Toucan 🤝 Ivy Protocol | Future Carbon Credits
Ivy Protocol is an on-chain crowdfunding platform for climate action. They connect early-stage carbon offset projects with funding and resources worldwide. We're excited to deliver a grant and partner with Ivy!
Ivy Protocol is an on-chain crowdfunding platform for climate action. They connect early-stage carbon offset projects with funding and resources worldwide. We're excited to work with Ivy to pioneer future carbon credits, enabling users to help finance pre-issuance environmental projects.
Niklas Terrahe, Co-Founder of Ivy Protocol, says:
Toucan is a crucial player in building out the technical infrastructure around blockchain-enabled carbon markets. We believe this new era of climate financing should be transparent and non-fragmented. And we are proud to build & shape this exciting chapter from the earliest days. Together with Toucan, we’ll accelerate the transition towards a regenerative economy.
Raphaël Haupt, Toucan Co-Founder, says:
Forward-financing for climate projects is a huge issue, and Ivy Protocol addresses this. Improving this particular element of the carbon credit value chain will help scale the supply of credits to the dimensions needed.
Toucan sees the strategic importance of projects like Ivy, and we are thrilled to support them with a Toucan Grant. Ivy will be using the grant funds to further develop the technical infrastructure of their protocol, to unlock immediate and transparent climate financing for projects on the ground.
Easy way to back early-stage carbon offset projects
The demand for carbon credits is expected to grow by 10x in the next decade and 100x in the next 30 years. But supply can’t keep up and is lagging far behind demand. Ivy addresses this issue by providing a way to drive financing to carbon credit developers from the beginning. They connect early-stage carbon projects such as reforestation, afforestation, and direct air-capturing with funding and resources. People across the world will be able to directly back climate projects around the globe via Ivy's user-friendly and accessible platform. This will, in turn, help speed up the process of decarbonization and mitigating climate change.
Ivy's goal is to fund the next 1000 offset projects, which will remove approximately one gigaton of carbon dioxide from the atmosphere – the equivalent of taking 211 million cars off the road.
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.
Action items
Do you have an offset project idea that needs funding? Get in touch with Ivy!
Ivy is hiring! Visit their Jobs page to get involved.
Resources
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.