Cryptonetworks inherently enable more efficient markets.
While much of crypto is focused on finance, there are startups tackling larger issues such as climate change.
Nori is using crypto primitives to create a more efficient carbon market for CO2 removal.
A thread 🧵
Tackling the problems associated with climate change will be one of – if not the largest – issue that the current generation faces over the coming decades.
The secondary effects of climate change are staggering. Mass migration. Decreased biodiversity. The list goes on.
Carbon emissions mitigation will not be sufficient. The focus must shift toward carbon sequestration – removing CO2 from the atmosphere.
Nori is developing a carbon removal marketplace that facilitates the trading of carbon offsets. messari.io/article/nori-a…
Nori uses a dual token model for its marketplace:
NRTs – an NFT certificate representing one tonne of CO2 pulled out of the atmosphere.
NORI – exchangeable for NRTs that act as the price for removing carbon.
Nori presents a novel, market opportunity to enhance the existing carbon emissions market and fight the climate crisis.
Read the full piece to understand Nori’s solution in the deeper context of the carbon markets. messari.io/article/nori-a…
Lastly, for anyone looking to learn more about regenerative farming – which is how Nori's solution ties into carbon removal – Netflix's Kiss The Ground documentary is wonderful. Added plus, Woody Harrelson is the narrator. kisstheground.com
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I’d like to expand on their mental models with a broad framework for how to categorize NFTs. messari.io/article/the-ar…
1️⃣ Individual NFTs and Collections
Ex: Axies, ENS domains, Trading Cards, Decentraland LAND, digital art
While individual NFTs may accrue notable value based on their utility or scarcity, this may not be the most effective strategy to capitalize on the growth of the NFT sector.
The fuse connecting the NFT and DeFi worlds has been sparked by projects like Axie Infinity, Rarible, and MEME integrating DeFi concepts like liquidity mining and staking to build early networks.
NFTfi has facilitated over $60,000 in NFT-collateral backed loans between users.
Launched in May 2020, NFTfi is a protocol that enables users to deposit their NFTs as collateral in order to obtain an ETH denominated loan.
NFTfi is witnessing signs of early traction with over $3,500 in interest paid from over 60,000 in total platform loans.
Besides loans, I expect new iterations on DeFi inspired ideas like NFT staking, insurance, and fractionalized NFTs to gain steam in the coming year.
Rarible is a nonfungible token (NFT) marketplace where you can create, buy, and sell digital assets.
While the marketplace only launched in 2020, it’s already garnered ~$6 million in total platform sales. 🧵
The war for NFT supremacy is underway – read the full analysis to find out if RARI is a rare opportunity or an overhyped governance token. messari.io/article/a-rari…
Rarible's growth corresponds with the launch of RARI – the platform's governance token – and Rarible's marketplace liquidity mining program.
is designed to reward platform users – buyers and sellers – with the ability to eventually govern the marketplace and trading fees.
The evolution of crypto primitives is happening at breakneck speed. Primitives like liquidity mining & social tokens – representing individuals and human capital – are now converging.
One social token, WHALE now has a market cap of $16m backed by a $1m portfolio of NFTs.🧵
tokens are indirectly underpinned by all of @WhaleShark_Pro's NFT assets, held in an address known as “The Vault” and are actively managed by WhaleShark.
@TheSandboxGame NFTs account for about 50% of all assets in the Vault. Next, are SuperRare(15%) and Gods Unchained(9%)