Sādu app, a tech company founded by women, believes the answer to that question is “YES! Blockchain technology can help to reduce our carbon footprint”. Sādu has started a project that plants trees every time one of their NFTs is purchased.
Sādu and many other eco-conscious blockchain projects are determined to have a positive impact on the environment. They go under the umbrella of #nftrees, and their movement plans to re-appropriate blockchain technology and use it to raise awareness for environmental concerns.
It is a movement that believes that everyone should contribute to maintaining a healthy environment.
New apps and technologies, such as Sādu are offering ways for individuals and companies to positively contribute to the health of the environment.
“They plan to list these NFTrees, as we like to call them, on an existing marketplace or one created specifically for the purpose of the project itself. By acquiring an NFTrees the holder maintains the assumption that funding is then passed on to forest makers. The funds from the sale of the NFTs are either given to a forest maker on a one-to-one match or the funding from one NFT is distributed to many forest makers. Some but not all of these projects use blockchain infrastructure.
In addition to NFTrees, other projects have launched initial coin offerings on the premise that funding will be allocated to forest makers. Single.earth offers to integrate the forest data into a carbon market. In the case of Seeds, token holders will be offered the chance to participate in the project’s governance. They will also be incentivized to make use of or earn tokens according to eco-conscious behaviors deemed valuable by the community. Further research is needed to determine how each project employs the technical advantages of distributed ledger technology, particularly towards the objective of increasing capital for forest makers and increasing the overall equilibrium of living trees.” ~ Brittany Salas, co-founder of Sādu, explains on medium.com
Investors who are interested in green technologies are starting to take a closer look at apps that reduce carbon footprints. Pachma and Klima, both recently raised millions of dollars to develop their eco-friendly apps.
Similarly, Stripe recently invested in climate funds and carbon credits. The European Union has also set a target to reduce carbon emissions by 61% by 2030, a move that could lead to further funding of green technology and eco-friendly apps.
Sādu believes that their technology is a great contributor to the ecological restoration movement. And that it is a great shift toward a new eco-conscious economy.
“We believe it is possible to tip economic incentive in favor of restoration over deforestation and that Sādu can be used to make this happen. NFTrees could be a viable method of reordering capital for this purpose.
We look forward to exploring the periphery of this solution and would like to onboard tree planting projects that are doing the same. Sādu used its winning project in the Sovereign Nature Hackathon to begin the implementation of features that make use of NFTrees.
Stacie Ant, co-founder of XELEVEN, was inspired by visions of a technological utopia when she created 1000 uniquely generated NFTs for Sādu. The collection is split into 4 seasons, each containing 250 animations featuring unique characters inside a techno-utopian world.
Ant’s individual landscapes feature elements of the natural and the digital, creating utopian islands which portray an optimistic relationship that technology and nature could develop in the future.
The collection is a proof of concept that will bridge physical trees to digital artwork, while also raising capital for the all-female team.
The Summer collection was the first to launch, and each NFT will be linked to a tree that will be planted in Haiti. Geo-coordinates for each tree are stored in the metadata of the NFTs.