Many decentralized applications and projects that sell NFTs, such as the curated generative-art platform, compensate for greenhouse emissions produced by cryptocurrency transactions. Part of the money that ArtBlocks makes from selling art pieces is used to purchase carbon offset. One carbon offset unit represents the removal of one metric tonne of carbon dioxide from the atmosphere or the avoidance of metric one tonne of carbon emissions.
According to Offestra advisor Damien Schuster, the company essentially helps founders reduce the total amount of emissions and work in a more environmentally-conscious manner. “Today, there's also other options for people that want to use Proof of Stake options,” he added. “Our goal is also to encourage people to go back right retroactively, and resolve those emissions or at least account for them,” Schuster said.KlimaDAO, an ecologically-oriented cryptocurrency project founded by anonymous developers and aimed at addressing climate change, has proposed its own solution to address climate change through cryptocurrency: “tokenizing” the carbon offsets themselves.
. The code underlying KlimaDAO is based on another project, Olympus DAO, which incentivizes people to deposit assets into a treasury to increase the price of the OHM token yielding more than 7000% in annual gains.
Ponzi pyramid & pollution 🙈🙉
This is a grift since Day 1. Anybody who believes that cryptocurrency will play a part in fighting climate change should be a spokesperson for the oil & gas industry because just like them before this is over cryptocurrency will be one of the leading causes of climate change.
Is this true? Internet usage does need lots of cooling etc...I mean, I'd be a hypocrite to say I don't use internet. So, if it's true, what do we do? As a collective? ...
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