How to save the Amazon? Brazil company says NFTs are the answer

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A Brazilian company that owns 410 square kilometers (158 square miles) of Amazon rainforest is offering a new way to fund conservation: selling non-fungible tokens (NFTs) that allow buyers to sponsor the preservation of specific areas of jungle.

NFTs are a kind of crypto asset that exploded in popularity last year, with a unique digital signature guaranteeing they are one of a kind. Other efforts to fund conservation via NFTs include plans for a South African wildlife reserve.

Plots vary in size from a quarter of a hectare to 81 hectares , which buyers will be able to locate with online maps. Along with preserving the forest, Penna said the funds would support sustainable development efforts such as harvesting acai berries and Brazil nuts by local communities in Pauini, which is the size of Belgium.

 

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Unless it raises enough money to keep guys well trained, staffed, and armed 24/7 with severe penalties for anyone burning rainforest... No, not a thing.

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So save the rainforest by polluting the air and killing the rainforest. Got it.

😐

That's like........ saying the way to cure my cancer is to murder me

I read NFTs were bad for the environment. I guess it's another horrendously nuanced issue for everybody to get confused by 😳

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