Published Mon Feb 21 2022
Through the latest Digital Oceans NFT mint, the KLIMA token is gaining utility as a building block for ReFi. Digital Charity Art and KlimaDAO share the vision of a better, greener world, and this partnership will help achieve that collective vision.
Based in New Zealand, Digital Charity Art (DCA) leverages web3 technologies to drive funding for charitable ventures. Proceeds from DCA’s NFT collections are tied to causes such as ocean conservation.
The Digital Oceans V2 mint will raise funds for international charities
The Digital Oceans V1 collection consisted of 250 unique NFTs, selling out and showcasing how the engagement and excitement around NFT art can be channeled toward charitable causes.
The V2 mint looks to take this further, with 1,000 NFTs available to be minted for 200 DAI each on March 6, 2022. The proceeds of the mint will be used to purchase MCO2, which will be bonded for KLIMA and staked, in order to back the NFTs.
Over the long term, DCA is working toward unifying, developing, and maturing the work of NFT philanthropy, which is still in its relative infancy. In some ways, DCA’s goal is to do for charitable NFTs what KlimaDAO is doing for carbon markets and green projects: to streamline an entire sector and leverage its talent to drive funding toward improving the world.
Taking place on March 6, the Digital Oceans V2 mint is set to become the first climate-positive NFT drop.
As a Klima Infinity launch partner, DCA is purchasing twice the amount of their organizational carbon footprint in KLIMA, enabling them to hold custody over carbon credits, and continuously accumulate more carbon credits by staking KLIMA.
Similarly to the CO2 Compound NFT released by the artist SVN, these 1,000 unique pieces are carbon compounding artworks. Through staking, each NFT will be backed by a growing number of carbon tonnes over time.
When you mint an NFT, you will have the option to claim the underlying KLIMA, along with 70% of staking rewards, by burning the NFT. Over the course of the year, 30% of rewards will be claimed by DCA to be directed toward their charitable ocean conservation efforts.
The V2 mint will provide funding for several of DCA’s charities:
The NFTs act as a time capsule, locking up and compounding over the course of a year, while generating cash flow for ocean conservation. They represent an exciting use case for KLIMA as an underlying building block of the Regenerative Finance (ReFi) economy.
The greenlist is now open on the DCA Discord Server. Join DCA’s like-minded community and learn how to meet all the requirements to get a chance to mint one of the 1,000 unique pieces.
More about DCA:
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