Nettle will make Bitcoin Carbon Negative partnering with Algorand Foundation and Algomint
Algomint has today announced its commitment and intention to ensure that every Bitcoin coming to Algorand will be net carbon negative. This will be facilitated through a partnership with the Algorand Foundation and Nettle, an ecosystem of Dapps for doing good built on Algorand, who are providing assistance to many global entities for similar carbon-negative initiatives. To achieve this, Algomint will use Nettle to neutralise the carbon emissions created by the Bitcoin minting process with minted GoBTC assets, allowing them to then enjoy carbon neutrality which is native to the Algorand network.
Nettle provides Algomint with Nettle Zero tokens, an Algorand Standard Asset. Each Nettle Zero represents 1 tonne of CO2 removed from the atmosphere and two are needed to decarbonise one Bitcoin. Nettle Zero neutralisation involves CO2 removal activities in Europe. Carbon removal is far more credible and effective than carbon offsetting, and Algomint takes the industry leader in neutralising Bitcoin.
The Algorand network was designed from the ground up to be a low energy consuming platform, built for a long term, sustainable future. To further ensure that Algorand is the optimal choice for innovators who wish to build in a sustainable way, the Algorand blockchain has committed to being carbon negative today and into the future.
Visit our website nettlelabs.com and explore how we use blockchain to scale the change we wish to see in the world.
Those interested in Nettle’s platform should express their interest by getting in touch via email.
🌍 Website: nettlelabs.com