- SMC Entertainment (OTC PINK: SMCE) partners with Circle Energy Sweden AB to create a blockchain-based carbon credit platform.
- The platform will utilize SMC's FYNN AI on the Solana network to facilitate global carbon credit trading.
- The agreement is expected to be finalized by June 20, 2025, establishing Circle Energy's Carbon Capital Solutions Division.
SMC Entertainment, Inc. (OTC PINK: SMCE), a leading fintech incubator company, has entered into a Letter of Intent (LOI) with Circle Energy Sweden AB, a company listed on Nasdaq First North. The collaboration aims to create a blockchain-based platform for trading carbon credits utilizing the Fyntechnical FYNN AI Platform.
The new platform will leverage the Solana blockchain network to ensure transparency and efficiency in trading both mandatory and voluntary carbon credits. The FYNN AI system will offer a white-label solution, allowing seamless identification, management, and trading of carbon credits on a global scale. This initiative will help launch Circle Energy's new Carbon Capital Solutions Division, connecting buyers and sellers worldwide.
According to the timeline, the partnership will progress from the LOI stage to a definitive agreement by June 20, 2025. SMC's CEO, Erik Blum, expressed confidence in the FYNN AI system's capabilities in enhancing Circle Energy's operations through scalable and efficient fintech solutions.
By integrating Solana's blockchain technology, the platform assures complete transparency across the carbon credit market, providing significant added value and growth potential for both companies involved in this sustainable financial venture.
