Web3 has been one of the hottest trends in 2022, with its benefits and potential discussed both inside and outside the industry. It has been noted as being capable of giving power back to the individual user – and it’s why even there is such a clamor for integrating Web3. Even governments are keen on encouraging development in the Web3 space.
However, there have been some questions regarding the environmental impact of Web3. NFTs, for example, has constantly been criticized for their comparatively high energy consumption. However, some Web3 projects are actively working on solutions that will better the environment, including IMPT, a project that is establishing a carbon offset program.
How IMPT is Contributing to Fighting Climate Change
The general question of whether Web3 is sustainable and eco-friendly does not have a very clear-cut answer. On the one hand, it does cut down on the physical infrastructure required for operations, as it is decentralized. On other hand, networks that utilize energy-intensive mechanisms like Proof-of-Work affect the environment negatively.
The latter point is key – Web3 networks that use more environmentally friendly mechanisms like Proof-of-Stake greatly reduce the amount of energy used. Web3 is still in its early stages, but some projects are working on setting the standard for sustainability. At the center of that revolution is IMPT, which is taking a multi-pronged approach to reducing carbon impact.
The fight against climate change is fundamentally a ground-level problem. Businesses and individuals have to come together to play their parts in reducing carbon footprints – and that’s where IMPT comes in. The project is creating a large ecosystem where brands, businesses, and individuals use blockchain technology to buy, sell or retire carbon credits.
The platform also gives users a variety of environmental projects to support. Carbon credits are minted into NFTs, which can then be traded on a marketplace. Burning carbon credits compensate for carbon footprint – and each burn results in a collectible NFT for the party.
The team also plans to bring brands on board, which will contribute towards the overall expansion of the platform. To further encourage stakeholders, there will be a shopping section where users can earn IMPT tokens while making purchases.
Keeping in mind that environmental protection is a social initiative, IMPT will also have a social platform where stakeholders can earn IMPT points and obtain a score based on their activity on the platform. Business owners can even earn points by integrating their stores onto the platform.
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? https://t.co/OqP59jXBbe#environment #sustainability #blockchain #presale #climatechange pic.twitter.com/IyBxhf2YCk— IMPT.io (@IMPT_token) October 6, 2022
IMPT is also conducting its presale at the moment, with 1 IMPT token priced at $0.018. There will be a total of 600 million IMPT tokens available in the first presale. The second presale will see 660 million tokens sold at $0.023, while the final presale will have 540 million tokens sold at $0.028.
IMPT Leading the Eco-friendly Crypto Initiative
The crypto market and its associated technologies have a lot left to do when it comes to evolving. Fortunately, there are teams hard at work on solutions that can have a positive impact on the whole of society, with benefits that can last generations.
Projects like IMPT are paving the way for projects to implement eco-friendly solutions. It is fostering a socially responsible approach to technological development and it may just kickstart a green revolution in the crypto market.
Image by Enrique from Pixabay