Plastiks has decided to become a member of the Climate Collective. The network brings together manufacturers and recyclers to boost the value of recovered packaging and recoup plastic waste via NFT credits.
The Collective, which is based on the carbon-neutral Celo protocol, is a growing collaboration of organizations, people, and initiatives committed to correcting the detrimental consequences of climate change using Web3 technology. The Celo blockchain will be connected to the Plastiks marketplace once it joins the Collective.
Plastic Recycling Guarantees will be a new kind of regenerative tokenized asset provided by Plastiks to Celo, coupled with a robust NFT marketplace supporting a varied range of communities and use cases, including sports and entertainment. Connecting to Celo’s carbon-neutral blockchain, for example, improves Plastiks’ environmental benefits by allowing it to contribute to carbon offsets for its NFTs. Plastiks will also begin working with other members of the Climate Collective who share his perspective right now.
“Partnering with Celo is an important step for Plastiks that can help us reach our goal of enhancing the
commercial value of recycled plastic and, ultimately, reduce the amount of plastic waste that ends up in the
environment,” said Andre Vanyi Robin, the company’s founder, and CEO. a. “Access to Celo’s carbon-neutral
blockchain and knowledge sharing with the Climate Collective’s broad range of environmentally focused
collaborators will help us reach more companies and develop new ways to use NFTs in pursuit of a
sustainable future.” Andre will participate in the NFT Creators panel at Celo Connect, Celo’s first global conference, on April 5, 2022, in Barcelona, Spain.
Nozama, a worldwide sustainability technology business based in London, debuted Plastiks as the world’s first utility NFT in early 2022. Plastiks is a leader in the fight against global plastic pollution, supporting an increase in the amount of plastic collected for recycling, which is desperately required. The Plastiks marketplace allows global recyclers to convert invoice data to NFTs. Each NFT produced uses blockchain data to ensure that an equal amount of plastic is retrieved, preventing it from entering the environment. Plastic producers, consumers, and recyclers, as well as NFT collectors, may then buy and sell these NFTs. These transactions give recyclers an additional revenue stream from plastic that has already been collected, as well as an opportunity for manufacturers and consumers to make a significant investment in single-use plastic recovery (SUPs).
“We are excited to work with Plastiks to drive adoption and usage of its platform across the Celo ecosystem
by composing Plastiks NFTs with other Celo products,” said Nirvaan Ranganathan, Program Manager,
Climate Collective. “As a mission-aligned coalition, we support targeted collaborations between Climate
Collective members and look forward to raising broader awareness about Plastiks’ impact.”
Nozama, a global sustainability technology startup located in London, was founded in 2019. It provides a collection of blockchain-ready cloud-based tools that assist organizations in meeting their sustainability goals by increasing transparency, accuracy, cross-industry collaboration, and customer participation.
The Nozama digital platform and technology enable the monitoring of SUPs, as well as the development of loyalty and reward programs to motivate customers to change their behavior and become active participants in sustainable consumerism and the Circular Economy.
About Climate Collective
The Climate Collective is a growing organization of companies that are collaborating to create Web3 and climate action solutions. The Climate Collective was established in October 2021 to address climate change by linking demand for the Celo blockchain’s stable assets (cUSD, cEUR, and so on) with efforts to protect natural resources. To do this, more tokenized nature-backed assets, such as rainforests, will be added to the Celo Reserve. The Collective wants to have allocated at least 40% of the Reserve to tokenized nature-backed assets by the end of 2025. For additional information, go to the Climate Collective.
About Celo Foundation
Celo is a carbon-neutral layer-1 protocol with a strong ecosystem of global partners creating Web3 applications in areas such as DeFi, NFTs, and payments, all to make the global financial system more accessible and inclusive. The Celoecosystem consists of a decentralized, proof-of-stake blockchain technology stack (Celo Protocol), the CELO token, and stablecoins available to anybody with a smartphone (cUSD, cEUR, cREAL). The Alliance for Prosperity, a service organization dedicated to growing and developing the Celo ecosystem, is also supported by over 150 mission-aligned Celo Foundation members from around the world, including Deutsche Telekom, PayU, Opera, Andreessen Horowitz, Anchorage, Coinbase, GSMA, Grameen Foundation, Prosegur, Abra, and cLabs.