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Creative community Corcovado has announced a new project called CorcoCoin which aims to help prevent climate disaster with crypto-based rewards for the carbon captured by growing trees. The innovative product allows people to invest £10 to have a single tree planted, the tree’s photo and GPS location are then uploaded to the Telos blockchain, minting a non-fungible TREE token. Based on research that claims that forest restoration may be the best climate change solution available today, Corcovado wants to reward its users for contributing to the fight against climate change. Corcovado ensures that a variety of native species are planted, and depending on the tree, token holders could track their trees for up to 60 years. More than 1,000 trees ...
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