Crypto Altruism Podcast Episode 89 - Ecosapiens - Merging climate tech and digital assets with the first carbon-backed NFT
In episode 89, we’re excited to welcome Nihar Neelakanti, Founder & CEO of Ecosapiens, the world’s first Carbon-backed NFT project. We discuss how Web3 is a perfect tool to incentivize climate action, how blockchain can improve carbon markets, NFTs as a powerful tool for activists and changemakers, advice for seeking out venture capital funding in Web3, and much more.
Three Key Takeaways
The thesis behind Ecosapiens is that Web3 can help incentivize individual climate action by making it one-click easy, financially attractive, and socially rewarding.
Through their impact-to-earn protocol, Ecosapiens is using Web3 tokenomics to create a marketplace that rewards positive actions.
The technology around carbon markets is outdated, and Web3 can help improve carbon markets by eliminating the risk of double-counting through the storing of credits on-chain, increasing transparency in the markets, and creating more liquidity.
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Episode Time Stamps
02:40 - What was your “Ah hah” moment that got you excited about cryptocurrency and web3 in the beginning?
07:05 – Tell me about the story behind Ecosapiens.
12:10 - Can you please give listeners an introduction to Ecosapiens and the work you’re doing?
19:40 - You mentioned how Ecosapiens is the first carbon-backed NFT – can you please explain the mechanism for backing each NFT with carbon?
22:00 - One of the biggest criticisms of carbon offsets is that they can vary in quality and consistency, and that the methodology behind some of them can be questionable. How can blockchain help improve carbon markets?
27:25 - I understand that you’ve received a lot of backing from some leading blockchain and climate investors. What was your experience seeking out funding? What advice would you have for other projects seeking out VC funding?
33:40 - Climate tech is a rapidly growing space, with new innovations seemingly being discovered every day. What are some of the most compelling use cases you’ve seen for how Web3 can help combat climate change?
37:55 - How do you see NFTs as being a powerful tool for activists and changemakers?
44:25 - What’s the best way for listeners to learn more and get involved with Ecosapiens?
45:50 - To wrap things up, if you could name one thing that excites you most about the social impact potential of web3, what would it be and why?
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DISCLAIMER
While we may discuss specific web3 projects or cryptocurrencies on this podcast, please do not take any of this as investment advice, and please make sure to do your own research on potential investment opportunities, or any opportunity. We host a variety of guests on this podcast with the sole purpose of highlighting the social impact use cases of this technology. That being said, Crypto Altruism does not endorse any of these projects, and we recognize that, since this is an emerging sector, some may be operating in regulatory grey areas, and as such, we cannot confirm their legality in the jurisdictions in which they operate, especially as it pertains to decentralized finance protocols. So, before getting involved with any project, it’s important that you do your own research and confirm the legality of the project. More available HERE.
