In USV, we invest in networks that help coordinate human behavior on a large scale, especially in edge One of the large markets that suffer from transformational pressure.
Today we announce our investments in Glow protocolWhich stimulates the spread of solar infrastructure. The Glow approach is radically different from the current green energy support systems, which is inspired by the very open and competitive incentives model in Bitcoin.
Glow deals with a fundamental challenge in solar infrastructure: How to target subsidies to create an additional additional energy only as it has a climate effect. The protocol takes what may seem to be an extraordinary approach – requires 100 % of their electricity revenues to join the joint incentives that include carbon credits created by the network and symbols known as GLW. This creates a mechanism for self -control as it will share projects that only need additional incentives, because profitable independent projects prefer to keep their revenues more than carbon and symbol credits trade.
From the market perspective, the Protocol for rewards creates an interesting balance. Parallel to Bitcoin extract is useful here – Bitcoin’s difficulty guarantees that only the most effective miners can run the network towards increasing operations. Glow applies this mechanism itself to solar publishing: farms compete for a set of fixed bonuses of distinctive GLW and carbon credits, which naturally pushes the development towards the most influential sites with the most efficient processes. Over time, this competition should reduce the cost of carbon reduction, similar to how Bitcoin mining dramatically in computing efficiency.
The energy sector is subjected to tremendous pressure: the artificial intelligence electricity adds a huge demand, while the societal need to remove carbon increases only. In the end, we believe that the future of climate technology will require new coordination mechanisms that can direct the capital efficiently to the maximum effect. Glow is an ambitious experience in using encryption networks to create these mechanisms.
We are proud of support David And the Glow team, along with the participants in Framework Ventures, in this $ 30 million financing that will support the continued development of the glow protocol as well as expanding solar energy farms on the scale of glow.
