The NFT market has become famous for fetching eye-watering sums. From Jack Dorsey’s first tweet to Beeple’s record-breaking $69 million NFT sale, for a while it seemed like NFTs were taking over the internet. Yet now, with the initial bull run out of the way, the innovation of NFTs can become more widely understood and investable.
As we enter Q2, the NFT market is maturing, and as it does so new ways of instilling value into digital art are coming into focus. Carbonized NFTs are a prime example of this promising future for NFTs. Here’s why…
Bringing Carbon Offsets Down To Ground
Most of us have encountered some form of individual carbon offsetting before, usually in the form of air travel offsets or similar. But the truth is that at the moment there aren’t many ways regular people can offset their emissions. We think it’s about time that changed, and carbonized NFTs will make offsetting easier, more accessible, and more personalized.
With our carbonized NFTs, you’ll be able to purchase carbon credits to cover yearly emissions for the average European or American (including the cost of minting, too.) For offsetting a year’s worth of carbon, buyers will receive a unique NFT, certifying the carbon offset and providing details about the project you are supporting, like location, date minted, and type of activity.
Like A Rolling Genesis Stone
The first carbonized NFT was launched last December by carbonized.xyz — called the Genesis Stone, pictured here. 100 NFTs if this kind were minted with the sole purpose of consuming tokenized carbon offsets. These NFTs were linked to on-chain carbon offsets which would be taken out of circulation once the NFT was minted. The idea is that fewer carbon credits in circulation mean more incentives for companies to create new carbon credits through innovation. The project was a massive success, with all 100 NFTs selling out within 4 hours, at around €40,000 apiece!
Climate-positive projects like these are a promising sign of things to come for a market that has often attracted mainstream bemusement. The Genesis Stone project was modeled in part on EtherRock, one of the original NFT projects, and one of the first NFTs to attract the attention of mainstream media. There was much written about buyers essentially paying “$1.3 million for a picture of a rock”, which led to debate over how much value a ‘JPEG’ can ever really be worth.
Carbonized NFTs however are backed by projects on the ground offering more than just an image to collectors.
A New Phase For NFTs
Carbonized NFTs offer the opportunity for the NFT market to ‘come of age’ and become a force for real positive change. These NFTs won’t just be memes with price tags attached. They’ll represent real, tangible activity that helps lessen the impact of the holder on the planet. That’s something worth shouting about, and with NFTs as proof of offset, they’ll be able to. With Metaverse compatibility, holders of carbonized NFTs will be able to show others in Web3 that they’re serious about fighting climate change, and that they’ve made the financial commitment towards the prosperity of the planet.
Stay tuned for more information on Likvidi carbonized NFTs, coming soon.
Join us >> https://t.me/likvidiofficial
By Rowan Mann