Mark Cuban says he is locking $50k in tokenized carbon offsets every 10 days

Mark Cuban says he is locking $50k in tokenized carbon offsets every 10 days


Famed billionaire and reality TV star, Mark Cuban, has revealed he is using blockchain technology to lock up carbon offsets on the Polygon network.

In a Nov. 13 tweet, the billionaire blockchain enthusiast revealed that he has been buying $50,000 worth of carbon offsets and placing them on-chain as Base Carbon Tonnes (BCT) roughly every 10 days since the launch of KlimaDAO.

BCTs are digital assets bridged onto the Polygon Network by Toucan Protocol that represent one tonne of carbon from the Verified Carbon Unit (VCU) registry. KlimaDAO, a decentralized blockchain project that aims to drive appreciation of the price of BCT and has accumulated over 9 million BCTs, told Cointelegraph that it uses Polygon since it is a Proof-of-Stake (POS) network with negligible emissions that

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