Značka: carbon offsets

Could GameFi and carbon currencies reverse blockchain's climate stigma?

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 thinks that volume and those users could be harnessed to benefit the environment.Schmitt told Cointelegraph that using carbon offsets as an element in blockchain games could create “by far the most planet-friendly system we’ve ever seen.” He envisions a GameFi space that uses carbon offsets as in-game currency, and urges game makers to get creative. “Games don’t have to have an entire economy based on offsets, but they should be embedded in a way that makes sense,” he said. Schmitt said there are already teams of game makers working with Toucan to bring carbon offsets into their work, such as Atlantis World.“The narrative that ‘blockchain is killing the world’ is an argument we can turn around with carbon offsets.”Toucan Protocol tokenizes certified carbon offsets on the Polygon (MATIC) network as Base Carbon Tonnes (BCT). Demand for gaming companies to go green is ramping up as game studio Space Ape Games, which publishes Fastlane went carbon neutral in 2019. Green Geeks reported that game publishers SuperCell, Rovio and Sybo are offsetting their company’s carbon emissions.The perception that blockchain technology is bad for the environment is often propagated by the traditional gaming industry. Major online game outlet Steam banned any titles with NFTs or cryptocurrency last October. In February, game provider Itch.io tweeted that “NFTs are a scam” that aren’t useful for anything other than “the destruction of the planet.”That negative perception betrays a lack of awareness of the carbon emissions associated with different consensus mechanisms. The Polygon network and a number of other NFT and gaming focused chains use the Proof-of-Stake (PoS) consensus algorithm which means power consumption and environmental impact is greatly limited.Cointelegraph reported in April that the Polygon team aims to make the network carbon neutral this year. Other blockchain networks that support NFT gaming and feature meager or neutral carbon footprints include Wax (WAX), Solana (SOL), and BNB Chain (BNB). Ethereum (ETH) is expected to switch to PoS in the coming months with August the most recent estimate for the Merge.Related: Game on: Yield Guild Games scholarships on the rise through Q1While ubiquitous climate conscientiousness is a lofty goal, Schmitt admits that “everything doesn’t have to be climate action.” Furthermore, gamers don’t necessarily have to be aware that the games they enjoy may be carbon neutral because it doesn’t take much action on their part to have an effect. Schmitt said:“The vast majority of games won’t be related to climate action, but only a small portion of them are needed to do a lot of good.”He says that climate activism doesn’t need to be the main focus for game developers, especially if they are already deploying work on climate-friendly blockchains. “Developers should focus on making fun games first, and they may be able to attract new audiences with carbon offset integrations.”

Čítaj viac

KlimaDAO increases carbon offset stash by 50% in two months

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, bringing the total to 14.5 million as of the time of writing. Its offsets are tokenized and bridged to Polygon (MATIC) in the form of Base Carbon Tonnes (BCT) by Toucan Protocol and the new MCO2 tokens by Moss, which were first added to the treasury on Jan. 6. KlimaDAO now owns the majority of the 17 million BCTs in existence.The decentralized autonomous organization is spending $100 million on offsets.Much of the $100 million used for buying offsets comes from the sale of bonds, which are used to increase the funds available to the DAO. Users are incentivized to buy bonds by receiving a discount on KLIMA, the native token from the project. On Jan. 6, the DAO boosted the discount on KLIMA bonds to help raise more funds needed to buy more offsets. The DAOs rapid acquisition of carbon offsets has caught the attention of the traditional carbon offset firm Gold Standard. CEO Margaret Kim criticised the DAO in the Wall Street Journal, suggesting the anon team behind the project posed transparency issues.“We are also concerned about the fact that the founders are anonymous, which runs contrary to the need for transparency in climate action generally and carbon markets more specifically.”KlimaDAO team responded to Kim’s concern telling Cointelegraph, “There are ways to provide assurances without being doxxed.” Being doxxed refers to revealing an anonymous individual’s true identity.KlimaDAO founder Archimedes also addressed the issue of anonymity and trust in the on the Jan. 10 episode of podcast Planet of the Klimates: “Are we ever going to be at a point where we have to reveal who we are? At some point, maybe, Klima becomes so powerful that world governments demand to know who we are.”The team also told Cointelegraph that traditional firms like Gold Standard “may need more regulatory clarity into how a DAO works legally” in order to be more comfortable with the tremendous growth in the project. Related: What’s ahead for crypto and blockchain in 2022? Experts answer, Part 1The KlimaDAO team appears poised to take on the challenges associated with carbon offsets on the blockchain for the long term as it said, “We are prepared to do what it takes to make the DAO successful.”

Čítaj viac
Načítava

Získaj BONUS 8 € v Bitcoinoch

nakup bitcoin z karty

Registrácia Binance

Burza Binance

Aktuálne kurzy