Ecocredit Retirement Solution
Last updated
Last updated
How ecoNFT impact certificates work
Users log in with their Solana wallet and select a project they want to support.
They fill in details on who is credited with offsetting emissions and choose the number of credits to retire.
Users pay for credits in USDC or SOL and confirm the transaction, which retires the credits on Regen Network and mints an NFT on Solana with the embedded transaction hash and all entered details.
NFT Information
Each NFT includes the following information:
Number of credits purchased
Project name and location
Producer of the credits
Who retired the credits (user input)
Date retired
Credit ID number for batch ID
Metadata containing the transaction hash of credit retirement
EcoNFT Impact Certificates Benefits: EcoNFT Impact Certificates support decentralized grassroots environmental innovation, open ecocredit markets, incentivize local action, and offer co-benefits with high verification standards. This unique cross-blockchain solution expands beyond carbon offsets to include water credits, presenting an incredible opportunity for real change in environmental conservation.
Cross Chain Proof of Offset: With ecoNFT Impact Certificates, users can have cross chain verifiable proof of offset, as the hash of the retired credit is built into the NFT's metadata. With this data build into the metadata of the NFTs they can easily be used for token gating and special events serving as proof of offset. By enabling credit retirement across separate blockchains, like Regen and Solana, individuals and organizations can confidently contribute to a more sustainable future.
