These utility NFTs use Web3 innovation to decentralize the carbon offset industry and add equity and inclusiveness to climate finance.
Many of the world’s mature forest communities are excluded from climate finance, hindering the sale of carbon offsets. They are excluded by intermediaries who consider carbon sequestration from mature forests to be “normal business” and not additional. As a result, some members of these mature forest communities are resorting to illegal logging or the start of wildfires to turn forest land into farmland to feed their families.
As an alternative to logging, the Carbon Collectible NFT is on a mission to help these low-income communities use NFTs to monetize mature forests. Each NFT is available as a customizable avatar, but also sponsors one dedicated plot of mature forest area equivalent to one hectare (2.47 acres). Each plot of the forest area conveys to the relevant NFT the right to five voluntary Web3 carbon offsets per year. Each NFT also includes the right to use avatars and land parcels in games and Metaverse applications. Carbon Collectible NFT has released a waiting list of the first 2,000 NFTs in the Genesis collection of Web3 carbon offset NFTs.
One of the key benefits of Carbon Collectible NFT is a satellite navigation app that bypasses exclusive and affordable centralized carbon brokers. This SatNav app bypasses these intermediaries by automatically measuring the carbon removal rate of forests using satellite imagery, machine learning and artificial intelligence. The SatNav app also allows NFT owners to zoom in using satellite navigation to see a plot of their assigned forest area. This enhances history and transparency.
The SatNav app enhances the physical rarity of these NFTs by locating rare sites of interest in the forest, such as waterfalls and caves, and calculating the distance from the NFT’s dedicated forest area. increase.
The Avatime Forest community in the Volta region of Ghana is the first beneficiary of these mixed reality NFTs. They receive 65% of the revenue from NFT sales – 15% for forest management activities and 50% through social innovation studios. This Social Innovation Studio uses Web3 innovation to help local entrepreneurs rethink sustainable and profitable solutions to legacy challenges. The ultimate goal of the Carbon Collectible NFT is to use Web3 to mobilize social impact communities aimed at minimizing deforestation while improving local entrepreneurship, work and alternative livelihoods. Is to do.
Mark Lawrence, founder of Carbon Collectible NFT, reportedly said: “Many traditional forest carbon offsets represent historic carbon. They are in the fight against global warming yesterday. Conversely, Web3 carbon offsets represent current and future carbon sequestration. They are sponsoring an ongoing fight against global warming. ” He adds, “Carbon Collectible NFT is the first and only opportunity to buy the Genesis collection of Web3 carbon offsets.”
For more information on Carbon Collectible NFT, visit http: //ccNFTs.io or visit http: //V1.ccNFTs.io for a video overview.
Company Name: ProcessGuru, Inc.
contact person: Marc Lawrence
Email: I send an email