1. PixelPlaygroundHome
  2. Metaverse Insights

Nori launches public Web3 platform for end-to-end carbon removal market

• Metaverse Insights • 113 views

It is reported that Nori, the end-to-end scalable carbon removal market, today announced the launch of the public Web3 platform. Through this release, Nori\’s c…

Nori launches public Web3 platform for end-to-end carbon removal market

It is reported that Nori, the end-to-end scalable carbon removal market, today announced the launch of the public Web3 platform. Through this release, Nori’s carbon removal market moved to Polygon and accepted the USDC. It will support companies and individuals who purchase Nori Removal Tonnes (NRTs) and renewable farmers who provide these NRTs to be completely transparent to the verified carbon removal transaction. Once the NRT is issued, they will remain in the supplier’s wallet as NFT until they are sold, which means that the supplier really owns the carbon they remove until they are sold. At the time of purchase, the NRT of the supplier will be replaced by USDC, and the payment will be received immediately for each sale, regardless of size. These are the basic steps for suppliers to achieve complete transparent real-time tracking of their generated NRT.

Scalable carbon removal market Nori announced the launch of public Web3 platform

Analysis based on this information:


Nori, an end-to-end carbon removal market, has announced the launch of its public Web3 platform, which will support companies and individuals seeking to purchase Nori Removal Tonnes (NRTs) and renewable farmers who offer these NRTs. This marks a significant move for Nori as it shifted to Polygon and accepted USDC as a means of payment, allowing for more scalability and accessibility.

The platform is designed to be completely transparent and track carbon removal transactions in real-time. Once the renewable farmer supplies the NRT, they remain in their wallet as an NFT until sold. This ensures that the supplier is the rightful owner of the carbon they remove. When a buyer purchases an NRT, the supplier’s NRT will be replaced by USDC, and payments for each sale will be received immediately, regardless of size.

This shift to a public Web3 platform is important for expanding Nori’s reach and making it more accessible to smaller buyers, farmers, and businesses. With increased scalability and accessibility, Nori hopes to promote and incentivize carbon removal on a larger scale.

Overall, Nori’s Web3 platform moves towards fostering a more eco-conscious economy where carbon removal can thrive. By promoting transparent and real-time tracking, the platform ensures that carbon removal is credible and trustworthy. Nori has taken a considerable step towards ensuring that carbon removal is taken seriously, and with the public Web3 platform, it is more accessible and convenient than ever.

In conclusion, the Nori platform is a significant shift in the carbon removal market, and its launch is an essential step towards creating a more eco-conscious economy. By using the USDC and moving to Polygon, Nori provides more accessibility and scalability, which will help promote carbon removal on a larger scale.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/8946/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/09/2023 20:09
Next 03/09/2023 20:44

Recommended articles