What is an NFT and why does Carbontribe issue NFT credits?

NFTs (Non-Fungible Tokens) are one-of-a-kind digital assets stored on a blockchain, guaranteeing authenticity, ownership, and transparency. Unlike traditional carbon credits, NFT-based credits are tamper-proof, ensuring that each carbon offset is unique and verifiable, preventing double-counting. By tokenizing digital assets as NFTs, Carbontribe creates a system where carbon offsets can be traded, verified, and retired with ease, making the entire process more efficient and trustworthy.

Key benefits of Carbontribe's NFT model:

Prevents Double-Counting

Each NFT represents a unique, verifiable digital asset, ensuring one-time ownership and eliminating duplication.

Single Source of Truth

Carbontribe shares all the metadata and information linked to each NFT, enabling global auditability and transparency.

Full Transparency

Blockchain technology tracks credit issuance, trading, and retirement, making the carbon offset process publicly auditable.

Global & Fractional Access

NFTs enable small-scale participation and simplified trading on decentralized marketplaces, broadening market access.

Automated Retirement

Smart contracts ensure that digital assets are automatically retired upon use, delivering real impact without delays.

Increased Liquidity

NFT-based digital assets can be bought, sold, and retired more efficiently, improving market efficiency and accessibility.