Carbon removal marketplace Nori attended NFT.BZL and here’s why they compelled me.
There is no clear financial upside for users, but they are growing and many conference attendees were drawn to their commitment to lower the carbon footprint of digital wallets.
Klima DAO makes sense because (in theory) you can make a big financial gain by staking klima. But burning tokens solely for the purpose of reducing the environmental impact of your wallet seems like a much harder sell. But it isn’t holding Nori back.
To be clear, a Nori team member did share plans to provide more financial incentives for users. But the interest to turn NFTs (and crypto) green is certainly growing. Take their crowded booth as anecdotal evidence.
What about social impact beyond climate?
More and more, I’m noticing charity proceeds tied to total NFT sales. I think folks are starting to realize how easy it can be to launch a nft collection, and almost feel guilty for having little-to-no utility beyond community so they look for charities to fill that void.
There are also organizations like Shrimp Society that work with the city of Miami to provide irl benefits to their community via grants, scholarships, and discounts on local businesses.
After the NFT world made out like bandits thru 2021, the next wave of crypto projects will be tied to social impact.