This podcast features a conversation with Nihar Neelakanti, Co-Founder and CEO of Ecosapiens. Ecosapiens is a unique project that uses carbon-backed NFTs to combat climate change. The podcast delves into the concept of carbon offsetting, the role of Web3 in environmental initiatives, and the future plans for Ecosapiens.
- Ecosapiens’ Unique Approach: Ecosapiens is the first carbon-backed NFT project in the world. It allows consumers to fight climate change by purchasing unique pieces of artwork. The project has been in operation for over a year and has recently raised $3.5 million, bringing their total funding to $5 million.
- Carbon Offsetting Explained: Carbon offsetting is a key part of Ecosapiens’ operations. The process involves counteracting carbon dioxide emissions with an equivalent reduction of carbon dioxide in the atmosphere.
- The Role of Web3: Nihar believes that Web3 and tokenomics can play a significant role in combating climate change. He argues that the current economic system is extractive and unsustainable, but Web3 can create an economic system that regenerates natural resources.
- Future Plans for Ecosapiens: Ecosapiens plans to release multiple collections and drops, and build the first marketplace of carbon sequestering digital goods. They are considering various models, including dynamic NFTs, different character lines, commission pieces, and open editions.
- Advice for Crypto Users and Developers: Nihar advises crypto users and developers to consider the potential of Web3 and tokenomics in creating sustainable economic systems. He also suggests that tokens can be used to incentivize positive actions, such as recycling or reducing carbon emissions.
- Bullish: The podcast exhibits a bullish sentiment towards the use of Web3 and tokenomics in combating climate change. Nihar is optimistic about the potential of these technologies to create sustainable economic systems and incentivize positive actions.
- Neutral: There is a neutral sentiment towards the current state of the crypto space. While Nihar acknowledges the small size of the active user base in the NFT space, he believes that the potential of Web3 and tokenomics outweighs this limitation.
- Bearish: There is no bearish sentiment expressed in the podcast.