We’ve got some exciting news to share: we just retired our first carbon credits through our two-way bridge! This is a tremendous deal because it represents a full-circle use case and proves that our model works as designed, from registry to tokenization to retirement.
🤓 What is a retired credit?
In case you’re wondering, retiring a carbon credit means taking it off the market forever. This ensures that only the purchaser of the carbon credit can claim to have reduced emissions, and they can’t resell the credit to someone else.
⁉️ What’s a Proof of Retirement NFT?
Our Senior Solidity Developer, Brandon, created a customized Thallo Proof of Retirement #NFT to show the retirement details. It’s super cool, and we can’t wait to share all the details with you!
If you’re curious, you can even check out the transaction for yourself via Polygon.
🤷♀️Why is this important?
The successful retirement of carbon credits through a Two-Way Bridge and the creation of a Thallo Proof of Retirement #NFT demonstrate the potential of innovative solutions to combat climate change. With technology and transparency, we can create more effective and credible carbon credit markets that incentivize emissions reductions and promote sustainable development.