Single Earth is the new platform where users can “vote to save” certain hectares in forested areas in the world—they can choose really any point on the map. Then the company contacts the respective landowners offering them monetary incentives to protect said territory.
Venture capital group Single Earth has figured out a way to use blockchain technology and token purchases for carbon off-setting and conservation. This is the first financial instrument that incentivizes the protection of natural resources.
“The world’s first nature-backed financial instruments”
How it works:
Single Earth tokenizes privately-owned natural resources and areas of ecological significance. Then companies and organizations can purchase the tokens—owning fractional amounts of said lands and resources, whilst earning carbon offsets too
Landowners enter their land in the Single Earth marketplace
Single Earth sends biologists to asses the ecological value of the land, and issues tokens based on this value—always monitoring the land using satellite and sensor data.
Investors buy the tokens and are given carbon offset credits
The tokens increase or decrease in value over time based on the offsets, and can be traded like a commodity.
“Carbon offset and biodiversity offset are actually markets functioning today, but they are not accessible to most forest owners and landowners. Returns from offset projects could generate 5 % annual returns for landowner investors.”—Single Earth Chief Executive Merit Valdsalu