Carbon offset protocol KlimaDAO has now accrued over 14 million on-chain carbon offsets and is causing waves in the more traditional carbon offset industry.
The aim of KlimaDAO is to acquire as many carbon offsets as it can in order to drive up their value and make offset-generating activities more profitable.
The Mark Cuban-backed project’s treasury has added over 5 million carbon offset tokens since late Nov. 2021, bringing the total to 14.5 million as of the time of writing. Its offsets are tokenized and bridged to Polygon (MATIC) in the form of Base Carbon Tonnes (BCT) by Toucan Protocol and the new MCO2 tokens by Moss, which were first added to the treasury on Jan. 6. KlimaDAO now owns the majority of the 17 million BCTs