BaumOwl is a cute owl NFT generated by GNT. 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 especially from tree planting (Baum is tree in German!!) Those activities will be reported to NFT holders and endorsed by blockchain transactions. 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.
Introducing the SUMIOwl NFT
This is an owl-themed NFT minted on MOOAR. The royalty fees go straight to buying carbon credits.
Sure, there are bigger and more popular marketplaces like Opensea and Magiceden. And yes, there are projects linking NFTs and carbon credits on a one-to-one basis.
But the future of carbon credits is still uncertain. What if credits that are recognized today aren’t accepted tomorrow? That’s why we’re doing things a bit differently.
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: Baum Owl OG Details
- Mint URL: [Link to MOOAR ]
- Mint Price: 30GMT
- Minting Method: MOOAR Community mint starting 2023/10/27
- Total Supply: 300 NFTs
- Royalty Fee: 10%
- Use of GMT: 100% of royalty fees will be used to buy carbon credits. Certificates will be regularly published on our website
Rewards
🎁Prize 1
We will make a 30-100 GMT offer on MOOAR after raffle 5 random NFT numbers every 50 mints. The amount of offer will be different
Base 30GMT, if you have Genesis SUMIOwl NFT 50 GMT, OG Owl NFT 20 GMT will be added.
Ex. Without any Owl NFT, the offer will be 30 GMT. If you have SUMIOwl Genesis and ColOwl OG, the offer will be 100 GMT.
Of course, we will leave it up to you whether you accept the offer or not!
Note 1: Additional Special offer is limited to one per person; the second and subsequent offers will be 30 GMT.
Note 2: After 50 mints, I will raffle 5 numbers from 1-50, After 100 mints, I will ruffle 5 numbers from 1-100, and so on. So younger numbers have more chance to get the Prize!
Following NFT collections are eligible for the extra offer for the prize 1
SUMIOwl Genesis (Polygon)
https://mooar.com/collection/sumi-owl-genesis
ColOwl OG (Polygon)
https://mooar.com/collection/colowl-og
SUMIOwl OG (Solana)
https://mooar.com/collection/sumi-owl-og
🎁Prize 2
Prize 2
Requirement: Mint BaumOwl NFTs. Like and repost the above post with an image of your BaumOwl NFT. 3 people will be picked randomly, and they will get 30 GMT each.
deadline：12/15
Challenges Ahead
The SUMIOwl 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!