Carbon Offsetting for Blockchains & Beyond: Regen Network Launches Carbon Marketplace
California, USA, 26 October 2022, Chainwire
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 utilizes Regen Ledger, the application-specific blockchain that brings transparency and public governance to voluntary carbon markets, built on CosmosSDK.
Regen Marketplace is a blockchain platform for the origination, management and exchange of tokenized ecological assets. Climate impact projects can define, manage, create and sell tokenized carbon and other ecological assets in the blockchain-based registry system.
Using Regen Marketplaceblockchains and validators who strive to fulfill their climate obligations are encouraged buy, transfer, withdraw and package 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 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 the cosmos ecosystem 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 , retire 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, Stargazeand Cheqd, retiring over 10,000 tonnes of carbon. By doing this, participants can submit a personal message about their climate impact when tokenized carbon is retired, to be reminded 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 LanduaCEO of Regen Network Development, said: “The launch of 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 global efforts 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 scale 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 the City Forest Credits Registry (CFC) aims to kick-start an urban carbon credit market by tokenizing and listing the 2021 City Forest Credits portfolio in Regen Marketplace.
CFC is the US national standard for reductions in carbon emissions through urban forest conservation and carbon removal through urban tree canopy planting. The urban forestry projects featured in the marketplace launch directly impact 20 million Americans in urban communities, represent all verified urban forest carbon in the entire United States, are the largest urban forest carbon placement in history, and the first blockchain-based urban forestry portfolio.
As the Regen Network brings on more partners to join the growing ecosystem of climate advocates, such as Moss.Earth, Open Earth Foundation, Earthbank, ERA Brazil, The Shamba Protocoland Terra Genesis Internationalhopes the protocol will gain mainstream participation in the end-to-end lifecycle for seamless design, tokenization and purchase of carbon credits to retire them for climate change. Over 20 partners currently designing new organic assets within Regen Marketplace, which gives consumers access to a climate-positive economic system. In 2020, Regen Network sold and drew over 120,000 CarbonPlus grasslands credits to Microsoft for its Moonshot target on the Regen Network blockchain.
For more information visit www.regen.network
Gregory Landua, CEO of Regen is available for interview
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 a maintainer of 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 initial issue of CarbonPlus grasslands credits to Microsoft for its Moonshot target.
Learn more at https://regen.network, Press kitand follow us further Twitter.
Press contact: David Fortson, [email protected]
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
Marketing Director
David Fortson
Regen Network development
[email protected]
805-450-2357
