Cryptocurrencies have been earmarked as a participant in the ongoing climate change issues. However, a new project is changing the narrative, and so far, it has raised $12 million. This article will explore the Impact Project platform and how to buy its IMPT token.
Bitcoin has been recognized as a groundbreaking solution to centralized fiat control. However, the methods of creating digital currency have come under intense criticism. For one, mining Bitcoin consumes more energy than some European nations on an annual calendar.
The net negative of this is that cryptocurrencies generally contribute to an already volatile environmental condition. However, one project is currently changing the narrative: Impact Project.
Impact Project is a blockchain that focuses on climate change issues. The platform launched in October 2022 on Ethereum’s new proof-of-stake (PoS) Beacon Chain. Given its laser focus on climate issues, analysts have dubbed it the greenest crypto in the emerging market due to its partnership with the new Ethereum platform.
Impact Project basically streamlines the carbon credit acquisition process by making it more retail-focused. This way, environmentally-conscious investors can join the fight against climate change while being assured that there would be no chance of fraud and double counting.
Even more so, Impact Project allows users to swap their carbon credits for non-fungible tokens (NFTs), which digitally imprint their ownership on the blockchain. Another strong platform appeal is a shopping feature that would allow companies keen on reducing their greenhouse emissions to provide products and services that reflect this directly. Tech giants like Apple and footwear brand Adidas are already signed up for this
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