Virtual Landowners Donate With a Decentralized Charity
17 Ottobre 2021 - 11:00AM
NEWSBTC
Next Earth, the NFT-based replica of Earth, announced that over
$64,000 in proceeds from the sale of its virtual land will be
donated to four environmental charities. The Ocean Cleanup, SEE
Turtles, Kiss the Ground, and Amazon Watch will each receive funds
allocated by a community-based vote. The allocation of funds across
these four charities took place in a Decentralized Autonomous
Organization (DAO), which enables Next Earth’s community to decide
how to allocate funds raised from virtual real estate sales. DAOs
are a new form of governance structure where token holders can vote
for the allocation of resources via decentralized governance,
rather than through traditional boardrooms. The virtual land funds
were pre-allocated, with 10% of the total raised being allocated
for charitable contributions. The Ocean Cleanup received the
largest share of votes, and will get 86 BNB, while SEE Turtles will
receive 24.57 BNB, and Kiss the Ground and Amazon Watch will each
receive roughly half of the remaining 51 BNB. The four charities
Next Earth’s decentralized charity initiative is allocating funds
across four important environmental groups. Let’s look at each of
these in brief. The Ocean Cleanup is an organization that intends
to clean up the world’s oceans using a system that employs floating
barriers, which will remove ocean plastic as it is collected, while
also collecting plastic from river streams. Ocean plastic is an
enormous environmental problem, and The Ocean Cleanup’s system is a
promising potential solution to this ongoing crisis. The Ocean
Cleanup has prevented over 1 billion bottles from reaching the
oceans. Their goal of cleaning up 90% of the world’s floating ocean
plastic is ambitious, but not impossible. Amazon Watch works to
conserve biodiversity and human rights in some of the most fragile
ecosystems on Earth – the Amazon Rainforest. They collaborate with
indigenous people to drive change. The rainforest is one of the
largest carbon sinks on Earth, but it is also home to many
endangered species, as well as massive deforestation projects. SEE
Turtles is a non-profit organization that protects endangered sea
turtles with conversation tours, supporting nesting beaches,
helping to end demand for turtleshells, and cleaning up waste from
turtle habitats. These actions are important, complementary efforts
to help save turtles. Kiss the Ground empowers regenerative
agriculture efforts, which is a conservation and rehabilitation
approach that supports food and farming systems. Regenerative
agriculture focuses on topsoil regeneration, biodiversity,
improving the water cycle, increasing resilience to climate change,
and more. Why it matters The most important investment in the world
is not buying and selling stocks or bonds. It’s investing in
projects that can help us fix our environment. Recently, the IPCC
(Intergovernmental Panel on Climate Change) published a new report
that underscores how urgent it is for humanity to act. It’s now
“code red” for humanity. We are facing a climate crisis. The
actions we take today can make or break our future. There is no
more important investment than investing in projects that will help
us stabilize our climate, adapt to climate change, and get out of
the carbon business altogether. The future needs investment now if
we want relief from climate change and resource depletion, and it
needs it in new ways that will create opportunities for people who
haven’t benefited much from capitalism before. DAO-based charitable
giving is one of the most promising ways to invest in future
environmental projects. DAOs, Decentralized Autonomous
Organizations, are organizations that run on smart contracts on
blockchains. They are digital entities that can perform many
functions normally associated with traditional businesses,
including raising money or issuing securities. In the case of a
charity, a DAO may allocate funding to various organizations based
on community voting. In a DAO, it’s easy for new participants to
get involved if they want to help make decisions or invest in
projects. It also means that companies can more easily turn their
focus from making a profit to making the world a better place.
Solving our tremendous global challenges cannot be done solely with
traditional means. The billions of people who have been shut out of
investing until now may need a better way to support the
organizations that are creating change. DAOs can provide a powerful
new tool for social engagement and investment, and Next Earth
metaverse is using this technology to make a real difference in the
long-term health of our planet. Photo by Drew Graham on
Unsplash
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