage with leading brands and partners to integrate the platform into their sustainability initiatives, empowering them to eliminate greenwashing.
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3. Scaling Operations: Expand the marketplace’s global reach, enabling more recovery entities and brands to participate in transparent, verified sustainability efforts.

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For the Plastic Credit ReFi Protocol:

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1. Protocol Development: Collaborate with blockchain and stablecoin experts to design and deploy the USDM-backed ReFi model.
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2. Recovery Entity Outreach: Work closely with recovery organizations, particularly in emerging economies, to test and scale the protocol effectively.
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3. Open-Source Collaboration: Make the ReFi protocol open-source, encouraging innovation and adaptation within the Web3 community.

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These initiatives are more than just technological advancements—they represent our ongoing commitment to solving real-world challenges in sustainability. By leveraging blockchain technology, Plastiks is creating solutions that:

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• Empower brands and recovery entities with tools for measurable impact.
• Build trust through traceable and transparent systems.
• Drive global efforts to combat plastic pollution at scale.

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^{Join Plastiks on This Journey}

Now that we are expanding to Cardano, Plastiks is committed to delivering even more groundbreaking advancements in sustainability and blockchain technology. If you’re a brand, recovery entity, or Web3 innovator looking to grow with us and make a measurable environmental impact, reach out to us today. Together, we can create new opportunities for a sustainable and transparent future.

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Contact us to explore how we can work together: Let’s keep innovating and building solutions that make every kilogram of plastic count.

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