SavePlanetEarth's Certified Carbon Credit Smart NFTs Poised to Make Impact on Climate Change
Nov 5, 2021
Sapling in Sri Lanka
These distinctive blue nets are used for every tree planted by SavePlanetEarth to protect the saplings until they can fend for themselves.
Environmental company SavePlanetEarth (SPE) is setting up its very own certified Carbon Credit Smart NFTs to bolster efforts in combating climate change from a cryptocurrency angle.
SPE has partnered with various governments and NGOs worldwide to tackle climate change, successfully contracting over one billion trees to be planted and protected throughout the Maldives, Sri Lanka, and Pakistan. These trees conduct the vital task of sequestering carbon dioxide (CO2) naturally, which, in turn, lowers the greenhouse gas level in the atmosphere. SPE uses the sequestered carbon as certifiable "carbon credits" — creating a sustainable business model in the emerging cryptocurrency market. Profits from the sales of these credits can be reinvested into even more carbon sequestration efforts.
In a statement, SPE cautioned that the effects of climate change have rapidly emerged during the last century, adding that inaction against climate change is often attributed to necessary funding falling short or being entrapped in bureaucratic processes that stop it from reaching projects promptly. SPE emphasized the need for new and innovative financing to support strategies that combat carbon-emission build-up by funding projects directly and developing innovative funding mechanisms, noting that the emerging cryptocurrency market can help combat these funding issues and help aid in the sequestration processes to combat global warming.
SPE currently has a cryptocurrency called $SPE, primarily created to be the exclusive currency used within its carbon credit exchange. Six months since SPE's inception, it has gathered a community of over 80,000 investors. SPE's venture into the crypto market is part of a larger goal in creating a green blockchain entirely powered by renewable energy — an initiative currently in development that will primarily have a carbon-offset utility design. Due to SPE running its environmental initiatives in various countries, it earns carbon credits for every ton of carbon sequestered by its initiatives.
Carbon Consulting Company (CCC) is partnered with SPE to verify SPE's certified carbon credits to the Gold Standard, allowing it to be listed in the UN registry. Due to SPE project's legitimacy, it will be producing the first-ever verifiably certified Carbon Credit NFTs (CCNFTs). SPE has decided to partner with popular native blockchain Phantasma, which has an NFT marketplace. Their environmentally friendly portfolio and eagerness to lower their carbon footprint, makes them a suitable partner and an excellent option since SPE's blockchain and carbon credit exchange are still in production.
Phantasma is home to carbon-neutral Smart NFTs with some of the most advanced NFT capabilities in the industry. The Phantasma blockchain can be used for digital goods and services such as communication, entertainment, on-chain storage and, in SPE's case, for its green NFT technology and marketplace. As a part of its partnership, SPE will verify Phantasma's carbon neutrality. Through SPE's own Carbon Credit NFTs, Phantasma will take its focus on the environment one step further and become carbon negative, making it a provably green blockchain for developers to build their decentralized applications on.
SPE has further plans to reinforce the crypto sphere's environmental impact, not just through its initiatives but by releasing SPEPad — a launchpad for new carbon sequestration-related cryptocurrency projects that the SPE team has vetted.
CONTACT: Imran Ali - Founder: [email protected]
WEBSITE: https://SavePlanetEarth.io
WHITEPAPER: https://SavePlanetEarth.io/SPE_WhitePaper.pdf
TELEGRAM: https://t.me/SavePlanetEarthOfficial
DISCORD: https://discord.gg/DRJCrvvuQy
PHANTASMA: https://phantasma.io
Press Release Service by Newswire.com
Original Source: SavePlanetEarth's Certified Carbon Credit Smart NFTs Poised to Make Impact on Climate Change
More News
‘A Hawaiian son’: Honolulu honours Sun Yat-sen as his landmarks vanish
Eddie Flores pressed the button at a pedestrian crossing on King Street, then pointed across the road. In the spring of 1910, Chinese revolutionary Sun Yat-sen lodged over there, on the second floor of a shop owned by a friend and fellow party member. “It’s no longer there,” said Flores, chairman of the restaurant chain L&L Hawaiian Barbecue. “But we can more or less point out where the building is.” Much of Sun’s Honolulu has to be found this way. The church where he worshipped as a boy was...
