It’s no secret that cryptos are not exactly climate-friendly. Now, crypto start-ups are trying to go green. However, that might not work out in the earth’s best interests.
This FT article says, “Eager to capitalise on rising prices and wider calls for a global transition to cleaner economies, crypto traders have scoured the carbon market for older, cheaper offsets to buy and tokenise — uniting the two unregulated markets of digital assets and carbon offsets.
“…Such activity has worried climate experts. Gilles Dufrasne, policy officer at Carbon Market Watch, said he was concerned the new system would end up “laundering” poor quality offsets. Users who wanted to use tokenised credits to offset their emissions might forget, or not know, that the underlying units were “junk,” he said.”
What Doesn’t Glitter is Likely Not Gold
In March 2021, Twitter co-founder Jack Dorsey created an NFT (non-fungible token) of his first tweet. It sold for $2.9 million. The buyer relisted it for sale a year later. It will likely not sell for over $14,000. That’s a loss of almost $2.9 million. Sometimes, lessons have to be learned the hard way.
The analysts at Crypto Dads do a great job and the investing community is grateful for it. Here’s @wosh with some nice words for @Maximus
Dads in the Metaverse
The conversation on the Metaverse channel is getting very interesting. Lot of interest in the Asia region of the TCG World Metaverse.
Dads Paying Taxes
This is some wholesome content on the ask-the-accountant channel. Everyone wants to lend a helping hand when it comes to taxes!
Your Friendly Reminder
BTW, do you know you can earn rewards by referring other enthusiasts to the Crypto Dads discord server? This is how you do it: We offer free time to people who help us grow our community. You can earn referrals by sharing your referral code with people. When you give someone your referral code, they get 25% off their first payment. Once you get enough referrals, you can redeem rewards. Use this guide to learn how to do that. https://bit.ly/3L11jJR