It might come as a surprise that one of crypto’s biggest “use cases” has been in combating climate change, considering the overall sentiment around blockchain’s environmental footprint and heavy energy consumption.
In just the last three months of 2021, some $3 billion worth of tokenized carbon credits were traded, accounting for hundreds of millions of metric tons of the greenhouse gas, according to The Wall Street Journal, citing KlimaDAO data.
In the first six months of this year, at least 23 million carbon credits were moved on-chain from centralized registries, representing about a quarter of credits listed at the time, according to data provider Trove Research.
Then there’s the $423 million that venture capitalists have invested in crypto-based carbon tracking initiatives over the past 18 months.
Despite this measurable market growth, a big win for those looking to disrupt and democratize the sclerotic world of carbon offsetting, the industry is facing something of an...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...