•Hollywood is a top-down, centralized industry
•Web3 offers community ownership & involvement
•Web3 offers decentralized fundraising & distribution
•Use this thread to follow the leaders in the space
People think it's horrible for the environment. New York recently passed a Bitcoin mining bill & more crypto-climate regulations are on the way.
But what if Web3 could be used to fight climate change?
A Look at Carbon Credits & The Blockchain
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To understand how Web3 can help solve the climate crisis, let's start by understanding carbon credits & the "Cap & Trade" system.
Carbon credits are a permit that represent 1 ton of carbon emissions removed from the atmosphere.
Once a credit is created, its bought & sold on a marketplace, which is has 3 participants:
•Buyers: Companies wishing to reduce their carbon footprint
•Sellers: The creators of carbon reducing projects (think tree planting)
•Speculators: Those buying & selling credits