In this technology-driven world, climate change is one of the most critical issues. It affects every living organism on this planet and could have long-lasting consequences. Therefore, carbon credits are not only limited to sectors like energy, agriculture, and forestry.
A budding movement within the cryptocurrency industry says it can keep carbon out of the atmosphere by locking it on a blockchain.
That’s why many carbon crypto companies are already in the works. The core strengths of blockchain technology like its transparency, secure record-keeping, and decentralization are advantages for carbon credits. With that said, let’s take a look at the top 5 carbon crypto companies going from the cryptosphere to the atmosphere in 2023.
KlimaDAO
KlimaDAO is the center of a new green economy. Built on the energy-efficient Polygon network, KlimaDAO uses a stack of technologies to reduce market fragmentation and accelerate the delivery of climate finance to sustainability projects globally.
Nori
Nori is a platform that allows businesses to help repair the planet by removing any carbon emissions they can’t yet avoid creating. Everyone can invest in this platform with confidence, no matter how big or small their contribution. Each Nori Token (NRT) represents one tonne of removed CO2, stored for a minimum of ten years, and is independently verified and audited to ensure each NRT truly represents one tonne of carbon sequestered properly.
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DevvStream
DevvStream provides upfront capital for sustainability projects in exchange for carbon credit rights. Through these rights, the company generates and manages carbon credits by utilizing the most technologically advanced, blockchain-based platform. DevvStream invests in green projects that generate renewable energy, improve energy efficiencies, eliminate or reduce emissions, or sequester carbon directly from the air.
Toucan Protocol
By improving infrastructure for environmental assets in Web3, Toucan Protocol helps in solving key market issues: fragmentation, inefficiency, a lack of uniform data, and limited access. Also, its programmable carbon empowers builders and innovators to integrate climate finance into the very fabric of economic transactions.
Moss
Moss unites various companies and people with a common objective: to combat climate change. It simplifies the offsetting process and guarantees the traceability and transparency of everything we do by using blockchain technology. With its token, Moss is focused on providing a platform for companies and individuals interested in offsetting their carbon emissions to purchase high-quality, fully transparent carbon credits.
Also Read: Crypto Fraudster Charged In $4.5 Bn Bitcoin Theft Lands New Marketing Job
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
