Carbon Offsetting for Blockchains & Beyond: Regen Network Launches Carbon Marketplace

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 benefits from Regen Ledger, the application-specific blockchain that brings transparency and public governance to voluntary carbon markets, built on the CosmosSDK.

A blockchain for carbon offsetting

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 Regen Marketplace, blockchains and validators striving to meet their climate commitments are encouraged to purchase, transfer, retire 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 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.

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 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 the growing climate action movement and the market for natural carbon and ecological assets.”

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

As Regen Network brings on more partners to join 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 in the end- finally lifecycle of 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.

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.