Check out these exciting projects utilizing tokenized carbon credits on the Celo blockchain — from #NFTs & decentralized climate investing to #DeFi applications & #ReFi indexes! 🧵
#ReFlySummer1/ @celostrials is integrating NCT into their NFT collection, so that Celostrial holders can carbonize their aliens and earn climate activity rewards with them
Celostrials is also working on an open source, green ERC721 standard
@KlimaDAO might introduce inverse bonds. What are they, when could they come into effect, and how can they impact the #ReFi ecosystem and on-chain carbon market?
We'll dive into the good, the bad & the ugly 🧵 @KlimaDAO 1/
A bit of context: KlimaDAO is by far the largest holder of tokenized carbon, with +18m tonnes locked away in their treasury
Carbon gets sucked into KlimaDAOs treasury via bonds
But if inverse bonds for tokenized carbon are introduced, it won't stay in there... 👀
Bridges connect the legacy carbon market with #Web3 carbon market infrastructure
How does an ideal bridge look, and how do we get there?
Let’s dive in 🧵
@VerraStandards 1/
An ideal bridge is a two-way bridge where carbon credits can freely flow between the off-chain and the on-chain world
Whatever is bridged on-chain can be bridged back, anytime and autonomously ↩️
The bridge should be deterministic and won't need a custodian
May 26, 2022 • 26 tweets • 38 min read
We - as humanity - need to significantly scale up our carbon removal game. And we need to do it really fast. Otherwise, we won’t be able to prevent the most destructive outcomes of the climate emergency
Here are 7 promising carbon dioxide removal (CDR) solutions
A 🧵
1/
1️⃣ Forestation
Our forests are responsible for removing nearly 30% of human CO2 emissions annually. Forestation could remove 4-12 giga-tonnes of carbon/year
It's important to keep in mind that stopping deforestation is more effective than a reforestation project
May 25, 2022 • 15 tweets • 7 min read
Today, @VerraStandards made a public announcement addressing crypto instruments and tokens. 3 key pieces of news affect the Toucan Protocol
Let's dive in 🧵
@VerraStandards 1/
Verra
1️⃣ prohibits further bridging of carbon credits on-chain
2️⃣ explores a path to tokenization by introducing an “immobilized” state into their registry
3️⃣ launches a public consultation to create the best carbon market system