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Carbonomics: How can Web3 lower the personal carbon footprint? with Eco-Sapiens Co-Founder Nihar Neelakanti
How can Web3 lower the personal carbon footprint by creating financially attractive, cheaper systems aligned with social utilities to encourage more consumers to have a positive carbon impact? Nihar Neelakanti talks with host Julian Guderleyon this podcast episode about Eco-Sapiens, carbon removal start up designed to build a better world. Nihar and co-founder Garrett Kane have received funding to develop a strategy to create the world’s first carbon-backed NFT to make it easier for anyone to have impact on the planet.
Nihar speakers about the plan for the NFT, how it will be priced and the incentives tied to it to give each buyer the ability to move the needle on CO2 removal. The consumer rate of carbon emissions is about 13 tons per year. The NFT is backed by 20 tons of carbon, so with each unique digital NFT purchase, the buyer also contributes to the sequestration of 20 tons of carbon dioxide. The mission is to make it "1-click" easy for consumers to make a difference in a way that aligns with their interests. The NFT, which Nihar describes not as an expense, but a commodity, is the first step in Eco-Sapiens vision for consumers.
The company is also creating the Eco Card, a fundamental product that applies to the holistic approach to carbon through a sustainable loyalty rewards program. Yet to be designed, Nihar talks about what the market for the cards could look like and how they may also serve to lower carbon lifestyles. Prior to co-founding Eco-Sapiens, Nihar was Head of Investment for Menlo Ventures across consumer, fintech and climate sectors. Menlo Ventures provides capital for seed through growth technology companies in the consumer and enterprise sectors. Notable research areas of investment include Mobile (Siri, Uber, TeleNav), Enterprise Storage (3PAR, Spinnaker Networks, Coraid), Communications (Acme Packet, Cavium Networks), and Consumer (Fab, Tumblr, Carbonite, Roku). Nihar’s previous work has been working for investment houses.
Ecosapiens will launch with an exclusive carbon-backed NFT limited to just 250 Ecosapien avatars in December 2022. To become a member of the community, you may register for early access at www.ecosapiens.xyz or follow @ecosapiensxyz on Twitter, and join the community on Discord.
Nihar Neelakaniti Co-Founder & CEO of Eco-Sapiens
#carboncredits #nfts #fintech
# About Better Worlds Better Worlds is a communication and community building platform comprised of weekly podcasts, engaging international conferences and hack-a-thons to encourage and support the development of Web3 solutions. Our programs celebrate voices from every continent to forge a shared and abundant future.
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By Better WorldsHow can Web3 lower the personal carbon footprint by creating financially attractive, cheaper systems aligned with social utilities to encourage more consumers to have a positive carbon impact? Nihar Neelakanti talks with host Julian Guderleyon this podcast episode about Eco-Sapiens, carbon removal start up designed to build a better world. Nihar and co-founder Garrett Kane have received funding to develop a strategy to create the world’s first carbon-backed NFT to make it easier for anyone to have impact on the planet.
Nihar speakers about the plan for the NFT, how it will be priced and the incentives tied to it to give each buyer the ability to move the needle on CO2 removal. The consumer rate of carbon emissions is about 13 tons per year. The NFT is backed by 20 tons of carbon, so with each unique digital NFT purchase, the buyer also contributes to the sequestration of 20 tons of carbon dioxide. The mission is to make it "1-click" easy for consumers to make a difference in a way that aligns with their interests. The NFT, which Nihar describes not as an expense, but a commodity, is the first step in Eco-Sapiens vision for consumers.
The company is also creating the Eco Card, a fundamental product that applies to the holistic approach to carbon through a sustainable loyalty rewards program. Yet to be designed, Nihar talks about what the market for the cards could look like and how they may also serve to lower carbon lifestyles. Prior to co-founding Eco-Sapiens, Nihar was Head of Investment for Menlo Ventures across consumer, fintech and climate sectors. Menlo Ventures provides capital for seed through growth technology companies in the consumer and enterprise sectors. Notable research areas of investment include Mobile (Siri, Uber, TeleNav), Enterprise Storage (3PAR, Spinnaker Networks, Coraid), Communications (Acme Packet, Cavium Networks), and Consumer (Fab, Tumblr, Carbonite, Roku). Nihar’s previous work has been working for investment houses.
Ecosapiens will launch with an exclusive carbon-backed NFT limited to just 250 Ecosapien avatars in December 2022. To become a member of the community, you may register for early access at www.ecosapiens.xyz or follow @ecosapiensxyz on Twitter, and join the community on Discord.
Nihar Neelakaniti Co-Founder & CEO of Eco-Sapiens
#carboncredits #nfts #fintech
# About Better Worlds Better Worlds is a communication and community building platform comprised of weekly podcasts, engaging international conferences and hack-a-thons to encourage and support the development of Web3 solutions. Our programs celebrate voices from every continent to forge a shared and abundant future.