Blockchain and Carbon?

Use the technology to improve the technology!

Using the Ethereum network to release NFTs is not carbon friendly. In fact, it is (currently) still using a lot of energy to mint an NFT in the classical way. But if you want to raise money for the climate, there is no feasible other way to reach as many people as possible with your certificates.

That is, why envolabs will invest over 30% of all funding in developing better ways to mint NFTs. Ways to mint those in a more carbon friendly way, using technologies like proof-of-stake and layer 2 services like Immutable X or Polygon.

So, this is our carbon statement:

Use the technology to improve the technology

Our first action with the initial NFT drop on envoverse will be to offset the carbon used to mint and sell the envos. We will publicly compensate the transactions following the NFT release. The documentation of these compensations will be made accessible to our NFT holders. We pledge to plant at least 500,000 trees!

Going Layer 2

While the confirmation of each transation in the Ethereum network does currently use a lot of power, new (so called Layer 2) technology is already growing quickly. Also, the shift to the so called ´proof of stake´ method, which is much more efficient, is coming soon for the network. Envolabs will develop a platform that is using these technologies to the most efficient level possible.

Carbon Pledge

envolabs will do 2 things to compensate the carbon emissions of the initial funding, as laid out in our plan:

  1. Miniting our inital NFT will use carbon. We will instantly plant at least 500,000 trees to compensate.
  2. Our platform development will focus on the use of carbon neutral energy and technology - with significant improvements by using the proof-of-stake approach and layer 2 solutions.