Carbon Offsetting for Blockchains and Beyond – Regen Network Launches Carbon Marketplace

October 26, 2022 – California, USA

Regen Network Development released its tokenized carbon and ecological asset marketplace application, Regen Marketplace.

The Regen Network enables carbon project developers to create high-quality nature-based carbon credits for markets, catalyzing regenerative financing solutions to the climate crisis. Regen Marketplace takes advantage of Regen Ledger, the application-specific blockchain that brings transparency and public governance to voluntary carbon markets, built on the CosmosSDK.

Regen Marketplace is a blockchain platform for the origination, management and exchange of tokenized ecological assets. Climate impact projects can define, manage, mint and sell tokenized carbon and other ecological assets in the blockchain-based registry system.

Using the Regen Marketplace, blockchains and validators striving to meet their climate commitments are encouraged to purchase, transfer, withdraw and collect tokenized carbon on the blockchain for carbon offsetting purposes, effectively removing carbon dioxide and other greenhouse gases from the atmosphere.

Blockchain DApps are encouraged to export tokenized carbon for DeFi or consumer apps for climate impact.

In addition to the launch of the marketplace, Regen Network will introduce the Nature Carbon Ton (NCT) to the Interchain Economy. NCT will be the first IBC-compatible carbon token for the Interchain economy of the soon-to-be-launched Regen Ledger to Polygon bridge, co-implemented by Regen Network Development and Toucan Protocol.

This makes it possible to activate the Cosmos ZERO campaign – a climate impact initiative for blockchains in cosmos ecosystems to become carbon neutral.

In this campaign, Cosmos-based protocols work to identify their carbon footprint, use protocol governance to make a carbon neutral commitment, purchase Nature Carbon Ton from the NCT:REGEN pool launched on the Osmosis decentralized exchange and redeem NCTs for ‘eco-credits’, and withdraws. them on the Regen Ledger for carbon offset claims.

Since 2020, Regen Network Development has partnered with blockchain protocols to become verifiably carbon neutral, including Osmosis, Stargaze, and Cheqd, retiring over 10,000 tons of carbon. By doing this, participants can submit a personal message about their climate impact as tokenized carbon is withdrawn to be remembered on the blockchain.

The CosmosZERO campaign aims to catalyze protocol and validation carbon offsets within the Cosmos-based ecosystem to achieve the goal of net zero carbon emissions on the blockchain.

Gregory Landua, CEO of Regen Network Development, said:

“The launch of the Regen Marketplace is a historic milestone in the global effort to address the climate crisis. Bringing more nature-based credits to a market hungry to supply high-quality carbon credits will help scale the global effort to reverse climate change.

“The underlying characteristics of this disruptive new marketplace are critical – radical transparency, community governance and an open source technology stack designed to rapidly expand and decentralize the global movement to reverse climate change.

“The Regen Network is a neutral, sovereign app chain to serve the demands of the growing climate action movement and market for natural carbon and ecological assets.”

Regen Network’s strategic launch partnership with CFC (City Forest Credits Registry) aims to kick-start an urban carbon credits market by tokenizing and listing the 2021 City Forest Credits portfolio in the Regen Marketplace.

CFC is the US national standard for carbon emission reductions through urban forest conservation and carbon removal through urban tree canopy replanting.

The urban forestry projects featured in the marketplace launch directly impact 20 million Americans in urban communities, represent all of the verified urban forest carbon across the United States and are the largest urban forest carbon placement in history and the first blockchain-based urban forestry portfolio.

As the Regen Network brings more partners to participate in the growing ecosystem of climate impact champions, such as Moss.Earth, Open Earth Foundation, Earthbanc, ERA Brazil, Shamba Protocol and Terra Genesis International, the protocol hopes to gain mainstream participation by the end of its – End life cycle for seamless design, tokenization and purchase of carbon credits to withdraw them for climate change.

Over 20 partners are currently designing new ecological assets in the Regen Marketplace, giving consumers access to a climate-positive economic system. In 2020, the Regen Network sold and retired over 120,000 CarbonPlus Grasslands credits to Microsoft for its Moonshot goal on the Regen Network blockchain.

For more information, visit the website.

Gregory Landua, CEO of Regen, is available for interviews.

About Regen Network

The Regen Network is an application-specific blockchain designed to meet the demands of the growing climate action movement and market for nature-based carbon and ecological assets. Regen Network’s blockchain infrastructure brings high-quality nature-based tokenized carbon to markets, catalyzing regenerative financing solutions to the climate crisis.

About Regen Network Development, Inc.

Regen Network Development, Inc. is a blockchain software development company focused on building applications for ecological regeneration on the Regen Network blockchain. RND, Inc. has been the maintainer of the CosmosSDK software stack since 2019.

RND, Inc. is responsible for the largest Australian-based carbon credit purchase, the largest US-based urban carbon purchase and the largest soil carbon credit purchase in history. RND, Inc. sold the first issue of CarbonPlus Grasslands credits to Microsoft for its Moonshot target.

Learn more here, check out the press kit and follow us further Twitter.

About the City Forest Credits Registry

City Forest Credits is a 501(c)(3) nonprofit carbon registry that administers carbon and impact standards for metropolitan areas in the United States.

Consult

David Fortson, Marketing Director at Regen Network Development