Companies in the carbon credit industry Climate Futures recently announced the launch of the ecoNFT Launchpad at Polygon. It leverages 1PLANET Carbon Credit (1PLCO2) tokens and 1PLANET Marketplace to create carbon negative NFTs.
Through the 1PLANET Marketplace, users can calculate carbon dioxide emissions, offset emissions and select climate projects to support. In addition, Climate Future’s ecoNFTL launchpad allows anyone to seamlessly create NFTs or NFT collections using the 1PLANET Carbon Credit (1PLCO2) Utility Token. It is also a carbon drawdown bot that can be used in any NFT marketplace or game.
The platform initiates carbon drawdowns by burning carbon credits each time the NFT is cast or sold, allowing the NFT to be used as a means to build a carbon negative network.
1PLANET allows businesses and people to take climate change measures by offsetting the carbon footprint between smart contracts on the chain. This also allows users to create ecoNFTs for live and online events, or create ecoNFT tickets to automatically offset the event’s carbon emissions in a fully auditable and transparent way. ..
Carbon negative status by 2022
This initiative is part of the official sustainability statement, in parallel with the work of polygons to build climate offset verticals. Polygon recently outlined in “Green Manifesto: A Smart Contract with Planet Earth” the goal of achieving carbon negative status by 2022. Environmentally Friendly.
Currently building a climate offset vertical, Polygon is working with the project to create carbon credits as ERC tokens or NFTs and create a carbon credit marketplace that facilitates trading in these carbon credit chains. I’m helping you to do it. Launching 1PLANET ecoNFT in partnership with Climate Futures is the latest step in this direction.
Blockchain is often monitored by consuming large amounts of electricity without returning anything to Earth, and Climate Futures first needed to create a platform to reduce these large carbon dioxide emissions. It was a recognized company. With over 20 years of experience in prominent governments and carbon trading desks, Climate Futures has created 1PLANET to help individuals and businesses of all sizes estimate and offset carbon emissions.
The 1PLANET project was initially started on the Ethereum blockchain, but Ethereum was inadequate due to high transaction costs and low efficiency.
“We need better efficiency, and Polygon makes it possible. Polygon enables new use cases and microtransactions of tokenized carbon credits that don’t work well with Ethereum,” said Climate Futures. CEO and founder Jesse Uzzell said. “We also designed smart contracts that allow automatic carbon offsetting between other smart contracts so they can be integrated with other polygon ecosystem projects.
“What sets us apart from other crypto carbon initiatives is our deep knowledge of carbon projects and how companies can mitigate their carbon footprint to achieve net zero. We work with organizations of all kinds, not just blockchain. We have designed 1PLANET to have multiple integration options for cryptographic projects, e-commerce, logistics and more.
“We wanted to emphasize the true usefulness behind the 1PLANET token (1PLCO2) by introducing it in the ecoNFTLaunchpaddApp in NFT.nyc. Our hope is that the NFT project will use carbon negative ecoNFT. By doing so, the project is to choose to enable climate change control. ”
Climate Futures unveiled a new polygon-based 1PLANET Marketplace at the Ultra Music Festival in Miami. As a climate partner for the event, Climate Futures has created an on-site activation to offset the event’s carbon dioxide emissions with blockchain technology and educate participants on climate change countermeasures.