At the 2022 Consumer Electronics Show, Samsung announced its partnership with Veritree to plant 2 million mangrove trees. The trees are planted in the Mahajanga region of Madagascar. The coastal area suffers from biodiversity problems due to widespread deforestation. Last year, Samsung saw significant steps in adopting blockchain technology. They launched a native blockchain wallet for their Samsung Galaxy phones. The wallet would make it possible to trade and store cryptocurrencies such as Bitcoin, Ethereum, ERC tokens and TRC tokens. Samsung also announced that it will release three smart televisions that support NFT integrations.
The Cardano blockchain has long been known as one of the most energy-efficient blockchain networks. According to some estimates, the proof-of-stake protocol consumes only 6 GWh of energy per year across the entire network. With its already low carbon footprint, the blockchain is still striving to become carbon neutral in the long term. Hence their partnership with Veritree. The long-term goal is for Cardano to become the greenest blockchain network according to the Cardano Foundation. I recently came a long Atpay and Earth2. Partnerships with big brand like Samsung are incredible for the crypto space.