{"id":435383,"date":"2022-04-22T00:00:00","date_gmt":"2022-04-21T21:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/wildlife-conservation-efforts-turn-to-nft-funded-initiatives\/"},"modified":"2022-04-22T00:00:00","modified_gmt":"2022-04-21T21:00:00","slug":"wildlife-conservation-efforts-turn-to-nft-funded-initiatives","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/wildlife-conservation-efforts-turn-to-nft-funded-initiatives\/","title":{"rendered":"# Wildlife conservation efforts turn to NFT-funded initiatives"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3d8ad6b1d2b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3d8ad6b1d2b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/wildlife-conservation-efforts-turn-to-nft-funded-initiatives\/#%E2%80%9D_Wildlife_conservation_efforts_turn_to_NFT-funded_initiatives_%E2%80%9C\" >&#8221; Wildlife conservation efforts turn to NFT-funded initiatives &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Wildlife_conservation_efforts_turn_to_NFT-funded_initiatives_%E2%80%9C\"><\/span>&#8221; Wildlife conservation efforts turn to NFT-funded initiatives &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvMTdjNWUxZGYtMTczNS00ZDlmLWFiMTYtY2JjOGU5YWY4Mzg0LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Digital twin nonfungible tokens, or NFTs, aren&#8217;t just reserved for consumer products anymore. Netherlands-based decentralized carbon credit exchange Coorest and conservation consulting firm\u00a0PLCnetwork of the Southern Hemisphere teamed up to tokenize individual real-world endangered animals at <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> reserves and privately owned conservation areas in Africa. These wildlife NFTs enable holders to sponsor an elephant, lion, cheetah or rhino. Profits from the sales will go toward food, shelter and security for the animals they represent.<\/p>\n<p>Cointelegraph spoke to William ten Zijthoff, founder and chief executive officer of Coorest, to learn more about combining blockchain and sustainability with wildlife preservation. Coorest is best known for\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coorest-official.medium.com\/coorest-nftrees-benefiting-local-communities-and-the-world-at-large-3c1d1aa61b20\">operating<\/a>\u00a0an NFTrees CO2 compensation system that tokenizes yield-bearing assets or bonds and carbon credits that are tradable on the blockchain. Those who buy an NFTree collect and burn the CO2 tokens to register the amount of CO2 reduced. <\/p>\n<p>Similarly, the wildlife concept treats conservation as an asset that should be invested in for the sake of both the animals and the environment. He explained that conservation areas or eco-lodges &#8220;need new business models that don&#8217;t depend on tourism for income or donations.&#8221; That&#8217;s why Coorest partnered with PLCnetwork of the Southern Hemisphere\u00a0with connections to wildlife reserves in South Africa, Zimbabwe and Botswana.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">You Can&#8217;t Miss this!<br \/>Coorest in collaboration with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PLCnetworkSH?ref_src=twsrc%5Etfw\">@PLCnetworkSH<\/a> will provide wildlife <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/NFTadoption?src=hash&amp;ref_src=twsrc%5Etfw\">#NFTadoption<\/a> with wildlife parks having to upload <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/ProofOfLife?src=hash&amp;ref_src=twsrc%5Etfw\">#ProofOfLife<\/a> evidence showing animals are doing well &amp; adoption payments impact positively!<br \/>Full Article here: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/aVETZUl8P8\">https:\/\/t.co\/aVETZUl8P8<\/a><\/p>\n<p>\u2014 Coorest &#8211; Official Channel (@CoorestOfficial) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CoorestOfficial\/status\/1506616767946235908?ref_src=twsrc%5Etfw\">March 23, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nAccording to\u00a0PLCnetwork\u00a0founder Dr. Julia Baum, the main issue with on the ground wildlife conservation is that &#8220;it is costly and resources are often very limited.&#8221; Even for a private reserve with a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly bigger budget, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coorest-official.medium.com\/introducing-thewildlife-tokenization-project-2c19091cd962\">cost<\/a> of taking care of an African bush elephant, for example, can be very expensive because it includes fencing, monitoring, 24-hour anti-poaching patrols and veterinarian support.<\/p>\n<p>When asked what the main benefits of owning an elephaNFT or a lioNFT are, ten Zijthoff said it&#8217;s about building a long-term relationship with the animals, the wildlife reserve and Coorest. He also clarified that owning wildlife NFTs does not give ownership over the animals, rather it provides monthly &#8220;proof-of-life&#8221; verification that the animal is still alive. The metadata of each NFT contains information about the species, age and gender, specific to each tokenized animal. Holders will also be invited to\u00a0visit the wildlife reserve and meet the animals.<\/p>\n<p>70% of the funds from these Wildlife NFTs\u00a0will go to the game reserve or conservation area, with the funds released on a monthly or set schedule. VulcanForged is a blockchain game studio and NFT marketplace that has partnered with Coorest to sell and feature its wildlife NFTs in various play-to-earn games, offering holders additional in-game uses and rewards.\u00a0<\/p>\n<p><strong><em>Related:\u00a0Vulcan Forged (PYR) rallies after virtual land sales and the Elysium testnet launch<\/em><\/strong><\/p>\n<p>As this first pilot project of Wildlife NFTs is underway to &#8220;further develop overall conservation innovation,&#8221; Baum believes these new kind of impact NFTs can raise awareness of conservation action and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> development for new and wider audiences. The long-term goal is to achieve larger investments and the success on the ground throughout the world, she added.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"nifty_newsletter\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/wildlife-conservation-efforts-turn-to-nft-funded-initiatives\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Wildlife conservation efforts turn to NFT-funded initiatives &#8220; Digital twin nonfungible tokens, or NFTs, aren&#8217;t just reserved for consumer products anymore. Netherlands-based decentralized carbon credit exchange Coorest and conservation consulting firm\u00a0PLCnetwork of the Southern Hemisphere teamed up to tokenize individual real-world endangered animals at game reserves and privately owned conservation areas in Africa. These&#8230;<\/p>\n","protected":false},"author":1,"featured_media":435384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvMTdjNWUxZGYtMTczNS00ZDlmLWFiMTYtY2JjOGU5YWY4Mzg0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[79786,95118,74892,25562,10595,72602],"class_list":["post-435383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-digital-asset","tag-nft","tag-tokens","tag-africa","tag-environment","tag-south-africa"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/435383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=435383"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/435383\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/435384"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=435383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=435383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=435383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}