Brazilian prosecutors probe company over Amazon forest NFT sale

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A Brazilian firm selling non-fungible tokens (NFTs) it says are linked to physical land in the country's Amazon rainforest has been asked by Brazilian prosecutors to prove its ownership of the land, which is in territory claimed by indigenous people.

The prosecutor's office has given Nemus 15 days to show the land belongs to it and has accused the company of pushing indigenous people in the region to endorse documents they could not understand.

Soave said his office was trying to work out if the land is privately owned, but added this would be made invalid if the territory is recognised by the federal government as indigenous. In a statement to the Thomson Reuters Foundation, Nemus said it had “requested and received formal approval from FUNAI to navigate along the Seruini River”, which is the traditional access route to the region where the land underlying the NFTs is located.

But Melquisedeque Lopes Soaris Apurina, a local indigenous leader, told the Thomson Reuters Foundation that the NFT company's claim to the land was illegitimate. CIMI worked with community members to alert Brazilian prosecutors to the NFT situation, according to Lima. This information concurs with the statement from Nemus, which noted that the territory “is not in any Indigenous Land or Reservation” and is “duly registered in the Public Notary of Pauini”.

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