The DOVU Carbon market is now live

15 Dec 2021,

We’ve just launched our carbon offset NFT platform that’s been in the works for a while, and are excited to share this with the world. We’re minting carbon sequestered in soil and turning these into dynamic NFT carbon offsets. 

How does the carbon NFT marketplace work?

We’re transforming carbon sequestered in soil into minted carbon offsets, as dynamic NFTs. 

Each tonne of carbon on the marketplace is sourced directly from farmers and independently verified. We then certify it through the use of distributed ledger technology (DLT).

Sellers on the platform showcase information about the land where the carbon is stored. The first farms on the marketplace are based in the UK and Bulgaria. 

The DOVU Carbon Market is designed for those who are concerned about their carbon footprints. Buyers can find out more about the source of the carbon and make a purchase. Once purchased, they own a certificate that provides verifiable proof that they have offset their carbon.

What about the technology?

The DOVU Carbon Market is powered by Hedera Hashgraph; at the forefront of extending tokenisation technology by connecting tokens to an infinite amount of evidence, this is a perfect use case for carbon offsets.

We’re also working with the HBAR Foundation to bring a continuous supply of audited carbon into the ecosystem, as a flagship application for the network.

Wes Geisenberger VP, Sustainability & ESG at HBAR Foundation, said: “We’re very excited to see the launch of the DOVU Carbon Market. DOVU provides an excellent example of how companies can provide enhanced transparency into the source of their offsets, by leveraging Hedera as the trust layer for sustainability assets. Through DOVU tokenised carbon offsets and leveraging dynamic NFTs, users can better understand the source of the assets they’re buying, the methodology utilised, and the roles and actors involved.” 

What’s next?

You can use the Carbon Calculator to work out your crypto carbon footprint – and then buy carbon to offset this. 

We’re also hosting a Twitter Spaces with HBAR Foundation to discuss this project with the community. We’ll be joined by one of the farmers whose land is featured on the marketplace. 

The DOVU x HBAR Foundation AMA will run from 19:00 GMT / 14:00 EST – 20:00 GMT / 15:00 GMT. 

Follow @dovuofficial and @HBAR_foundation to join the conversation.