V1 Platform: Amazon
Decentralizing Carbon Project Ownership
Last updated
Decentralizing Carbon Project Ownership
Last updated
Amazon's primary focus will be the tokenization of carbon projects. Initially, this will occur when ReFi Protocol contacts a project developer to fund development for their next carbon reduction initiative. The tokenization process will begin once ReFi Protocol’s respective project allocation is confirmed.
• Tokenizing Real-World Assets (RWAs) of Carbon Projects into pCRBN NFTs
• Each pCRBN NFT Signifies a Tangible Portion of a Carbon Project
As opposed to tokenizing carbon credits from registries like Gold Standard and Verra, which have raised objections to such actions, ReFi Protocol is working directly with project developers. Therefore, pCRBN NFTs are accompanied by comprehensive metadata detailing the project’s origin, environmental impact, and sustainability practices, ensuring the traceability of carbon projects and enhancing market trust. Each pCRBN NFT, signifying a portion of the carbon project, is tied to a tangible carbon project (forests, solar sites).
With the utilization of $REFI, users may rent ownership of pCRBN NFTs. By doing so, users will gain access to our staking pool with up to a 110% APY for the renting period. Also, users will fund a verifiable carbon project through renting, providing genuine environmental impact through blockchain technology.
The utilization of our V1 platform is simple. With the minting of ReFi Protocol’s pCRBN NFTs, users and organizations can purchase or rent tokenized portions of active carbon projects through our dashboard.
Overall, by focusing on tokenizing tangible physical carbon project assets, ReFi Protocol aims to be a first-mover in providing a transparent, verifiable, and sustainable approach to managing carbon projects, encouraging genuine efforts to combat climate change.
