With the help of Offsetra, CryptoVoxels is doing its part to reduce its carbon footprint. Offsetra helps teams to achieve carbon neutrality. The way it does this is by selling them certified carbon offset credits.
Offsetra helps CryptoVoxels be proactive about carbon footprint
Significantly, CryptoVoxels operates on the Ethereum blockchain. That is to say, it is responsible for some of the network’s carbon emissions.
Like many blockchains, Ethereum uses a system called proof-of-work. Specifically this is how transactions take place on the network. The problem is that proof-of work is very energy intensive. As a result this means that the Ethereum network puts out a lot of CO2. As a matter of fact, more and more people use Ethereum every day. Therefore this means that the amount is growing.
On the positive side, Ethereum will soon be changing the way it completes transactions. The new method is called proof-of-stake. For one thing, this upcoming switch will greatly reduce the energy the system uses.
Nevertheless, proof-of-stake is not here at this point. In the meantime, projects like CryptoVoxels are doing better than just waiting for it. With this purpose in mind, the partnership with Offsetra has led to an offset of 1,528 tonnes of CO2. This move makes CryptoVoxels a carbon neutral platform.
At this point CryptoVoxels is already a hugely popular metaverse destination. Obviously the fact that it is carbon neutral can make it even more appealing to many.
How does Offsetra help reduce companies’ carbon footprints?
Offsetra is perfectly suited to help companies like CryptoVoxels reduce their carbon footprint. With this in mind, there are a number of missions on the Offsetra website. One of these missions is to “Support businesses in achieving their net zero ambitions”. This is surely what they have done with CryptoVoxels.
At first, Offsetra helps CryptoVoxels to calculate their CO2 emissions. Then they provide them with a number of offset credits. Now CryptoVoxels can use the credits to offset their carbon emissions. Thus they can reduce their carbon footprint.
The touchy subject of the blockchain’s carbon footprint
All things considered, it should be pointed out that there are some people who are skeptical of crypto. Thus, some may not be pointing out these concerns for purely noble reasons. To put it another way, is it fair to say that this is a scapegoat argument? By all means, as crypto becomes more mainstream, it becomes harder to write it off.
As an illustration, consider the “right click save” critique of NFTs. This argument goes, “why buy an NFT when you can simply right click and save the image?”. Despite this NFTs keep getting more popular. This makes that critique matter less and less.
In contrast, environmental concerns are much more valid. On account of climate change, it’s important to listen to those criticisms. For that reason those concerns are harder to challenge than other issues people may have with the blockchain.
Without a doubt, these are concerns worth talking about. Indeed, many people in the NFT space are actively trying to both assess and reduce their carbon footprints.
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, make your own research prior to making any kind of investment.