The carbon-neutral blockchain platform Open Forest Protocol has completed its seed round financing, led by Übermorgen Ventures.

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

The team stated: "OFP is a comprehensive digital reform of carbon credit verification and issuance, providing carbon developers with a no upfront cost, open-source, web-based, and blockchain-based verification system that enables them to bring transparent, verifiable, and valuable carbon credits to market. This is crucial for the future of OFP's on-chain natural assets."

According to data from the crypto platform RootData, on January 11, 2023, Open Forest Protocol (OFP) announced the completion of a $4.1 million seed round financing, with participation from Shima Capital, Übermorgen Ventures, Not Boring Capital, Mercy Corps Ventures, Byzantine Marine, Big Brain Holdings, Valor Capital, and several angel investors.