China Carbon Neutral Development Group Limited to combat climate changes by NFT
China Carbon Neutral Development Group Limited (HKSE:1372) to combat climate change by issuing Carbon Emissions Reduction NFT
Blockchain technology and Carbon Emissions Reduction are the most popular investment themes recently. To capture the market opportunities, China Carbon Neutral Development Group Limited ("C CarbonNeutral") (HKSE:1372) makes use of blockchain technology to issue the world's first carbon asset digital collectible ("NFT"). The underlying asset represented by the NFT is the Group's carbon credit accredited by the Verified Carbon Standard ("VCS"). Institutions, enterprises or individuals can buy the carbon asset NFT on the platform to offset related emissions and hence achieve carbon neutrality. C CarbonNeutral also issues a new type of carbon emissions reduction NFT ("New Type NFT") on Ethereum, a most trustworthy open-source public blockchain platform with smart contract functionality. The New Type NFT will be promoted on OpenSea, the first and largest NFT marketplace platform in the world.
Making the New Type NFT available on OpenSea is another smart move of the C CarbonNeutral. OpenSea is an American online non-fungible token (NFT) marketplace headquartered in New York City. It offers a marketplace allowing for non-fungible tokens to be sold directly at a fixed price, or through an auction, based on the Ethereum ERC-721 standard and the layer-2 scaling solution for Ethereum Polygon. In 2021, following a heightened interest in non-fungible tokens, the company's revenue reached $95 million in February 2021 and $2.75 billion in September of that year. By January 2022, the company had been valued at $13.3 billion and has been considered the dominant non-fungible token marketplace.
Issuing the carbon emissions reduction NFT also confirms C CarbonNeutral's quick response capability to political changes. In Mar 2022, The Hong Kong Stock Exchange and the Securities and Futures Commission have jointly set up a Carbon Market Workstream of the Green and Sustainable Finance Cross-Agency Steering Group (CASG) which provides a preliminary assessment of feasibility for HK to pursue carbon market opportunities. The issue of the carbon emissions reduction NFT does not only provide C CarbonNeutral a huge opportunity to the carbon market, but also brings first-mover-advantage to C CarbonNeutral as it is the very first listed company issuing carbon emissions reduction NFT.
Nowadays, although the net zero carbon has been a hot investment topic, retail and institutional investors can only participate in the global carbon market to a limited extent. Investing in the market through various investment tools is their only option. Through issuing the carbon emissions reduction NFT, C CarbonNeutral opens up another gateway for retail and institutional investors to capture the carbon market opportunities. The carbon emissions reduction NFT will not only deliver good business returns, but also allow C CarbonNeutral to contribute its efforts to combat climate change.
Blockchain technology and Carbon Emissions Reduction are the most popular investment themes recently. To capture the market opportunities, China Carbon Neutral Development Group Limited ("C CarbonNeutral") (HKSE:1372) makes use of blockchain technology to issue the world's first carbon asset digital collectible ("NFT"). The underlying asset represented by the NFT is the Group's carbon credit accredited by the Verified Carbon Standard ("VCS"). Institutions, enterprises or individuals can buy the carbon asset NFT on the platform to offset related emissions and hence achieve carbon neutrality. C CarbonNeutral also issues a new type of carbon emissions reduction NFT ("New Type NFT") on Ethereum, a most trustworthy open-source public blockchain platform with smart contract functionality. The New Type NFT will be promoted on OpenSea, the first and largest NFT marketplace platform in the world.
Making the New Type NFT available on OpenSea is another smart move of the C CarbonNeutral. OpenSea is an American online non-fungible token (NFT) marketplace headquartered in New York City. It offers a marketplace allowing for non-fungible tokens to be sold directly at a fixed price, or through an auction, based on the Ethereum ERC-721 standard and the layer-2 scaling solution for Ethereum Polygon. In 2021, following a heightened interest in non-fungible tokens, the company's revenue reached $95 million in February 2021 and $2.75 billion in September of that year. By January 2022, the company had been valued at $13.3 billion and has been considered the dominant non-fungible token marketplace.
Issuing the carbon emissions reduction NFT also confirms C CarbonNeutral's quick response capability to political changes. In Mar 2022, The Hong Kong Stock Exchange and the Securities and Futures Commission have jointly set up a Carbon Market Workstream of the Green and Sustainable Finance Cross-Agency Steering Group (CASG) which provides a preliminary assessment of feasibility for HK to pursue carbon market opportunities. The issue of the carbon emissions reduction NFT does not only provide C CarbonNeutral a huge opportunity to the carbon market, but also brings first-mover-advantage to C CarbonNeutral as it is the very first listed company issuing carbon emissions reduction NFT.
Nowadays, although the net zero carbon has been a hot investment topic, retail and institutional investors can only participate in the global carbon market to a limited extent. Investing in the market through various investment tools is their only option. Through issuing the carbon emissions reduction NFT, C CarbonNeutral opens up another gateway for retail and institutional investors to capture the carbon market opportunities. The carbon emissions reduction NFT will not only deliver good business returns, but also allow C CarbonNeutral to contribute its efforts to combat climate change.