BRASILIA, March 26 — A Brazilian company that owns 410 square kilometres of Amazon rainforest is offering a new way to fund conservation: selling non-fungible tokens that allow buyers to sponsor the preservation of specific areas of jungle.
Token holders will not own the land itself, but will have access to key information about its preservation, from satellite imagery to licensing and other documentation, said Nemus founder Flavio de Meira Penna. NFTs for the smallest plots sell for $150 and the largest fetch US$51,000 , said Penna, who is hoping to raise US$4 million to US$5 million to buy an additional 2 million hectares of land already under negotiations in the municipality of Pauini in Amazonas state.
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