Motivation

The Problem

Technology has had a truly transformative impact, opening up possibilities in decentralized finance, digital ownership and other areas. However, we must also acknowledge the consequences that accompany this marvel. Many of the leading blockchain platforms consume significant amounts of energy and computational power, resulting in a large carbon footprint. This raises concerns about how we can embrace innovation while still protecting our environment.

Currently, the concept of carbon credits, which aim to offset emissions and contribute to a sustainable future, seems to be overlooked. The process of institutions obtaining and using these credits is arduous due to procedural complexities in verification and validation. From a retail trader viewpoint, these nuances make the trading of carbon credits daunting for users, hindering their adoption.

In this era of Web3, it is crucial to have platforms that not only enable transactions but also prioritize sustainability as a fundamental part of their values. Users should be able to engage with technology without feeling burdened by its impact on the environment. Unfortunately, such platforms are rare and not easily accessible.

You can learn more about carbon credits from our medium article.

We are the Solution

We have completely transformed the traditional concept of carbon credits by integrating them into our platform, making them easily accessible. Through tokenisation into on chain wCRBN NFTs, we have created a seamless and innovative approach for institutions and users to acquire carbon credits.

Importantly, our mission is aligned with the 2050 climate goals. Viridis aims to facilitate the achievement of these targets, ensuring that every transaction and token generated is executed with the least amount of carbon emissions that our innovation can facilitate. Over the long term, we plan to partner with a carbon emission analytics third party that can provide users with defined sustainability metrics to the carbon neutrality of our chain.

Viridis serves as a vital link between technological progress and environmental sustainability. Unlike many blockchain platforms that worsen ecological concerns, Viridis operates with an eco-conscious approach and promotes sustainable digital usage.

Critically our major goals include:

• Push boundaries to reach the 2050 climate goals and achieve net-zero carbon emissions

• Reduce barrier to entry in the acquisition of carbon offsets for all users

• Produce transparent sustainability metrics that showcase our effort in creating an environmentally conscious chain.

• Interlink companies that push towards ecological sustainability

• Enable all your climate change efforts on one single integrated system

Unlocking The Billion Dollar Carbon Incentive

The real-world impact of a straightforward, trustworthy carbon-credit issuing body for the cryptocurrency ecosystem cannot be overstated. With the total market cap of cryptocurrency exceeding 1 Trillion USD, the increased importance of climate action, and the diversification power of a carbon-offset futures market, it is inevitable that billions of dollars of DeFi investment will flow into a position in this growing market. This investment, when unlocked, translates to tangible incentives worldwide for reforestation, carbon capture and wider innovation around carbon minimization. VRD exists to make this world a reality.