As Climate change continues to be a major global concern, carbon credits have become more and more relevant, not just for energy, agriculture, and forestry sectors, but for the entire world. Blockchain technology has helped us to develop a new wave of carbon-based cryptocurrencies, which can help us to reduce the amount of carbon emissions.
Let’s take a look at some of the most promising carbon cryptocurrency companies that are expected to make a difference by 2023.
KlimaDAO
KlimaDAO is at the center of a green economy, as it uses a variety of technologies that are powered by an energy-efficient Polygon network, to reduce market fragmentation and accelerate climate finance to sustainability projects all around the world.
Nori
Nori is a platform that enables companies and individuals to work together to reduce the carbon emissions that they have caused. It provides a safe way to invest, regardless of the size of the contribution. Each Nori Token (NRT) is equal to one ton of CO2 that has been removed and stored for at least 10 years, verified by independent audits.
Read more: Bitcoin Miners Could End BTC’s Recent Price Rally – Here’s Why
DevvStream
DevvStream is a seed capital provider for sustainability projects, in exchange for rights to carbon credits. It runs on a blockchain-based platform to manage and generate carbon credits, and invests in projects that create renewable energy, improve energy efficiency and reduce or eliminate carbon emissions.
Toucan Protocol
The Toucan Protocol helps to improve the infrastructure of environmental assets by using Web3 technology. It solves problems such as fragmentation, inefficiency, lack of uniform data, limited access, etc. Its programmable carbon permits can be embedded in economic transactions.
Moss
Moss is a group of people and businesses that are dedicated to fighting climate change. Blockchain technology helps to facilitate the clearing process and ensure transparency and traceability. Its token Moss allows individuals and companies to buy high-quality carbon credits.
Also read: Crypto Fraudster Accused of Stealing $4.5 Billion Bitcoin Finds a New Job in Marketing
