You can now buy gold-backed NFTs with the mining carbon footprint offset

You can now buy gold-backed NFTs with the mining carbon footprint offset

Wallet provider Lohko has launched gold-backed NFTs offering carbon offsets. Digital asset wallet provider Lohko and London-based tech firm Mattereum have teamed up to launch nonfungible tokens, or NFTs, that are backed by gold and have carbon offsets attached.According to a May 26 announcement the tokens represent ownership over physical gold bars that are stored in a vault in Singapore managed by partner Bullionstar. Each NFT represents an underlying bar of gold, with both the token and the physical bar of gold sharing a unique serial number. The tokens are also sold with a warranty....


Related News

Reduce Your Carbon Footprint Using Bitcoin! Interview With Guy Lane, CEO Of My Clean Sky

My Clean Sky, an innovative company out of Australia led by CEO Guy Lane, allows users around the world to offset their carbon emissions. Every time you drive or take a plane from point A to point B, you are creating excess carbon and contributing to global warming. In fact, every minute your computer runs, every time you download the blockchain: Carbon is emitted. Most of us have accepted this fact and don't think twice about it because not using cars, planes, or computers is not a possibility. For those whom would still like to quiet their burning conscious, My Clean Sky provides an....

Ninepoint To Fully Offset Carbon Footprint Of Its Bitcoin ETF

Canadian investment manager Ninepoint will invest management fees in forest conservation to offset the carbon footprint of its bitcoin ETF.

Mastercard NFTs will help consumers offset carbon ‘down to a cup of coffee’

Mastercard is set to incorporate carbon footprint tracking into its blockchain-based solution, to help consumers offset carbon emissions through their purchases. Leading payment technology provider Mastercard will help consumers directly offset carbon emissions and choose better products for the environment via its blockchain-based Provenance Solution.The system provides such granular detail that consumers can choose a more environmentally friendly cup of coffee, or a sustainable T-shirt, by interacting with the carbon credits directly related to that item, as represented by a nonfungible....

Blockchain Coalition Launches Tradable Carbon Credit Token

The UPCO2 token represents a certified measure of carbon dioxide and can be traded, held or burned to offset an individual’s carbon footprint.

Universal Protocol Alliance introduces tradable carbon token

“Combine a digital asset with a rainforest carbon offset and give everyone in the world access." An alliance of crypto firms is introducing tokenized carbon credits for individuals to offset the amount of carbon dioxide they contribute. According to a Dec. 1 announcement, the Universal Protocol Alliance, or UPA, has launched a tradable carbon token on a public blockchain. The UPA stated that crypto users can “burn” the Universal Carbon token, UPCO2, to offset their carbon footprint. However, they also have the choice of holding the tokens, or trading them like any other digital asset using....