gOwli is a cute owl NFT inspired by Antoni Gaudi. It is a new type of PFP or badge that can show support for a carbon-neutral society by purchasing, reselling, and holding it! 50% of the royalty fee will be used to purchase the carbon credit. Blockchain transactions will endorse those activities and report them to NFT holders. Please check the official website for details!
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The perfect combination of NFT and carbon credit
Have you ever wondered about the carbon footprint you leave behind? On average, a person in Japan emits around 10 tons of CO2 annually. Wouldn’t it be cool if you could offset that with carbon credits? I’d like to think there are folks out there who’d be interested! (Fingers crossed!)
The real challenge? Most people don’t know how to buy these credits. So, the idea is, “Why not create a solution?”
Imagine a world where you can buy carbon credits with GMT, Sol, or even ETH. It sounds convenient.
Using Royalty Fees for Carbon Credit Purchases!
By using the royalty fees from NFT transactions, we can buy credits from various markets. This means we can diversify our sources, maximizing the impact while spreading the risk.
Our first step? We’re considering purchasing from NORI, known for its partnership with STEPN. Currently, 1 credit (equivalent to offsetting 1 ton of CO2) costs $25. So, for every 100 GMT in royalty fees, we can offset 100kg of CO2.
Progress of purchasing Carbon Credit
The Advantage
The more transactions, the more carbon credits we can buy with the royalty fees. This approach differs from existing models where credits are directly tied to NFTs or tokens. The value of the NFT increases as more CO2 is offset. It’s not just about the credits linked to one NFT; it’s about the total CO2 offset by the entire project. Imagine the value of a project that offsets 10 tons, 100 tons, or even more!
While there’s debate about the real impact of carbon credits, I believe they play a crucial role in redirecting funds from polluting industries to sustainable ventures. Want to dive deeper? Check out this article.
NFT Launch: gOwli OG Details
- Mint URL: [Link to MOOAR ]
- Mint Price: 10GMT
- Total Supply: 200 NFTs
- Royalty Fee: 10%
- Use of GMT: 50% of royalty fees will be used to buy carbon credits. Certificates will be regularly published on our website
Challenges Ahead
The gOwli NFT is still in its experimental phase, and we’re essentially acting as a middleman for credit purchases. To accumulate credits using royalty Fees, we need to maintain liquidity.
We’re considering strategies like airdrops and events. Plus, with future MOOAR updates, we hope our NFTs will be more liquid and easily tradable.
This project is still in its infancy, so if you spot any issues or have suggestions, please let us know. We appreciate your gentle guidance!