{"id":2069,"date":"2021-11-29T15:00:35","date_gmt":"2021-11-29T13:00:35","guid":{"rendered":"https:\/\/climatetrade.com\/?p=2069"},"modified":"2023-09-20T18:24:27","modified_gmt":"2023-09-20T16:24:27","slug":"climatetrade-powers-carbon-negative-blockchain-initiatives-at-decipher-and-art-basel","status":"publish","type":"post","link":"https:\/\/climatetrade.com\/climatetrade-powers-carbon-negative-blockchain-initiatives-at-decipher-and-art-basel\/","title":{"rendered":"ClimateTrade powers carbon-negative blockchain initiatives at Decipher and Art Basel"},"content":{"rendered":"<ul class=\"title2post\">\n<li aria-level=\"1\"><b>Algorand and ClimateTrade\u2019s Green Treasury goes live, allowing builders, businesses and investors on the Algorand platform to instantly offset their carbon footprint on the blockchain ecosystem.\u00a0<\/b><\/li>\n<\/ul>\n<ul class=\"title2post\">\n<li aria-level=\"1\"><b>ClimateTrade supports Algorand in offsetting the carbon emissions of Decipher, a two-day event of the Algorand community taking place in Miami November 29-30.<\/b><\/li>\n<\/ul>\n<ul class=\"title2post\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Cultural institution Aorist partners with ClimateTrade to launch a collection of digital artworks and their carbon-negative NFTs at Art Basel on November 30.<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><strong>November 29, 2021 (Miami, FL)<\/strong> &#8212;\u00a0 <a href=\"https:\/\/climatetrade.com\/\">ClimateTrade<\/a>, the leading blockchain-based <\/span><a href=\"https:\/\/market.climatetrade.com\/results\"><span style=\"font-weight: 400;\">climate marketplace<\/span><\/a><span style=\"font-weight: 400;\">, is pioneering the <strong>development of carbon-negative blockchain<\/strong> use cases through a number of initiatives announced today at the <\/span><a href=\"https:\/\/www.algorand.foundation\/events\"><span style=\"font-weight: 400;\">Decipher<\/span><\/a><span style=\"font-weight: 400;\"> conference.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">ClimateTrade today announces the launch of the <strong>\u201cGreen Treasury\u201d<\/strong>, a blockchain oracle providing Algorand and its developer community a platform for offsetting the carbon footprint of the Algorand network.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By calculating carbon impact across the Algorand ecosystem and enabling immediate offsets through ClimateTrade\u2019s blockchain-based marketplace, <strong>the Green Treasury allows Algorand to offset its own carbon impact<\/strong>, while seamlessly integrating the same offsetting capabilities across its ecosystem of developers, including NFT marketplaces, payment solutions, regulated digital assets, and new economic models.\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cAlgorand\u2019s technology was designed from the ground-up to be energy and resource-efficient, and now with the intelligent offsetting services made available through ClimateTrade\u2019s Green Treasury, we can operate as a fully carbon-negative network and fulfill our pledge to remain the world\u2019s greenest blockchain,\u201d said Silvio Micali, Founder of Algorand<\/span><span style=\"font-weight: 400;\">.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>The Green Treasury operates as a blockchain oracle<\/strong>, connecting Algorand\u2019s on-chain data with carbon impact information in real time. The system allows Algorand to notarize its carbon footprint, and with advanced smart contracts, lock the equivalent total of carbon credit into the Green Treasury as an ASA (Algorand Standard Asset).\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>\u201cWith the Green Treasury, we can support Algorand\u2019s efforts to be carbon-negative while financing global climate projects\u201d,<\/strong> said ClimateTrade CEO <a href=\"https:\/\/www.linkedin.com\/in\/francisco-benedito-90bb1421\/\">Francisco Benetido<\/a>. \u201cBy layering in blockchain-enabled support for offsetting across Algorand\u2019s ecosystem, we can provide Algorand, and the hundreds of organizations who use its technology, environmentally-positive solutions that are scalable, secure, and also sustainable\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>Offsets purchased within the Green Treasury will help support critical restoration projects taking place around the world that significantly contribute to positive climate action<\/strong>, including:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Southern Cardamom REDD+ project initiated by Wildlife Rescue and Wildlife Works, which protects the rainforest by avoiding more than 3 million tons of carbon emissions annually.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Vichada Gold Standard Climate Project which is aimed at reforestation in the Orinoco Department in Colombia.