Axis Technologies Group (OTC:AXTG) Stock In Focus After Latest News

The digital asset space has exploded in the past few years, and investors are often on the lookout for listed companies involved in this fast-growing sector. A company that may be worth looking into at this point is Axis Technologies Group Inc. (OTC:AXTG), a pioneering player in the digital asset space and listed on the OTC Markets. On April 24, the company came into focus after it announced that it had gone into a strategic progression of its partnership with the firm Carbonis. Thanks to the collaboration, a new blockchain platform with a DAO governance protocol was introduced.

At the time of the introduction, a first batch of as many as 50 million CO2e carbon credit tokens had been minted by Carbonis. The innovative new blockchain platform has been designed for the purpose of supporting the digitization and governance related to carbon credits. The latest project was also a demonstration of the commitment of Axis Technologies Group and Carbonis towards environmental sustainability. The DAO, or Decentralized Autonomous Organization, model of governance had been put in place in order to ensure that all stakeholders had a say in carbon credit management so as to have community engagement and greater transparency.

The Chief Executive Officer of the company, Dr. William Tien, spoke about the latest developments as well. He noted that the minting of the initial batch of 50 million CO2e carbon credit tokens had been a major step in the right direction for the company. He went on to note that the company’s partnership with Save Planet Earth had been the basis of the collaboration with Carbonis. The company’s CEO noted that Axis Technologies Group had entered into a partnership with Save Planet Earth to plant and digitize 100 million trees with NFTs (non-fungible tokens). It remains to be seen how the Axis Technologies Group stock performs today.