WEB developers are jumping into the world of carbon credits, taking one intangible asset and turning it into another.
Non-Fungible Tokens (NFTs) have been developed by the same blockchain technology used to create cryptocurrencies like Bitcoin. Basically, the blockchain is a series of unique digital “blocks” which link together. They can be fungible like Bitcoin, where essentially every token is the same, or non-fungible, which means every token is unique and can’t be replaced by something else.
At least two NFTs were presented to the National Carbon Farming conference in Albury…
