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Carbon Capture: The Cornerstone of Sustainable Development

Carbon Capture: The Cornerstone of Sustainable Development

    Carbon capture is the process of removing carbon dioxide from the atmosphere and sequestering it away so that it doesn’t contribute to climate change. Plants are nature’s carbon capture machines – they absorb carbon dioxide from the air and release oxygen back into it.   What plants capture the most carbon? Trees are the most efficient at carbon capture, but all plants play a role in reducing atmospheric concentrations of this greenhouse gas. Forests are particularly important as they cover large areas and contain many trees.    The United Nations Food and Agriculture Organization estimates that forests store…
How Blockchain Can Help Fight Climate Change

How Blockchain Can Help Fight Climate Change

  Blockchain technology has the potential to revolutionise the way we combat climate change.  By providing a decentralised platform for tracking and compensating for carbon emissions, blockchain could help us to make up for our impact on the environment and take steps to reduce our carbon footprint. As the world continues to experience the effects of climate change, increasingly stricter restrictions are placed on the emission of all greenhouse gases. The growing number of regulations that penalise these emissions are prompting businesses and individuals to look for ways to compensate for their carbon footprints.    Blockchain technology can be immensely…
The Difference Between Carbon Credits and Carbon Offsets

The Difference Between Carbon Credits and Carbon Offsets

  The carbon market is a financial and regulatory mechanism that aims to reduce greenhouse gas emissions. Many countries contribute to the cause through trading systems like the European Emissions Trading System. Both carbon credits and offsets were envisioned as ways of mitigating climate change.  Although often used interchangeably, carbon credits and carbon offsets are not the same. For the sake of simplicity, this article will focus on the EU ETS which has a clear division between the voluntary and mandatory carbon markets. This division makes it easy to understand why carbon offsets and carbon credits are two different things. …
Who Created the Metaverse?

Who Created the Metaverse?

  Before we talk about the mastermind behind the concept of the digital realm, let’s take a look at how the metaverse works. One of the most popular topics in the crypto community is not a new concept. 3D virtual space where people can work and socialise dates back to 1992. Combining a powerful blend of AR, VR, and blockchain technology, the world is finally ready to turn an old idea into a new project. There have been attempts in the past 30 years to bring this trail-blazing design to life. What made the idea of this digital universe attainable…
NFT Growth - Where Is This Industry Going?

NFT Growth - Where Is This Industry Going?

  NFTs are all around us. Look around you and you will notice how everything has a unique trait. In one of the most digitally advanced eras of our time, we refer to these assets as cryptographic tokens. Whether it is your favourite photo, pet, car, or song, it all boils down to the same. Non-fungible tokens simply stand for items that are essentially irreplaceable. Once we turn these elements into digital code, we call them NFTs. Many developers, celebrities, and commoners have embraced these trail-blazing crypto collectables. The community craze has led to some of the greatest internet sales of…
Fundraising in the Crypto World

Fundraising in the Crypto World

  In the developing era of the cryptocurrency world, crypto businesses are constantly searching for the best ways to raise capital. Many companies opt for different methods to go public for the first time to expand their project, enhance their marketing efforts, improve their performance, and release their coins and assets.   With Decentralised Finance (DeFi) being inspired by traditional finance, Crypto capital raising models as well originated from the traditional IPO or Initial Public Offering; the difference consists of the methods and the conditions that each company prefers, along with ditching centralised financial services, such as banks and traditional…
Crypto Basics: Consensus mechanisms

Crypto Basics: Consensus mechanisms

Cryptocurrencies work in two primary ways. These are called Proof-of-Work and Proof-of-Stake. Both of these are a type of consensus mechanism and help blockchains synchronise data while staying secure. Proof-of-Work The Proof-of-Work consensus mechanism enables participants to validate changes made in a given network by using computational power. Each network consists of a continuous chain of data blocks. The data of any given transaction is recorded on these blocks. With each new entry, the chain of blocks becomes longer – hence the name blockchain. This consensus mechanism is still used by many cryptocurrencies as Proof-of-Work allows validating transactions, as well…
The Polygon Network -  A Solid Foundation for a Sustainable Future

The Polygon Network - A Solid Foundation for a Sustainable...

Making carbon compensation transparent, supporting reforestation and creating an alternative source of revenue for farmers are just some of the things we do at Coorest. But none of these things can exist without a solid technological foundation. Our entire business exists due to the amazing potential of blockchain technology. This is why we want to show our appreciation to Polygon, the network that supports our mission and gives us the means to create a better future. What is Polygon? The Polygon network is an Ethereum-based scaling solution. In other words, it is a blockchain that serves as a bridge between…
The Benefits of Coorest NFTrees

The Benefits of Coorest NFTrees

  Coorest NFTrees are excellent at compensating for carbon emissions. Their ties to physical trees enable the active removal of CO2 from the atmosphere. They mitigate the impact of human activities and help people and businesses reduce their CO2 footprint. While our NFTrees are great for the environment, they have many additional benefits. Some of these might already be familiar to you, while others may come as a surprise. Regardless, here are some of the benefits of our NFTrees.    Creating forests For our second batch of NFTrees, we will buy vacant land in Sweden, plant forest tree saplings and…

The Coorest batch 2 NFTrees are available on the Venly market

ARE YOU HELPING US TO PLANT MORE TREES?

  • The NFTree is backed by 10 real trees on a plot of 40m2 mixed forest
  • 1 NFTree Absorbs 250 kilos of CO2 per year
  • Planted and managed by Coorest
  • Location of planting: North Europe in Q4 2022 – Q2 2023
  • Claim, trade, and converted $CCO2 tokens: Proof of Carbon Compensation Certificate (PoCC)