The problem Cnegative solves

Cnegative wants to put a price on Carbon; remove it as an externality and bring it under the purview of free-market capitalism and it is creating the framework for making climate action a public good. Cnegative will be leveraging the advancement of Toucan Protocol that introduced a new money lego to DeFi: programmable Carbon (Base Carbon Tonne). As a result, we have the infrastructure to bridge, fractionalize and pool carbon credits from legacy markets.

Cnegative Genesis is an initiative built on top of the BCT ecosystem, which guarantees one BCT token for every tonne of carbon offset. Our protocol will operate on top of this bridge, bringing individuals or companies into the market through the world’s first green NFT. Our Genesis NFT collection will permanently retire at least $50,000 worth of carbon emissions from the carbon market. Equivalent to going carbon neutral for at least 18 months per NFT - making it accessible for everyone from individuals to corporations looking to offset their emissions, and starting a chain that drives up the price of offsetting Carbon.

Challenges we ran into

We were initially confused about building the protocol on the Celo or the Polygon network. Based on our conversations with people, we realised that Polygon would be a much better choice given its scalability. We also had some minor issues getting the word out, but we solved that by engaging the community through our twitter spaces.