What is an NFT and why does Carbontribe issue NFT credits?

NFTs (Non-Fungible Tokens) are one-of-a-kind digital assets stored on a blockchain, guaranteeing authenticity, ownership, and transparency. Unlike traditional carbon credits, NFT-based credits are tamper-proof, ensuring that each carbon offset is unique and verifiable, preventing double-counting. By tokenizing carbon credits as NFTs, Carbontribe creates a system where carbon offsets can be traded, verified, and retired with ease, making the entire process more efficient and trustworthy. Key benefits of Carbontribe’s NFT model:

✅ Prevents Double-Counting
Each NFT represents a unique, verifiable carbon credit, ensuring one-time ownership and eliminating duplication.

✅ Single Source of Truth
Carbontribe shares all the metadata and information linked to each NFT, enabling global auditability and transparency.

✅ Full Transparency
Blockchain technology tracks credit issuance, trading, and retirement, making the carbon offset process publicly auditable.

✅ Global & Fractional Access
NFTs enable small-scale participation and simplified trading on decentralized marketplaces, broadening market access.

✅ Automated Retirement
Smart contracts ensure that carbon credits are automatically retired upon use, delivering real impact without delays.

✅ Increased Liquidity
NFT-based carbon credits can be bought, sold, and retired more efficiently, improving market efficiency and accessibility.