Before The Merge, Ethereum was widely recognised as a huge emitter of CO2, responsible for a total of 18,100,000 tonnes of CO2 emissions, a significant proportion of global emissions contributing to the climate crisis.
Contracts deployed on Ethereum during the Proof-of-Work (PoW) phase contributed significantly to these emissions.
Transactions occuring since Ethereum's migration to Proof-of-State (PoS) have negligable emissions, but the historical damage has already been done and a significant climate debt is owed.
Seedchain allows developers to understand the historical emissions of their contracts and offset them to become carbon neutral.
A bottom-up impact calculation of pre-merge transactions (based on the seminal work by Kyle McDonald) provides an easy-to-understand estimation of any contract's CO2 emissions.
On-chain offset minting allows contract owners to offset their emissions on a one-off basis, or by integrating Seedchain into their contract. All impact is provided by verified suppliers.
Contracts can continue to reduce CO2 to become carbon negative. Additionally, impact tokens can plant trees to help restore ecosystems.
Collectively we can change Ethereum from a net-negative for the planet to a net-positive.
This is a non-exhaustive list of ways you can offset your existing emissions with Seedchain. It's reasonable to use one approach, combine different approaches or create a new approach entirely.
Anyone can make a one time purchase of Seedchain tokens. These tokens can be minted to the wallet making the purchase or airdropped to another wallet. If you're the owner or deployer of a contract, you can mint on the contract's behalf.
Example: 1% of royalties go to offsetting CO2
NFT projects that take royalty payments on secondary sales may choose to contribute a portion of this to purchasing impact. This enables a gradual offsetting over time.
This can be baked directly into the contract for a specific address, purchased by the owner/deployer or via a proxy address.
Example: Every time a token is sold, 1% of the sale price offsets the carbon emissions of that token.
NFT collections have numerous tokens which may each have different historical carbon emissions. You can choose to offset emissions for individual tokens, visualised on the NFT's impact report.
Example: 1% of mint proceeds goes to planting trees.
NFT collections that are currently pre-mint may choose to integrate Seedchain directly into their minting function. This enables impact to be purchased during the minting phase.
The Seedchain contract API enables web3 developers to integrate Seedchain into their contract in whichever way works for them.
Here are some suggestions:
Seedchain is built on Ethereum. This is only now possible due to the negligable carbon emissions after the Proof-of-Stake merge.
Being on Ethereum means:
Fundamentally, the impact is the most important thing, and we're happy whether or not that's done via Seedchain or another provider.
No. We are all stakeholders in the future of our planet.