Brazil is selling NFTs in order to save the Amazon

Brazil: Nemus issues non-convertible debt to fund Amazon forest conservation

Flavio de Meira Penna’s Brazilian company Nemus has apparently begun selling NFTs as a new way to fund the conservation of the Amazon rainforest, which it controls 410 square kilometres of (158 square miles).

Nemus’ NFTs enable purchasers to support the conservation of specific and unique forest regions and tracts of varied sizes. While NFT holders do not own the property, they do have access to critical conservation information, ranging from satellite images to licences and other documentation.

On the first day, Nemus sold 10% of an initial token offering for 8,000 hectares. The sale proceeds will be utilized to protect trees, rehabilitate degraded areas, and promote sustainable development.

Penna stated that the monies will also be used to promote sustainable development projects such as acai berry and Brazil nut gathering by local populations in Pauini, which is about the size of Belgium.

Additionally, Nemus connects consumer purchases to pieces of art.

Along with all of the aforementioned rights to help save the forest, purchasers of Nemus NFTs will receive a piece of artwork depicting an Amazonian plant or animal made by San Francisco-based Concept Art House, a content creator and publisher of NFTs.

NFTs are associated with pieces of land ranging in size from a quarter of a hectare to 81 hectares, which buyers can identify using online maps. Prices for smaller plots range from $150 to $51,000 for bigger ones.

The following is Nemus’ announcement about the weekend mining opening:

Non-Fungible Tokens that will keep you safe from war

Not just in Amazonia, but also in Ukraine, which is still under Russian invasion, Non-Fungible Tokens, or NFTs, are being considered.

Mykhailo Fedorov, Ukraine’s Minister of Digital Transformation, revealed yesterday the establishment of the NFT Museum, the Meta History Museum of War: a chronology of war depicted through NFTs.

The selling of these NFTs will begin tomorrow, with the proceeds benefiting both the Ukrainian population and the “preservation of battle memories.”

 

Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.

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