Datavault AI Inc. has entered into a definitive licensing agreement with Nature's Miracle Holding Inc. that grants global rights to develop, distribute, and commercialize blockchain-powered carbon credit solutions. The $2 million agreement includes a non-refundable license fee and a 35% royalty on all gross revenue generated from the technology. This partnership represents a significant development in the application of blockchain technology to environmental markets, where transparency and verification have become critical concerns for participants.
The collaboration centers on Datavault AI's patented Carbon Credit Tokenization System, which enables scalable, transparent, and fraud-resistant carbon credit verification and trading. This technology integration with blockchain aims to enhance sustainability reporting while addressing longstanding challenges in carbon market transparency. Nathaniel Bradley, CEO of Datavault AI, described the agreement as a significant milestone in the company's strategy to commercialize its patent portfolio across high-growth industries like sustainability and carbon markets.
Nature's Miracle, as a sustainable agriculture and environmental technology company, will leverage the tokenization system to advance its environmental initiatives. The technology represents a convergence of Web 3.0 capabilities with environmental sustainability goals, potentially setting new standards for carbon credit markets worldwide. The licensing arrangement provides Nature's Miracle with exclusive global rights to develop and distribute solutions based on Datavault AI's proprietary system, creating a powerful combination of environmental technology expertise and blockchain innovation.
The financial terms include both upfront payment and ongoing revenue sharing, with Datavault AI receiving 35% of all gross revenue generated from the technology. This structure aligns the interests of both companies in the successful commercialization and adoption of the carbon credit solutions. Additional information about Datavault AI is available through the company's newsroom at https://ibn.fm/DVLT. The full details of the licensing agreement can be found in the official press release available at https://ibn.fm/Y8rgH. This partnership represents a significant step in applying advanced data tokenization and blockchain technologies to address global sustainability challenges through improved carbon market infrastructure.
