BITCOIN

Virtual landowners donate by a decentralized charity


Next Earth, a replica of the NFT-based Earth, has announced that more than $ 64,000 from the proceeds from the sale of its virtual land will be donated to four environmental charities. Ocean Cleanup, SEE Turtles, Kiss the Ground and Amazon Watch will each receive the money allocated in the community-based vote.

Funding for these four charities took place in a decentralized autonomous organization (DAO), enabling the Next Earth community to determine how funds raised from the sale of virtual real estate could be allocated. DAOs are a new form of governance structure where token holders can vote for the distribution of wealth through decentralized governance rather than the traditional boardroom.

Virtual land funds were allocated in advance, 10% of the total uplift was allocated for charitable contributions. Ocean Cleanup received the most votes, receiving 86 BNB, SEE Turtles 24.57 BNB, and Kiss the Ground and Amazon Watch each receiving about half of the remaining 51 BNB.

Four charities

The next world decentralized charity initiative is allocating funds to four important environmental groups. Let’s look at each of these briefly.

Ocean Cleanup is an organization that seeks to clean the world’s oceans using a system using floating barriers, which will collect as well as remove plastic from the oceans and collect plastics from river flows. Ocean plastics are a huge environmental problem, and ocean cleaning systems are a promising potential solution to this ongoing crisis.

Ocean cleanliness has prevented more than 1 billion bottles from reaching the sea. Their goal of cleaning 90% of the world’s floating sea plastic is ambitious, but not impossible.

Amazon Watch works to preserve biodiversity and human rights in the world’s most fragile ecosystem – the Amazon Rainforest. They work with indigenous peoples to bring about change. The rainforest is one of the largest carbon ponds in the world, but it is home to many endangered species, as well as extensive deforestation projects.

SEE Turtles is a non-profit organization that protects endangered marine turtles through conversation travel, supports nesting beaches, helps end turtle food needs, and cleans waste from turtle habitats. These actions are important, complementary efforts to help save the turtle.

Kiss the Ground empowers regenerative agricultural efforts, a conservation and rehabilitation approach that supports food and agricultural systems. Regenerative agriculture focuses on topsoil regeneration, biodiversity, water cycle improvement, increased resilience to climate change, and more.

Why it matters

The most important investment in the world is not buying or selling stocks or bonds. It is investing in projects that can help fix our environment. Recently, the IPCC (Intergovernmental Panel on Climate Change) released a new report highlighting the importance of working for humanity. It is now “Code Red” for humanity.

We are facing a climate crisis. The steps we take today can make or break our future. There is no more important investment than investing in projects that will help us stabilize our climate, adapt to climate change and get out of the carbon business completely.

The future requires investment now if we want relief from climate change and resource depletion, and it needs new ways that will create opportunities for people who have not benefited too much from capitalism before. DAO-based charitable donations are one of the most promising ways to invest in future environmental projects.

DAO, a decentralized autonomous body, is an organization that runs smart contracts in blockchain. These are digital entities that can perform many tasks typically associated with conventional business, including raising money or providing securities. In a charitable case, a DAO community may allocate funds to various organizations based on voting.

At DAO, it’s easy to get involved with new participants if they want to help make decisions or invest in projects. It also means that companies can easily turn the world into a better place, starting with their focus.

Resolving our pressing global challenges cannot be done in the traditional way alone. The billions of people who have stopped investing so far may need a better way to support organizations that are making a difference. DAOs can provide a powerful new tool for social engagement and investment, and Next Earth Metavers is making a real difference to the long-term health of our planet using this technology.

Photo by Drew Graham on Unsplash



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