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new york–(Business Wire— Carbon Title, the first decentralized platform designed to bring radical transparency to carbonization efforts in the real estate industry; Talo, which is building a decentralized marketplace for voluntary carbon credits, and CRED, a protocol built around retired carbon credits, have partnered with the carbon-negative, proof-of-stake (PoS) Silo platform.
As the home of Regenerative Finance (ReFi), Cello continues to be the Layer-1 choice for founders and builders developing climate and community-focused solutions using Web3 technology. This ReFi initiative at Silo continues to receive support from its original climate partners, the Climate Collective, a consortium of companies building collaboratively at the Web 3 intersection, and Climate Action.
“Global mass coordination challenges, including the climate crisis, will require Web3’s mass coordination tools to reach the United Nations’ Sustainable Development Goals of net zero global carbon dioxide emissions by 2050,” said René Reinsberg, CEO of Cello. President of the Cello Foundation.
Carbon Title empowers commercial contractors, developers and property owners to estimate and offset their carbon footprint in a simple and cost-effective way. The platform’s blockchain-enabled ledger provides transparency for the public to verify a building’s carbon claims, accelerating the decarbonization of the real estate industry, which accounts for 38 percent of global greenhouse gas emissions. Tokenized carbon credits can be purchased and retired, eliminating greenwashing by enforcing traceability of specific assets tied to the building.
“An important part of our model is to provide transparency on the carbon intensity of buildings by hosting data on the blockchain,” said Miles Halladay, founder of Carbon Topic. “Silo not only provides a compatible stock verification network, but shares our mission to help the industry achieve its decarbonization goals.”
The CRED protocol provides pension certificates for on-chain carbon offsets on the Silo blockchain as ecosystem partners, including the Toucan protocol, support this functionality. These certificates serve as proof of retirement to be used in practical applications, facilitating an ecosystem of Dapps that ensures a more proven climate impact. “We’re excited to be launching on Celo soon and joining Celo’s active ReFi ecosystem,” said Max Song, founder of CRED.
Talo’s mission is to bring together Voluntary Carbon Markets (VCMs) into one exchange on Web3, a first-of-its-kind two-way link with existing registries. The platform’s unique Tokenomics rewards high-quality credits through a cyclical royalty program, ensuring that project developers on the ground benefit from developments in carbon markets. Talo’s unique approach expands Silo’s active carbon credit ecosystem and helps Climate Collective build trust and liquidity in on-chain carbon markets.
“Since the launch of the ReFi movement, Silo has pioneered innovation, supported developers and driven market-level change. Now we’re starting to see ReFi move from ‘the next big thing in Web3’ to a major climate impact at scale. Silo is one of the key organizations leading this evolution.” It is and Talo is honored to be building the chain of the future,” said Talo founder Joseph Hargreaves.
These climate technology companies join Flow Carbon, Untangled Finance, Plasticks and other Climate Collective partners on the Silo network of renewable, planet-positive products.
About the Cello Foundation
The Cello Foundation was founded in 2017 to support the growth and development of the decentralized, open source, mobile-first Cello platform to help build a carbon-negative financial system that creates conditions for prosperity for all. The foundation is guided by the principles of the Silo Community and contributes to education, technical research, environmental health, community engagement and ecosystem outreach – activities that support and promote an inclusive financial system. To learn more about Celo, visit https://celo.org/
On the topic of carbon
Founded in Portland, OR in 2021 by Miles Halladay and Trevor Dryer, Carbon Title is the first decentralized platform to decarbonize the real estate sector. Built to meet the demand for climate action, Carbon Topic offers an end-to-end solution to make every building carbon neutral easier, more attractive and more profitable.
About Talo
Created by veteran blockchain entrepreneurs and climate technology experts, Talo uses blockchain technology to revolutionize and democratize the way individuals and businesses buy, sell and trade carbon offsets. Follow Thallo on Twitter and LinkedIn or join their Telegram group for updates. For more information, visit www.thallo.io.
About CRED
CRED (Carbon Reward Dollars) is the first Web3 reward program for corporate and individual carbon neutrality. CRED is creating an exciting NFT, web3, and IRL utility for every dollar spent on decarbonization.
About the climate collection
Launched in October 2021, the Climate Collective is a coalition of companies building collaboratively at the intersection of Web 3 and Climate Action. Through grant funding, member partnerships and community education, they support diverse impactful products and interoperable protocols that advance the Restructuring Finance (“ReFi”) ecosystem. Collective’s mission is to accelerate climate-positive applications using Celo’s carbon-negative blockchain and empower diverse communities around the common mission of building a regenerative economy.
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