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Doing something good for the planet is possible in many ways. Even non-fungible tokens (NFTs) can play a key role in these proceedings, despite this technology's criticism. WakeUp Labs has tapped Rootstock to reward farmers for their proper water practices in agriculture.
Most people may know the name Rootstock as the sidechain to Bitcoin. However, it is more than just an extension of Bitcoin, as Rootstock brings new functionality to the table. That includes the opportunity to build smart contracts or issue non-fungible tokens. Although NFTs may not have the best reputation due to their environmental impact, the new NFTs coming to Rootstock will make a positive climate impact.
More specifically, Rootstock has been chosen by WakeUpLabs to create water neutrality-oriented non-fungible tokens. WakeUpLabs is built on Rootstock and will partner with Kilimo, a leading digital platform for irrigation management in agriculture. Creating water-saving certifications through NFT technology will introduce many new opportunities to help save the climate.
Kilimo Founder Jairo Trad explains:
"We are excited because Kilimo's technology will allow farmers to receive income for saving water, and simultaneously companies can offset their water footprint. This is how we can make Everyday DeFi a reality."
The new NFT certification serves a multi-pronged purpose:
It is evident that something needs to change to help save the climate, and this venture moves that narrative in the right direction.
WakeUp Labs, Kilimo, and Rootstock join forces on this venture to benefit from the immutability of blockchain
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