Objective: To develop a carbon-neutral HyperChain on the Aeternity blockchain and launch a Carbon NFT platform, enabling environmentally responsible blockchain operations and supporting carbon offset initiatives, and to share useful findings with the Aeternity Foundation community.
Application Status
New
Date Updated
[Today’s Date: January 27, 2025]
Submitted By
Matthew Pickup
Team
Architects of the Carbon Utility Token and the Retire App for tokens
Approved Budget (in Hours)
250
Used Budget (in Hours)
0
Planned Delivery
1-3 months
Funding Category
Infrastructure, Sustainability, Community
Application Title
Development of a Carbon-Neutral HyperChain and Carbon Offset NFT
Applicant
CUT Carbon Distributed Technologies AG
Value Application
This project would open the door to direct integrations for other Aeternity projects and chains into a pool of certified carbon offsets. It creates opportunities for carbon-neutral protocols and proof of green credentials for activities on various hyperchains.
Definition of Terms
N/A
Status Quo
To date, we have helped users offset over 6 million kg of carbon on the blockchain. New technologies like blockchain can often be hindered by concerns about their power usage footprint. This project helps continue the adoption and exploration of blockchain while enabling greener or completely carbon-neutral activities.
Required Work
- Feasibility Study: Assess potential, sustainability, and technical requirements for implementing a carbon-neutral HyperChain.
- Minting Contract: Develop a smart contract for minting Carbon NFTs, representing verified carbon offsets.
- HyperChain Development:
- Deploy renewable energy-powered Virtual Machines.
- Implement DevOps automation and set up core blockchain components.
- Establish a HyperChain testnet with Aeternity rollups for testing.
- Smart Contract Deployment for Carbon NFTs:
- Introduce staking mechanisms linked to CO₂ NFT deployment.
- Optimize staking load and incentivize green node operations.
Estimate
250 hours of developer time
Known Limitations
- Aeternity blockchain uncertainties may affect deployment or scalability.
- Challenges in mastering the Sophia smart contract language.
- Complexity in integration and security measures.
Outlook
This project is the first step toward unlocking interoperability between many chains and projects, enabling an Aeternity-native source of digital carbon credits.
Publishment and Maintenance
The project results and code will be published openly, and we commit to maintaining the project post-completion.
Dear @cut.eco,
Your application for Development of a Carbon-Neutral HyperChain and Carbon Offset NFT has been approved!
Please update your proposal with an email address where we can share more information on the contracting and reporting schedule.