To raise awareness on this high environmental cost, Kryptonurd and ClimateTrade are partnering to bring to Algorand, the first carbon-negative blockchain in the world, NFTs that not only have a negligible environmental cost, but that also serve to finance carbon credits, offsetting more emissions than they create.
According to Francisco Benedito, CEO of ClimateTrade, “It is crucial to expand and raise climate change awareness to a broader reach.
The initial series will produce 580 NFTs, with two-thirds of the gross proceeds going directly to the carbon offsetting projects selected by the community and with carbon credit certificates being created for each verified transaction on the blockchain.
A pioneer in establishing a voluntary marketplace for climate credits, and having led the development of blockchain, ClimateTrade has launched a digital solution that allows and promotes the acquisition of carbon-neutral products and services by customers and suppliers of different companies.
KryptoNurd is a popular YouTube personality focusing on the Algorand ecosystem with a special interest in environmental projects.