Rahul Gandhi calls on opposition parties, civic groups, others to join INDIA bloc protest march on Oct 12
Rahul Gandhi urged opposition parties and civil society groups to join a protest march to the Supreme Court. This protest is scheduled for October 12 and aims to address electoral roll concerns. The march will also demand the resignation of Chief Election Commissioner Gyanesh Kumar. Gandhi emphasized the importance of unity among various groups opposing the current government's actions.
How to track your runner during 2026 Bank of America Chicago Marathon, full list of street closures, schedule of events and more
The highly anticipated 2026 Bank of America Chicago Marathon is set for Sunday, attracting over 55,000 participants. Runners will benefit from a tracking app that offers real-time course updates. The race kicks off and concludes at Grant Park, featuring organized waves for both elite and casual runners. Viewers can follow the event online through various live streaming options. Expect notable street closures across Chicago during the marathon.
Army plans underground protective infrastructure along China, Pakistan borders
The Northern Command has invited tenders, giving time till November 7 for vendors to submit responses for 19 different projects
'Will hit streets': CJP's Abhijeet Dipke says haven’t signed any bond promising not to protest again
Abhijeet Dipke, founder of the Cockroach Janta Party, announced his commitment to protesting Gyanesh Kumar's removal. He claimed no bond was signed to prevent future protests against the Chief Election Commissioner. After being released from custody, Dipke met reporters at Nagpur airport en route to his grandmother's last rites. Delhi Police released a video refuting claims regarding his knowledge of his grandmother's death.
'Will hit streets': CJP's Abhijeet Dipke says haven’t signed any bond promising not to protest again
Abhijeet Dipke, founder of the Cockroach Janta Party, announced his commitment to protesting Gyanesh Kumar's removal. He claimed no bond was signed to prevent future protests against the Chief Election Commissioner. After being released from custody, Dipke met reporters at Nagpur airport en route to his grandmother's last rites. Delhi Police released a video refuting claims regarding his knowledge of his grandmother's death.
School holiday tomorrow (October 12, 2026): Will schools be closed on Monday? Check state-wise updates
School holiday tomorrow: On October 12, 2026, educational institutions across India are expected to function as usual. However, some schools may close due to localized holidays or adverse weather conditions. Parents are encouraged to stay updated through official sources regarding their school's operating status. No overarching holiday has been declared by state authorities for this date, emphasizing the importance of being informed about particular school arrangements.
World looks to you for solutions, carry Tamil culture everywhere, PM Modi urges students
During the golden jubilee celebration at Jaigopal Garodia Hindu Vidyalaya, Prime Minister Narendra Modi inspired students by discussing the pivotal role of youth empowerment. He emphasized their capacity for innovation in addressing global challenges. Modi also celebrated Tamil culture, referencing 'Thirukkural' as an essential life guide, reinforcing his belief that the nation’s future is bright, reflective of today’s youth contributions to societal advancement.
Pamela Anderson’s 15,000-square-foot Canadian garden feeds her community, but she also harvests roses to make face oils
Pamela Anderson has transformed her Canadian estate on Vancouver Island into a 15,000-square-foot vegetable garden that supplies food to her community. But the actress also revealed that she harvest rose hips and makes face oils and all sorts of beauty treatments out of them. The actress has described gardening as a way to reconnect with herself after travelling for work.
Ranji Trophy: Prithvi Shaw fires, Ankit Bawne hits ton on Day 1 in Palam
Ranji Trophy: Prithvi Shaw fires, Ankit Bawne hits ton on Day 1 in Palam
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.