VP of Corporate Strategy and Operations Emi Yoshikawa believes Non-Fungible Tokens (NFTs) can serve as more than just collectibles—especially in the fight against climate change.
While utility-based NFTs hold vast potential, one use case in particular is taking off in the world of sustainability: the tokenization of carbon credits. Because of the inherently efficient and traceable nature of blockchain technology, carbon credit NFTs can greatly reduce inefficiencies in existing carbon markets.
NFT carbon credits allow for more accurate tracking of the source of carbon reduction, the ability to differentiate the quality of different carbon credit projects and increase verifiability. By making this market more efficient, businesses may be more likely to participate in the global effort to reduce carbon emissions.
Learn more about how NFTs can be used for good in this 1 minute video.
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