The token is also available for trading on major cryptocurrency exchanges such as Coinbase, Gemini, and Mercado Bitcoin, and on the Celo network.
Since MCO2’s launch, Moss.Earth has sent $30 million to Amazon preservation projects, preserved 301 million trees, and avoided 1.33 million tons of emissions.
Founded in 2020, Moss.Earth just raised $10 million in Series A funding to further its vision.
Adaime cites traceability and security as major reasons to tokenize carbon credits versus distributing and monitoring them via traditional routes.
Moss also uses third-party audit companies to go through the ledger of transactions and ensure MCO2 tokens were only transacted once.
When credits aren’t on the blockchain, the buyer must depend on the conservation project’s credibility or on the carbon credit registries that work as watchdogs for such transactions.
It purchased 50 hectares of the Fazenda Rio Azul in Para state in January 2022 and subsequently made shares of it available as NFTs.
Beyond that, a person can do whatever they want with the land — including reselling it by selling their NFT — so long as it “does not impair the local ecological balance.” Without delving into specifics, the company says it will arrange trips for curious owners to visit their land at some point in the future.
NFTs for Blue River Farm became available for purchase on the OpenSea marketplace in January, and Adaime says the company sold about $100,000-worth in a couple of hours.