Branching out to make blockchain collectibles environmentally friendly, the non-fungible token (NFT) project EcoSapiens raises $3.5 million in a seed funding round.
Quick Takes:
- Eco-conscious NFT project, EcoSapiens, secures $3.5 million in seed funding. The round was led by Collab + Currency, featuring prominent investors such as gmoney, Ryan Carson, and Shan Aggrawal.
- EcoSapiens uses nature-inspired avatars to help collectors offset emissions, offering additional carbon credits to evolve NFTs and gain rare traits.
- Overcoming challenges faced by carbon accounting software startups, EcoSapiens leverages the “impact-to-earn” concept. Therefore, users can contribute to climate action while reaping the rewards through digital collectibles.
Reasons for Funding EcoSapiens
EcoSapiens — a platform that offers tools for people to impact the planet positively — recently raised $3.5 million in a seed funding round led by Collab+Currency.
Renowned investors gmoney, Ryan Carson (ex-COO of Moonbirds), the Founder of digital fashion enterprise 9dcc, and Shan Aggrawal (VP and Head of Corporate Development at Coinbase Ventures) are among those who recognize the project’s potential, resulting in substantial financial support.
EcoSapiens is built around nature-inspired avatars. The digital assets serve as a unique mechanism for collectors to offset their emissions. Each NFT owner can purchase additional carbon credits, which allows the digital assets to gain rare traits and undergo evolution.
Verifying carbon credits, especially those purchased at the corporate level, is a crucial challenge other ESG or carbon accounting software startups struggle to overcome. However, EcoSapiens’ “impact-to-earn” concept allows consumers to contribute to climate action initiatives while earning rewards through activism. By incorporating these credits into captivating art pieces, consumers can effortlessly, economically, and engagingly contribute to making a positive difference.
In a nut shell, EcoSapiens aims to revolutionize how people participate in environmental conservation while simultaneously enjoying the benefits of digital art and collectibles.
The carbon-backed NFT project seeks to expand operations and its business reach with the funds.
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