Datavault™ Will Mint Up To $9.6 Billion In Carbon Credit Tokens For G.E.C. Communities, Inc.

NEW YORK, Nov. 9, 2021 /PRNewswire/ -- Data Vault Holdings, Inc., the emerging leader in metaverse data visualization, valuation, and monetization, announces today the success of its partnership with G.E.C. Communities Inc., a sustainability organization specializing in carbon credit management. Data Vault Holdings will mint $300 million USD of tokens backed by a pool of carbon credits for G.E.C. Communities Inc. Data Vault Holdings' proprietary crypto technology platform has enabled G.E.C. to increase sales volumes, efficiency, and security around its carbon credit offerings. The G.E.C. partnership has leveraged the patented Datavault™ platform to generate up to $18 million USD annually in gross revenue for Data Vault Holdings, affirming the transformative value of data monetization for businesses.

"Carbon credits tokenized through our patented systems creates NFT delivery systems and a G.E.C. Communities-branded crypto coin that will pave the way for greater use of the credits. Through purchase of these nature-preserving credits, organizations can become effectively carbon neutral or negative," says Nathaniel Bradley, co-founder and CEO of Data Vault Holdings, Inc.

He also adds, "Our Datavault™ technology platform was built to make an unabashed contribution to our world, and nothing could be more fitting and exciting than for us to be working with G.E.C. Communities. This environmental and socially beneficial effort stands to make a real impact in improving how corporations address the "E" & "S" in ESG initiatives in an achievable manner."

Tokenomics, or the token economy, is the driving force behind Datavault™'s revolutionary crypto-technology. Through tokenization, carbon credits are transformed from data objects into a proprietary cryptocurrency to be traded in the metaverse. The carbon credits assume a given value in a simplified, safe, and accessible format that can be bought, sold, and traded in the metaverse via blockchain, powered by Datavault™'s global Information Data Exchange™. Furthermore, enabled by Datavault™ 's visualization, valuation, and monetization technology, G.E.C. Communities will generate up to $9.6 billion should each credit in the collateral pool be purchased over the estimated 16-year life of the asset. 

Datavault™ provides G.E.C. Communities with the crypto tools that make carbon credits consumable through the metaverse. These tools enhance the monetization process by:

• Introducing tokenomics that improves scalability, asset quality, and security
• Unlocking pricing and consumer adoption programs through platform capabilities, from small individuals to large mega corporations
• Providing infrastructure for organization and scalability
• Creating an efficient transaction process and blockchain-backed transparency
• Providing a patented solution for G.E.C. that creates a competitive advantage in the carbon credit marketplace

Datavault™ secures the asset pool using blockchain technology, and through its partnership with renowned data security experts, WhiteHat Security, a division of EPAM (NYSE: EPAM). Additionally, to further secure a purchase and protect from theft or fraud, Datavault™ creates an NFT representation of a completed transaction, recorded and permanently stored on the blockchain network.

"We are honored to partner with such an innovative company in the crypto technology space that is focused on helping businesses take control of and make money from their data. Datavault™ will give us the discovery platform that will assist us to realize the long-term recurring value of our carbon credits. Datavault™ is providing us the tools to bring this offering into a new marketplace that will give us the broadest audience possible; whether individuals are seeking to make their home carbon neutral or large corporations that want to offset their carbon footprint. Proceeds from monetizing carbon credits in this manner will bring autonomy to the lives of the indigenous population in the protected areas we are involved with while providing them vastly improved living conditions. Datavault™ allows us to fully leverage our potential for lasting and impactful change," says Charles Cacici, Chief Operating Officer of G.E.C. Communities, Inc.

Datavault™ empowers businesses and organizations with the visualization, valuation, and monetization tools that optimize revenues, security, accessibility, and impact. It is with this backdrop that helps organizations like G.E.C. Communities change the world, one data asset at a time.

About Data Vault Holdings Inc.

Data Vault Holdings Inc. is a technology holding company that provides a proprietary, cloud-based platform for the delivery of branded data-backed cryptocurrencies. Data Vault Holdings Inc. provides businesses with the tools to monetize data assets securely over its Information Data Exchange™ (IDE). The company is in the process of finalizing the consolidation of its affiliates Data Donate Technologies, Inc., ADIO LLC, and Datavault Inc. as wholly owned subsidiaries under one corporate structure. Learn more about Data Vault Holdings Inc. here.

About Datavault Inc.

Datavault Inc. holds a patented, cloud-based technology that transforms the way in which businesses value and trade data. The Datavault Inc. team has transferred decades of experience in enterprise solutions, blockchain technology, and digital security to help clients transact data objects in real time. Datavault Inc. holds the Information Data Exchange™ (IDE), a first-of-its-kind exchange that enables registered buyers and sellers to trade data objects for cash or other monetary assets, including cryptocurrencies. Learn more about Datavault Inc. here.

About G.E.C. Communities Inc.

G.E.C. Communities is a dynamic team of seasoned professionals who aim to reduce the global carbon footprint through the monetization of carbon credits. They work together to preserve rainforests and improve the quality of life of indigenous populations affected by deforestation. G.E.C. Communities will help improve indigenous communities by building schools, clinics, housing and decentralized power systems through the monetization and trading of carbon credits, offsetting the revenues generated from environmentally damaging activities. Learn more about G.E.C. Communities here.

Company Contact:
Data Vault Holdings Inc.
48 Wall Street, Floor 11
New York, NY 10005
1-844-DATA-400

Media Contact:
Angry Apples Marketing
1-844-GO-ANGRY
[email protected]
www.goangry.com

SOURCE Data Vault Holdings Inc.

Related Links

https://data-donate.com/

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