The mining-powered yield farming protocol AGA Finance is auctioning off a carbon-neutral, regenerative NFT as a part of its CarbonNeutral® initiative. The regenerative NFT was created from a collaboration between AGA Finance, Seattle artist group Electric Coffin and curation portal Phosphene to reverse mining effects in the industry.
A few events are on the agenda for the auction that went live on 24th June, 1800hrs PST.
- The auction for the green NFT
- Giveaway of AGA’s first net-zero WBTC (~$33k)
Green NFT Designed By Seattle-Based Electric Coffin
According to the artist Duffy De Armas from the Seattle-based group Electric Coffin, the inspiration for the Green NFT was drawn from the effects of crypto mining on the environment. They used the laser eyes of the polar bear as an endorsement of mining bitcoin to challenge the polarizing views that crypto is net-bad for the environment.
Commenting on their collaboration to create the NFT, Sarah May, CMO of AGA Finance said,
“Electric Coffin's NFT packs a punch viscerally, with purpose, and does it with a smile. We wanted to work with partners equally passionate about pushing crypto's sustainability conversation forward. We want to push the boundaries of sustainable mining and what better way to do that through a regenerative NFT and token working towards carbon neutrality.”
AGA Finance Disrupting Mining Operations Through Net-Zero CarbonNeutral® Accreditation
AGA Finance is set on its course towards becoming a carbon-neutral operation by 2025. They have taken tangible steps to achieve their sustainability goal by changing their entire mining operation model. They are also developing a standard that will enable small to medium cap miners to become net-zero.
AGA CEO Tomasz Wojewoda commented on his company’s dedication to a carbon-neutral future, saying,
"We're serious about our role as custodians of the planet and giving eco-conscious investors a way to earn a passive income. CarbonNeutral® certification of our bitcoin and liquidity mining is just one part of the mission. Our vision to develop a standard so small-medium cap miners can be recognized as net-zero carbon ensures a sustainable future across the industry."
Each Bitcoin AGA mine will now be net-zero CarbonNeutral® accredited by Natural Capital Partners, using a combination of clean energy and carbon removals to offset their remaining footprint.
Funding Infrastructure For 100% Renewable Energy Goal
The tokens AGAc-AGAcr will be used to pool in funding to build renewable infrastructure utilized to migrate AGA miners and house mining operations. The funds will also be used to purchase carbon removal assets to offset currently unavoidable carbon emissions for both AGA and other miners. Meanwhile, AGA will be building the infrastructure to transition itself and others to 100% renewable energy sources.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.