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Nori Launches Public Web3 Platform to Support Transparent Carbon Removal Market

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It is reported that Nori, the end-to-end scalable carbon removal market, today announced the launch of the public Web3 platform. Through this release, Nori\’s ca

Nori Launches Public Web3 Platform to Support Transparent Carbon Removal Market

It is reported that Nori, the end-to-end scalable carbon removal market, today announced the launch of the public Web3 platform. Through this release, Nori’s carbon removal market moved to Polygon and accepted the USDC. It will support companies and individuals who purchase Nori Removal Tonnes (NRTs) and renewable farmers who provide these NRTs to be completely transparent to the verified carbon removal transaction. Once the NRT is issued, they will remain in the supplier’s wallet as NFT until they are sold, which means that the supplier really owns the carbon they remove until they are sold. At the time of purchase, the NRT of the supplier will be replaced by USDC, and the payment will be received immediately for each sale, regardless of size. These are the basic steps for suppliers to achieve complete transparent real-time tracking of their generated NRT.

Scalable carbon removal market Nori announced the launch of public Web3 platform

Analysis based on this information:


Nori, an end-to-end scalable carbon removal market, has launched its public Web3 platform that supports transparent tracking of carbon removal transactions. The platform has moved to Polygon and now accepts USDC, enabling companies and individuals to purchase Nori Removal Tonnes (NRTs) and renewable farmers to provide these NRTs in a completely transparent manner.

The NRTs are issued to the suppliers and remain as NFT in their wallet until they are sold, which means that the supplier owns the carbon they remove until it is sold. When a buyer purchases an NRT, the supplier’s NRT is replaced by USDC, and the payment is received immediately for each sale, regardless of the size of the transaction. These steps enable suppliers to achieve complete transparency and real-time tracking of their generated NRT.

The launch of the Web3 platform aligns with Nori’s mission to create a transparent and reliable carbon removal market that incentivizes carbon sequestration and reduces carbon emissions. The use of a public blockchain also enhances transparency and traceability in the carbon removal market, which has been a challenge due to the lack of clear standards and regulations.

Furthermore, Nori’s platform supports renewable farmers who play a critical role in the carbon removal market. These farmers can create NRTs by sequestering carbon in their soil or other methods and then sell them on the Nori platform to companies or individuals who want to offset their carbon emissions. This creates a new revenue stream for renewable farmers and supports the growth of the carbon removal industry.

In conclusion, Nori’s launch of the public Web3 platform is a significant step towards creating a transparent and reliable carbon removal market. The use of blockchain technology and NFTs enables suppliers to track carbon removal transactions in real-time and receive immediate payment for their NRTs. The platform also supports renewable farmers who contribute to carbon sequestration efforts and provides companies and individuals with an easy way to offset their carbon emissions.

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