October 26, 2022 – California, United States
Regen Network Development released its marketplace application for tokenized carbon and ecological assets, Regen Marketplace.
Regen Network allows carbon project developers to originate high-quality nature-based carbon credits to markets, catalyzing regenerative finance solutions to the climate crisis. Regen Marketplace takes advantage of Regen Ledger, the application-specific blockchain which brings transparency and public governance to voluntary carbon markets, built on the CosmosSDK.
Regen Marketplace is a blockchain platform for the origination, governance and exchange of tokenized ecological assets. Climate impact projects can define, manage, mint and sell tokenized carbon and other ecological assets in the blockchain-based registry system.
Using Regen Marketplace, blockchains and validators striving to meet their climate commitments are encouraged to purchase, transfer, retire and bundle tokenized carbon on the blockchain for carbon offsetting purposes, effectively removing carbon dioxide and other greenhouse gases from the atmosphere.
Blockchain DApps are encouraged to export tokenized carbon for DeFi or consumer climate impact apps.
In addition to the marketplace launch, Regen Network will be introducing the Nature Carbon Ton (NCT) to the Interchain Economy. NCT will be the first IBC-compatible carbon token for the Interchain economy by the soon-to-be launched Regen Ledger to Polygon bridge, co-implemented by Regen Network Development and Toucan Protocol.
This allows for the activation of the Cosmos ZERO campaign a climate impact initiative for Cosmos-ecosystem blockchains to become carbon neutral.
In this campaign, Cosmos-based protocols work to identify their carbon footprints, utilize protocol governance to make a carbon neutral commitment, purchase Nature Carbon Ton from the NCT:REGEN pool launching on the Osmosis decentralized exchange and redeem NCTs for ‘ecocredits,’ retiring them on Regen Ledger for carbon offsetting claims.
Since 2020, Regen Network Development has partnered with blockchain protocols to become verifiably carbon neutral, including Osmosis, Stargaze and Cheqd, retiring over 10,000 tons of carbon. In doing so, participants are able to submit a personalized message about their climate impact as tokenized carbon is retired to be memorialized on the blockchain.
The CosmosZERO campaign aims to catalyze protocol and validator carbon offsetting within the Cosmos-based ecosystem to achieve the goal of net zero carbon emissions on the blockchain.
Gregory Landua, CEO of Regen Network Development, said,
“The launch of the Regen Marketplace is a historical milestone in the global effort to address the climate crisis. Bringing more nature-based credits to a market hungry for a supply of high-quality carbon credits will help scale the global effort to reverse climate change.
“The underlying characteristics of this disruptive new marketplace are critical radical transparency, community governance and an open-source tech stack designed to rapidly expand and decentralize the global movement to reverse climate change.
“Regen Network is a neutral, sovereign appchain to serve the demands of the growing climate impact movement and market for nature-based carbon and ecological assets.”
Regen Network’s strategic launch partnership with CFC (City Forest Credits Registry) aims to kickstart a market for urban forest carbon credits by tokenizing and listing the 2021 City Forest Credits portfolio in Regen Marketplace.
CFC is the US national standard for carbon emission reductions through urban forest preservation and carbon removal through urban tree canopy reforestation.
The urban forestry projects featured in the marketplace launch have direct impacts on 20 million Americans in urban communities, represent all the verified city forest carbon across the United States and is the largest urban forest carbon placement in history and the first blockchain-based urban forestry portfolio.
As Regen Network onboards more partners to participate in the growing ecosystem of climate impact champions, like Moss.Earth, Open Earth Foundation, Earthbanc, ERA Brazil, Shamba Protocol and Terra Genesis International, the protocol hopes to gain mainstream participation in the end-to-end lifecycle of seamlessly designing, tokenizing and purchasing carbon credits to retire them for climate change impacts.
Over 20 partners are currently designing new ecological assets within Regen Marketplace, giving consumers access to a climate-positive economic system. In 2020, Regen Network sold and retired over 120,000 CarbonPlus Grasslands credits to Microsoft for its Moonshot goal on the Regen Network blockchain.
For more information, visit the website.
Gregory Landua, CEO of Regen, is available for interviews.
About Regen Network
Regen Network is an application-specific blockchain designed to serve the demands of the growing climate impact movement and market for nature-based carbon and ecological assets. Regen Network’s blockchain infrastructure originates high-quality nature-based tokenized carbon to markets, catalyzing regenerative finance solutions to the climate crisis.
About Regen Network Development, Inc.
Regen Network Development, Inc. is a blockchain software development company focused on building applications for ecological regeneration on the Regen Network blockchain. RND, Inc. has been a maintainer of the CosmosSDK software stack since 2019.
RND, Inc. is responsible for the largest Australian-based carbon credit purchase, the largest US-based urban forest carbon purchase and the largest soil carbon credit purchase in history. RND, Inc. sold the first issuance of CarbonPlus Grasslands credits to Microsoft for its Moonshot goal.
Learn more here, check out the press kit and follow us on Twitter.
About City Forest Credits Registry
City Forest Credits is a 501(c)(3) nonprofit carbon registry that manages carbon and impact standards for metropolitan areas in the United States.
Contact
David Fortson, director of marketing at Regen Network Development
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Source: https://dailyhodl.com/2022/10/26/carbon-offsetting-for-blockchains-and-beyond-regen-network-launches-carbon-marketplace/