BRASILIA, March 26 — A Brazilian company that owns 410 square kilometres of Amazon rainforest is offering a new way to fund conservation: selling non-fungible tokens that allow buyers to sponsor the preservation of specific areas of jungle.
Token holders will not own the land itself, but will have access to key information about its preservation, from satellite imagery to licensing and other documentation, said Nemus founder Flavio de Meira Penna. NFTs for the smallest plots sell for $150 and the largest fetch US$51,000 , said Penna, who is hoping to raise US$4 million to US$5 million to buy an additional 2 million hectares of land already under negotiations in the municipality of Pauini in Amazonas state.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Renault’s Russian partner Avtovaz says ready to take the wheel at Lada | Malay MailPARIS, March 24 — Renault’s Russian partner Avtovaz will go it alone to build Lada brand cars without foreign car parts, it said today as Russian authorities consider the future of the carmaker’s Moscow plant after it exits the country. Shares in the French carmaker were down 2 per cent in...
Source: malaymail - 🏆 1. / 86 Read more »
Pope says increased defence spending after Ukraine is ‘madness’ | Malay MailVATICAN CITY, March 24 — Pope Francis today criticised increased defence spending by Western nations following Russia’s invasion of Ukraine as “madness” and said a new way must be found to balance world power. Speaking to a coalition of women’s groups, the pope said the conflict in...
Source: malaymail - 🏆 1. / 86 Read more »
Biden says he’d be ‘fortunate’ to run against Trump again | Malay MailBRUSSELS, March 25 — President Joe Biden said Thursday he would be happy if his 2024 re-election bid turns out to be a re-run of the 2020 matchup against Donald Trump. In “the next election, I’d be very fortunate if I had that same man running against me,” Biden told reporters while...
Source: malaymail - 🏆 1. / 86 Read more »
Western sanctions won’t sway Kremlin, says Russia’s former president Medvedev | Malay MailMOSCOW, March 25 — It is “foolish” to believe that Western sanctions against Russian businesses could have any effect on the Moscow government, Russian ex-president and deputy head of security council Dmitry Medvedev was quoted as saying on Friday. The sanctions will only consolidate the...
Source: malaymail - 🏆 1. / 86 Read more »
Broughton consortium says it is on shortlist to buy Chelsea | Malay MailLONDON, March 25 — A consortium led by former British Airways Chairman Martin Broughton has been included on the shortlist to buy Premier League side Chelsea, the group told Reuters today. The group led by Broughton, who is also a former chairman of Liverpool Football Club, includes World...
Source: malaymail - 🏆 1. / 86 Read more »
US sanctions on China over Ukraine not ‘necessary or appropriate’, says Yellen | Malay MailWASHINGTON, March 25 — US Treasury Secretary Janet Yellen said today that sanctions against China are “not necessary or appropriate” since its support for Russia following the invasion of Ukraine was still unclear. “I don’t think that that’s necessary or appropriate at this point,”...
Source: malaymail - 🏆 1. / 86 Read more »