BitCarbon
The future of carbon is digital
Today carbon offsets are analog, off-chain, controlled by centralized registries, and lack liquidity.
Hoshi Sora is building BitCarbon, a decentralized application built on the Sui blockchain that digitizes and fractionalizes carbon offsets from tonnes, into “bits” (grams).
With bits of digital carbon we can begin the process of incorporating offsets into everything we do. This means a positive impact for less than a penny (you’ll never feel it hit your pocket).
BitCarbon will help cool the planet at scale. Who doesn’t want a cooler planet?
Wrap It or Trade It
BitCarbon will allow users of cryptographic networks to wrap or package their tokens with carbon offsets enabling a revolution in decentralized finance (DeFi) and regenerative finance (ReFi).
Example 1: Wrapping Bitcoin
At launch BitCarbon will enable users to wrap bitcoin (BTC) with carbon offsets creating “offset bitcoin” (oBTC). This enables institutional and corporate investors to add Bitcoin to their balance sheet who have concerns about their environmental impact.
Example 2: Wrapping NFTs (or packaging with NFTs)
Web3 creators will be able to package carbon offsets with their NFTs (non-fungible tokens) as a payload, either to offset their footprint, or to provide exciting utility to their tokens. Imagine users being able to retire the offsets, or detaching and trading them on open markets.