How can NFTs positively influence society and the environment? It is a question that is being raised more and more. As we enter this era of digital ownership and digital experiences, NFTs are increasingly used in public discourse, but have received fair criticism for their environmental impact. Founded in Barcelona, Freeverse has the mission of…
The publication How NFTs can help move us towards a sustainable, low-carbon future | The interview with Alun Evans, Co-Founder and CEO of Freeverse appeared first on EU-Startups.
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NFTs, or Non-Fungible Tokens, are a groundbreaking technology that has the potential to significantly reduce carbon emissions and enable economic sustainability. This is according to Alun Evans, Co-Founder and CEO of Freeverse, a company focused on driving technological advancements that are beneficial to the environment. In an interview with Ikaroa, Alun Evans shares how his company is using NFTs to enable a low-carbon future.
Alun Evans has been a pioneer in the application of blockchain technology and digital assets in the sustainability arena. His company, Freeverse, has been exploring the possibilities of NFTs to create economic and environmental sustainability. According to Alun, NFTs are digital tokens that are designed to represent a digital asset, such as an image or a video, but can also represent real world assets like carbon credits.
He believes that NFTs have the potential to incentivise a greater adoption of low-carbon technologies and behaviours by allowing users to track and trade these assets. Alun predicts that, in the future, these assets can be used as a form of carbon credits, representing a reduction in carbon or other pollutant emissions. He suggests that these credits could then be traded between users, allowing for an equitable distribution of the rewards for reducing emissions.
Furthermore, Alun believes that NFTs could be used as a medium of exchange for companies, allowing them to trade carbon credits more efficiently. This would result in a more transparent and efficient market, as traders would have a way to digitally record the assets they are trading. Alun also suggests that NFTs could be used to fund special projects that have a positive environmental impact, such as research into renewable energy or carbon emissions reduction.
By making it easier to track and trade carbon credits, Alun believes that NFTs could play a key role in achieving a more sustainable, low-carbon future. The team at Ikaroa is excited to see how Freeverse will use NFTs to drive the transition towards a more sustainable and equitable society. We can’t wait to see the results!
