BLOG

Check out our articles

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 take…
What the Actual Fig?!

What the Actual Fig?!

At Coorest, we allow individuals and businesses to easily and transparently compensate for their carbon footprint. We do this by creating sustainable NFTs that are linked to real trees. We call these NFTrees and they are the reason why we plant forests and orchards in different areas of the world. Currently, we are busy planting a particularly scenic fig orchard next to lake Caspe, Spain. But why did we choose figs, and what’s so special about them? Read on to find out! What even is a fig? The fig tree species goes by the name of Ficus carica. These trees…
What Are NFTs Used For?

What Are NFTs Used For?

What are NFTs? An NFT, or a non-fungible token, is information stored on a blockchain. Most often this information takes the form of art and digital content. Images, videos, and audio can all turn into non-fungible tokens. The term non-fungible refers to something that isn’t interchangeable. This means that, unlike a unit of cryptocurrency, no two NFTs are the same.  In simple words, NFTs cannot be reproduced or replicated. In general, all digital content can be copied or downloaded. However, in this case, by owning an NFT, you become the sole owner of the original work. Some real-life examples The…
Carbon Offsets vs Carbon Compensation

Carbon Offsets vs Carbon Compensation

  Carbon offsets and carbon compensation might sound like the same thing at first. In reality, there’s a world of difference. In this article, you will learn what both of these terms mean and why they are so different from each other. Carbon offsets in theory  Carbon offsetting aims to limit the impact of greenhouse gasses on the environment. This happens either by reducing emissions or capturing CO2. A carbon offset represents 1 metric ton of captured CO2.  Carbon offsets in practice  On paper, carbon offsets sound like a net positive for the environment. In reality, the harm they cause…
How Will The UN Help Our Planet Breathe By 2030

How Will The UN Help Our Planet Breathe By 2030

How is the UN helping the world? It has been 75 years since the UN officially opened its office in San Francisco after the disastrous World War II. It seems like their job only got harder as years passed. Extreme poverty, health disparities, and education inequality gaps have only grown larger. That is why, five years ago, the organization came up with something called, the Sustainable Development Goals. The list of 17 aims that are to make this planet a better place for us all. The urgency of the matter has been impacted by the worldwide pandemic that has radically…
Carbon Markets: How Coorest is Levelling the Playing Field

Carbon Markets: How Coorest is Levelling the Playing Field

  Carbon Markets were initially conceived in Article 6 of the 2015 Paris Agreement. Fraught with issues of application and regulation, it lay in limbo as climate negotiators attempted to reach a consensus over its exact implementation. Rife with legitimacy issues revolving around inefficiency, ineffectiveness, and a lack of transparency, the whole scheme has resulted in little to no emissions reduction.  Coorest has devised a more equitable and transparent method to revolutionise and revitalise Carbon Markets through the use of sustainable Blockchain Technology. To best understand how Coorest is accomplishing this task, it is necessary that we first outline some…

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 Q3 2022
  • Claim, trade, and converted $CCO2 tokens: Proof of Carbon Compensation Certificate (PoCC)