The advent of Web3 and its associated technologies prompts a key question: do they further or hinder our pursuit of environmental sustainability?
In 2021, a European team of climate and economic researchers revealed that Bitcoin mining could potentially produce 65.4 megatons of CO2 annually. This estimation draws an alarming parallel with the carbon emissions of entire nations, comparable to Greece’s 56.6 megatons of CO2 output in 2019.
However, when leveraged intelligently, cryptocurrencies and blockchain can contribute positively towards environmental goals. The World Economic Forum (WEF) has recently accentuated the potential of blockchain technology as a strategic asset in combating climate change. An April 2023 white paper released by the WEF discussed various benefits of incorporating blockchain within climate action initiatives, underlining its capability to enhance market transparency and equalize access to environmental endeavors.
Several pioneering entities within the industry are already utilizing cryptocurrencies to drive eco-friendly measures, often deploying green tokens or cryptocurrencies to foster the switch to renewable energy through blockchain-incentivized means. The emergence of decentralized energy markets now allows individuals to trade renewable energy tokens.
Simultaneously, nonfungible tokens (NFTs) are being employed to raise global consciousness regarding sustainability and climate change. Artists and influencers can harness their creative prowess to create informative NFTs that educate and engage audiences, offering a potent medium to emphasize environmental concerns, sustainable measures, and conservation’s importance.
Connecting the Dots
While numerous possibilities exist to align Web3 platforms towards environmental improvement, integrating these distinct solutions into a cohesive, interconnected system remains a challenge. For instance, unifying entry points for NFTs, gamified objectives, and centralized commerce centers could appeal to diverse participants and promote global collaboration. Moreover, tying incentives to environmental priorities can galvanize users into supporting sustainable projects and contributing to an ecosystem that upholds this principle.
A shining example of such an interconnected system is Chimpzee, a Web3 project that seeks to back charities such as the WILD Foundation and One Tree Planted via various Web3 solutions.
With a focus on reinventing charitable contributions, Chimpzee enables individuals to benefit while making a positive impact on animal conservation and climate change. The project emphasizes protecting our planet, with an aim to reshape public consciousness and traditional methods of supporting organizations committed to endangered species and climate change combat.
Chimpzee’s ecosystem comprises features like the Chimpzee Shop, NFT Marketplace, and the Zero Tolerance Game, all interconnected. The Chimpzee Shop serves as the ecosystem’s commerce hub, allowing users to purchase unique products using CHMPZ tokens. Meanwhile, the NFT Marketplace provides active traders the chance to earn rewards from trading fee profits, and the Zero Tolerance Game offers a fun way for players to earn CHMPZ coins by reaching set milestones.
Joining the Fight Against Climate Change
Chimpzee recently initiated its presale phase, offering early supporters and investors special promotions and additional benefits, fostering active participation in the project’s success.
Following the presale, Chimpzee plans to launch an AI-powered mobile application for users to create their personalized Chimpzee avatars and receive a unique NFT Passport. This passport will unlock a myriad of benefits and rewards for the users.
Moreover, Chimpzee has already commenced its charitable donations, even ahead of their roadmap’s second phase. With over 1,000 trees planted through the One Tree Planted initiative and a $15,000 donation to the WILD Foundation, the project demonstrates its commitment to sustainability.
A significant portion of the project’s tokens and profits will be allocated to organizations focusing on animal protection and deforestation prevention, underlining the transformative potential of blockchain in supporting sustainability efforts.