As we are focused on restoring humanities relationship to the planet, Atogail Forests NFTs provide value to both the planet, community and the NFT holder. By putting the project on blockchain we are creating transparency for all stakeholders.
Our NFT has mechanisms set in place to bring further possibilities for the holder.
Art, Culture and Social Restoration
- As one Set of NFTs represents a Forest, Atogail has an opportunity to produce many Sets of NFT releases as we expand working with landowners and create more Forests. Atogail encourages and has partnered with many local artists to ensure cultural sustainability.
- This may seem counter-intuitive as most crypto projects utilize scarcity-based models to drive value, however Atogail leverages the projected scarcity of carbon credits together with unique issuance model to achieve this.
- Each NFT will include:
- A digital copy of a unique Art created for each Forest.
- A song/poem or other secondary art element.
- Artist information
- Cultural & Historical information about the land.
- Reference to the Forest planting scheme and native tree species.
- A projection of the Carbon Credits expected to be generated by the Forest.
- Not all carbon credits are the same, just as bonds can have different ratings. The carbon credits to be generated by Atogail Forests NFTs are considered high quality, social carbon offsets.
- These carbon credits can be traded and redeemed. Usually corporates are the main purchasers of these carbon offsets, although the motivation and type of offset purchased can vary. For example, a highly polluting industrial company that is mandated by governments to offset their carbon might seek the cheapest offsets available. However, consumer brands, corporates, and other companies with a more holistic ESG strategy may opt for high quality social carbon offsets, which is what our NFTs produce. The prices between these types of offsets are quite considerable.
- Biodiversity is important to humans for many reasons. Biodiversity is also considered by many to have intrinsic value—that is, each species has a value and a right to exist, whether or not it is known to have value to humans. The 5 core (and interacting) values that humans place on biodiversity are:
- Ecological life support — biodiversity provides functioning ecosystems that supply oxygen, clean air and water, pollination of plants, pest control, wastewater treatment and many ecosystem services. As biodiversity affects critical aspects of our existence including the food chain, humans are dependent on it for survival.
- Recreation — many recreational pursuits rely on our unique biodiversity, such as birdwatching, hiking, camping and fishing. Our tourism industry also depends on biodiversity.
- Economic — biodiversity provides humans with raw materials for consumption and production. Many livelihoods, such as those of farmers, fishers and timber workers, are dependent on biodiversity.
- Cultural — the culture is closely connected to biodiversity through the expression of identity, through spirituality and through aesthetic appreciation. with strong connections and obligations to biodiversity arising from spiritual beliefs about animals and plants.
- Scientific — biodiversity represents a wealth of systematic ecological data that help us to understand the natural world and its origins.