HomeTrending NewsEcosapiens raises $3.5M to offset NFT's carbon impact

Ecosapiens raises $3.5M to offset NFT’s carbon impact

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Ecosapiens, an NFT challenge that goals to advertise environmental sustainability on the planet of blockchain collectibles, has secured $3.5 million in seed funding.

The funding spherical was led by Collab + Forex, a Web3 fund, and attracted buyers similar to 9dcc founder gmoney, Coinbase Ventures’ Vice President Shan Aggrawal, and former Moonbirds COO Ryan Carson, amongst others.

By its nature-themed NFTs, Ecosapiens permits customers to buy carbon credit to offset the environmental affect of blockchain know-how. The avatars function a way for collectors to offset their carbon emissions, with Ecosapien homeowners having the choice to buy extra carbon credit to reinforce the rarity of their NFTs.

Ecosapiens is a step in direction of addressing the environmental issues surrounding NFTs, which have been criticized for his or her excessive vitality consumption and contribution to carbon emissions.

By providing collectors the chance to offset their carbon footprint, Ecosapiens hopes to advertise a extra sustainable strategy to the creation and possession of NFTs.

The NFT market has seen vital development lately, with some particular person gross sales reaching hundreds of thousands of {dollars}. Nonetheless, the rise of NFTs has additionally drawn criticism for his or her environmental affect, as the method of minting NFTs requires vital computing energy and vitality consumption.

The Ecosapiens challenge supplies a way for people to take part within the NFT market whereas additionally taking motion in direction of lowering their carbon footprint.

About Tina

Tina concentrates on all issues associated to NFT and Web3. Tina makes use of social media to identify NFT tendencies and report distinctive information.

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