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Carbonland Trust is one of the projects on the XRP Ledger that is pushing the boundaries of potential NFT use.
Last year, Ripple launched the XRPL Grants program, an initiative to attract, fund and support the community of independent developers and their XRP Ledger-based tech projects. The Carbonland Trust is one of more than 20 projects to receive funding as part of a program aimed at protecting forestlands with NFTs related to CO2.(and more).
The project focuses on creating the first NFT with credit for CO removal2, a carbon credit producing digital assets and the DeFi protocol for forest conservation. In addition, the project includes CO2, which offer companies and individuals the best way to remove CO2, hedge against a rise in the price of carbon credits.
Carbonland Trust has been successfully selected as the XRPL Second Wave Grant Winner With a grant in $200,000, which is eight times the amount of the first-wave grant received in September 2021 year in In the amount of $25,000 for initial work on the Carbonland Trust protocol.
The Carbonland Trust is one of many projects funded under the XRPL Grants program, which is now being tested in the XRPL XLS-20 sandbox.
With blockchain technology, you can now prevent deforestation, conserve biodiversity and enjoy the outdoors by joining the CarbonlandDAO . Blockchain Laboratories LLC Develops ESG NFT to represent rights to visit and stay in CarbonlandDAO-protected forest areas.
And, if you are a forest owner, you can earn income from the sale of carbon removal credits by registering with Carbonland Trust protocol by carbon conservation. It develops revenue streams for landowners from carbon credits and long-term contracts for them.
Starting in April, membership NFTs and management tokens can be purchased to become part of CarbonlandDAO. NFTs and tokens can be used to reserve vacation time on preserves and to vote on DAO management.
Right now, at launch, the company is considering protecting land in the U.S., but will expand into Canada и Europe and other countries, depending on their real estate laws.
CarbonlandDAO’s first round of management tokens will create a funding pool that will create an opportunity to protect eligible properties.
NFT memberships are ideal for outdoor enthusiasts and nature lovers. Because they offer access to outdoor recreation areas for camping, hiking and spending time outdoors with friends and family.
This is what makes CarbonlandDAO different from other conservation organizations. Most people who support other conservation efforts never get a chance to set foot on the property they help protect.
Proceeds from the sale of carbon credits from DAO properties will help support conservation efforts and pay for any property improvements.
#protecting #nature #NFT #XRPL