SkyBridge buys 38,500 tons of carbon offsets
SkyBridge Capital has purchased 38,436 tons of tokenized carbon offsets. Global investment firm SkyBridge Capital has partnered with carbon credit provider MOSS Earth to purchase tokens representing 38,436 tons of carbon offsets. SkyBridge announced the move on August 2, with founder Anthony Scaramucci forecasting that the Bitcoin mining industry “will be fully renewable by the end of the decade." For the meantime, Scaramucci believes carbon offsets offer an “effective” means for the sector to improve its ecological footprint:"In the interim, carbon offsets represent an effective way to....
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The carbon offset accumulating DAO on Polygon has rapidly increased the amount of offsets it has in its treasury by increasing spending and diversifying its source of offsets. Carbon offset protocol KlimaDAO has now accrued over 14 million on-chain carbon offsets and is causing waves in the more traditional carbon offset industry.The aim of KlimaDAO is to acquire as many carbon offsets as it can in order to drive up their value and make offset-generating activities more profitable.The Mark Cuban-backed project’s treasury has added over 5 million carbon offset tokens since late Nov. 2021,....
Climate activism via blockchain is becoming a serious topic of discussion among academics and industry professionals as carbon offsets are tokenized. Climate-change focused Klima DAO has accumulated over 9 million tonnes of carbon offsets according to a Nov. 8 announcement. The USD value of those offsets has surpassed $100 million.In a blog post, the project explained that those offsets are equivalent to the annual emissions of Georgia, Jamaica, or Papua New Guinea. The Klima DAO protocol aims to increase the price appreciation of carbon assets.The core team told Cointelegraph that it....
Toucan Protocol’s Rob Schmitt believes blockchain gaming could have a much better environmental reputation if games integrated carbon offsets. Nonfungible tokens (NFT) and blockchain technology have developed an unfortunate stigma in some sections of the community for being bad for the environment — but could that perception be changed by integrating carbon offsets into NFT gaming?GameFi, or gaming finance, marry NFTs and gaming. Blockchain games account for nearly $12 million in daily volume from over a million gamers according to app tracker DappRadar. Toucan Protocol COO Rob Schmitt....
The billionaire investor believes DeFi degeneracy can be harnessed for the purpose of environmental social governance. Famed billionaire and reality TV star, Mark Cuban, has revealed he is using blockchain technology to lock up carbon offsets on the Polygon network.In a Nov. 13 Twitter thread sharing a Cointelegraph story on KlimaDAO, the billionaire blockchain enthusiast stated that he has been buying $50,000 worth of carbon offsets and placing them on-chain as Base Carbon Tonnes (BCT) roughly every 10 days since the launch of KlimaDAO. BCTs are digital assets bridged onto the Polygon....
Bitcoin mining companies must prove carbon neutrality as new regulations come to play, but are carbon offsets enough? Bitcoin (BTC) mining has always been a controversial topic. But, Bitcoin’s proof-of-work (PoW) model has reached new levels of concern as senior decision-makers and investors pay closer attention to environmental, social and governance factors. As such, many crypto miners are highlighting environmentally friendly practices by acquiring carbon offsets. Yet, some would argue that this isn’t enough to guarantee green Bitcoin mining. Other risk factors may also be involved with....