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Oaxaca Wind Project by Acciona which covers the electricity demand of 700,000 Mexican homes, avoiding the emission of 670,000 tons of CO2.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Sumatra Merang Peatland Project by ForestCO2 which aims to protect and restore the peatland ecosystem in Indonesia.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Additionally, as part of Algorand\u2019s commitment to set the standard for sustainable blockchain, Algorand and ClimateTrade have announced that<strong> all carbon impacts associated with the Decipher conference will be offset by financing mitigation projects on ClimateTrade\u2019s marketplace<\/strong>. In total, 627 tons of CO2 will be offset via reforestation and clean energy projects in Colombia, El Salvador and the United States.<\/span><\/p>\n<h3><b>Climate-positive NFTs\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">ClimateTrade is also supporting Aorist, a new cultural institution offering a climate-forward NFT marketplace on the Algorand ecosystem. The company is launching its first auction at Art Basel, an event happening concurrently with Decipher in Miami, with the <\/span><i><span style=\"font-weight: 400;\">Crossroads<\/span><\/i><span style=\"font-weight: 400;\"> exhibition. <strong>Aorist is offsetting the carbon footprint of the non-fungible tokens (NFTs) on auction<\/strong>, as well as the plastic footprint of some of <\/span><i><span style=\"font-weight: 400;\">Crossroads<\/span><\/i><span style=\"font-weight: 400;\">\u2019 physical installations, through ClimateTrade.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Emissions from the minting of NFTs on the Aorist platform will be offset with credits assigned from the reforestation of Colombia\u2019s coastal Andes region project. <strong>Projects on the ClimateTrade marketplace have an account in the Algorand blockchain platform in order to provide traceability and transparency of carbon credits.<\/strong><\/span><\/p>\n<p><span style=\"font-weight: 400;\">With these initiatives, ClimateTrade shines a light on the need to decarbonise blockchain technology and NFTs, and positions itself as a strategic partner for the green blockchain movement.<\/span><\/p>\n<p><strong>About Algorand\u00a0<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Algorand is building the technology to power everything from the creator economy to the convergence of traditional and decentralized finance. Founded by Turing Award-winning cryptographer Silvio Micali, Algorand developed a blockchain infrastructure that offers the interoperability and capacity to handle the volume of transactions needed for anyone to transition into the new digital economy. The leading decentralized infrastructure of choice for visionary leaders across more than 1000 global organizations, Algorand is enabling the simple creation of next generation financial products, protocols and exchange of value. For more information, visit <\/span><a href=\"https:\/\/algorand.com\/\"><span style=\"font-weight: 400;\">algorand.com<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><strong>About ClimateTrade<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">ClimateTrade is a Spanish-based climate marketplace helping\u00a0 global brands\u00a0 achieve their sustainability goals by offsetting CO2 emissions and financing climate regenerative projects. Pioneering the development of its blockchain marketplace, ClimateTrade recently launched an API and a Widget that allow companies to offer carbon-neutral products and services to their customers. For more information: <\/span><a href=\"https:\/\/climatetrade.com\/\"><span style=\"font-weight: 400;\">https:\/\/climatetrade.com\/<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Algorand and ClimateTrade\u2019s Green Treasury goes live, allowing builders, businesses and investors on the Algorand platform to instantly offset their carbon footprint on the blockchain ecosystem.\u00a0 ClimateTrade supports Algorand in offsetting the carbon emissions of Decipher, a two-day event of the Algorand community taking place in Miami November 29-30. Cultural institution Aorist partners with ClimateTrade [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":2090,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[78],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ClimateTrade powers carbon-negative blockchain initiatives<\/title>\n<meta name=\"description\" content=\"ClimateTrade is pioneering the development of carbon-negative blockchain use cases through a number of initiatives.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/climatetrade.com\/climatetrade-powers-carbon-negative-blockchain-initiatives-at-decipher-and-art-basel\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta 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