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Ecosapiens raises $3.5M to offset NFT’s carbon impact

Ecosapiens raises $3.5M to offset NFT's carbon impact

Ecosapiens, an NFT project that aims to promote environmental sustainability in the world of blockchain collectibles, has secured $3.5 million in seed funding.

The funding round was led by Collab + Currency, a Web3 fund, and attracted investors such as 9dcc founder gmoney, Coinbase Ventures’ Vice President Shan Aggrawal, and former Moonbirds COO Ryan Carson, among others.

Through its nature-themed NFTs, Ecosapiens enables users to purchase carbon credits to offset the environmental impact of blockchain technology. The avatars serve as a means for collectors to offset their carbon emissions, with Ecosapien owners having the option to purchase additional carbon credits to enhance the rarity of their NFTs.

Ecosapiens is a step towards addressing the environmental concerns surrounding NFTs, which have been criticized for their high energy consumption and contribution to carbon emissions.

By offering collectors the opportunity to offset their carbon footprint, Ecosapiens hopes to promote a more sustainable approach to the creation and ownership of NFTs.

The NFT market has seen significant growth in recent years, with some individual sales reaching millions of dollars. However, the rise of NFTs has also drawn criticism for their environmental impact, as the process of minting NFTs requires significant computing power and energy consumption.

The Ecosapiens project provides a means for individuals to participate in the NFT market while also taking action towards reducing their carbon footprint.

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