The Goddess Nature Token is an effort to marry Web3 technology with environmentalism and is the core product from Mr. Neumann’s newest venture, Flowcarbon. In other words, Web3 tokens can represent not just data but ownership and access, and can be traded like money. Carbon offsets are, after all, already digital goods that trade on markets—$84 billion worth in 2021, an increase of 60% from 2020. Photo:stephen lam/ReutersHis project aims to create a blockchain on which social networks can be built that will ultimately reward the people who use them, by giving away crypto tokens. To critics of Web3, blockchains are at best an unnecessary encumbrance on a startup like Flowcarbon.

Source: Wall Street Journal June 04, 2022 05:18 UTC