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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNew cryptocurrency designed to save the Amazon rainforest.
Last edited Sun Mar 27, 2022, 10:48 AM - Edit history (2)
NFTs are a kind of crypto asset that exploded in popularity last year, with a unique digital signature guaranteeing they are one of a kind. Other efforts to fund conservation via NFTs include plans for a South African wildlife reserve.
In Brazil, a company called Nemus on Friday began selling NFTs granting buyers unique sponsorship of different sized tracts of forest, with the proceeds going to preserve the trees, regenerate clear-cut areas and foster sustainable development. Token holders will not own the land itself, but will have access to key information about its preservation, from satellite imagery to licensing and other documentation, said Nemus founder Flavio de Meira Penna.
Plots vary in size from a quarter of a hectare to 81 hectares (0.6 to 200 acres), which buyers will be able to locate with online maps. NFTs for the smallest plots sell for $150 and the largest fetch $51,000, said Penna, who is hoping to raise $4 million to $5 million to buy an additional 2 million hectares of land already under negotiations in the municipality of Pauini in Amazonas state.
Response to JudyM (Original post)
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JCMach1
(27,540 posts)Response to JCMach1 (Reply #2)
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JCMach1
(27,540 posts)To do the encryption/decryption part of the Blockchain database
Response to JCMach1 (Reply #4)
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JudyM
(29,105 posts)Good to know about, even though its slow going.
DFW
(53,930 posts)But cant I just write a check?
I have no interest in purchasing any property rights down there. If I could make sure no one else (except some passing Xingu, or whoever) did anything there for the next 100 years, it would be great. Not that I expect Bolsonaro or his pals to respect the rights or wishes of any absentee owner's land in the first place.
JudyM
(29,105 posts)when you have a bit of time to check it out:
https://impactful.ninja/best-charities-for-the-amazon-rainforest/
https://www.globalcitizen.org/en/content/organizations-donate-amazon-rainforest/
https://www.charitynavigator.org/index.cfm?bay=content.view&cpid=7477
Thanks for asking about it! I should have posted this in my OP.
Tennessee Hillbilly
(574 posts)donating to a rainforest preservation non-profit like Rainforest Trust. For 30 years, it's been saving real acres of rainforest through land purchases and designations. For determining what to buy, it tries to identify areas that are the most crucial for preserving critical habitats of endangered species.
JudyM
(29,105 posts)Im going to look into them to donate, too.
Tennessee Hillbilly
(574 posts)relate to the Amazon region, which makes sense because that's what you've focused on throughout this thread.
So I would just like to clarify that Rainforest Trust also has projects In other parts of the earth, such as Africa and Asia, not just in the Amazon region.
Response to Tennessee Hillbilly (Reply #10)
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