We're very excited about an interesting new use case for on-chain carbon: Atlantis World is building the Web3 social metaverse — and they plan to enable carbon retiring in-game. Eventually, Atlantis World wants to build an entire community-led Great Forest of Atlantis, with user owned-trees and biodiversity elements.
CJ Hetherington, Co-Founder & Product Lead Atlantis World, says:
We’re deeply excited to build on Toucan, to realize the vision of a carbon capturing virtual forest in the metaverse! We believe that gamifying the experience and social proof of carbon offsetting are important steps towards making ReFi and a regenerative crypto economy more fun and accessible. This will ultimately lead to an increased sequestration of carbon!
Raphaël Haupt, Toucan Co-Founder, says about the partnership:
Atlantis World embedding carbon retirements is a great demonstration of the variety of new demand sources that Web3 can offer. It also shows that green assets can be used for gamification, so climate action becomes fun and effortless.
Atlantis World: an open web3 social metaverse
Atlantis World is building the Web3 social metaverse by connecting Web3 with social, gaming and education. The result: one lightweight virtual world that's accessible to everyone!
They plan to enable users
- to offset and retire carbon in-game
- eventually build an entire community-led Great Forest of Atlantis with user-owned trees and biodiversity elements.
In the future, Atlantis World sees a great potential to structure perks and incentives around the customization and placement of user owned trees in-game. These trees could, for example, display one's branding or message in a prime location with peak footfall, thus serving as a visual proof of doing good.
Another avenue that is currently being explored: Introducing biodiversity elements with user-owned animals, backed by biodiversity credits. This would help everyone take independent action to protect endangered species.
Toucan at a glance
Toucan is building the technology to bring the world's supply of carbon credits onto energy-efficient blockchains and turn them into tokens that anyone can use. This paves the way for a more efficient and scalable global carbon market. It puts carbon at the heart of decentralized finance and unleashes a transparent flow of money directly into climate projects that make a difference.
Atlantis World's Alpha Soft Launch will happen on August 25. Sign up to be the first to know.