When you imagine regenerative agriculture, cryptocurrencies* (called crypto for short) and blockchain technology probably aren’t the first things that come to mind.
How Crypto Is Helping
We get it—crypto and blockchain tech can be a tad controversial and are in the early stages of development and integration with other parts of society. The headlines are often negative and focused on hacks and money-making schemes.
However, this hasn’t stopped a few trailblazers from using crypto for positive innovation, like by funding regenerative projects around the world:
- Traditional Dream Factory is building a regenerative co-living community, complete with a food forest, greenhouse, vegetable farm, and makerspace. Access to the community is granted via typical subscriptions or investments, but what’s unique is that members pay for the subscription using crypto.
- Ecosapiens provides collectible digital art, in the form of NFTs, that funds carbon capture projects. The art can be used by the purchaser in many ways—to decorate spaces (home, business, tourism, and more), distributed as rewards for customers or employees, or used as a carbon offset to help meet corporate sustainability targets.
- An NFT, or Non-Fungible Token, is a certificate of ownership over a digital item, often artwork. NFTs are built using blockchain technology and therefore cannot be changed, replaced, or forged.
*Crypto 101
- “A cryptocurrency is a digital currency, which is an alternative form of payment… Cryptocurrencies function both as a currency and as a virtual accounting system.” Oswego University
- “Blockchain technology is an advanced database… that allows transparent information sharing.” All changes and transactions are automatically recorded on many independent systems that can see the same database, so it’s impossible to forge and hide fake transactions. AWS