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Wildlife conservation efforts turn to NFT-funded initiatives -Breaking


NFT-funded projects are the next step in wildlife conservation

These digital twin tokens are no longer reserved for consumer goods. The Netherlands’s Coorest, a decentralized carbon credit trading platform, and PLCnetwork of South America, a conservation consultancy firm, teamed up in order to tokenize endangered species at private game reserves or privately-owned conservation areas. The wildlife NFTs allow holders to sponsor an elephant lion, rhino, cheetah, or leopard. The animals will be provided with food, shelter, and security through the sale of these NFTs.

Cointelegraph spoke with William ten Zijthoff to find out more about combining sustainability and blockchain to preserve wildlife. Coorest’s most prominent work is its sustainability and wildlife conservation efforts. OperatingNFTrees is a CO2 compensation system which tokenizes yield-bearing bonds or assets and carbon credits, all of which can be traded on the blockchain. To register the reduction in CO2, those who purchase an NFTree can collect the tokens and then burn them.