Wednesday, May 18, 2022
HomeNFTBrazilian company bought tracts of land in the Amazon rainforest and is...

Brazilian company bought tracts of land in the Amazon rainforest and is reselling parcels of land it owns as NFTs

Moss is a Brazilian environmental company that sells Blockchain environmental solutions.

Moss sells carbon credits to large companies, such as airlines. The company or airline buys the carbon overuse credits, and Moss offsets that carbon by planting trees, saving the rainforest, thereby avoiding pollution.

The organization says it has conserved approximately 735 million trees in the Brazilian Amazon through internationally certified and audited projects.

Buying NFTs from rainforest lands

Now, Moss says it is looking for new ways to protect the Amazon rainforest as a whole. To that end, he recently purchased a large portion of Amazon land and has subdivided it into hectares.

The rights to each hectare are represented by NFT, which they are now selling. Moss Amazon NFT allows stakeholders to contribute to the maintenance of the Amazon rainforest.

With this new green asset, Moss hopes that various people around the world will help them save large tracts of the rainforest.

This week, the tokens were placed on the OpenSea platform for a pre-sale round. They sold out in less than 1 hour, says Beincrypto.

So far the acquisition has been 50 hectares in total, as can be seen on the Moss website.

On OpenSea it can further be seen that the selling price was starting at 1.4 ETH, or USD $4,371 at current Ethereum prices. However, there were purchases at higher prices.

People who bought the NFTs don’t even have to do anything. The company will act as guardian and custodian of the acreage. They will also be responsible for conservation: they have set up a 30-year protection fund. Twenty percent of all proceeds from the sale of NFTs will go to cover these costs. This includes patrolling, satellite imaging and security of the areas.

Buy and sell Bitcoin and other cryptocurrencies on Bybit, the most comprehensive cryptocurrency exchange to safely and conveniently invest in the world's most traded cryptocurrencies. Sign up and see how simple it is, go to: https://bybit.com


Follow the latest news about the cryptocurrency market at:

Google News | Facebook | Twitter | Telegram | Reddit 


 

RELATED ARTICLES
- Advertisment -
30,235FansLike
15,154FollowersFollow
156,632SubscribersSubscribe

Most Popular