FinTech news in carbon credits category

Of the total funds raised in this round, $32 million came from venture capital firms and $38 million from the sale of Flowcarbon’s Goddess Nature Token (GNT), a crypto token on the Celo blockchain backed by carbon credits, Reuters reported.

Instead, Bitso is working with Moss.Earth, a São Paulo, Brazil-based carbon offsets company, to indirectly mitigate the emissions associated with transacting bitcoin and Ethereum-based tokens via its platform.

The Ethereum blockchain isn’t exactly the first thing that springs to mind when you’re thinking of solutions to climate problems, but that what Nori has built as an engine to encourage farmers to use carbon-negative farming methods to pull carbon from the air and put it back into the ground.