Taxonomy | Web3/Carbon Week #42
Friends,
This week:
+ What happens when you tokenize carbon credits?
+ Beautiful application to offset Ethereum’s historic carbon emissions
+ Dynamic pooling: buy specific carbon credits from highly liquid carbon pools
+ News from 7 projects
+ 4 Newly added projects to the Kuoka repository
+ Weekend reads
+ Kuoka: full revamp of the category system
What happens when you tokenize carbon credits?
Carbon Bridge 🐣Toucan published a great explainer about the tokenization of carbon credits. It breaks down the lifecyle of a carbon credit on-chain by I addressing the following simple questions:
What happens when you tokenize carbon credits?
How are carbon tokens different from cryptocurrencies?
How can carbon credit tokenization help the VCM?
Common concerns about tokenized carbon credits
Carbon credit tokenization — introducing different models
Which unique utility do tokenized carbon credits provide
Beautiful Application to Offset Ethereum’s Historic Carbon Emissions
Already two months ago, 🔳Blocks.garden has released a beautiful app to green Ethereum’s historic emissions. Blocks.garden’s UI is very well suited to serve as a blueprint for many other offsetting projects. The app lets users claim one/multiple of total 15M ETH PoW blocks (pre-Merge blocks) as an NFT and offset them.
The UI is a tip of the hat to the Million Dollar Pixel Website from 2005. But obviously with a much more interesting purpose. Blocks.garden’s NFT’s can be minted on Opensea (*shout out to ReFiDAO newsletter for making me aware of this project)
Dynamic Pooling: Buy specific carbon credits from highly liquid carbon pools
Carbon credit exchange 👩💻Thallo published an explainer on Carbon Credit Dynamic Pooling. Dynamic Pooling is Thallo’s innovation: It is supposed to combine high liquidity in carbon credit pools while still retaining the opportunity for market participants to buy specific subsets of credits in the pool.
Thallo claims that it allows buyers…
“… to specify their exact CSR requirements and consider all credits that match that criteria fungible. Given the vast nature of the attributes of carbon credits, the number of unique criteria permutations is over a billion. Our dynamic pooling engine is capable of analyzing each and every one of these combinations across all projects.”
Web3/Carbon Project Updates
Kuoka.earth tracks the progress of the 100 most promising web3carbon projects. Here’s the updates of the week.
🍧KlimaDAO (Carbon Reserve Currency, klimadao.finance)
Klima posts its response to the American Carbon Registry’s tokenization consultation, after it has done so already for Goldstandard and Verra.
🐣Toucan (Carbon Bridge, toucan.earth)
Toucan will use Witnet oracle on Celo to get NCT/USD price feed.
👩💻Thallo (Carbon Credit Exchange, thallo.io)
Thallo lays out how it wants to support carbon project developers
🚰Flowcarbon (Two-way Carbon Bridge, flowcarbon.com)
Flow3rs’ Art NFT Showcase Auction is live! Users can bid on a piece of digital art from eight artists
🥦RefiDAO (ReFi Community, refidao.com)
Are you in ReFi and need a grant? Monty has got you covered with the top 10 ReFi grant programs in Q4 2022
💥Kolektivo (Framework for Local Regenerative Economies, kolektivo.network)
Kolektivo presents the calculation of ecological token potential model with Curaçao’s coral reefs. Stakers of the token helping to protect the reefs, could yield up to $785,000 annually.
👥SimplexDNA (DNA-based Biodiversity Monitoring, simplexdna.com)
Climate Collective dives deep into SimplexDNA's DNA based biodiversity monitoring
Newly Added Projects to the Kuoka Repository:
🍴Future Quest (Launch pad for public good projects, future.quest)
🔆Efforce (Platform to fund energy savings, efforce.io)
🐚SimplexDNA (DNA-based Biodiversity Monitoring, simplexdna.com
🔳Blocks.garden (Make Ethereum Green, blocks.garden)
Weekend Reads
Two controversial pieces from Bloomberg have recently come out:
How the 2022 World Cup Rebuilt a Market for Dodgy Carbon Credits
Junk Carbon Offsets Are What Make These Big Companies ‘Carbon Neutral’
Kuoka: Full Revamp of the Category System
I fully revamped the taxonomy system on kuoka.earth to categorize web3/carbon projects. The goal is to better understand how the the projects differentiate, complement and compete along the web3/carbon value chain.
Check it out here: kuoka.earth/category-system-for-web3carbon-projects.
Which categories are missing? Feedback highly appreciated.